Supply Chain Frontiers issue #43
Kids can teach us a lot about life – and about supply chain. A new video about the MIT Supply Chain Management (SCM) Program uses a humorous story about two lemonade stands to teach the value of sound supply chain management.
One stand attracts lots of customers while the other is largely ignored. The poor performer does not manage its supply chain well; it has too much inventory (lemons) and lousy transportation (a wobbly bicycle). The kids visit MIT and fix their problems by building an efficient global supply chain, and the laggard stand becomes a star.
Whether you are launching a career in supply chain or are a seasoned professional, take a look at the It Takes More Than Technology to Run Your Business video to laugh and learn.
View the video by going to http://scm.mit.edu/program. For more information on SCM, contact the head of the program, Dr. Bruce Arntzen.