13 Lean and agile supply chain Introduction With the real-time access to the Internet and search engines like Google and with the increased global competition‚ customers have more power than ever before. They demand innovative product features‚ greater speed‚ more product variety‚ dependable performance and quality at a best in class and at a competitive price. Furthermore‚ today’s discerning consumers expect fulfilment of demand almost instantly. The risk attached to traditional forecast
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Supply Chain 1 I Care Healthcare Supply Chain Management By Jeffrey S. Moser Operations Management MGT 554 Professor Stephen Wernick October 12‚ 2004 Supply Chain 2 Supply Chain Management plays a vital role in our hospitals today. With the growing cost of healthcare and new technologies‚ it is vital for hospitals to run as efficiently as possible and without jeopardizing care. To the materials manager and to the financial minds of a hospital the area of supply chain is a tedius task at best
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(Heizer/Render) Chapter 11 Supply Chain Management Section 1 The Supply Chain’s Strategic Importance 1) Even though a firm may have a low cost strategy‚ supply-chain strategy can select suppliers primarily on response or differentiation. Answer: FALSE 2) The supply chain for a brewery would include raw ingredients such as hops and barley but not the manufactured goods such as bottles and cans. Answer: FALSE 3) When using the low-cost strategy for supply chain management‚ a firm should
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Question 1: There were several interrelated issues that Cisco’s supply chain faced. Inaccurate Demand Forecasts Firstly‚ the demand forecast accuracy on which decisions were based was low. Customers at the time were placing the same order with several suppliers and closing the deal with the supplier that delivered the order first. As noted in the Cisco Systems Case Study‚ due to this practice‚ an order for 10‚000 routers simulated demand for 30‚000 machines. Cisco’s sales force failed
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of production plants into large‚ consolidated shipments delivered to customers. Also‚ big shipments from production plants are often broken into smaller shipments and arranged for local delivery. Break bulk shipments significantly reduce freight costs. In addition‚ warehouses allow production to be postponed or delayed until actual demand is certain. Once demand is determined in terms of product type and quantity‚ minor processing can quickly make final products available‚ reducing inventory requirements
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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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QUESTION 1 Why does L5 incur higher manufacturing and logistic costs than L6? In L5‚ the chassis (without motherboard installed) are shipped to the US first and followed by the motherboards being airfreight to the US as shown in Figure 6-4. This indicates a higher logistic cost from airfreight if motherboard is not manufactured in time to be shipped (via ocean) from China to US where motherboard is in need to be assembled with the empty chassis to satisfy surge demand. At the same time‚ if
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reorder point? e. What would be the average relative difference in holding cost when the drugstore switches from the policy provided by the answer in part c to the policy provided by the answer in part d? 2. Suppose you are a trader in the vegetable and fruit business and you want to buy fresh tomatoes. A box of tomatoes costs $0.40 and you sell it for $1.20. When a customer observes a stock out‚ the customer is likely to change to a competitor‚ which results in a loss of goodwill that is quantified
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iDesigning and Managing the Supply Chain David Simchi-Levi Philip Kaminsky Edith Simchi-Levi Solutions for Discussion Questions1 Kerem B¨lb¨l u u 1 We would like to thank Shiming Deng for his valuable contributions to the preparation of this manual. Chapter 1 Introduction to Supply Chain Management Discussion Questions Question 1 Pick any car model manufactured by a domestic auto maker. For example‚ consider the 2002 Ford Thunderbird. a. The supply chain for a car typically includes
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each food. Burger Fried Rice Pizza Minimum Requirement Carbohydrates 4 3 3 12 Fat 3 2 3 8 Protein 4 4 2 20 Unit Price 5 4 3 Design a diet so as to satisfy the minimum requirement of the nutrients and minimize the total price to purchase the foods in the diet. (a) Formulate the diet problem as a linear programming model. (b) Solve the LP by Excel and obtain the sensitivity analysis report. (c) The seller of fried rice would like to increase his revenue by
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