2. Introduction
The supply chain management mechanism
is used by businesses to ensure a reliable and
economical supply chain. The supply chain
consists of a series of steps a business takes to
make raw materials a finished product. With
the diverse needs and wants of the customers
in the hospitality industry, the supply chain
operations change and align with the fast-
paced requirements of the industry to plan,
source, make, and deliver.
4. PLAN: Categories of Supply Chain
Operations
Supply. This refers to the total demand for
goods on the market.
Demand. This refers to the amount of product
available.
Product Characteristics. This refers to the
product features that influence demand.
Competitive Environment. This refers to the
actions of product suppliers in the market.
A. Forecasting
1.
2.
3.
4.
5. Qualitative. It is founded on an
individual's intuition or beliefs.
Causal. It assumes that there are many
conditions in connection with demand.
Time Series. It is based on trends of
traditional demand.
Simulation. It combines cause and time
series procedures.
1.
2.
3.
4.
Forecasting Methods in Supply Chain
6. Use Production Capacity to meet demand.
Align production capacity to satisfy demand
by adding/removing production capacity to
use 100% of its capacity.
Use varying levels of total production
capacity. As appropriate, intend to retain
increased production capacity as required to
satisfy projected demand.
Use inventory and work-in-progress
inventory. Develop new inventories to
support the projected potential demand to
meet demand.
B. Aggregate Planning
1.
2.
3.
7. Is it the safest way to promote products in
PEAK times to maximize revenues or offset
costs in SLOW periods?
SLOW times, where
businesses cannot
shift staff and
performance easily
PEAK cycles, where
companies can differ
rapidly between
workforce and
capability
C. Product Pricing and Planning
8. Three Kinds of Plan
1. Cycle Inventory. The inventory is necessary for
fulfilling commodity requirements during the
interval between ordering for the product.
2. Safety Inventory. This happens when, in
expectation of potential demand, an organization or
supply chain with a certain profitable capability plans
to manufacture and store goods.
3. Seasonal Inventory. The volatility in a supply chain
must be compensated. In general, the greater the
degree of uncertainties, the higher the degree of
protection required.
D. Inventory Management Plan
10. Five Procurement Activities
1. Purchasing. The regular operations related to
ordering item for the required products are these
tasks.
2. Consumption Management. Effective sourcing
starts by recognizing the number of goods being
acquired in each business unit and the whole
enterprise.
3. Vendor Selection. In addition to merely the price of
a component of a retailer, the importance of these
capacities must be considered.
A. Procurement
11. 4. Contract Negotiation. This is where the
individual goods, pricing, and standards
of service are created.
5. Contract Management. An organization
has the opportunity to monitor it's
suppliers' output and keep them
responsible for meeting the quality of
service negotiated in its contracts.
12. Three Credit and Collections Activities
1. Set Credit Policy. Senior management such as the
auditor, the chief financial officer, the treasurer, and
the chief executive officer develop credit policies.
2. Implement Credit and Collection Processes. These
operations include the implementation and operation
of protocols to implement and implement the
company's credit policy.
3. Manage Credit Risk. This checks for opportunities to
reduce the cost to potential buyers to sellers.
B. Credit and Collections
