NEWSVENDOR MODEL Too Much/Too Little Problem Maximize Expected Profit STEP 1: overage/underage costs Co = overage cost per unit Co = Variable Cost – Salvage value Cu = underage cost per unit Cu = Price – Cost (+ Future Cost) STEP 2: Find Critical Ratio F(Q*) = Probability demand < Q. Cu /Cu+ C0 = critical ratio/srvc level STEP 3: Calculate z from table. φ(Ζ) = Critical ratio STEP 4: Calculate Q* = optimal order quantity Ζ= from above (table) μ = mean σ = standard
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Project Report Supply Chain Management Project Report Supply Chain Management ------------------------------------------------- Team Members ------------------------------------------------- [Type a quote from the document or the summary of an interesting point. You can position the text box anywhere in the document. Use the Drawing Tools tab to change the formatting of the pull quote text box.] [Type a quote from the document or the summary of
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Direct Sales and Build-to-Order Model: Dell’s computers‚ workstations‚ and servers are built-to-order and none are produced for inventory purposes which clearly cuts Dell’s cost on inventory. Dell customers could order through their website or even via phone‚ custom-made servers and workstations based on the needs of their applications. For desktop and laptop‚ customers are able to order whatever configuration of microprocessor speed‚ random access memory (RAM)‚ hard-disk capacity‚ CD-ROM drive
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their customers across the world. The Coca-Cola Company uses an efficient‚ extensive network of distributors to reach retailers‚ and ultimately‚ their consumers‚ making their products available when and where customers want them. Map the Supply Chain Paper The Coca-Cola Company is America’s number one soda brand and has been consumer’s drink of choice for decades. Coca-Cola does not sell just for its great taste‚ but also for its effective marketing strategies and sustainability. According
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3 on Supply Chain Management http://www.supplychainbrain.com/archives/10.02.TaylorMade.htm?adcode=5 Read the TaylorMade case study till “Enabled by IT” Identify challenges and pain points in the current process of TaylorMade 1) TaylorMade was struggling in an industry with near-zero growth. Any improvement in sales had to come at the expense of its competition‚ which was more agile and efficient. 2) TaylorMade‚ meanwhile‚ had one of the most sluggish supply chains around. Total supply-chain reaction
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Risks in Global Supply Chain Project Thesis Submitted by Kashif Shabab Submitted to Professor Dr. Jan-Philipp Büchler Summer Semester 2011 / 2012 Table of contents 1 Introduction 6 2 Global Supply Chain 7 2.1 Supply chain management: schools of thought............................................................8 2.1.1 The functional chain awareness school……………
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Introduction Supply chains have expanded rapidly over the decades‚ with the aim to increase productivity‚ lower costs and fulfill demands in emerging markets. The increasing complexity in a supply chain hinders visibility and consequently reduces one’s control over the process. Cases of disruption such as the ones faced by Ericsson and Enron‚ have shown that a risk event occurring at one point of the supply chain can greatly affect other members‚ when the disruption is not properly controlled. Supply chain
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Fundamental challenge in food supply chain: 12 10. Validity of results: 13 11. Conclusion: 13 12. Reference: 14 1. Introduction: The term of supply chain refers to a sequence of events covering a product’s whole life cycle from conception to consumption. (Blanchard‚ 2010‚ p.3) Products start from materials travel through the whole supply chain; finally they are available on the shelves and purchased by end users. So the efficiency of the supply chain may have direct influence on final
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GLOBAL SUPPLY CHAIN MANAGEMENT FORUM CASE: GS-54 DATE: 05/2007 Stacy Duda‚ LaShawn James‚ Zeryn Mackwani‚ Raul Munoz‚ and David Volk prepared this case under the supervision of Professor Hau Lee as the basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Copyright © 2007 by the Board of Trustees of the Leland Stanford Junior University. All rights reserved. To order copies or request permission to reproduce materials
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Supply Chain Management at Nestle TABLE OF CONTENTS Summary 03 1: What is Supply Chain? Aspects and Management of Supply Chain 04 2: Why Sustainable Supply Chain is Important for a Good Business 06 3: Supply Chain Management at Nestle 07 4: Recommendations 09 5: Conclusion 10 References 12 Appendices 13 Summary The report aims at highlighting the meaning‚ importance and key aspects of supply chain management of any company
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