...I. Introduction SCM Globe is a supply chain game designed to teach concepts in supply chain design, demand forecasting, resource allocation, and production planning by the use of illustrating how different supply chain designs produce different operating results and explore how to manage those results. The game is performed in a real-time setting that allows for helping to create a supply chain that meet customer demands for products with the lowest operating costs and lowest inventory levels. The simulation gives students an opportunity to design and manage the supply chain of stores that sell Crunch Candy and Just Born Candy. During the simulation experience, students create products, facilities, vehicles and routes while attempting to control delivery frequency and forecast demand. To manage the collaborative supply chain successfully, students must create a supply chain that is flexible enough to react quickly to fluctuating demand. This is accomplished by defining products according to the needs of facilities and creating vehicles to move products between these facilities i.e. road, rail, air or water. A simulation is conducted that provides data showing where the operation breaks, where products accumulate or runs out, what your operating cost are etc. The simulation is repeated over an eight week period allowing students an opportunity to refine their decision processes after learning from the feedback they receive as a result of attempting to have the system...
Words: 2027 - Pages: 9
...ISCOM 374 Entire Course For more course tutorials visit www.tutorialrank.com ISCOM 374 Week 1 DQs ISCOM 374 Week 1 Individual Assignment Logistics and Supply Chain Article Analysis ISCOM 374 Week 2 Learning Team Assignment Strategic Logistics Report ISCOM 374 Week 2 DQs ISCOM 374 Week 3 Individual Assignment Product versus Service Supply Chain Comparison Paper ISCOM 374 Week 3 Learning Team Assignment Forecasting and Inventory Analysis Paper ISCOM 374 Week 3 DQs ISCOM 374 Week 4 Materials Handling Packaging Field Research Report ISCOM 374 Week 4 Logistics Press Release ISCOM 374 Week 4 DQs ISCOM 374 Week 5 Learning Team Assignment Global Considerations Report ---------------------------------------------------------------- ISCOM 374 Final Exam Test- Use As Study Material For more course tutorials visit www.tutorialrank.com ISCOM 374 Final Exam / Test- Use As Study Material ---------------------------------------------------------------- ISCOM 374 Week 1 DQs For more course tutorials visit www.tutorialrank.com ISCOM 374 Week 1 DQs DQ 1 Pick one article from the course Electronic Reserve Readings (ERR) available in the Course Materials for Week 1. Summarize the main points of either the entire article if it is short or one section of a longer article. Provide your classmates with a concrete discussion of why what you learned is important relative to this week’s learning objectives. Did you learn anything that you could apply some...
Words: 881 - Pages: 4
...10 SUPPLY CHAIN MANAGEMENT Teaching Notes This chapter introduces the concept of supply chain, its management, performance measures and improvement approaches. As an extension of the systems point of view, the system dynamics inherent in the supply chain are illustrated and the coordination in the supply chain is emphasized. Five areas where measurement of supply chain performance should be made are discussed. The five areas are on-time delivery, quality, time (business cycle) total delivered cost and flexibility. Supply chain strategies including functional or innovative strategies are described with examples. The basic ways to improve supply chains by changing structure or infrastructure are illustrated. The chapter ends with a discussion of e-business, e-procurement, and virtual supply chains. In teaching the chapter, it is helpful to illustrate the systems interactions in a supply chain and show how supply chain performance can be measured and improved through the use of concrete examples. The references by Lee (1995, 2004), Schonberger (1996), Fisher (1997), Badoc (2001), and Baliga (2001) will be useful in preparing lectures. Answers to Questions 1. Supply chain management is planning, design and control of the flow of information and materials along the supply chain in order to meet customer requirements in an efficient manner, now and in the future. Demand management is managing the demand for goods or services along the supply chain...
Words: 1909 - Pages: 8
...ISCOM 374 Entire Course For more course tutorials visit www.tutorialrank.com ISCOM 374 Week 1 DQs ISCOM 374 Week 1 Individual Assignment Logistics and Supply Chain Article Analysis ISCOM 374 Week 2 Learning Team Assignment Strategic Logistics Report ISCOM 374 Week 2 DQs ISCOM 374 Week 3 Individual Assignment Product versus Service Supply Chain Comparison Paper ISCOM 374 Week 3 Learning Team Assignment Forecasting and Inventory Analysis Paper ISCOM 374 Week 3 DQs ISCOM 374 Week 4 Materials Handling Packaging Field Research Report ISCOM 374 Week 4 Logistics Press Release ISCOM 374 Week 4 DQs ISCOM 374 Week 5 Learning Team Assignment Global Considerations Report ------------------------------------------------------------------------------------ ISCOM 374 Final Exam Test- Use As Study Material For more course tutorials visit www.tutorialrank.com ISCOM 374 Final Exam / Test- Use As Study Material ------------------------------------------------------------------------------------ ISCOM 374 Week 1 DQs For more course tutorials visit www.tutorialrank.com ISCOM 374 Week 1 DQs DQ 1 Pick one article from the course Electronic Reserve Readings (ERR) available in the Course Materials for Week 1. Summarize the main points of either the entire article if it is short or one section of a longer article. Provide your classmates with a concrete discussion of why what you learned is important relative to this week’s learning objectives. Did you learn...
Words: 1633 - Pages: 7
...but Miliken has an 18 week lead time and that prevents it from timely resupplying the more popular designs at the retail stores. This would not do because by the time Miliken is able to resupply the more popular designs, two or more style seasons would have already gone by and the supplies manufactured would be out of season. The company would have also missed the two or three style seasons that have already gone by. The only way to resolve this issue is to reduce the lead time by 15 weeks to being only 3 weeks lead time. To the left is a chart of the flows of product, information, and financial settlements between Miliken, apparel shops design & manufacture apparel, department store chain headquarters & distribution centers, and the retail stores. As you can see, there is two way communication between each part of the supply chain that is next to one another but not up or down the chain, for example; the retails stores and the department headquarters communicate but the retail stores do not communicate with Miliken or the apparel shops design and manufacturing apparel centers. Customers make purchases at the retail stores and when the retail stores are out of stock, they communicate that information to the headquarters & distribution centers, which then communicate the information to the apparel shops design & manufacturing apparel centers, and then lastly, that gets communicated to Miliken so it can produce more of the popular items. Thus, the 18 week long lead time for resupplying...
Words: 674 - Pages: 3
...resources of a firm to outside vendors is __________. Outsourcing The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is outsourcing. Outsourcing is the term used to describe the decision to move any aspect of a firm's operation to an outside vendor. This is frequently done by businesses that want to focus on areas of the business directly tied to their central operation and competitive advantage. Any task that falls outside of central operations can be outsourced. Make-or-buy decisions are focused on helping a business understand whether it is more advantageous to buy a particular part or product from an outside vendor or to produce the part themselves. Keiretsu is a type of supply-chain strategy that focuses on integrating the two strategies of building relationships with a few suppliers and vertical integration. As with traditional make-or-buy decisions, Keiretsu does include purchasing goods from suppliers. However, make-or-buy decisions and Keiretsu would not typically be considered a type of outsourcing. 2. Keeping a product generic as long as possible before customizing is known as __________. postponement Keeping a product generic as long as possible before customizing is known as postponement. This process is very useful when making somewhat generic products (like computers, printers, televisions, etc.). While the external features of these devices will be different, the primary mechanisms that make each...
Words: 3064 - Pages: 13
...1 Supply chain: the facilities, functions, and activities that are involved in producing and delivering a product or service from suppliers to the end customer. focusing on integrating and managing the flow of goods, services, and information through the supply chain in order to make it responsive to customer needs while lowering total costs. Supply chain management: Supply chain strategy: designing a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy. 2 The goal is to reduce costs as well as increase performance which 3 can be accomplished by better forecasting, inventory management, operations planning and scheduling, and resource planning. Dynamic sales volumes Customer service levels Service/product proliferation •One of the most costly operating aspects of supply chains is trying to meet the needs of volatile sales volumes. •Involves excessive inventories, underutilized personnel, expensive delivery options to meet customer demands on time. •Questions such as “What service level should be guaranteed?” or “How speedy must our deliveries be?” need collaborative discussion from the sales, marketing, and finance groups. •The answers will affect on the design of the supply chain, particularly its points of supply and the choice of suppliers. •The sales and marketing groups can create new services or products because they are closely in touch with customers and their needs. 4 5 Capital investments in machinery...
Words: 897 - Pages: 4
...opleiding Leading and Managing Supply Chains Module Code: MLMLMS112 Module Supervisor: P Cadovius Date of Publication: 1-09-2014 Academic Year: 2014 - 2015 Study load: 3 EC Master in Logistics Management Program Leading and Managing Supply Chains Module Code: MLMLMS112 Module Supervisor: P Cadovius Date of Publication: 1-09-2014 Academic Year: 2014 - 2015 Study load: 3 EC Master in Logistics Management Program Table of Contents 1 Educational content 3 1.1 Short outline module 3 1.2 This module contributes to the competency/cies: 3 1.3 Context / interconnection 3 1.3.1 Learning Tracks 3 1.3.2 Relation with other modules/subjects 3 1.4 Entry requirements 3 1.4.1 Starting Level 3 1.4.2 Conditions 3 1.5 Learning outcomes 3 1.6 Compliance 5 2 Assessment 9 2.1 The assignment 9 2.2 Product 11 2.3 Test criteria 11 2.4 Assessment procedure 12 2.4.1 Assessment Methods 12 2.4.2 Fraud & plagiarism 12 3 Working method and support 12 3.1 Module information 12 3.2 Practical information 12 3.3 Teaching method and coaching 13 3.4 Programming and Planning 14 3.5 Literature 16 3.6 Complaints 16 4 Appendices 17 MLM Block 3 19 Educational content Short outline module Leading and Managing Supply Chains is designed to provide students with in-depth knowledge and understanding of the skills, processes and techniques used to coordinate activities across the supply chain to support the achievement...
Words: 5418 - Pages: 22
...440 WEEKLY ASSIGNMENTS for WEEKS 1-6 IMPORTANT NOTE: Look ahead to the final assignment/project for the course due in Week 6 and get started on it early! You should work on the project weekly even though you don’t have to submit weekly assignments for the project. Some weeks in the course have only one written assignment to give you additional time to work on the project due in Week 6; please use this time wisely. Week 1 Assignments NOTE: The reading and viewing materials can be found in the LibGuide on Blackboard for this course. Read each of the following articles. * The Evolution and future of logistics and supply chain management - Ballou, Ronald. European Business Review19. 4 (2007): 332-348 DOI 10.1108/09555340710760152 * Logistics and supply chain management applications within a global context: An overview - Schoenherr, Tobias Journal of Business Logistics30. 2 (2009): 1-VII * Strategic supply chain management: Improving performance through a culture of competitiveness and knowledge development - Hult, G. Tomas M.; Ketchen, David J.; Arrfelt, Mathias Strategic Management Journal, Oct2007, Vol. 28 Issue 10, p1035-1052 * Supply chain management and its relationship to logistics, marketing, production, and operations management - Mentzer, John T; Stank, Theodore P; Esper, Terry L. Journal of Business Logistics29. 1 (2008): 31-VII * Supply chain management and retailing. - Sparks, Leigh Supply Chain Forum: International Journal...
Words: 4116 - Pages: 17
...IEM 5763 Supply Chain Strategy Course Syllabus – Spring 2016 |Instructor |Teaching Assistant | |Dr. Tieming Liu |Mr. Hrishikesh Kardile | |Office: 318C EN |Office: 308 EN | |Phone: 744-6055 |Phone: 835-7428 | |E-mail: tieming.liu@okstate.edu |E-mail: hrishikesh.kardile@okstate.edu | |Office Hours: Thursday 2:00-3:00 PM. |Office Hours: M/W 9:30 – 10:30 AM | Objectives and Outcomes: To develop modeling skills and to provide new concepts and problem-solving tools, applicable to the design and planning of supply chains. Upon completion of the class, students will understand how to design and implement supply chain strategies in multi-national supply chains that work under dynamic market conditions including: • Strategic issues in supply chain management • Supply chain designs based on products and markets • How to measure supply chain performance • Where...
Words: 1295 - Pages: 6
...Work in Process | Frames | 6,000 | | Drawers | 4,000 | | Panels | 30,000 | | Chests | 13,200 | | Tables | 8,100 | Finished Goods | Chests | 150,000 | | Coffee Tables | 70,000 | Total | | 363,800 | Inventory turns = 3,700,000/363,800 = 10.2 Days of supply ------------------------------------------------- 363,800 (3,700,000)/(365) = 35.9 10-6 Delph Manufacturing Company Supplier 1 Raw Materials | $ 275,000 | Work in Process | 62,000 | Finished Goods | 33,000 | Total | 370,000 | Inventory turns = 8,360,000/370,000 = 22.6 Weeks of supply ------------------------------------------------- 370,000 (8,360,000)/(52) = 2.3 weeks Supplier 2 Raw Materials | $ 870,000 | Work in Process | 550,000 | Finished Goods | 180,000 | Total | 1,600,000 | Inventory turns = 14,800,000/1,600,000 = 9.3 Weeks of supply ------------------------------------------------- 1,600,000 (14,800,000)/(52) = 5.6 weeks Supplier 1 has the best supply chain performance according to inventory turns and weeks of supply. The company might also consider different suppliers SCORcards and/or metrics in comparison with one another. 11-14 “For some manufacturing companies, transportation costs can be as much as 20% of total production costs and run as high as 6% of revenue. For some retail companies primarily involved in the distribution of goods, like L.L. Bean and Amazon.com, transportation is not only a major...
Words: 790 - Pages: 4
...Executive Summary Barilla SpA, as one of Italy’s refined pasta supplier, they have come a long way in developing a renowned brand for its pasta and produce. Their supply chain and manufacturing process is heavily vertical integrated. However, recently, they are facing a number of difficult challenges and obstacles in order to meet the demand needs from its customer. There are a number of constraints in the operation process that has limited the amount of information- forecast data being flow through from the end-user consumer throughout the supply chain network and I believe that there is also a disconnection between the sales and the logistic operation. The proposed JITD system not only will increase the inventory flow between plants and distribution centre but also able to meet demand needs. They ought to address this to our distributors and to our sale staffs and list out the benefit that they can achieve as an overall. Moreover, Barilla will require to better forecast their sales and in times when there are promotions, their sales representative should work closely with their customer and communicate that information ahead of time to our supply chain logistic team such that proper allocation of resources and materials can be address. My decision is recommend hiring two Supply Chain Analysts who will act as a liaison between the sales and the DCs, where ones deal with the Northern DCs and the other tackle the Southern DCs. They will gather information and forecast...
Words: 2362 - Pages: 10
...Devry GSCM 206 Complete Course-Latest 2015 December (All Discussions, All Case , Week 3 And 5 Quizes And Final) IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-GSCM-206-Complete-Course-Latest-2015-December-11204585.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Devry GSCM206 Week 1 Discussion DQ 1 & DQ 2 Latest 2015 November DQ 1 What is operations and supply chain management? What career opportunities would you be interested in pursuing in the field of operations and supply chain management? DQ 2 How do operations and supply chain processes provide a competitive advantage in the global arena? How is a firm’s mission related to its strategy? Devry GSCM206 Week 2 Discussion DQ 1 & DQ 2 Latest 2015 November DQ 1 How can forecasting improve your operations and supply chain processes? What are the differences between independent and dependent demand? DQ 2 How important are the product design and the voice of the customer? How important are the product design and the voice of the customer during a new product development? What is the impact of the product life cycle on managing the supply chain? Devry GSCM206 Week 3 Discussion DQ 1 & DQ 2 Latest 2015 November DQ 1 Identify management’s role in linking operations and supply chain processes with quality improvement. Identify how improving quality can lead to reduced costs. DQ 2 Consider...
Words: 2983 - Pages: 12
...Task 3 A. Recommend, with sufficient support, the adoption of one of the following strategies by the power tool company: a Keiretsu network, a virtual company, a vertical integration, or a different supply chain strategy. An efficient supply chain is fundamental to the success of any organization. The expense of the supply chain is usually an organizations largest cost therefore implementing a strategy that effectively minimizes costs while maintaining product quality is an effective way to increase profits. The best way to minimize costs and maximize product quality is to adopt a lean operations strategy that includes just in time (JIT) initiatives. Central to the JIT technique is continuous problem solving. JIT requires that items and materials are ordered only when needed minimizing inventory. When inventory is minimized wasted costs in layout, quality, and procurement are easily spotted and immediately dealt with. With JIT very few suppliers are chosen creating large commitments to the organization. The suppliers should also use JIT and offer their expertise in design and quality control to the supply chain. Since the owners of the power tool company are willing to own or invest in any component of the supply chain I would recommend they initiate a Keiretsu. A Keiretsu is a company coalition which includes few key suppliers and secondary suppliers. The power tool company would support key members of the Keiretsu through ownership or loans. The suppliers...
Words: 2877 - Pages: 12
...loops and stocks and flows to study complex and non-linear systems. Dynamics of the system contain quantities that vary over time. There are several laws of Fifth Discipline showing how system dynamic works. 1) For every action, there is a reaction. It is self-proofed in the beer game. Every order has to be fulfilled, either in the current week (if enough stock is available) or in one of the next weeks (items go on backorder). 2) Short-term improvements often lead to long term difficulties. In the beer game, it’s always a tradeoff between fulfilling demand and minimizing cost. Timely delivery calls for enough inventory, while cumulative inventory results in climbing inventory cost, due to more people to handle the beer and more storage space, and there is also a possibility that the beer will be left in your inventory when the total period is over or the redundant beer might go bad since it cannot be kept long. 3) Cause and effect are not necessary closely related, either in time or in space. Sometimes solutions implemented here and now will have impacts far away at a much later time. In the beer game, it is not possible for any one component of the system to be immediately aware of the actions and needs of all other organizational components. A change of strategy for ordering can lead to a better condition, though may not be real-time. 4) The entirety of an issue is often more than the simple aggregation of the components of the issue. This is fundamental to understand...
Words: 1255 - Pages: 6
