1. 0 Introduction to Supply Chain Management: 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. Below is an example of a
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failure: strategic or tactical Nike the world leader in sports apparel manufacturer with a market share of 32 percent and market cap at $20billion decided to implement i2 demand planning engine to manage its supply chain at a cost of $400million. It was supposed to help Nike with its supply chain and to reduce the lead time for the manufacturing of sneakers from nine months down to six. The i2 system worked on the principle of using the data from the previous sales figures and predicting the productions
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SCM – some definitions • Supply chain management (SCM) The coordination of all supply activities of an organization from its suppliers and partners to its customers. • Upstream supply chain Transactions between an organization and its suppliers and intermediaries‚ equivalent to buy-side e-commerce. • Downstream supply chain Transactions between an organization and its customers and intermediaries‚ equivalent to sell-side e-commerce. Members of the supply chain (a) simplified view (b) including
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Can Numbers manage the Supply chain better? Let’s see. You are home after a long tiresome flight and now discovered that you got the wrong baggage from Airport. How do you feel? ; Or ever seen a situation during guest lecture‚ when the anchor has already welcomed the guest and the presenter is searching for the bouquet to greet him? ; Target of Supply chain management is reaching the right consumer at right time with right quality and addressing both Demand side & Supply side uncertainties. One
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effective? 1. (40%) Bullwhip a) (10%) Why bullwhip occurs in a supply chain? b) (15%) Does that contradict with the risk pooling in terms of variability? Explain. c) (15%) Can the bullwhip be alleviated if the number of levels for the supply chain is reduced (e.g. eliminate the distributors)? If so‚ why don’t we just keep the supply chain as flat as possible (i.e. reduce the number of the levels required in the supply chain as much as possible)? 2. (60%) Case: “The Great Inventory Correction”
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Right to the core | Official CIPS Magazine – Supply Management Page 1 of 9 The purchasing and supply website Right to the core 27 May 2010 | Richard Brass Tyrannical‚ secretive - and a huge success. Richard Brass investigates how Apple devised the ultimate supply chain In each of the past two years‚ AMR Research has named Apple’s supply chain the best in the world. Its operation‚ the supply chain consultancy says‚ marks “an epic shift away from the 20th-century production-efficiency mentality
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Supply Chain relationships and Supply Chain dynamics are topics that are closely related to each other. A discussed in Russell and Taylor (pgs. 426-427)‚ the bullwhip effect is a prevalent dynamic in supply chain management. Methods to decrease the bullwhip effect include: increased information sharing and coordinated forecasting. As has been noted before‚ the clothing company Zara is a good example of a well-designed supply chain system. Zara has been able to successfully keep information flow
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13 Supply chain management Project Blue Sky Produce Ltd (BSP) Hermela Woldemariam EAC1211733 Content 1. Introduction………………………………………………….3 2. Supply chain system ………………………………………5 3. Order entry …………………………………………………..6 4. Supplier notification ………………………………………..7 5. Supplier conformation………………………………………7 6. Raw Material delivery ……………………………………….7 7. Assembly……………………………………………………..8 8. Delivery……………………………………………………….8 9. Operation Management …………………………………...;9
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organization‚ and every company at least one supply chain relationship with another organization. Research has led to the conclusion that "the structure of activities within and between companies is a critical cornerstone of creating unique and superior supply chain performance" (Lambert‚ 2005). Successful supply chain management requires integrating business processes with key members of the supply chain‚ because valuable resources are wasted when supply chains are not effectively managed. Standard business
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Supply Chain Paper Jasmine Coney MKT/421 September 29‚ 2014 Andrea Benjamin Supply Chain Paper Supply chain logistics are an essential element of the world economic system. Goods can be exchanged from numerous global corporations‚ with a form of value accumulating at each additional stage. A supply chain can be described as “the complete set of firms and facilities and logistic activities that are involved in producing materials‚ transforming them into intermediate or
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