In the never-ending quest for production efficiency and profitability, companies look toward their supply chain for additional improvement opportunities. Renowned Supply Chain subject matter expert, Dr. Hau Lee, explained that a stable supply chain can be developed by reducing uncertainty. The following chart, demonstrating Dr. Lee’s Uncertainty Framework, is reproduced from the course text (attached).
Companies should work to move from the right side of the chart to the left side, and from the lower to the upper portion, if they are to remove uncertainty from their supply chain processes.
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