In discussing the formulation of a logistical strategy, authors of your Supply Chain Logistics Management text speak of a four-step process:
- Determining a least-total-cost-network.
- Measuring service availability and capability associated with the least-total-cost-system design.
- Conducting sensitivity analysis related to incremental service and cost directly with revenue generation.
- Finalizing the plan. (Bowersox, Closs, & Cooper, 2013, p. 302)
Apply this process to the development of a supply chain for a consumer product.