...Date: | December 2, 2014 | To: | VP of Operations of Supply Chain Management, Jacobs Industries | From: | Supply Chain Game Group: frontrow | Subject: | Executive Summary for Jacobs Industries | Introduction Business Situation Jacobs Industries is faced with a difficult challenge in the development of an efficient and profitable supply chain strategy. Jacobs Industries produces an industrial chemical, more specifically a foam chemical, which can be used to produce very efficient thermal and acoustic insulators. Because of these insulator properties we have started to market to manufacturers of air conditioner retrofit kits, a highly variable demand market. In addition to the complexities associated with forecast and inventory planning, Jacob’s Industries is involved in a very competitive market. If Jacobs cannot meet certain orders or inventory levels to meet demand our potential customers can easily buy from competitors. To accommodate this competitive market Jacobs must develop a supply chain strategy that is efficient in production and delivery to reach this high level, seasonal and level demand. Many supply chain choices and assessments encompassed our key operational decisions. The first important supply chain decision involved the calculation of an appropriate reorder point (ROP) and Economic Order Quantity (EOQ) for all the regions including Calopeia, Sorange, Entworpe, Tyran, and Fardo. Secondly, our team needed to decide on which regions...
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...First, this journal introduce what supply chain management is. Then, it has a research that study about the supply chain activities and integration, supply chain decision areas, information technology, and measuring supply chain performance. It has 7 research questions to examine. The following are the briefly version of the questions and answers. 1. What makes up the basic activities of supply chain management? Supply chain management includes five basic activities: planning and strategy formulation, sourcing, transformation process, delivery, and handling customer complaints and excess stocks. 2. How are these supply chain activities integrated? Get the various supply chain members to collaborate and work together. 3. What are the major decision areas related to supply chain management? Location, production, inventory, and transportation. 4. Are supply chains associated with sustainability? Green supply chains are associated with sustainability, that involve reducing waste, improving fuel efficiency of vehicles, telecommuting, eco-friendly packing materials, and energy-efficient facilities. 5. How does Information Technology play a role in supply chain management? It enables real-time, online communications throughout the supply chain. 6. How is supply chain management performance measured? It often measured by key performance indicators (KPIs). 7. How does Wal-Mart drive supply chain efficiency? Wal-Mart’s reduce their purchasing costs as much as...
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...What is the Right Supply Chain for your product? -Marshall Fisher Summary prepared by Sunny Bhambhwani for Great Lakes Institute of Management Chennai Need for the Right Supply chain Before judging the correct supply chain for your organisation, we first need to understand what a supply chain is. A supply chain is a system of moving a product/service from supplier to customer. It involves organisations, people, technology, resources and activities. Hence, a right supply chain would be the one that not only delivers the product/service to the customer, but also helps the producer match the demand of the product/service to his supply, thereby causing no excess or shortage of inventory. In the current competitive marketplace, a producer cannot afford to lose any customer due to unavailability of the product when the customer needs it, nor can he afford to bear excess cost for inventory surplus which might be unsold for a long time. Hence, deciding the right supply chain is of prime importance in the operational functioning of the organization. Types of products To judge the right supply chain, the producer first needs to identify his product as functional or innovative. A functional product is the one that generally satisfies basic needs, has a long life cycle and has a predictable demand. Basic commodities fall under this category. Due to the stability in the demand, competition is fierce for functional products and hence, producers tend to differentiate their product from...
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...SUPPLY CHAIN MANAGEMENT DESIGNATION PROGRAM MODULE THREE Logistics and Transportation ©Supply Chain Management Association Supply Chain Management Professional Designation Program Copyright © 2013 by the Supply Chain Management Association No part of this material in this manual may be reproduced without the prior written consent of the Supply Chain Management Association. 777 Bay Street, Suite 2701, P.O. Box 112, Toronto, Ontario M5G 2C8 Tel: (416) 977-7111 Fax: (416) 977-8886 Web Site: www.scmanational.ca. Use of this material is restricted to SCMA and its Provincial/Territorial Institutes for the express purpose of delivering the Supply Chain Management Designation Program. No other use is authorized, expressed, or implied. This material must be used in its entirety. © Supply Chain Management Association Supply Chain Management Professional Designation Program Module Three Logistics and Transportation Information and Overview .................................................................................................... IO – 1 General Information ........................................................................................................ IO – 2 Module Overview ........................................................................................................... IO – 4 Module Readings ............................................................................................................ IO – 7 Session and Reading...
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...lOMoARcPSD Summary: Book " Purchasing and Supply Chain Management ", Arjan J. van Weele Purchasing Management (Maastricht University) Distributing prohibited | Downloaded by Paulina Gali?ska (p.s.galinska@gmail.com) lOMoARcPSD No one cares if you are fair or not. Use this summary, share it with you friends and good luck studying for your exam. Summary Purchasing and Supply Chain Management – Van Weele 6th Edition Jonas Heller Distributing prohibited | Downloaded by Paulina Gali?ska (p.s.galinska@gmail.com) lOMoARcPSD Summary: Purchasing and Supply Chain Management 10/19/14 TABLE OF CONTENT Chapter 1: The Role of Purchasing in the Value Chain ............................................................................................................... 5 The role of Purchasing and in the Value Chain (P.5) .............................................................................................................. 5 Main differences between buying for primary activities and buying for support activities (P. 7): ........................................ 6 Definition of the concepts (p.7) ............................................................................................................................................. 6 Importance of Purchasing to Business (P.12): ....................................................................................................................... 7 Classification of purchasing goods (p. 15):...
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...Summary of Case "We're pulling your line of credit." These five dreaded words are a nightmare come true for a business owner. Ms. From is faced with creating a strategy that will support the development and the improvement of greater supply chain management and business relationships. Bravado! Designs must have a greater supply chain competitive advantage which can only be obtained through the creation of a sound purchasing plan and improving the long-term performance of the company and its supply chain as a whole. Provide a brief summary of the case. The summary must be at least three complete sentences and no more than 10 sentences (100 words). Primary Issue or Concern Supply chain management issues are of great importance, especially when operating a global business. Bravodo! Designs is a Canadian company and the exchange rate of the US and the Canadian dollar could cause substantial supply chain management problems. Nevertheless, Ms. From has experience, a general knowledge of business and a Master's of Business Administration. As a result of her expertise and her ability to coordinate supply chain procedures for the purpose of adding value for customers, stakeholders, and Bravado! Designs. State the primary issue or concern with out repeating the summary information. The primary issue or concern must be at least two complete sentences and no more than 5 sentences (50 words). Answer Case Study Questions 1. Make...
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...module: Read the overview for Module 1 From the textbook, Operations management: Creating value along the supply chain (7th ed.), read the following chapters: Introduction to operations and supply chain management Project management From the Argosy University online library resources, read: Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120. (ProQuest Document ID: 215258436) http://search.proquest.com.libproxy.edmc.edu/docview/215258436?accountid=34899 Barney, J. B. (2001). Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view. Journal of Management, 27(6), 643–650. Retrieved from http://jom.sagepub.com.libproxy.edmc.edu/content/27/6/643.full.pdf+html Gopalakrishnan, S., Kessler, E. H., & Scillitoe, J. L. (2010). Navigating the innovation landscape: Past research, present practice, and future trends. Organization Management Journal, 7(4), 262–277. doi:10.1057/omj.2010.36 (ProQuest Document ID: 820961459) Long, L.D., Ohsato, A. (2008). Fuzzy critical chain method for project sheduling under resource constraints and uncertainty. International Journal of Project Management, 26(6), 688–698. Retrieved from http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://www.sciencedirect.com/science/article/pii/S0263786307001548 Assignment Summary: Module 1 Due Date Assignment 1: Opening Discussion—Introduction to Classmates and This Course Thursday...
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...OM 367: Strategic Supply Chain Management Professor Stephen M. Gilbert Classroom: CBA 4.348 Class Meeting Time: TTH 12:30-2:00 Office: CBA 3.424 Phone: 471-9456 (O) e-mail: steve.gilbert@mccombs.utexas.edu Mail Box: Dept. of IROM, CBA 5.202 Fax: 471-3937 (O) Office Hrs: T-TH 10:30-11:30, and by appt. COURSE DESCRIPTION Supply Chain Management involves the flows of materials and information among all of the firms that contribute value to a product, from the source of raw materials to end customers. We will integrate issues from marketing (channels of distribution), logistics, and operations management to develop a broad understanding of a supply chain. By taking a strategic perspective, we will focus on relatively long term decisions involving the investment in productive resources, configuration of processes, product designs, and development of parterships with suppliers and channels of distribution. Although the development of analytical tools is not one of the primary objectives of the course, students should be comfortable with quantitative analysis. By the end of the course, you should have developed an appreciation for the major strategic issues trade-offs in supply chain management as well as the ability to use conceptual frameworks to make decisions. TEACHING/LEARNING METHODOLOGY The detailed course outline starting on page 6 lists, for every class session, the reading(s), case(s), assignment(s), and anything else of importance. Please read this outline carefully...
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...Reflection Summary Gene Kimball, Rachel Diaz, Nikki Smith ECON/372 June 1, 2014 Spyridon Patton Reflection Summary A supply chain is the system of organizations, people, activities, information, and resources required to put a product or service in motion. Activities of the supply chain change natural resources, raw materials, and components into a final product that is delivered to the consumer or customer. In some supply chains; used products can come back into the supply chain in a recycling value. In other words a supply chain is when all of the parties involved are directly or indirectly working for customers. This includes transportation, warehouses, retailers and customers. All of this creates a dynamic and constant flow of information. Walmart is a good example of a supply chain. When a customer buys a product is has been in inventory at the warehouse, delivered by a truck by the manufacturer who deals with packaging and raw materials. Supply and demand is an economic model of price determination in a market. For example, in a competitive market, the unit price for a specific good will vary until it settles at a point where the quantity demanded by consumers, at current price, will equal the quantity supplied by producers, at current price. This results in economic equilibrium for price and quantity. The supply and demand is controlled by the demand of a product, which in turn creates supply. The model shows where the point determines prices and quantities...
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...developan exceptional supply chain? Many of the challenges in improving the supply chain come with all of theunknowns. Most companies produce products they think the consumer will want. Thenthey ship these products to the retail stores. The stores then try to sell the products thatare on their shelves to the customers. The supply chain shows down while they arefiguring out what to build. Then they work with suppliers to get the raw materials andcomponents for the products. The chain slows down more while they are building the products and shipping them to the stores. Then the supply chain is still slow while theywait for the products to sell and get paid. Supply Chain Management: An Analysis of Dell¶s Value ChainDell has used its direct sales and build-to-order model to create this exceptionsupply chain by integrating everything from the beginning to the end process. Dell starts by researching customer to find out what they want. As soon as an initial product isdesigned, Dell starts to market that product on the web-site. Dell does not start to produce any of the products until the customer tells Dell exactly what they want and paysfor the product. Only then does the procurement process start. Dell has improved thesupply chain to make it exceptional by integrating the suppliers. The suppliers have aWeb page which informs them of pending orders. This allows the suppliers to plan basedon actual demand. This sales model created an exceptional supply chain because thisintegration...
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...Reflection Summary Gene Kimball, Rachel Diaz, Nikki Smith ECON/372 June 1, 2014 Spyridon Patton Reflection Summary A supply chain is the system of organizations, people, activities, information, and resources required to put a product or service in motion. Activities of the supply chain change natural resources, raw materials, and components into a final product that is delivered to the consumer or customer. In some supply chains; used products can come back into the supply chain in a recycling value. In other words a supply chain is when all of the parties involved are directly or indirectly working for customers. This includes transportation, warehouses, retailers and customers. All of this creates a dynamic and constant flow of information. Walmart is a good example of a supply chain. When a customer buys a product is has been in inventory at the warehouse, delivered by a truck by the manufacturer who deals with packaging and raw materials. Supply and demand is an economic model of price determination in a market. For example, in a competitive market, the unit price for a specific good will vary until it settles at a point where the quantity demanded by consumers, at current price, will equal the quantity supplied by producers, at current price. This results in economic equilibrium for price and quantity. The supply and demand is controlled by the demand of a product, which in turn creates supply. The model shows where the point determines prices and quantities...
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...C A S E S T U D Y 9 LENOVO’S BRAND BUILDING STRATEGIE: TAKING THE COMPETITION TO COMPETITORS WITH “TRANSACTIONAL MODEL” Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • RecommendaKons Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • RecommendaKons Overview of Global PC Industry Global PC Industry • Since early 1980s, PC industry has been the most dynamic electronic industry sector • The global PC industry reached mature level by mid-‐1990s • Dell and Gateway starts their build-‐to-‐order strategies, resulted to the total supply chain respond swiTly to change • Emerge of e-‐commerce (online sales) hastened PC industry’s clock speed Overview of Global PC Industry • PC-‐makers enjoys high profits ...
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...This summary will discuss the four costs of quality and which cost I think supply chain quality would fall under. I will define what the functions of the supply chain are, and review the quality cost categories in detail. “The supply chain is a network of manufacturing and service operations that supply one another from raw materials through manufacturing to the ultimate customer. The supply chain consists of the physical flow of materials, money and information along the entire chain of purchasing, production, and distribution”. (Schroeder, 2011) There are a few different strategies regarding how to measure quality. The company may use a prevention or inspection strategy, rely upon technical training or managerial training, and or selected on quality or cost. The term cost of quality may seem misleading because it is not actually how much the quality product costs. It is far more complicated. Cost of control and cost of failure of control are the two main categories of quality cost. Within the two categories are prevention costs, appraisal costs, internal failure costs, and external failure costs. (Feigenbaum, 1991) It is difficult to determine where to apply the cost of quality for the supply chain because the supply chain reaches and affects all business units. If the company takes a prevention or inspection approach to quality, then it would be considered a control cost. These costs stem from work done to prevent product deficiencies as well as finding defects...
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...* Provide a summary of the five functional performance measures of an operational assessment. 1. Functional perspectives - Examines operational quality through 5 different perspectives Cost, Customer service,Quality,Productivity,and Asset management.Of these 5 cost is considered the best indicator of logistics performance. 2. Measuring customer accommodation - This is measured using three different metrics , Perfect order which measures overall effectiveness of logistics performance with a ratio of perfect orders compared to total number of orders in the same time period.Absolute performance looks at how a firm’s performance impacts individual customers. Finally customer satisfaction require customer monitoring and feedback to measure. 3. Determining appropriate metrics- Appropriate metrics are chosen by analysing,the market focus ,competitive basis and finally the measurement frequency 4. Supply chain comprehensive metrics- These metrics include Cash-to-cash conversion time, Inventory days of supply,Dwell time,On-shelf in-stock percentage,Total supply chain cost, and Supply chain response time 5. Benchmarking- Educates managers on what are the newest best business practices. Main goal is to find what company to benchmark against be it internal which is easier or external where practices are benchmarked against those of a firm in what could be an unrelated business. * Provide a summary of the four dimension of sustainability as they relate...
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...BUILDING STRATEGIE: TAKING THE COMPETITION TO COMPETITORS WITH “TRANSACTIONAL MODEL” Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • Recommendations Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • Recommendations Overview of Global PC Industry Overview of Global PC Industry • Since early 1980s, PC industry has been the most dynamic electronic industry sector • The global PC industry reached mature level by mid-1990s • Dell and Gateway starts their build-to-order strategies, resulted to the total supply chain respond swiftly to change • Emerge of e-commerce (online sales) hastened PC industry’s clock speed Overview of Global PC Industry • PC-makers enjoys high profits 1990, however, they experiences an extreme downfall in early of 2000 • In 2004, in order to maintain PC vendor’s market position, vendor consolidation can develop economies of scale in order to go into a global presence • Global PC industry currently affected by two major trends; commoditization which is about mass-produced and the absence of mid-market, which separate to the customers that demand cheapest products and that of exclusive products Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from...
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