Winter Project Dec’ 2012 A Literature review on Risk in Supply Chain [pic] Under the Guidance of: Submitted by: Prof. P.K. Jha Sandeep Singh Dept. of Industrial Engineering & Management M.Tech 1st year IIT Kharagpur 12IM60R03 Risk in supply chain 1. What is Risk? Risk can be broadly defined as a chance of danger‚ damage‚ loss‚ injury or any other undesired consequences. A more scientific definition of risk was provided
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of best practices in supply chain strategies‚ with a focus on demand forecasting and collaborating information. Supply chain management is an area of importance. This paper is based on a survey of a large number of publications on supply chain management (books‚ conference papers and journal articles) for context and an industry expert interview. This literature review analyses the case study of a Taiwanese semi-conductor company‚ Tekcon to show its best practice supply chain strategy. The key objective
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INTRODUCTION A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials‚ transformation of these materials into intermediate and finished products‚ and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations‚ although the complexity of the chain may vary greatly from industry to industry and firm to firm. Supply chain management‚ then‚ is the active management of supply chain
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I would create an internal portal for reporting and monitoring the progress for managers and upper management. Every plan has some flaws‚ so if managers feel like they can collaborate on how to better execute SCM and make slight tweaks they will quickly get into team building mode. Overall Med-Tec doesn’t need to just create SCM‚ they need to breed the culture of SCM which will push out the “fad” mindset. 3. To analyze whether SCM is right thing to do for Med-Tech‚ Don could create the beginning
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1. Describe the type of supply chain used by 7-Eleven. For example are they agile‚ adaptable‚ aligned? 7-Eleven is the largest operator and franchisor of convenience stores in the world‚ with more than 46‚000 outlets and currently selling 500 million litres of petrol‚ $500 million of merchandise and serving almost 80 million customers worldwide. With figures like this‚ you have to wonder how they did it? Aside from the fact that the store operates 24 hours a day‚ 365 days a year and hence adhere
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What is your evaluation of the Total Supply Chain Cost (TSCC) program developed by Owens & Minor and Virginia Mason? * Virginia Mason Medical Center (VM) hired Owens & Minor (O&M) as its alpha vendor for medical/surgical supplies in 2004. At that time O&M was performing JIT and low unit measure services for VM. Together VM and O&M worked together to create a new supply chain process called the Total Supply Chain Cost (TSCC) pricing program. * TSCC was is an activity-based
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Department of Global Business and Transportation An An Introduction to Logistics and the Supply Chain Abstract Abstract Oft times I have found that students come into a course1 that assumes they have knowledge of logistics and the supply chain‚ but‚ in fact‚ lack that knowledge. This note helps to provide a bridge to those students and improve their chances of successfully completing the course. Applicable to the Following Courses TMGT 7200 MIS in Transportation TMGT 8510 System Design
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Abstract This assignment investigated knowledge of supply chain management in 3 main areas‚ which include quality management‚ innovation development and sustainability. The supply chains of mobile phone industry were studied in this assignment. It represents how to apply theories in class to real world business. The result of this assignment will be shown in the process map for proving that supply chains are not only concerned in one organization‚ but it was also liked to external organizations
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paced world a stringent Supply Chain Management (SCM) will always act as a competitive advantage and will be the key to what sets business apart in terms of financial performance. This is also further supported by Gunasekaran et al.‚ (2004) that SCM has been increasingly a major component of competitive strategy to improve organizational productivity and profitability. Therefore in order to respond to constantly changing customer preferences‚ an efficient and effective supply chain is a paramount to fulfil
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hi-tech supply chain managers are being tasked to manage risks to their supply chains in their increasingly competitive and innovative environments. This study proposes risk mitigation methodologies relevant to the hi-tech industry. The proposed risk methodologies are based on analysis of the supply-chain characteristics inherent to the hi-tech industry‚ vulnerabilities in the upstream and downstream hi-tech supply chain and successful steps taken by hi-tech firms in response to supply chain disruptions
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