Concept explainers
Interpretation: The advantages of supply chain design integration with respect to investment and space.
Concept Introduction: The supply chain of a company, especially that of a diversified company consists of a large number of suppliers, each supplying one or more than one item (product and/or service). For its performance, the company depends heavily on this chain which needs to be effective and efficient in totality. Even one single weak link in the entire chain can jeopardize the company’s performance. To avoid/eliminate such cases, it is essential to integrate the supply chain with the company’s operations during the design of the chain itself. This is the only way of economizing on costs (including those of finance and space) without sacrificing performance. The integration will involve all the suppliers, the company’s operations and in some cases (of course with the consent of the supplier) the supplier’s supplier.
Want to see the full answer?
Check out a sample textbook solutionChapter 14 Solutions
OPERATIONS MANAGEMENT LL PACKAGE
- Assess and recommend better transformation systems and processes to MED-SL’s endeavour to increase capacity and capability by adopting JIT and Kaizen. Cite other best practices in supply chain management which the company can implement to prepare in meeting growth objectives.arrow_forwardWhat is the importance of supply chain design in the success of a business?arrow_forwardSupply chain management covers the planning and execution of processes required to execute a product's flow, from acquiring goods and materials through production and distribution to the final customer. In what way does the company reach its maximum efficiency and how can we determine the improvement in the ultimate outcome?arrow_forward
- "Supply Chain Management is normally defined as optimal fulfillment of customer needs at minimal cost" Explain with the help of a diagram, the various functional aspects that have led to the evolution of Supply Chain Management.?arrow_forwardThe processes needed to determine the set of future actions required to operate an existing supply chain?arrow_forwardidentify two MES solutions providers. Describe the capabilities and supply chain impact that their tools promise.arrow_forward
- Under the workings of operations management, how do complexities such as network, process, and organizational affect supply chain sustainability as a whole? Provide examples and go into detail.arrow_forwardDescribe the supply chain, in general terms, for McDonald’sand for Toyota.arrow_forwardUse a company that produces or delivers a service familiar to you. Using the SCOR five step model, describe (as good as you can) an effective supply chain model for your organization. Give as much detail as possible for each step.arrow_forward
- Define SAP Supply Chain Coordination?arrow_forwardYOU ple has recently decided to invest in an EDI system that will allow it to automatically place orders with its major suppliers. Currently, YOU's purchasing department staff have to place telephone orders to the company's suppliers, which is slow and inefficient. Which activity within YOU's value chain will the new EDI system improve?arrow_forwardGive three examples of services you are familiar with that include all of the following: there is an intangible portion to the offering, it is time-perishable, and it involves the customer as co-producer. Explain your answers.arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.