what is supply chain management? Supply Chain Management is the strategic management and coordination of all traditional business functions within the supply chain‚ with the goal of increasing long-term performance and striving for customer satisfaction at the end point of delivery. Supply Chain Management is a cross-function approach that includes managing the movement of raw materials into the organisation‚ internal processing of materials into finished products‚ and the movement of finished
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Business Services White Paper Supply Chain Risk Management: A Delicate Balancing Act A multi-faceted view on managing risk in a globally integrated enterprise Risk Management IBM Global Business Services Page Table of Contents Risk and Consequence: Tales from the Industry Supply Chain Risk Categories Disruptive Events‚ Uncertainty and Impact Models and Methods for Supply Chain Risk Management Example of Risk Management for IBM’s Product Supply Chains An Approach for Measuring the
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informs Vol. 34‚ No. 3‚ May–June 2004‚ pp. 191–205 issn 0092-2102 eissn 1526-551X 04 3403 0191 ® doi 10.1287/inte.1030.0068 © 2004 INFORMS Inventory Decisions in Dell’s Supply Chain Roman Kapuscinski University of Michigan Business School‚ Ann Arbor‚ Michigan 48109‚ roman.kapuscinski@umich.edu Rachel Q. Zhang Johnson Graduate School of Management‚ Cornell University‚ Ithaca‚ New York 14853‚ rqz2@cornell.edu Paul Carbonneau McKinsey & Company‚ 3 Landmark Square‚ Stamford
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ZARA"Compare and Contrast the approaches taken by H&M‚ Benetton and Zara to managing their supply chains". Design Brand | Method | H & M | Mainly in-house designers who design garments to a price point to produce designer garments at a reasonable price. Pattern designers are an important part of the process due to all garments being manufactured by third parties. | Zara | Separate the design into three market segments‚ Women’s‚ Men’s and Children’s lines. Each segment has it’s
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The Toyota Way and Supply Chain Management Jeffrey K. Liker Professor‚ Industrial and Operations Engineering The University of Michigan and Principal‚ Optiprise‚ Inc. Presentation for OESA Lean to Survive Program 2005 © Copyright Jeffrey Liker 2/14/2005Lean Enterprise Excellence Building Page 1 Supplier Gap: Toyota vs Big-3 Supplier Improvement‚ 1990-96 Defects (parts per million) Sales/Direct Employee Inventories/Sales U.S. OEM (Chrysler‚ Ford‚ GM) -47% +1% -6% Toyota -84% +36% -35%
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highly competitive situation in order to survive; Supply Chain Management (SCM) becoming the main topic for improving efficiency and satisfy customer’s need. The supply chain of a company consists of different departments‚ ranging from procurement of materials to customer service. Supply chain management means transforming a company’s “supply chain” into an optimally efficient‚ customer-satisfying process‚ where the effectively of the whole supply chain is more important than the effectiveness of each
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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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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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World Customs Journal SUPPLY CHAIN SECURITY: THE CUSTOMS COMMUNITY’S RESPONSE Kunio Mikuriya Abstract The international customs community has developed measures to secure and facilitate global trade which have been transformed into international standards for global implementation. These standards are designed to improve customs operations through enhanced risk management that is built upon Customs-to-Customs cooperation and Customs-to-Business partnerships. The standards are supported
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Chapter 4 Supply Chain Study Guide Sustainable Sourcing Green Purchasing Practice aimed at ensuring that purchased products or materials meet environmental objectives of the organization Waste reduction‚ hazardous material elimination‚ recycling‚ manufacturing and material reuse Globally recognized Institute for Supply management- “making environmentally conscious decisions throughout the purchasing process‚ beginning with product and process design‚ and throughout product disposal” Sustainability
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