Globalisation has created a world without boundaries. The new business environment is characterised by informed customers, customized products, short product life cycle, and short lead-time. These factors have led to fierce competition in global operations of manufacturing and logistics. The impact of failure of one entity in the supply chain can lead to a number of entities closing down and in some instances the whole supply chain shuts down. Recent events like hurricane in New Orleans or earthquakes in Japan…    Read More >>