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SUPPLY REQUIREMENT (KEY ISSUES (:check:CONFIGURATION OF DISTRIBUTION…
SUPPLY REQUIREMENT
KEY ISSUES
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:check:INVENTORY CONTROL
This is concerned with the levels of inventory to be held at various points in the supply chain. As a inventory represents costs, the sensible approach is to hold as low an inventory as possible but businesses are forced to hold inventories as a buffer to counter the affects of an uncertain demand.
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:check:PRODUCT DESIGN
This is concerned with the design of the product and it's impact on total cost of the product. It is possible that the design determines the strategies to be followed regarding inventory/ transportation. This design may also determine the length of the product life cycle and the extent of uncertainty associated with the demand for this product.
:check: CUSTOMER VALUE
The key issues is the definition of customer value in an age of increasing consumer power. Hw will supply chains will be designed to provide value to the customers and how will firms define value.
:check:SUPPLY CONTRACTS
Relationship between suppliers an buyers are established by means of supply contracts that specify pricing and volume discounts, delivery lead times,quality, returns and so forth.
:check: *INFORMATION TECHNOLOGY AND DECISION SUPPORT SYSTEMS
Indeed , much of the current interest in supply chain management is motivated by the oppurtunities that appeared due to the abundance of data and the savings that can be achieved by sophisticated analysis of these data. Proper analysis and data processing is depend on many other factors and that may be a hurdle in supply chain management.
DRIVERS OF RISK
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:warning:FORECAST
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