A Framework For Evaluation Of Operational Complexity Cost

Abstract —There are some complex and compelling challenges that global manufacturing industries should face, which includes price fluctuation, supply-chain inefficiencies and increasing customer expectations. In order to meet the demand of this economic environment, manufacturers need to find innovative, smarter ways to face those challenges. Thus, the efficient inventory management becomes urgent to manufacturers and it could help improve profitability and increase customer satisfaction. This paper aims to talk about what inventory management is and its importance, what problems inventory management might have and how to improve inventory management efficiency.

During the game, I realized that wide gaps in orders of every role in the supply chain such as factory, distributor and retailer create inventory management challenges. For example, distributor records 0units between week1-week 4 compared to retailer within the same period. The retailer records 3units, 5units, 2units and 2units between weeks 1- week 4. The same applies to factory with 0units from weeks 2-4. Addressing inventory management problems requires developing an average unit level to avoid disappointing customers when demand

The flow of goods and services from initial raw material to consumers as finished goods and the reverse flow of the used or damaged goods combines multiple organization which have to function efficiently. Even though the functioning of an individual enterprise of the supply chain is for individual management but the entire supply chain have to be effectively managed. This is achieved through the help of Information technology. The IT support system provides with supply chain managers with relevant information at the right time. Depending on the time frame of the activities and the frequency at which they occur, i.e. strategic, tactical and operational levels of supply chain management. All these levels have different

The supply chain process can concentrate on inventory management process in the system to fulfill the order requested (Chase, Jacobs and Aquilano, 2006,). Riordan focuses on management of inventory from raw material to produce fans. It is necessary to track the quality and need of inventory for optimizing the performance of supply-chain process. These measurements are necessary for assessing the exact requirement of material based on revised production forecast sales with key inputs from the conceptual application of supply chain management (Chase, Jacobs and Aquilano, 2006).

When dealing with closed loop supply chains, complexity increases, management information systems may have to be restructured, and uncertainty may also build up. “Several sources of uncertainty were identified such as demand, availability of raw materials, prices, promotion of new products and for the closed-loop supply chains uncertainty in the amount of non-conformance products or on the level of returnable end of life products”.(Cardoso,Science direct). Demand levels and other

The globalization of organizations and more competitive forces have compelled more manufacturing businesses to improve an efficient supply chain planning for reducing the cost of supply chain. Planning of supply chain is being the critical component of business’ management. Supply chains have conventionally been split, being unsuccessful to assimilate the business utilities in the chain of logistics process. Such difficulties, as extended order lead times, high inventory costs, and struggle in answering proactive to real time variations, having lower profits and weak client goodwill that can be determined by putting together supply chain management schemes for transportation and warehousing. Supply chain can be explained as a combined practice where actually numerous different organizations individuals such as manufactures, retailers, distributors, and suppliers perform together in order to obtain raw materials, transform these raw materials into wanted ultimate products and supply these ultimate products to the vendors. The key methods in this combined procedure are the distribution, logistics, production planning and control. The production and planning steps are two of the most crucial parts to obtain worldwide optimization in supply chain management. And, this should be explained inside the integrated planning infrastructure. Interactive parts of supply chain included key parts such as purchase, production, logistics planning, sale, production and manufacturing

With a unique blend of practice and theory, the intricacy of operation issues in real life fascinates me and provokes me to look into the field of Operation Research, where scholars seek to employ methods from multiple disciplines to solve real life problems. I have been fortunate to have experiences in several institutes around the world, including Fudan, UC Berkeley and UCLA, and in doing so have developed a powerful interest in research at the level practiced in these esteemed institutions. I am convinced that doctoral study in IEOR at University of California, Berkeley, is what I hope to pursue.

The purpose of this report is to explain in brief to the Senior Management of a hypothetical supply chain

Introduction: (provides the big pictures and context), problem description, analysis and study, results, summary and future work (more of engineering), appendices and references.

Supply chain is one of the critical aspects that can make or break any company. The research will also concentrate on aspects of supply chain.

In order to remedy this malfunction, the company opted for higher stock levels of some materials and thus avoided production and delivery delays. Gélinas & Bigras (2004) hold that this interrelationship between the factors underlying the purchase and stocking function, heavily influenced by IS inefficiencies, are critical points which reduce the chances of logistics becoming a competitive advantage for the companies which have these characteristics, due to the fact that inconsistent exchange of information creates limitations to performance in the chain. Case study analysis of the production function makes it possible to identify three determining factors: lack of formal planning, underutilization of IS and the need to adapt to the environment. The lack of formal planning is the determining factor in the structure of production, since the inefficiency of forecasting mechanisms makes it possible for sales growth to be much higher than that expected by the

Chapter 5 Modeling And Simulation Of The Supply Chain Complexity With Product And Demand Characterisation

Muhammad ‘Ammar bin Kassim B. Eng (Hons) Mechanical Engineering [Majoring in Material] Universiti Teknologi PETRONAS (UTP) 7th August 2010 Dear Sir/Madam,

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD III Year B.Tech. ECE - II Sem L T/P/D C 0 -/3/2

Ajay Shankar Patil1, Sayli Adesh Patil2, Shrinath Bhau Patil3, Vishal Meshram4 1U.G. Scholar, Vishwatmak Om Gurudev College Of Engineering, Aghai(THANE) 2U.G. Scholar, Vishwatmak Om Gurudev College Of Engineering, Aghai(THANE) 3U.G. Scholar, Vishwatmak Om Gurudev College Of Engineering, Aghai(THANE) 4Assistant Professor, Vishwatmak Om Gurudev College Of Engineering, Aghai(THANE) Email Id : patil.ajay16@gmail.com