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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should be judged according to five criteria: relevance‚ accuracy‚ timeliness‚ clarity‚ and visibility. Deficiencies in any of these areas will weaken the decisionmaking process. Ensuring the quality of information is critical for effective supply chain management. Unfortunately‚ the complexity of the task intimidates many companies into settling for inefficiencies and inaccuracies. As a result‚ decisions are based on Key Performance Indicators (KPIs) that can be ambiguous‚ imprecise or even incorrect
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process‚ companies can follow five purchase objectives: the ’five rights’. But do the ‘five rights’ answer to real needs of the modern businesses? This essay explains in a first part what purchasing is and how performance measurement contributes to management. Then in a second part‚ it defines the ’five rights’ framework. Finally the last part considers the relevance and suitability of this framework when planning industrial purchasing activities. What is purchasing? In order to evaluating the
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Q1. Consider the supply chain involved when a customer purchases a book at a bookstore. Identify the cycles in this supply chain and the location of the push/pull boundary. When a customer purchases a book from the book store‚ a complete supply chain cycle which involves procurement‚ manufacturing‚ distribution‚ replenishment and customer delivery takes place. The different supply chain cycles are quite separated in this case because each cycle occurs at the interface between two successive stages
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for examination 1. Which of the following statements is correct? A. Recent trends such as lean manufacturing and offshoring decrease the level of risk in the supply chain. B. Accurate forecasting techniques solve most supply chain problems. C. Many retailers observe that inventory levels fluctuate considerably across a supply chain. D. In general‚ the total inventory costs are higher than the total transportation costs in the overall logistics costs for a country. 2. There can be many reasons
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1 How can postponement of product differentiation be used to improve supply chain profitability? Postponement‚ also known as "delayed differentiation‚" is a supply chain strategy that delays product differentiation at a point closer to the customer. This involves designing and developing standard or generic configurable products that can be customized quickly and inexpensively once actual consumer demand is known. Postponement also entails the implementation of specific inventory strategies to deploy
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Chapter 4: Supply Chain Management at Durham International Manufacturing Company (DIMCO) 1. Briefly describe DIMCOs supply chain: DIMCO has a traditional or basic supply chain with all activities directed at delivering a finished product to customers. DIMCO uses 1350 components which are sourced from 375 suppliers. • The finished goods go to a central warehouse; • From the Central warehouse the finished goods go to regional distribution centers: 6 domestic and 4 international (outside the United
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Supply Chain Management Network Design and Facility Location Classical Theories von Thunen Agricultural activity occurs in a “limitless plain of equal fertility” with a city in the middle Theorized that: City price = origin price + transport costs Transport costs = f {weight & distance} As a result Products having high weight/value ratio should be produced near the city (see next slide) Other Contributions Land values decrease as move from city More intense land utilization near
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Logistics and Supply Chain Management Groupe Sup de Co La Rochelle La Rochelle‚ October/November 2012 Prof. Dr. Thomas Liebetruth Learning Objectives Realizing some applications of logistics principles in the “real world” Understanding the necessity and the challenges of Supply Chain Management Know different approaches how to model a Supply Chain Structure and localize the problems of Supply Chain Management Master (some of) the basic management and planning techniques in a Supply Chain context
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is A Supply Chain? ! The system of suppliers‚ manufacturers‚ transportation‚ distributors‚ and vendors that exists to transform raw materials to final products and supply those products to customers. ! That portion of the supply chain which comes after the manufacturing process is sometimes known as the distribution network. Introduction to Supply Chain Management IEE 534 Supply Chain Modeling & Analysis Lecture Slides Dr. Esma S. Gel 1 + 3 A typical supply chain
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