Guide Overview
How do you measure service? Ballou introduces metrics like stockout frequency, fill rate, and order cycle time. He provides models to calculate the cost of lost sales—essential for any e-commerce or B2B operation. Guide Overview
Why? Because Ronald H. Ballou’s textbook—formally titled Business Logistics/Supply Chain Management: Planning, Organizing, and Controlling the Supply Chain—is widely considered the gold standard reference for logistics theory and practice. First published in 1973 and now in its 5th edition (Pearson), it has shaped decades of supply chain thinking. ResearchGate Academia
Ballou emphasizes looking at the "total cost" of a system rather than individual parts. For example, spending more on fast transportation might actually save money overall by drastically reducing the amount of inventory a company needs to hold. Customer Service Goals: Guide Overview