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Flashcards in supply chain chapter 15 Deck (8)
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1

5 key issues of supply chain management

> determining appropriate level of outsourcing
> managing procurement
> managing suppliers
> managing customer relationships
> be able to quickly identify problems & respond to them

2

4 recent trends in supply chain management

>> measure supply chain (ROI) Return On Investment
>> reevaluate outsourcing
>> integrate IT
>> managing risks

3

4 complexities involved with global supply chain management

>> language & cultural differences
>> currency fluctuations
>> armed conflicts
>> increased transportation costs & lead times

4

5 strategic responsibilities of supply chain management

1) supply chain strategic alignment---
> aligning supply & distribution strategies with organizational strategy and deciding on the degree to which outsourcing will be employed

2) network configuration ---
> determining the number and location of suppliers, warehouses, production/operations facilities, and distribution centers

3) information technology ---
> integrating systems and processes throughout the supply chain to share information, including forecasts, inventory status, tracking of shipments , and events

4) product & services ---
> making decisions on new product and services selection and design.

5) capacity planning ----
> assessing long-term capacity needs, including when and how much will be needed and the degree of flexibility to incorporate

5

6 tactical responsibilities of supply chain management

1) forecasting ---
> prepare and evaluate forecasts

2) sourcing ---
> choose suppliers and some make- or-buy decisions

3) operations planning ---
> coordinate the external supply chain and internal operations

4) managing inventory ---
> decide where in the supply chain to store the various types of inventory

5) transportation planning ---
> match capacity with demand

6) collaborating ---
> work with supply chain partners to coordinate plans

6

8 operational responsibilities of supply chain management

scheduling ---
> short-term scheduling of operations and distribution

2) receiving ---
> management of inbound deliveries from suppliers

3) transforming ---
> conversion of inputs into outputs

4) order fulfilling ---
> linking production resources and/or inventory to specific customer orders

5) managing inventory ---
> maintenance and replenishment activities

6) shipping ---
> management of outbound deliveries to distribution centers and/or customers

7) information sharing ---
> exchange of information with supply chain partners

8) controlling ---
> control of quality inventory, and other key variables and implementing corrective action, including variation reduction, when necessary

7

requirements of effective supply chain management

using strategic sourcing to create a supply chain involves
> plan
> source
> make
> deliver
> manage returns

achieving an effective supply chain requires meeting the goal of having an cooperative relationship among supply chain partners that will facilitate planning and coordination of activities by having ---
> trust --
> effective communication ---
> information velocity ---
> supply-chain visibility ---
> event management capability ---
> performance metrics ---

8

5 challenges in creating effective supply chain management

1) barriers to integration of separate organizations
2) getting the entire firm "on board" of supply chain management
3) response time
4) variability & uncertainty
5) different trade offs
>>>> inventory trade off
>>>> transportation cost trade off
>>>> customer service trade off