GMS 401 Lecture Notes - Lecture 9: Management Information System, Fixed Asset, Production Planning

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Omid Jadidi

Document Summary

Supplier(s) > storage > manufacturer > storage > distributor > retailer > customer: integrated organizations. Supply chain: the sequence of organizations their facilities and activities that are involved in. Increasing competition (using lean or jit to cut excess costs) Increasing levels of outsourcing: outsourcing: buying goods/services instead of producing or providing them in-house (insourcing) Manage orders & inventories (to prevent/reduce the bullwhip effect: bullwhip effect: the phenomenon in which the demand/order variability gets progressively larger the further up in the supply chain; aka demand/order amplification. Many retailers each with a little variability in their orders leads to more variability for a fewer number of wholesalers, and can lead to even more variability for a single producer. Strategic (design) activities -> supply chains are designed/redesigned with their competitive characteristics in mind (i. e. speed, quality, cost, flexibility, etc. ) Tactical (planning)/operational activities -> relate to production planning & control: forecasting > purchasing > transporting > inventory > scheduling > production > distribution> service.