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25 Cards in this Set

  • Front
  • Back

Supply chain management covers

1 Logistics operations


2 customer service


3 purchasing/procurement


4 demand and replenishment

Supply Chain includes:

1 Material Flows


2 Information Flows


3 Financial Flows

Flows in a supply Chain

Material


Information


Funds

Supply Chain Management Sub-Topics (According to Taylor 1997)

1 Logistics and Supply Chain Strategy


2 Purchasing and Supplies Management


3 Manufacturing Logistics


4 Distribution Planning and Strategy


5 Warehouse Planning and Operations Management


6 Inventory Management


7 Transport Management


8 International Logistics and International Market Entry Strategies

Benefits of Supply Chain Management

1 Lower inventory costs


2 Higher Productivity


3 Improved ability to respond to fluctuations in demand


4 Shorter lead times


5 Higher profits


6 Greater customer loyalty

Elements of Supply Chain Management

1 Customer 6 Purchasing


2 Forecasting 7 Suppliers


3 Design 8 Location


4 Processing 9 Logistics


5 Inventory 10 Capacity Planning


Performance Measures

1 Reliability


2 Flexibility


3 Expenses


4 Assets/Utilization

Reliability Metrics

1 On time delivery


2 Order Fulfilment


3 Lead time


4 Fill Rate


5 Perfect Order Fulfilment

Flexibility Metrics

1 Supply Chain Response Time


2 Upside Production Flexibility

Expenses Metrics

1 Supply Chain Management cost


2 Warranty Cost as percentage of revenue


3 Value added

Assets/Utilization Metrics

1 Total Inventory days of supply


2 Cash to cash cycle time


3 Set asset turns

Primary Activities (Porter's Model)

1 Inbound Logistics


2 Operations


3 Outbound Logistics

3 cross-functional integrating process

1 Systems and procedures


2 Sales and operations planning


3 Performance Management

Building Blocks of Supplt Chain (6building block configuration)

1 Customer Focus and Demand


2 Resource and capacity management


3 Procurement and supplier focus


4 inventory management


5 operations management


6 Distribution management

Variables Affecting a Future Demand

1 Past demand


2 promotion and advertising of a product


3 market share


4 state of the economy


5 price discounts


6 competition and new products introduction

Four Basic Capabilities to make sensible trade-offs

1 Technical Capability


2 Operations Capability


3 Financial Capability


4 Managerial Capability

Inventories Usually Reside in 3 stages of a process

1 input stocks


2 in process stocks


3 output stocks

Main Components of Distribution Management are

1 Distribution strategy


2 Warehouse operations


3 Stock Management


4 Transport Planning

Major Categories of Systems and Procedures

1 External regulatory and internal quality standards


2 Financial and accounting procedures


3 Information and communication technology (ICT)

Broad Areas in ICT

1 Information and technology systems


2 e-Business

Infrastructure consists of functions or departments such as

Accounting


Legal


Finance


Planning


Public affairs


Government relations


Quality assurance


General management

The Need for Supply Chain Management

1 The need to improve operations


2 Increasing levels of outsourcing


3 Increasing transportation costs


4 Competitive Pressures


5 Increasing Globalization


6 Increasing importance of E-commerce


7 The complexity of supply chains


8 The need to manage inventories

Why is supply chain important?

1 To gain efficiencies from procurement, distribution and logistics


2 To make outsourcing more efficient


3 To reduce transportation costs of inventories


4 To meet competitive pressures from shorter development times, more new products, and demand for more customization


5 To meet the challenge of globalizationand longer supply chains


6 To meet new challenges from e-commerce


7 To manage the complexities of supply chains


8 To manage inventories needed across the supply chain

Secondary Activities (Porter's Model)

1 Procurement


2 Human Resource Management


3 Technological and Development


4 Infrastructure

Human Resource Management Ativities

1 Recruiting


2 Hiring


3 Training


4 Dismissing or Laying off Personnel