In part 1, we discussed the development of the carrying cost concept with Dr. Lambert. If that wasn’t boring enough, in part 2, he shared his views on the future of supply chain management, and the importance of partnerships with host Chris Barnes.
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Supply Chain is Boring Episode 24
Why do companies so aggressively manage inventories? Cost! And a big cost component is carrying or holding cost- a percentage of the total inventory value that impacts the bottom line. So what are the subcomponents of carrying cost and how were they developed? Listen as host Chris Barnes interviews Dr. Doug Lambert, and learn more.