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What is Lec 2 about?

The lecture discusses the concepts of uncertainty and risks in supply chain management, focusing on demand and supply uncertainties. It categorizes products into functional and innovative types, highlighting their distinct characteristics and the corresponding supply chain strategies: efficient for functional products and responsive for innovative products. Additionally, it introduces risk hedging and agile supply chains, emphasizing the need for flexibility and responsiveness in managing supply disruptions

Author

premcdr7799

Language

EN