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11 Cards in this Set
- Front
- Back
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The basic purpose of a supply chain is to coordinate the flow of materials, services, and information along the elements of the supply chain to maximize customer value.
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supply chain purpose
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three view of supply change
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Input/Output View
Pre- and Post-Production Services View Hierarchical Chain Structure |
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are designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow.
stable products larger facilities (economies of scale) balance |
efficient supply chains
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focus on flexibility and responsive service and are able to react quickly to changing market demand and requirements
Unpredictable demand New products Smaller, more flexible facilities Information flows are critical |
Responsive supply chains
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produces goods in advance of customer demand using a forecast of sales and moves them through supply chain to points of sale where they are stored as finished goods inventory
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push system
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produces only what is needed at upstream stages in the supply chain in response to customer demand signals from downstream stages
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pull system
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is the process of delaying product customization until the product is closer to the customer at the end of the supply chain.
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postponement
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is a firm that specializes in certain types of goods-producing activities, such as customized design, manufacturing, assembly, and packaging, and works under contract for end users.
access to advanced manufacturing technologies, customization of goods in regional markets, and lower total costs resulting from economies of scale |
contract manufacturer
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results from order amplification in the supply chain; a phenomenon that occurs when each member of a supply chain “orders up” to buffer its own inventory.
Many firms counteract this phenomenon by modifying the supply chain infrastructure and operational processes |
the bullwhip effect
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Share information
Order restrictions Smaller lot sizes others |
how to counteract the bullwhip effect
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balance customer requirements and internal supply chain efficiency.
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supply chain metrics
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