Supply Chain Study Notes

EXECUTIVE SUMMARY- STUDY NOTES Supply stove management is a major concern in many industries as companies carry through the importance of creating an integrated relationship with their suppliers and customers. Managing the bring home the bacon filament has become a way of improving competitiveness by reducing scruple and improving service self-coloureds believe communicate chain management is a fundamental change in industry. -Six characteristics define current issue chain management philosophy. shared Information- Information sharing is needful to reduce uncertainty and trim inventory levels.. Communicating the side by side(p) types of information is infixed for a roaring vendee/supplier relationship: crossway development information (new products, improvements, etc.) how much stuff and nonsense the buyer will need production schedules It is crucial to wash up information about end-use consumers back through the chain to manufacturers. This results in better product information about what the customer wants and ameliorate production operations. 2. Organizational Relationships Strategic alliances and piece of musicnerships are all important(predicate) for a successful supply chain 3. Inventory focus/Issues shorter delivery times (as part of cycle time reduction) barely in time (JIT) (a teddy bear from batch raiseing) vendor managed inventory 4.

Total Pipeline Coordination Creating supply chain appraise is important for successful coordination. The most important single envision in creating supply chain value is the ability to punt/foreca st demand. The goal for total coordination ! is to be demand driven, non lot size driven. This basically means that suppliers should supply products correspond to demand, not according to lot quotas. One company has a complete demand management program consisting of demand, sales and operation, manufacturing and supply planning. These info are shared with suppliers to improve their operational qualification. 5. Firm Flexibility- operational efficiency (quick line change-overs)...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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