1. Overall Inventory Turns Annual cost of goods sold (company info) average total inventory (12) 2. Raw Materials Inventory Turns (manufacturing companies only) Annual cost of raw materials purchased (3) average raw material inventory (13) 3. Work-in-Process Inventory Turns (manufacturing companies only) (Annual cost of raw materials purchased (3) + Annual cost of conversion (4)) average work in process inventory (14) 4. Finished Goods Inventory Turns Annual cost of goods sold (company
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WAREHOUSING IN SUPPLY CHAIN Introduction Warehousing is one of the most important and critical logistic activities in industrial and service systems. A few production philosophies‚ e.g. just in time (JIT) and lean manufacturing‚ propose and support the so-called ‘‘zero stock’’ as basic and strategic pillar. Also manufacturing requirement planning (MRP)‚ the well known and widely adopted ‘‘push-’’ based fullfilment technique‚ theoretically guarantees no storage quantities when the ‘‘lot
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individual functions to integrating activities into key supply chain processes. An example scenario: the purchasing department places orders as requirements become known. The marketing department‚ responding to customer demand‚ communicates with several distributors and retailers as it attempts to determine ways to satisfy this demand. Information shared between supply chain partners can only be fully leveraged through process integration. Supply chain business process integration involves collaborative
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1. What are the ways that Inditex ensures that “fast fashion” is truly fast? Inditex ensures that its fashion is fast through its supply chain efforts. They have created new methods to enable store managers to order and display merchandise faster and added cargo routes for shipping goods. The company ships clothing straight from the factory to stores and makes two-thirds of its goods in Spain and nearby countries‚ compared to most competitors who manufacture most of their clothing in Asia. Inditex
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Advisory Demystifying supply chain finance* Insights into the what‚ why‚ how‚ where and who Table of contents The heart of the matter The emerging Supply Chain Finance (SCF) tool set. An in-depth discussion 2 SCF—what it is‚ why it’s important‚ and how it works. What this means for your business 4 Reaping the end-to-end benefits available through effectively managed SCF solutions. 10 March 2009 The heart of the matter The emerging Supply Chain Finance (SCF) tool
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Supply Chain Management transformation is a strategic imperative for any manufacturer. This process is very importance because it sees all suppliers and customers as part of one complex supply chain network and understands that transforming that supply chain into a synchronized chain is the primary goal. Supply chain management transformation provides fast access to relevant and accurate information. This timely supply chain information can pay off handsomely in lower costs‚ less inventory‚ improved
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“The Evolution of Supply Chain Management in Retail Sector of Tesco and Analytical Study for the Period of 2005-2011” Chapter One: Introduction 1.1 Introduction Supply chain as a whole can be seen as the flow of water in a river: organizations located closer to the original source of supply are described as being ’upstream ’‚ while those located closer to the end customer are ’downstream ’. The flow of the whole river is being concerned. In other words‚ supply chain is a network‚ which
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Sustainable supply chain management across the UK private sector Helen Walker Cardiff Business School‚ Cardiff University‚ Cardiff‚ UK‚ and Neil Jones Alliance Boots‚ Nottingham‚ UK Abstract Purpose – Increasingly‚ private sector companies are aiming to buy and supply products and services in a sustainable way‚ termed “sustainable supply chain management” (sustainable SCM)‚ using purchasing and supply to reduce negative impacts on the environment‚ economy and society. There is often a gap
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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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Chapter 2 Supply Chain Performance: Achieving Strategic Fit and Scope True/False 1. A company’s competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. Answer: Difficulty: Easy 2. The value chain emphasizes the close relationship between all the functional strategies within a company. Answer: Difficulty: Moderate 3. A company’s product development strategy defines the set of customer needs that it seeks to satisfy through its
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