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Joyce** (**Dubliners (Inventory control
This is concerned with the…
Joyce**
**Dubliners
- Inventory control
This is concerned with the levels of inventory to be held at various points in the supply chain. As inventory represents costs, the sensible approach is to hold as low an inventory as possible but business are forced to hold inventories as a buffer to counter the affects of an uncertain demand.
- Configuration of distribution network
This issue deals with the design of a distribution network to serve a specific market. This will consists of a set of warehouses and retail outlets, together with the manufacturing plant and supply sources, based on consideration of location and capacity of each of these elements.
- Supply chain integration and strategic partnering
This is concerned with the complex issue of strategic inter organizational partnership for achieving competitive advantage. This is about sharing the information and efficient use of the information for coordinating business process to deliver a superior value to the customers.
- Distribution strategy
The distribution strategy is concerned with the distribution of the firm’s products. There are several strategies available such as the classical distribution strategy or direct shipping.
- Product design
This is concerned with the design of the product and its impact on total cost of the product. It is possible that the design determines the strategies to be followed regarding inventory or transportation.
- Customer value
The key issue is the definition of customer value in an age of increasing consumer power. It is mentioned on how supply chain will be designed to provide value to the customers and how will firms define the value.
- 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.
- Information technology and decision support systems
Information technology is a critical enabler of effective SCM. Much of the current interest in SCM is motively by the opportunities that appeared due to the abundance of data and the savings that can be achieved by sophisticated analysis of these data.
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What is bullwhip effect?
DEFINITION: The bullwhip effect can be explained as an occurrence detected by the supply chain where orders sent to the manufacturer and supplier create larger variance then the sales to the end customer.
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