LOGISTICS & SUPPLY CHAIN MGMT assignment Example | Topics and Well Written Essays - 250 words

LOGISTICS & SUPPLY CHAIN MGMT - Assignment Example Anticipatory model, a traditional model, was based on predictions which were used by organizations as the purchasing behavior of consumers was not obtainable and partnerships were not working together. Thus, the predictions pursued by retailers, wholesalers, distributors and manufacturers led to surplus inventory in the market. This lead to a huge probability of misjudgment of consumer demands which was replicated by all companies. Response based model decreases the effects of dependence on anticipations by mutual discussion and instant communication amongst the partners. This helps in obtaining accurate information and rapid fulfillment of consumer demands. Unlike anticipatory model lesser expenses help to finish the process speedily with huge levels of customization. Technological advances have enhanced the response rate. It not only increases the consumer contentment but also lessens the