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The Fifth Edition of Managing Operations Across the Supply Chain
offers a global, supply chain perspective of operations management
treatment that embraces the foundations of operations management
but includes new frameworks, concepts, and tools to address the
demands of today and changing needs of the future. We live in
dynamic and exciting times due to many changes affecting nearly
every aspect of business - including operations management. This
fourth edition reflects key shifts in operations management.
Connect is the only integrated learning system that empowers
students by continuously adapting to deliver precisely what they
need, when they need it, and how they need it, so that your class
time is more engaging and effective.
Almost every organization is exposed to financial risk stemming
from commodity price volatility. Risk exposure may be direct, from
the prices paid for raw materials transformed into products sold to
customers, or indirect, from higher energy, transportation costs,
and supplier commodity purchases. Managing Commodity Price Risk: A
Supply Chain Perspective provides a range of approaches
organizations can implement and adapt for assessing, forecasting,
and managing commodity price volatility and reducing financial risk
exposure associated with purchased goods and services.
Understanding and managing commodity price risk is important for
organizations and supply chain professionals due to the significant
direct financial effects price volatility has on profitability,
organizational cash flow, the ability to competitively price
products, new product design, buyer-supplier relationships, and the
negotiation process.
Every business is exposed to financial risk stemming from commodity
price volatility. Risk exposure may be direct from the prices paid
for raw materials needed for operations or indirect from higher
energy and transportation costs. The purpose of this book is to
provide an approach that organizations can implement to manage
commodity price volatility and reduce their exposure to financial
risk. This topic is important for current and future supply chain
professionals due to the significant direct financial effects that
price volatility has on profitability, organizational cash flow,
the ability to competitively price products, new product design,
buyer-supplier relationships, and effective negotiating.
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