MGT 8803 - Supply Chain
What are capabilities that drive performance? - answer-· Products & service features
v v v v v v v v v v v
· Costs
v
· Quality
v
· Time to market
v v v
· Ability to innovate
v v v
What is supply chain management? - answer-management of the flow of goods and
v v v v v v v v v v v v
services and includes all processes that transform raw materials into final products
v v v v v v v v v v v v
Involves active streamlining of business's supply-side activities to max customer value
v v v v v v v v v v
vand gain competitive advantage in marketplace
v v v v v
Operations and supply chain managers focus on... - answer-how to develop capabilities
v v v v v v v v v v v
(increase profitability) to design, produce, and deliver products and services in a
v v v v v v v v v v v v
competitive market
v v
What are the six primary processes of the OSCM? - answer-· Planning what you want to
v v v v v v v v v v v v v v v
vdo
· Sourcing where you will get your inputs
v v v v v v v
· Making your product or services
v v v v v
· Delivering product and services
v v v v
· Returns - Mechanisms to making returns
v v v v v v
· Engage - looking and finding ways to improve the five above
v v v v v v v v v v v
What are consequences of poor supply chain? - answer-· Loss of Productivity
v v v v v v v v v v v
· Customer Complaints
v v
· Increased Costs (ex: expediting)
v v v v
· Loss of Revenue
v v v
· Damage to Brand
v v v
What are the top challenges to supply chain? 2015 - answer-· Flexibility and
v v v v v v v v v v v v
vresponsiveness to changes in demand/product mix v v v v v
· Supplier performance in terms of risk, reliability, and quality
v v v v v v v v v
· Ensuring sufficient supplier capacity to meet demand
v v v v v v v
· Effectively supporting new product launches
v v v v v
· Lack of competitive cost of structure - price of the end consumer is the function of the
v v v v v v v v v v v v v v v v v
vcost of the supply chain
v v v v
What are the top challenges to supply chain? 2019 - answer-· Hiring qualified workers
v v v v v v v v v v v v v
, · Customer demands for lower costs/pricing
v v v v v
· Customer demands for faster response times
v v v v v v
· Increasing competitive intensity, rising customer expectations
v v v v v v
· Forecasting - trying to predict what the demand will be in future
v v v v v v v v v v v v
What are the hierarchy of decisions? - answer-· Long term / strategic
v v v v v v v v v v v
· Medium term / operational / optimize
v v v v v v
· Short term / execution/ scheduling
v v v v v
Hierarchy of decisions: long-term - answer-· Network configuration
v v v v v v v
· supply chain model
v v v
· outsourcing
v
· vertical integration
v v
Hierarchy of decisions: medium-term - answer-· lean
v v v v v v
· sales and operational planning
v v v v
· inventory management
v v
Hierarchy of decisions: short-term - answer-· scheduling people, equipment, product
v v v v v v v v v
· real-time decisions
v v
What is efficient vs responsive supply chain? - answer-· efficient = focus on cost
v v v v v v v v v v v v v
vreduction, asset utilization, efficiency, productivity, yield capacity utilization, scale
v v v v v v v v
· responsive - focus on responding speedly to change in customer delivery requirements
v v v v v v v v v v v v
v(typically volume and lead time)
v v v v
Efficient vs Responsive: SC Operating Model - answer-· E: supply predictable demand
v v v v v v v v v v v
efficiently at lowest possible cost
v v v v v
· R: respond quickly to unpredictable demand in order to minimize stockouts, lost sales,
v v v v v v v v v v v v v
vmarkdowns & obsolete inv v v v
Efficient vs Responsive: Capacity Strategy - answer-· E: maintain high average
v v v v v v v v v v
utilization rate
v v
· R: deploy excess buffer capacity/ capacity flexibility
v v v v v v v
Efficient vs Responsive: Inventory Strategy - answer-· E: generate high turns and
v v v v v v v v v v v
minimize inventory throughout the supply chain
v v v v v v
· R: deploy significant buffer/ safety stocks of parts or finished goods
v v v v v v v v v v v
Efficient vs Responsive: Lead Time Strategy - answer-· E: reduce lead time as long as it
v v v v v v v v v v v v v v v
doesn't increase cost
v v v
· R: Invest aggressively in ways to reduce lead time
v v v v v v v v v
What are capabilities that drive performance? - answer-· Products & service features
v v v v v v v v v v v
· Costs
v
· Quality
v
· Time to market
v v v
· Ability to innovate
v v v
What is supply chain management? - answer-management of the flow of goods and
v v v v v v v v v v v v
services and includes all processes that transform raw materials into final products
v v v v v v v v v v v v
Involves active streamlining of business's supply-side activities to max customer value
v v v v v v v v v v
vand gain competitive advantage in marketplace
v v v v v
Operations and supply chain managers focus on... - answer-how to develop capabilities
v v v v v v v v v v v
(increase profitability) to design, produce, and deliver products and services in a
v v v v v v v v v v v v
competitive market
v v
What are the six primary processes of the OSCM? - answer-· Planning what you want to
v v v v v v v v v v v v v v v
vdo
· Sourcing where you will get your inputs
v v v v v v v
· Making your product or services
v v v v v
· Delivering product and services
v v v v
· Returns - Mechanisms to making returns
v v v v v v
· Engage - looking and finding ways to improve the five above
v v v v v v v v v v v
What are consequences of poor supply chain? - answer-· Loss of Productivity
v v v v v v v v v v v
· Customer Complaints
v v
· Increased Costs (ex: expediting)
v v v v
· Loss of Revenue
v v v
· Damage to Brand
v v v
What are the top challenges to supply chain? 2015 - answer-· Flexibility and
v v v v v v v v v v v v
vresponsiveness to changes in demand/product mix v v v v v
· Supplier performance in terms of risk, reliability, and quality
v v v v v v v v v
· Ensuring sufficient supplier capacity to meet demand
v v v v v v v
· Effectively supporting new product launches
v v v v v
· Lack of competitive cost of structure - price of the end consumer is the function of the
v v v v v v v v v v v v v v v v v
vcost of the supply chain
v v v v
What are the top challenges to supply chain? 2019 - answer-· Hiring qualified workers
v v v v v v v v v v v v v
, · Customer demands for lower costs/pricing
v v v v v
· Customer demands for faster response times
v v v v v v
· Increasing competitive intensity, rising customer expectations
v v v v v v
· Forecasting - trying to predict what the demand will be in future
v v v v v v v v v v v v
What are the hierarchy of decisions? - answer-· Long term / strategic
v v v v v v v v v v v
· Medium term / operational / optimize
v v v v v v
· Short term / execution/ scheduling
v v v v v
Hierarchy of decisions: long-term - answer-· Network configuration
v v v v v v v
· supply chain model
v v v
· outsourcing
v
· vertical integration
v v
Hierarchy of decisions: medium-term - answer-· lean
v v v v v v
· sales and operational planning
v v v v
· inventory management
v v
Hierarchy of decisions: short-term - answer-· scheduling people, equipment, product
v v v v v v v v v
· real-time decisions
v v
What is efficient vs responsive supply chain? - answer-· efficient = focus on cost
v v v v v v v v v v v v v
vreduction, asset utilization, efficiency, productivity, yield capacity utilization, scale
v v v v v v v v
· responsive - focus on responding speedly to change in customer delivery requirements
v v v v v v v v v v v v
v(typically volume and lead time)
v v v v
Efficient vs Responsive: SC Operating Model - answer-· E: supply predictable demand
v v v v v v v v v v v
efficiently at lowest possible cost
v v v v v
· R: respond quickly to unpredictable demand in order to minimize stockouts, lost sales,
v v v v v v v v v v v v v
vmarkdowns & obsolete inv v v v
Efficient vs Responsive: Capacity Strategy - answer-· E: maintain high average
v v v v v v v v v v
utilization rate
v v
· R: deploy excess buffer capacity/ capacity flexibility
v v v v v v v
Efficient vs Responsive: Inventory Strategy - answer-· E: generate high turns and
v v v v v v v v v v v
minimize inventory throughout the supply chain
v v v v v v
· R: deploy significant buffer/ safety stocks of parts or finished goods
v v v v v v v v v v v
Efficient vs Responsive: Lead Time Strategy - answer-· E: reduce lead time as long as it
v v v v v v v v v v v v v v v
doesn't increase cost
v v v
· R: Invest aggressively in ways to reduce lead time
v v v v v v v v v
