What are the goals of supply chain management and why is it important?
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To buy products and services....
- At the right price
- From the right source
- At the right specification
- In the right quantity
- For delivery at the right time
- To the right internal customer
It is important because it wants to generate a sustainable advantage
through lower costs, higher quality, and better service from our global
supply base of trading partners
Roles of Warehousing
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- Buffer against fluctuating
demand
- Promote efficient fulfillment
- Supports innovative strategies
- Allows logistics trade-offs
Average Inventory Value
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- how much do we typically have on hand
- .5 (value of goods on hand)
selling days on hand
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- how long will the current inventory serve demand
- 365/Inventory Turns
Warehousing Benefits
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, Allows companies to....
- Receive, hold and process required level of inventory to meet customer
needs in a cost efficient, timely manner
- Receive in bulk & create assortment
What production process characteristics around labor and material can determine a
production strategy?
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- Facility Size
- Process Flow
- Speed
- Labor content
- Skill Level
- Materials required
- Scheduling
What are the challenges of Service Parts Logistics?
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Traditional forecasting concepts and supply chain strategies do not apply
to service parts. Need for rapid repairs, especially in high $$$ equipment
scenarios.
What are the 7 steps of strategic sourcing?
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Give this one a try later!
To buy products and services....
- At the right price
- From the right source
- At the right specification
- In the right quantity
- For delivery at the right time
- To the right internal customer
It is important because it wants to generate a sustainable advantage
through lower costs, higher quality, and better service from our global
supply base of trading partners
Roles of Warehousing
,Give this one a try later!
- Buffer against fluctuating
demand
- Promote efficient fulfillment
- Supports innovative strategies
- Allows logistics trade-offs
Average Inventory Value
Give this one a try later!
- how much do we typically have on hand
- .5 (value of goods on hand)
selling days on hand
Give this one a try later!
- how long will the current inventory serve demand
- 365/Inventory Turns
Warehousing Benefits
Give this one a try later!
, Allows companies to....
- Receive, hold and process required level of inventory to meet customer
needs in a cost efficient, timely manner
- Receive in bulk & create assortment
What production process characteristics around labor and material can determine a
production strategy?
Give this one a try later!
- Facility Size
- Process Flow
- Speed
- Labor content
- Skill Level
- Materials required
- Scheduling
What are the challenges of Service Parts Logistics?
Give this one a try later!
Traditional forecasting concepts and supply chain strategies do not apply
to service parts. Need for rapid repairs, especially in high $$$ equipment
scenarios.
What are the 7 steps of strategic sourcing?
Give this one a try later!
