Supply Chain Management

In the Fixed-Order Quantity Model (Q-Model), every time that the stocks reach a specific level an order is placed. Q-Model requests a constant monitoring in inventory levels. The risk of stock out only occurs during the lead time, thus the safety stock is less than in P-Model for the same service level. Reorders are placed when stocks reach (R), and the safety stock that must be reordered is:

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

In order to improve and minimise guest complaint, first supervisor should have a daily check on stocks. Anything to replenish should be ordered and follow up in advance rather than on the day itself when run out of stock. Adequate stuff provided ensures employees do not have any excuse to make a mistake besides maintain the standard of quality service.

Office Depot uses multiple inventory strategies to order products. 90% to 95% of goods are ordered through automatic replenishment, manual replenishment, pull replenishment, and global sourcing are also used depending on channel, volume, velocity and cost. (Office Depot, 2015). The accuracy of the inventory from both a DC and store perspective is critical to the organizations success. Heizer and Render (2014) state that record accuracy is a prerequisite to inventory management, production scheduling, and sales. Accuracy is maintained by either periodic or perpetual systems (p.479). In Office Depot, the stores are required to cycle-count technology items such as laptops, desktops computers, and tablets five days a week. Discrepancies are entered in the system and bounced off the local DC’s on-hand inventory discrepancies. Office Depot is a “blind receive” organization meaning the stores receive pallets of products and simply unwrap and put them away. The only way a store knows if a product is missing is through the cycle-count program. This system was put into place to speed up the receiving process and eliminate unnecessary steps once the product was received at the store level. Office Depot conducts a full physical inventory once a year through a third party and trues up the inventory shrink at this time.

For maintaining supplies it my responsibility to check if we are running out of items so in that case I will need to order them. Organisation policy is that we should spend the set amount each month for supply order, we have to make sure that all budget is used in a month even know sometimes we don’t need to order items as we still have remaining stock.

Inventory mismanagement – It is identified that there is a lack of regular stock count. The concept of safety stock doesn’t seem to exist in the current business process.

This report has been prepared to analyze the supply chain management process, design and planning of this particular Domino’s location. Theoretical parts have been used to evaluate the company’s supply chain process in terms of its product and service offering. This report also focuses on the daily operations of this franchise. The focus has been placed on the daily operations processes of the Dominos store located on lakeshore Blvd. (w), Toronto, ON. This report is a result of team research, case study analysis, a store visit, interviews and insights from Dominos existing employees, application of theoretical concepts, models and prior experience. This study shows how Dominos has been able to position itself as a market leader in its segment. Finding various aspects of the company’s processes, provides as an token of appreciation to the company’s efforts to continuously grow in the changing market conditions by taking new product design into consideration and being innovative against its competition.

Commodities like oil, gas, etc. have volatile prices thus making procurement in the market difficult.

Referring to Flynn, Huo and Zhao (2008) research, they suggested supply chain integration is the process of organizations strategically collaborates with their supply chain partners and managing inter and intra organization?s processes. In addition, Prabir K. Bagchi and others (2005), claimed that ?supply chain integration is the comprehensive collaboration among supply chain network members in strategic, tactical and operational decision-making?. (Prabir L. Bagchi et al.) By reviewing these definitions, supply chain integration can be known as the collaboration of the organization and their supply chain partners by using strategic, tactical and operational management. The main purpose of applying supply chain integration is to have an efficient and effective production process of products in different, aspects, such as cost, information, and decision-making (Bowersox et al., 1999; Frohlich and Westbrook, 2001; Naylor et al., 1999 as cited in Flynn, Huo and Zhao, 2008) and aim to improve service capabilities at lower supply chain cost. (Ragatz et al, 1997, as cited in Fylnn, Huo and Zhao, 2008) Based on their papers, it suggested that firms with highly supply chain integration can be more reactive to unstable demand by higher information visibility and knowledge between organisations. Also, it also pointed out that the net costs can also be reduced through interlocking the supply chain.

The replenishment cycle is the recurring process flow from the time one order is placed to the time the next order must be placed to replenish depleted inventory. In business, when stocks are depleted, it is usually too late to place a new order. In inventory management, a company must pay extra special attention to two things: the optimal time when an item must be reordered and the necessary quantity. This is the only way to prevent a shortage in advance. A company has a number of options for conducting its inventory policies.

When we look around in a study room, we know everything is produced by different manufactories, but we do not know how the table or chair is produced from the row materials, and what the most efficient way through the manufacture process is. All these activities involved a term Supply Chain Management (SCM).

A supply chain (SC) consists of a set of organizations that work together to take in raw materials, convert the raw materials into higher value products, and sell the products to the end customer (Kelly 2005). The management of these flows to generate profit is known as supply chain management (Sodhi and Tang 2012). Supply chain risk management (SCRM) is defined, very broadly, as the identification, analysis and evaluation of events that can have a negative effect on supply chain performance. SCRM also includes the implementation of mitigation strategies through a concerted effort between SC partners to reduce the consequence and/or likelihood of such events (Khan and Burnes 2007). Generally the events of

An effective supply chain management is critical to success in today’s business environment where competition, risk and uncertainty are challenging. Ahenkora and Peasah (2011, p.278) state that ‘the need to deliver on clear strategic choices in today’s hypercompetitive business and uncertain environment is greater than ever’.

One such technology is RFID (Radio Frequency Identification). RFID technology is a means of gathering data about a certain item and doesn’t need to physically in line of sight or touch of the data reader. It uses inductive coupling or electromagnetic waves and allows Automatic Identification and Data Capture (AIDC). This technology has unlimited possibilities for connected devices around us right from goods, animals, gates, containers, machines even human are tagged through RFID’s. (ILIE-ZUDOR, 2006)

Abstract: The supply chain concept has been around for many years, yet most businesses have only paid little attention to what was happening within their organization. The result was a disorganized and often unsuccessful supply chain.