Exercise Lecture 1 – Chapter 2 Inventory Management 1. A drugstore sells bandages for $5 per box. The monthly demand for this product has a normal distribution with a mean of 100 and a standard deviation of 30. The store adopts a continuous review policy in which the order quantity equals the average demand for one month and the reorder point equals 43 boxes. The lead time for an order is one week‚ where each month contains exactly four weeks. a. What is the cycle service level for this product
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Supply Chain Responsiveness and Efficiency – Complementing or Contradicting Each Other? Dennis Minnich1 Frank H. Maier2 International University in Germany Campus 1 76646 Bruchsal‚ Germany Phone +49 7251 700-341 Fax +49 7251 700-350 e-mail dennis.minnich@i-u.de Abstract Balancing responsiveness to market requirements with overall efficiency is an important issue in supply chain design and management. The objective of the system dynamics model introduced in this paper is to capture generic structures
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with the delivery cost and a 3% financing charge per month on their inventory costs. The latter policy serves as the warehouse’s control system to the branches such that they maintain “just right” inventory. However‚ the company is now getting concerned as to whether their warehouse capacity can accommodate the possible sales increase. Management is alarmed as to the possible implication of the booming sales to inventory levels in the Valenzuela warehouse and the associated costs attributable to
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Supply Chain Name: Course: Tutor: Date: The art of being a critique is in its essence quality work‚ and it is the way of the world today. This is the requirement as well obligation for all researchers. If the research material they produce is of low quality and integrity‚ it is not worthy of reading. In this case‚ the literature on supply chain collaboration will undergo the same critical analysis. There are areas that will show if the research is of impeccable quality and value or if it
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Executive Summary We have analyzed Coca-Cola India’s supply chain with respect to the following: • Inventory management • Quality management • Vendor management We have detailed out the practices and policies adopted in the company and highlighted noteworthy practices in this project. We have described recent trends in operations in the areas chosen. We also have identified a problem the company is facing‚ analyzed it and have suggested a solution for the same. Introduction
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informs Vol. 34‚ No. 3‚ May–June 2004‚ pp. 191–205 issn 0092-2102 eissn 1526-551X 04 3403 0191 ® doi 10.1287/inte.1030.0068 © 2004 INFORMS Inventory Decisions in Dell’s Supply Chain Roman Kapuscinski University of Michigan Business School‚ Ann Arbor‚ Michigan 48109‚ roman.kapuscinski@umich.edu Rachel Q. Zhang Johnson Graduate School of Management‚ Cornell University‚ Ithaca‚ New York 14853‚ rqz2@cornell.edu Paul Carbonneau McKinsey & Company‚ 3 Landmark Square‚ Stamford
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Knowledge-Based Analysis and Modelling of Dell’s Supply Chain Strategies Areti Manataki Master of Science Artificial Intelligence School of Informatics University of Edinburgh 2007 Abstract Supply Chain Management is becoming more and more important for the success of today’s business world. Dell has realized this trend from its very first steps and has become one of the most successful PC companies in the world by putting emphasis on its supply chain‚ orchestrating its build-to-order and direct
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Running head: Supply Chain Profitability The Challenges of Supply Chain Profitability Graduate School of Management Procurement and Contract Management Outline I. Introduction II. Value Chain Analysis A. Definition B. Importance C. Redesign III. Value Chain Reference Model A. Purpose B. Use C. Impact IV. Conclusion A. Effects upon organization B. Impact upon management Abstract This paper describes the challenges of supply chains management. It examines the various
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allowed the company to grow aggressively and expand into 9 different countries as early as 1920. Coca-Cola’s “System” is a very unique approach to supply chain and distribution management. The company leveraged the success of its bottler systems to expand throughout the world quickly and with limited penetration issues. Coca-Cola’s supply chain includes partnerships with over 275 bottlers worldwide. This system allows them to operate globally but think locally. Coke generally manufactures and
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IMC or Integrated Marketing Campaign is an approach to achieve marketing campaign through coordinated tools of promotional methods. It recognizes the value of a comprehensive plan that evaluates the variety roles of communication such as public relation‚ personal selling and sales promotion and combines them to make a clear maximum communication impact. In this report‚ we are required to develop the main strategic areas of integrated marketing communication plan for the company. We have to choose
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