PROC 5850
Week 1 Homework: Ch1 Question 1,2,6
1. Consider the supply chain for a domestic automobile. a. What are the components of the supply chain for an automobile?
The components of the supply chain for an automobile are as follows: First you have the supplying industries. These include components such as steel and other metals, rubber, electronics, plastic, glass, and textiles. These raw components are fabricated into car bodies, mechanical and electrical subcomponents as well as engines and transmissions. These subassemblies are assembled during final assembly and then distributed to dealership for the consumer market. b. What are the different firms involved in the supply chain?
The following are
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* The cost of information is more often higher than in a product supply chain. Consider the cost of a credit report or hiring a consultant.
6. Consider the supply chain for canned peaches sold by a major food-processing company. What are the sources of uncertainty in this supply chain?
Some of the sources of uncertainty are as follows:
* The first factor to consider is the peach crop and the factors that effect it… weather, disease, and disasters. * Number if migrant workers available to harvest the crop… spoilage. * Lead times from field to processing plant… spoilage. * Processing time, storage, and transportation times and costs. * Demand is not know beforehand.
CASE: Meditech Surgical
1. What are Meditech’s problems in introducing new products? In manufacturing ALL products?
Meditech has two major issues with introducing new products. * It has poor service levels for new products * The inventory levels are higher than necessary for all of its products
2. What is diving these problems, both systematically and organizationally?
There are seven major areas in which Meditech is driving these problems: * In the planning system, there are too many built-in delays and monthly buckets. This leads to inefficacies, unneeded delays, and high inventory levels. * There is no tracking of forecasting errors. * Product demand is poorly studied. * The Info
Recognized as one of the leading computer manufacturers, Dell uses an astonishing supply chain through pull-to-order procurement and just-in-time inventory management. Their strategy is highly efficient and drives costs to a minimum while allowing for minimal lead times and production times of under 4 hours for each order as their suppliers maintain levels of inventory based on forecasts within Dell warehouses near Dell assembly
$1.6 billion, it is an estimation of manufacturers’ and trade inventories in the United States in august 2012 (according to the US Department of Commerce). Inventory represents a significant part of company budgets. They are costly and can be risky, but the company spend a lot of money in inventories because they also provide some security for businesses.
Supply-chain management consists of developing a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. A supply chain strategy, an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy.
Research the responsiveness issue in supply chains (push, pull, and postponement strategies). Define each strategy and discuss the major differences between them. Name some companies that use each strategy. Do not just use the textbook for your answers.
Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay
The second metric that is beneficial to Riordan is the Efficiency Metric. This metric “is a ratio of the actual output of a process relative to some standard” (Jacobs & Chase, 2011 pg. 117). This metric is beneficial in determining if
Objectives: 1. View and record data from sample MM, 2) Create new MM for finished and semi-finished part, and raw materials.
1. The losers in the global distribution and supply chain dynamic are particularly those with:
b) Where does the information come from? c) Why didn’t we have each store decide what to order from the warehouse?
An effective supply chain is the key to creating business value, and with expansion on the horizon. Good planning and willingness to adapt to changes are key to maximizing our results. In order to do this we have come up with a plan that will make Lady Americana mattresses a household name in our target expansion markets. In the state of Oklahoma, Lady Americana has already become a brand that has a bed in almost every home. The current systems in place are effective for todays operations, below are some challenges and recommendations to improve upon this to create an effective supply chain, that will grow with you as your business does.
According to our class text Supply Chain Management’s goal is to create fast, efficient, and low-cost network of business relationships to get a company’s product from concept to market. In order to understand the goal we must know that the supply chain is the process the raw materials of a product go through in order to be available to the consumer. The relationships that the business creates are needed in order to create the product, each process the product goes through creates value, the supply chain is often called the value chain. Internet technologies are increasingly making the supply chain management process much more efficient and worth the initial investment. The supply chain management life
I would advise Dave to consider expanding the firm’s definition of what industry they are in. Are they solely in the publishing industry? Or are they in the education industry
4. In a service supply chain, the (explicit) cost of information is higher than in a product
including distributors and suppliers. From the person who gets original wood from a tree to the
Let’s start with a bit of history on cars. The first car released for the general public was the Model T created by Henry Ford. To make this car available for the general public, he used the assembly line to mass produce it. In addition to this he used cheap but sturdy materials such as vanadium steel to make