Single Objective Closed Loop Supply Chain Model

1. Understand and identify supply chain issues and constraints faced by aircraft parts manufacturers like HAL and contrast it from supply chains of other industries 2. Apply basic economic order quantity model to make inventory decisions 3. To analyze supply chain system with serial manufacturing fraught with uncertainties and variations in processing times 4. Use probability models to estimate the probability of on-time delivery under different scenarios 5. Estimate the penalty cost for not meeting the delivery guarantees 6. Demonstrate the use of advanced stochastic models to optimize the use of shelf life parts in the supply chain 7. Summarize mathematical complexity associated with the problem and provid

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.

Supplies are the vital factor to having successful operation and to be efficient with the business you are providing. In order to bring value to the organization, you must insure that customers are satisfied with the quality health care provide in each transports, so that they can continue use transport with future transports.

“For companies today, MRP is a computerized information system. As such, it requires data to provide the information needed for decision making” (Vonderembse & White, 2013, Section 9.5, para 6). The goal of this paper is to read the Space Age Furniture Company case study and develop an MRP for Space Age Furniture Company using the information in the case including the production of sub-assemblies in lot sizes of 1,000 considering the lot size of 1,000 for sub-assemblies has produced a lumpy demand for part 3079; suggest ways for improvements over sub-assemblies in lot sizes of 1,000, analyze the trade-off between overtime costs and inventory costs, calculate a new MRP that improves the base MRP, compare and contrast the types of production processing—job shop, batch, repetitive, or continuous—and determine which the primary mode of operation is and why, describe ways that management can keep track of job status and location during production and recommend any changes that might be beneficial to the company and/or add value for the customer.

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

Managed logistics, supply chain, and integrated logistics functions within a leading provider of services to the federal government. Supervised, trained, and evaluated team of over 20. Assisted Program Manager in quality assurance and operations leadership to meet all contractual requirements. Created comprehensive monthly data analysis, written reports and briefings, program plans/analyses, and others to support logistics and operational matters. Maintained supply and inventory control using Property Book Unit Supply Enhanced (PBUSE) system.

In reverse logistics, the design, control, and operation of a recovery value system will reflect the whole life cycle of a product. This is the concept of closed-loop supply chains, in which zero-waste is achieved in the “forward flows of materials (from suppliers to end customers) and the reverse flow of products (post consumption) back to the manufacturing or distribution supply chains” (Book p.151-152). Reverse logistics supports closed-loop supply chains and coordinating the chains to achieve (or maintain) competitive advantage. A fragmented chain, where each member is only focused on its own processes, is considered a key Supply Chain Management problem. It is not wise for Sandvik to fragment, or decouple the forward and reverse supply chains.

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.

 Our objective is to analyze the distribution network in order to minimize annual system wide costs that subject to a 95% customer service level for ALKO. Integrated Minds considered a scenario approach and looked at net present values to factor inventory costs and quality over the planning horizon.

What is your evaluation of the Total Supply Chain Cost (TSCC) program developed by Owens & Minor and Virginia Mason?

Information is the biggest driver of supply chain as it effects the other drivers. It helps to meet customer needs at lower cost and gives visibility of transactions. PepsiCo's deal with Hewlett Packard to improve supply chain management and increase overall efficiency. It provided IT solutions focused on updating server environments and ensuring new infrastructure improving the operations and increased overall cost-saving. The solution implemented, helped encourage strong customer relationship management and supply chain management. It reduced costs as well as enhanced service provision online and via its communications networking system. With implementation of these services PepsiCo is better adaptable to meet changing business needs and provide better service to customers.

Since the variation in demand is high, a fixed order quantity model would have been suitable for modelling the inventory management process at the European DC of HP. We could have arrived at a suitable reordering point looking into the lead time and demand variation in that lead time. However, ordering cost is not available and is hard to estimate given the facts in the case and hence we reject this model.

4. In a service supply chain, the (explicit) cost of information is higher than in a product

EXISTING PROBLEMS AND WEAKNESSES IN THE CURRENT PROCESSES AND ADDITIONAL CAPABILITIES NEEDED TO BE DEVELOPED:

The results show that while increasing the number of remanufacturing batches, a mixed strategy is more economical than a pure (production or remanufacturing) strategy. The results also show that while increasing production associated costs pure production (remanufactured) is more expensive than a mixed strategy. El Saadany et al. (2013) mentioned that a pure remanufacturing strategy is not possible and it is very difficult to recover a product indefinitely. In that sense, the model of this paper helps a firm in determining the actual benefits of disassembling returned items for reuse (recycle, repair and recover), which other models in the literature make the simplistic assumption of remanufacturing a returned item as a whole unit.