BU395 Study Guide - Midterm Guide: Supply Chain, Safety Stock, Cycl
Document Summary
Supply chain- sequence of organizations- facilities and activities- that are involved in producing and delivering a product. Movement of material (towards end of chain) information and money (towards beginning of chain) Supply chain management- collaboration and coordination of all components of the supply chain so that market demand is met as efficiently as possible. Improve operations- achieve improved quality, wringing out excessive costs. Outsourcing- buying goods or services instead of producing or providing them in-house. Bullwhip effect- demand variability is progressively larger moving upstream through a supply chain. ), slow reactions to changes in demand upstream (dc) due to lack of demand visibility and large lead times. Gaming by retailers- inflating orders in anticipation of receiving a portion of them. Strategic (design) activities- strategic decisions have long term impact on supply chains. (goals then quality, cost, variety, timeliness, fill rate) products (re)designed with these parameters.
