for examination 1. Which of the following statements is correct? A. Recent trends such as lean manufacturing and offshoring decrease the level of risk in the supply chain. B. Accurate forecasting techniques solve most supply chain problems. C. Many retailers observe that inventory levels fluctuate considerably across a supply chain. D. In general‚ the total inventory costs are higher than the total transportation costs in the overall logistics costs for a country. 2. There can be many reasons
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challenges that a company may experience with a global supply chain. Introduction Businesses and supply chains have become substantiality global over the last decade. Between 1995 and 2007‚ the number of transnational companies has more than doubled from 38‚000 to 79‚000 and foreign subsidiaries have nearly tripled‚ from 265‚000 to 790‚000. (Ref: IBM report “the smarter supply chain of the future”) In addition to spreading geographically‚ supply chains now involve more companies. Nearly 80% of
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Supply chain Supply chain is the process under which products are created and deliver to customers. it refers to complex network of relationship that organization maintains with its trading partners to source manufacture and deliver products. E-SCM refers in particulars in management of supply chain using internet technologies-SCM facilitate the removal of purchase orders‚ deliver confirmation bills of material and invoice. The switch over/switch away from paper can also speed up the response and
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Introduction Supply chain management‚ which involves inventory management‚ cost reduction‚ transportation‚ configure the distribution network‚ strategies development for product distribution‚ aims to improve the efficient and effective in the production activities. With better improvement in managing the current resources to operate profitability‚ and to minimize the inventory costs and reach the demands from market. Through the upstream and downstream linkages‚ different products and service which
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Supply Chain Management 1 What is supply chain management? A Supply Chain is a collection of organizations involved in the supply of products or services. Supply chain management is the management of the interconnection of organizations that relate to each other through upstream and downstream linkages between the processes that produce value to the ultimate consumer in the form of products and services. It is a holistic approach to managing across company boundaries. 2 Supply chain planning and
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questions as facility location and sizing | | | a. They support tactical planning efforts by allocating "fixed" logistics capacity | | | d. They store goods and move them | | | c. They initiate and control the movement of materials between supply chain partners | 1.5 points Question 2 1. ------------------------------------------------- In the San Diego distribution center (DC) information flow example‚ dealers not being notified automatically of order status would be classified as which
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should be judged according to five criteria: relevance‚ accuracy‚ timeliness‚ clarity‚ and visibility. Deficiencies in any of these areas will weaken the decisionmaking process. Ensuring the quality of information is critical for effective supply chain management. Unfortunately‚ the complexity of the task intimidates many companies into settling for inefficiencies and inaccuracies. As a result‚ decisions are based on Key Performance Indicators (KPIs) that can be ambiguous‚ imprecise or even incorrect
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Overview of case studies: Singapore Case study: NTUC FairPrice Mrs. Susan Chong Director Special Projects SPRING SG Summary • Example of application of the ISO methodology – NTUC FairPrice: Supermarket retailer • Credits – SPRING Singapore Project team: Ms. Susan Chong‚ Director‚ Special Projects‚ Mr. Phua Kim-Chua‚ Head‚ Standards Division – Information Technology Standards Committee‚ Singapore: Ms. Ho Buaey Qui‚ Executive Secretary – Nanyang Technological University‚ Ms. Pauline Ping Ting
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A. Analyze whether a Keiretsu network‚ a virtual company‚ a vertical integration‚ or a different supply chain strategy should be adopted. A Keiretsu network is a network of businesses that own stakes in one another as a means of mutual security‚ especially in Japan‚ and usually including large manufacturers and their suppliers of raw materials and components. There are two types of keiretsu: vertical and horizontal. Vertical keiretsu illustrates the organization and relationships within a company
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Q4. How can accountability be better managed in long‚ global supply chains? Accountability “Accountability traditionally meant writing favourable terms into a contract‚ monitoring vendor performance and then working with the supplier to uphold its obligations” (www.ey.com) While these terms are very important‚ leading organisations have found that in the supply chain‚ every sector needs to be addressed and accountability must be incorporated into every level‚ from supplier to customer. Negotiating
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