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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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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Introduction Supply chain management‚ which involves inventory management‚ cost reduction‚ transportation‚ configure the distribution network‚ strategies development for product distribution‚ aims to improve the efficient and effective in the production activities. With better improvement in managing the current resources to operate profitability‚ and to minimize the inventory costs and reach the demands from market. Through the upstream and downstream linkages‚ different products and service which
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Supply Chain relationships and Supply Chain dynamics are topics that are closely related to each other. A discussed in Russell and Taylor (pgs. 426-427)‚ the bullwhip effect is a prevalent dynamic in supply chain management. Methods to decrease the bullwhip effect include: increased information sharing and coordinated forecasting. As has been noted before‚ the clothing company Zara is a good example of a well-designed supply chain system. Zara has been able to successfully keep information flow
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requires a change from managing individual functions to integrating activities into key supply chain processes. An example scenario: the purchasing department places orders as requirements become known. The marketing department‚ responding to customer demand‚ communicates with several distributors and retailers as it attempts to determine ways to satisfy this demand. Information shared between supply chain partners can only be fully leveraged through process integration. Supply chain business process
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Supply Chain is a very important aspect in the Project management world. It is essential to address all issues properly and with care in order to have a successful and operational project. Integrating Supply Chain Management into Project Management can significantly enhance the effectiveness of project management. The term Supply Chain Management encompasses a wide range of processes which help in delivering the product or service as required by the customer.(Dani) “The Massachusetts Institute
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· EVA Manufacturing flow management. 1. Increasing sales: Obtain repeat business Increase product availability Provide desired product features for example‚ better manufacturing flow mgt can result in higher sales and healthier margins through consistent availability of products that meet customers’ specific needs. 2. Reduce cost of good sold: reduce direct labor and materials
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Kaizen Forum Supply Chain Management Plus its Enabling & Supporting Technologies IBA 6th May 2012 The Kaizen Forum Today’s Scenario • With today’s emphasis on cutting costs and streamlining expenses‚ many companies are looking to improve their bottom lines with more effective supply chains. • Lack of understanding about what a supply chain is or how it fits into the companies overall strategy. 1 11/20/2012 The Kaizen Forum Supply – Chain - Management • Supply: to furnish
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Supply Chain Management 1 What is supply chain management? A Supply Chain is a collection of organizations involved in the supply of products or services. Supply chain management is the management of the interconnection of organizations that relate to each other through upstream and downstream linkages between the processes that produce value to the ultimate consumer in the form of products and services. It is a holistic approach to managing across company boundaries. 2 Supply chain planning and
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Kapur 2012PGP097 Vineet Jain 2012PGP061 IRCTC-CATERING SUPPLY CHAIN ANALYSIS AND SUGGESTIONS FINAL REPORT Table of Contents EXECUTIVE SUMMARY 3 The Mission of IRCTC 3 The Business activities of IRCTC includes 3 OBJECTIVES OF CATERING POLICY 4 DESIRED SERVICE OFFERING 4 SERVICE QUALITY DIMENSIONS 4 MAJOR QUALITY INITIATEVES BY IRCTC 5 IRCTC CATERING PROFILE 5 Food products catered by IRCTC: 6 THE SUPPLY CHAIN OF IRCTC CATERING SERVICE 7 CURRENT STATUS AND CAPACITY OF
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