SUPPLY CHAIN MANAGEMENT Lecture Notes - Vehicle Routing Problem

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marooneel670

10 Jul 2022

School

Indira Gandhi National Open University - IGNOU

Department

Economics

Course

SUPPLY CHAIN MANAGEMENT

Professor

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Document Summary

The increasing competitiveness between organizations, the speed of innovation in all industries, the ascending requirements by customers, and the pressure on cost management for operation and investment, are current challenges faced by most companies in today"s global economy. Due to all these factors, the concepts of supply chain management (scm) were widely adopted by many organizations, through the past two decades, as a strategic tool to compete in the global market and networked economy. The main scm functions can be summarized as shown in fig. 1. The coordination and integration of different scm functions have been recognized as the next source of competitive advantage and has become a key factor in the success of medium and large. Focusing on cost minimization in one area of the supply chain often leads to higher costs in other areas. Thus, the integration of decision making would be desired for combined functions.

Related Questions

Supply chain complexity and scale increases when firms:

(i) move to globalization.

(ii) manage the procurement, manufacturing, and distribution functions themselves.

(iii) produce products and services that coordinate with hundreds or more firms and suppliers.

(iv) modify their existing workflows to comply with supply-chain management systems.

cyanantelope77

1. Arranging the physical location for the building, workspace, and equipment is part of:

a) engineering design.
b) inventory management.
c) product layout.
d) facility layout.
e) assembly line development.

2. To facilitate operations planning, most firms use _____ to determine the kinds of goods and services to provide and the features they must possess.

a) total quality management
b) customization
c) standardization
d) a product layout
e) marketing research

3. _____ has put pressure on supply chain managers to improve speed and balance resources against competitive pressures.

a) Inventory control
b) Globalization
c) The economic order quantity (EOQ) model
d) Computer-assisted design (CAD)
e) Total quality management (TQM)

4. In _____, computers can direct machines to adapt to making different versions of similar operations.

a) supply chain management
b) flexible manufacturing
c) computer-assisted manufacturing
d) green manufacturing
e) just-in-time manufacturing

5. Which of the following products is manufactured through the process of customization?

a) Geysers
b) Engines
c) Dell laptops
d) Photocopy services
e) Toothbrushes

erinarmadillo413

This focuses on the relationship between inputs and output. Different production curves are presented. But the intensity of current global competition often requires managers to go beyond the traditional production curves. Today's managers must understand the importance of innovation (product innovation: the introduction of new or improved products; process innovation: the introduction of new or improved production processes). Give an example of a real-world firm that benefits from innovation and remains (or becomes) competitive in today's globalized world.

aquamarineraccoon765

SUPPLY CHAIN MANAGEMENT Lecture Notes - Vehicle Routing Problem

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