Managing the Supply Chain

The bottom line for managing raw materials and the supply chain is to be flexible and nimble, especially as the business cycle unfolds over time. If you're a builder and you see that lumber price starting to rise, mayyou may go into the futures market and and buy a few contract to lock in a price for lumber. And that's where it becomes more entripneral than theoretical, is to see exactly what you think that demand will be strong enough that you can pass on higher prices to tora consumers. But th this is why antropnor is that something you cald learn by reading a book. You really have to go out and do it.