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7 Cards in this Set

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5 key company manufacturing strategies
1) EFFICIENCY/COST--reduction of manufacturing costs
2) DEPENDABILITY--degree of trust in a comp's products, delivery, & price promises
3) QUALITY--performance reliability, service quality, speed of delivery, and maintenance of products
4) FLEXIBILITY--ability of production process to make diff kinds of products and adjust volume of output
5) INNOVATION--ability to develop new products and ideas
10 elements of a
comprehensive supply chain strategy
1) customer service reqs
2) plant & dist ctr network design
3) inventory mgmt
4) outsourcing & 3rd party logistics relationships
5) key customer and supplier relationships
6) bus processes
7) info systems
8) org design & training reqs
9) performance measurements
10) performance goals
Info Sys Impact on Supply Chain Efficiency

Examples
EDI (Walmart)
- connects suppliers to inventory ordering system

ERP
- integrates back office of firm

Extranet (Dell)
- organize production and delivery of parts

Internet
- helps to automate and speed up internal processes and connects business sys of customers and suppliers

PTX
- through internet, supply chain factors (manufacturers, distributors, resellers, customers) can collaborate to share info about demand, production, availability
Info Sys Impact on Supply Chain Efficiency

Challenge
emerging markets lack the technology to implement the latest info sys
5 Global Sourcing Strategies
1) Assign domestic buyer for int'l purchasing
2) Use foreign subsidiaries or bus agents
3) Establish int'l purchasing offices
4) Assign responsibility for global sourcing to a specific bus unit
5) Integrate and coordinate worldwide sourcing
Inventory Management

Just In Time Systems
- sources raw materials and parts just as they are needed in the manufacturing process

- hard to combine foreign sourcing and JIT production w/o having safety stocks of inventory on hand
Inventory Management

Foreign Trade Zone
- becoming popular as an intermediate step in the process btw import and final use

- special locations for storing domestic and imported inventory in order to avoid paying duties until inventory is used in production or sold