Single Objective Reverse Supply Chain Models

The main elements of a supply chain include purchasing, operations, distribution, and integration. The supply chain begins with purchasing. Purchasing managers or buyers are typically responsible for determining which products their company will sell, sourcing product suppliers and vendors, and procuring products from vendors at prices and terms that meets profitability goals.

The network design process is used to formulate decisions concerning various aspects of logistics networks (Croxton & Zinn, 2005). Efficient logistics networks are essential for transporting people and goods in the 21st century. In this regard, Katsioloudis (2009) advises that, "Transportation networks facilitate the movements of goods and people to markets and are essential for the prosperity of a society and the competitiveness of an economy" (p. 7). Designing a logistics network in general is a major component of successful material handling. For instance, according to Cheong, Bhatnagar and Graves (2007), "Designing a logistics network that maximizes the utilization of the transport and warehouse capacity in

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

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.

The Marketplace simulation helped me realize how complicated and difficult decision making can be when trying to build a company. Among the most important simulation results were utilizing the budgets and pro forma statements. Budgets are beneficial as a financial plan by listing all planned expenses and income. The purpose is to be able to forecast revenues and expenses and create a business model that operates effectively to make sure overhead can be paid.

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.

1. Performance. The driving constraint on this project is the performance. The most important aspect of this project is that the warehouse is able to quickly find needed products. Time wasted in searching for products delays our delivery trucks leaving in a timely manner and also means that walk in customers have to wait for an excessive amount of time

The purpose of this paper is to analyze various techniques and applying knowledge gained to improve Acme Mexico City’s operations. The three operations management techniques to be analyzed are: Data-driven decision making, linear programming, and sustainable supply chain management.

Target Corp. is making changes to the way it operated in hope of enhancing online sales. Target has recently hired another supply chain executive. This executive, Benjamin Cook, worked for Apple before this. The article states, "Mr. Cook 'will lead the optimization of Target’s inbound and outbound supply chain processes, including carrier transportation and last-mile delivery,' in addition to overseeing inventory and merchandise planning, the company said Wednesday." Inventory management is where a person keeps track of where the goods are located. This happens to be a big focus for target and other retail stores if they have more than one store. Target executives think that the way to fix the inventory mess is to change the shopping patterns.

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.

As in part one of the Supply Chain Game, we were given the option to use trucks as a shipping method. This method can make or break your bottom line because it is an expensive option if you are not utilizing it properly. The cost of using this shipping method is still $15,000 whether the truck is in full or partial methods. The importance of running this part of the operation to perfection is in the numbers. A truck that leaves at half capacity (100 drums) is only generating $145,000 on that run, whereas a full truck would yield

For example, in the first through third quarters, I was paying my employees $45,000 per year, with only expanded health coverage. After the third quarter, I realized my competitors were offering more, and that they would be recruiting the best salespeople if I didn’t change my offering. I checked my budget, and saw that I could pay my employees more and offer better health coverage, which would help me to recruit and retain the best employees with the most potential to increase sales. That in turn lead to better sales the fourth quarter.

M&L Manufacturing makes various components for printers and copiers. The company supplies these items to a major manufacturer. The company also distributes these and similar items to office supply stores and computer stores as replacement parts for printers and desktop copiers. In all, the company manufactures about 20 different items to distribute. The two markets (the major manufacturer and the replacement market) require somewhat different handling. Product for the major manufacturer can be shipped in bulk. However, the products for the retail segment must be packaged individually which requires additional handling and expense. Instead of using forecasting for production planning the operations manager decides which

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