Supply Chain

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.

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

Pro forma is similar in many ways to a historical income statement; however, it projects the future rather than tracking the past. I used the pro forma statements a lot in determining growth decisions to see what the financial effects would be in the future. In Quarter 4 they were very useful because I wanted to increase my sales force from 14 sales people to 24 sales people.

Lastly, the just-in-time (JIT) approach is an operating philosophy that requires that all resources, including materials, personnel, and facilities, be acquired and used only as needed (Mazumder, 2007). The JIT approach works great for manufacturing companies because of their common classes of material that they use which are raw materials, work-in-process, and finished goods (Mazumber, 2007). According to JIT concept raw materials are received just in time to go into production, manufactured parts are completed just in time to be assembled into products, and products are completed just in time to be shipped to customers (Mazumber, 2007). The

After I had made my choices in quarter for I checked the pro forma and made adjustments to factory capacity and demand to insure we could hit profitability. I did cut too close on the inventory because we had loss sales due to stock outs. The lost sales did not come close to what our losses where due to excess capacity and inventory holding costs in Quarter 2 and Quarter 3. Pro forma are a crucial peace of the Simulation. Once I fully grasped the concept I was able to make better decisions for Lean in enterprises.

When implementing project 1, you face technical and market risk. How would you assess the risks embedded in Project 1?

4) Exploring the possibility of implementing JIT (Just in Time) system that can reduce the finished goods inventory at

Just-in-time: Just-in-time is an approach of continuous and forced problem solving through a focus on throughput and reduced inventory. Nissan takes advantage of JIT through reduced inventory levels and relying on a supply chain to deliver the parts needed to build its cars. The major benefit to JIT is that production runs remain short and the costs are reduced through less waste in warehouse storage space requirements. The company also saves money on raw materials

In the beginning of the semester, I felt a bit overwhelmed by the simulation. There was a lot of components involved and I wasn’t sure how we were going to be able to accomplish each component successfully. I did feel somewhat excited for the simulation however, especially since I was working in a group and we had total control over the decisions we made. My position in the group was to help with finances since I’m a Real Estate major and had more experience with finances. I am not as strong in this area, but I took it as a challenge and was anxious to see how my guidance would play out.

Our approach was to facilitate the demand with respect to the market. We penetrated the market by building factory in Fardo and building warehouses to the respective regions, Caleopeia, Sorange, Entworpe, Tyran. Another component that we had to consider was finding the optimal cost to increase market share and increase our profit margin. Discussion on the logistics will be discussed thoroughly, which affected our decision points and our overall outcome. There are a few questions we needed to answer before we built a road map to our strategy i.e. figuring out where to build the factory and warehouse, estimate the demand of the four regions and Fargo region, should we change capacity, adjust ordering point with respect to quantity, and also

Richard Dana Associates (RDA) was brought in by the owners of a family-owned business with complex relationship issues at a time preceding an anticipated leadership transition. Following individual and group coaching sessions, RDA was able to help the leadership separate personal issues, and codify practices through formal policies to allow the leadership group to focus on business issues without personal complications. At the end of RDA's engagement, the client was well-positioned to begin developing a transition plan.

The main areas where Seven-Eleven 's in United States needed to be concentrated on Distribution System, Need to increase Demand and it should be able (manage) to drive the customer flow towards their convenience store, Lacking of signature products from it, Less Sales growth, The seven elevens are distantly located, the inventory turnover in US was less when compared to the Seven-Eleven 's in Japan.

obvious examples, but we also see successful product innovation where we least expect it. For instance, in the traditionally functional category of food, companies such as Ben & Jerry 's, Mrs. Fields, and Starbucks Coffee Company have tried to gain an edge with designer flavors and innovative concepts. Century Products, a leading manufacturer of children 's car seats, is another company that brought innovation to a functional product. Until the early 1990s, Century sold its seats as functional items. Then it introduced a wide variety of brightly colored fabrics and designed a new seat that would move in a crash to absorb energy and protect the child sitting in it.

A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data

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