What Is the Business Value of a DSS

question 68

Essay

What is the business value of a DSS?

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Definitions:

Just-In-Time

A supply chain and inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.

Supply Chain Orientation

A management philosophy that guides the actions of company members toward the goal of actively managing the upstream and downstream flows of goods, services, finances, and information across the supply chain.

Logistics Approach

An overarching strategy in managing the complete process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods from origin to consumption.

Push Strategy

A marketing approach where a business takes its products to the consumer, typically through promotions and sales channels, to ensure product awareness.