when was the term supply chain management introduced
Supply chain management In 1982, Keith Oliver, a consultant at Booz Allen Hamilton (now Strategy),[8] introduced the term "supply chain management" to the public domain in an interview for the Financial Times.[9]
Theory of constraints The underlying premise of the theory of constraints is that organizations can be measured and controlled by variations on three measures: throughput, operational expense, and inventory. Inventory is all the money that the system has invested in purchasing things which it intends to sell. Operational expense is all the money the system spends in order to turn inventory into throughput. Throughput is the rate at which the system generates money through sales.[3]