Scm

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Title: Scm

Essay Details:

Subject: Business

Author: Timothy W

Date: September 8, 2013

Level: University

Grade: A

Length: 6 / 1552

Essay text:

One reason for this could be the rising demand for specialty chemicals in the pharmaceutical industry, which uses chemicals in drug manufacturing. The pharmaceutical industry is growing rapidly, accounting for 22 percent of the global specialty chemical demand [1]. MoonChem, a manufacturer of specialty chemicals, has completed a financial review of the previous fiscal year that showed the company had only two inventory turns. This finding has concerned John Kresage, the Vice President of Supply Chain, in that he intends to investigate the current inventory and logistic programs to determine the most effective and efficient method to increase inventory turns, decrease cost, and maintain customer service...

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