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The changing market dynamics and the demanding customers have made it a necessity for these managers to build shorter lead times, more customization, higher productivity and lower costs, into their offering. Effective allocation of time and cost has been the major cost center for most business operations, and having an efficient supply chain ensures a cost advantage for businesses. Creating an efficient supply chain has been the primary focal point for firms, who see the supply chain as the networked constituent of suppliers, distributors and customers. For the benefits of customers as compared to competitors, firms place a premium on operational efficiency...
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