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ideas and concepts, Supply chain
management - Coggle Diagram
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Supply chain
management
Hornby case study (B2S3) cost advantages come from ow labout and factory space costs, when the economies grow (as with china) these dissapear. RISK. efficiency is a risk if it doesnt come from manufacturing excellence
supply chain agility - (built in flexibility and fast response) demand uncertainty can be offset by holding stock, but this can be expensive in terms of product cost and the price of storage etc
Issues with SCM
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(Accenture study, SCMBP pg 8)
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horizontal integration
Porter ("supply chain management best practices"pg.7 - coordinates set of goals and policies across distinct but interrelated business units
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throughput efficiency
B2S4 4.2examine areas in the supply chain where there is waste, or more reasonably, look for areas where stock is held and use this as the only buffer in the system is the rest can be smoothed out (have diagrams showing batches and queue method (womack and jones 2003) and how this would work in FF industry. tesco (case study) gained efficiency by reducing batch sizes and coordinating stock holdings