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SUPPLY REQUIREMENT (Briefly explain the key issues in supply chain…
SUPPLY REQUIREMENT
- Briefly explain the key issues in supply chain
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Inventory Control
As 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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Supply Contracts
Relationship between suppliers and buyers are established by means of supply contracts that specify pricing and volume discounts, delivery lead times, quality, returns, and so forth.
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- Discuss the drivers of risk in supply requirements?
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Delays
- High capacity utilization at supply source
- Inflexibility of supply source
Systems
- Information infrastructure breakdown
- Extensive system networking
Forecast
- Inaccurate forecasts due to long lead times, seasonality, product variety, short life cycle
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- What is bullwhip affect? Is it good or bad in logistics? Explain your answer
The distribution channel phenomenon in which forecasts yield a supply chain inefficiencies. Its not good in logistics for business because the bullwhip effect were happen