OM (Chapter 9)
Supply Chain Design
Supply Chain Design
Set of flashcards Details
| Flashcards | 9 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 13.05.2013 / 22.05.2013 |
| Weblink |
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Supply Chain Operations Reference Model (5 functions)
1. Plan (Developing a strategy)
2. Source (Güter anschaffen)
3. Make (Transforming g/s to finished state)
4. Deliver (Order, Transportation, Distribution)
5. Return (Customer Returns, excess goods)
push system
A push system produces goods in advance of customer demand using a forecast of sales and moves them through supply chain to points of sale where they are stored as finished goods inventory.
pull system
A pull system produces only what is needed at upstream stages in the supply chain in response to customer demand signals from downstream stages.
Postponement
Postponement is the process of delaying product customization until the product is closer to the customer at the end of the supply chain.
(REFRIGERATOR)
Reverse logistics
Reverse logistics refers to managing the flow of finished goods, materials, or components that may be unusable or discarded through the supply chain from customers toward either suppliers, distributors or manufacturers for the purpose of reuse, resale, or disposal.
bullwhip effect
The bullwhip effect results from order amplification in the supply chain: a phenomenon that occurs when each member of a supply chain “orders up” to buffer its own inventory.
Vendor managed inventory (VMI) (advantages+disadvantages)
Vendor managed inventory (VMI) is where the vendor (a consumer goods manufacturer, for example) monitors and manages the inventory for the customer (a grocery store, for example).
Advantages: Optimize production operations, better control inventory and capacity, and reduce total supply chain costs and the bullwhip effect. Disadvantages: Often results in higher than necessary customer inventories.
Location Decisions are based on:
Economic (facility costs, operating costs, and transportation costs) Non-economic (labor availability, legal and political factors, community environment)
Location Decision Process
•Global location •Regional location •Community location •Local site location
