supply chain management

Pricing Strategy Helps Manufacturers Decide When to “Scrap or Sell” Not Quite Perfect Products

Several production processes not only produce quality, high-end products but also generate what are known as Not-Quite-Perfect Products (NQPPs) that do not fully meet quality standards. Manufacturers then have a decision to make – get rid of all the NQPPs…

Wine glasses and barrels

New Research Creates Accurate Pricing Model for Wine Futures

Researchers from the Martin J. Whitman School of Management at Syracuse University have revealed a highly accurate model for pricing wine futures. In a recently accepted paper in Manufacturing & Service Operations Management, Burak Kazaz, PhD, Steven Becker Professor, Laura J. and L. Douglas Meredith Professor…