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Summarize the Best Practices for Implementing a Successful Supply Chain

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Essay

Summarize the best practices for implementing a successful supply chain management system.


Definitions:

Compulsory Arbitration

A method of dispute resolution where an impartial third party makes decisions that are binding on both parties involved, often used in labor disputes.

Discouraging Strikes

Strategies or policies implemented by employers or governments aimed at preventing strikes by addressing worker grievances or limiting the right to strike.

Strikes

A work stoppage caused by the mass refusal of employees to work, usually aimed at securing better wages, hours, or working conditions from their employers.

Final Offer Arbitration

A dispute resolution process where each party presents their final offer, and the arbitrator chooses one, without the option for modification.

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