Learning Engagement # 5

TOPIC:

How do demand management impact supply chain management and supply controls? Examination of the past and present.

PROFESSOR'S GUIDANCE FOR THIS WEEK'S LE:

Inventory management concepts postulate that inventory is managed very tightly. The extreme in inventory management calls for "Just In Time" related principles. How does this may change in an environment created by the COVID-19 pandemic? The supply chain may not function so well anymore, which may cause companies to have larger inventories on hand. As some companies in the supply chain may have to shut down, it would be prudent to run larger inventories to reduce the risk of running out of stock. However, our own company may have to shut down temporarily. Provide a real life example from your experience as a consumer and back it up with one authored source.