Good Morning, I am Pushkar Bajpai. And my topic for presentation deals with Effects of Globalization and Interrelated risks on the Supply Chain.
I like this definition because as an industrial engineer I am used to think in terms of an objective function and the constraints associated with it. This definition compels me to apply tools of operations research and other related techniques to the “supply chain” to improve its effectiveness. Above all it provides me with an objective that has to be optimized and that objective is the “cost”.
Effects of Globalization & Risk Management Pushkar Bajpai Master of Science in Industrial Engineering State University of New York at Buffalo
Alignment of firms that brings product or services to the market . (Lambert, Douglas M., James R. Stock, and Lisa M. Ellram, 1998, Fundamentals of Logistics Management, Boston, MA: Irwin/McGraw-Hill, Chapter 14)
Entire network related to the activities of a firm that links suppliers, factories, warehouses, stores and customers. (Steven Nahmias, 2005, Production & Operations Analysis, Boston, MA: Irwin/McGraw-Hill, Chapter 6)
SCM is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses and stores, so that the merchandise is produced & distributed at the right quantities, to the right location and at the right time, in order to minimize system wide costs while satisfying the service level requirements. (Simchi-Levi et al., 1999, Page 1* )
Most of our products are sent on ships to distribution centers, we need to shorten our supply chain from order to ship and increase the accuracy of our forecasting and planning . (Ralph Johnson, VP of IT Ansell Ltd., Red Bank)
When production and distribution operations are located around the world, the supply chain never rests. (The Business Week, 2005, The Global Supply Chain: Discovering the new opportunities across the “Flat World”, The McGraw Hill Company, Inc., Page 1 )
Globalization is increasing the need for planning and supply-chain visibility. (Lora Cecere, Director at AMR Research Inc., Boston)
Globalization is increasing the need for planning and supply-chain visibility , Companies want to plan corporately for global coordination, then execute locally. To do this, they require richer functionality for sales and operations planning as well as improved supply-chain visibility. (Lora Cecere, research director at AMR Research Inc., in Boston)
Supply chain visibility is a firm's ability to collect and analyze distributed data, generate specific recommendations, and match insights to strategy (Noha Tohamy, Principal Analyst, Forrester Research)