Learn the Supply Chain Definition and find out why it is critical to an organization's success. A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Find out more about Supply Chain and how it can help your business to perform better through our Supply Chain Optimization training in Malaysia, China, Dubai, Singapore, Indonesia, etc.
Visit us at http://SynerflexConsulting.com for more details.
What do you think about your supply chain--the costs and performance? What do your customers think? Are you satisfied with the operation? Are your logistics costs good? How about your inventory turns? Take the self-assessment, score it, and discuss. With what began with e-commerce has expanded into other markets and industries. Supply chain management is becoming strategic and weaponized for success.
CPFR - Model for Supply Chain Co-ordinationCHIN Kok Poh
Collaborative Planning Forecast and Replenishment is a supply chain management practice for multi-tier co-ordination. This slides incoporate CPFR, Unified Communications, RFID, RTLS and Portal Collaboration technologies to execute advanced CPFR.
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/lean-inventory-management-using-lean-initiatives-to-manage-inventory/
More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.
As firms look to reduce waste, increase turns and be more flexible with their inventory, management professionals have attempted to identify how lean techniques can be adopted to build flexible and collaborative inventory.
Current references like APICS (American Production Inventory Control Society) shows that nearly 30 percent of companies are adopting lean principles in their inventory management.
What is Lean Inventory Management?
“Lean” refers to a systematic approach to enhancing value in a company’s inventory by identifying and eliminating waste of materials, effort and time through continuous improvement in pursuit of perfection.
Lean management movement is credited to Henry Ford, who in the 1920s applied the concept of “continuous flow” in the assembly-line process. Over the years, the concept has been modified and applied to nearly all industries.
Lean inventory management techniques are built upon five principles:
• Value : Define the value that your company will get from lean inventory management.
• Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.
• Pull (Lean principle: Kanban) : Move inventory only when requested by customer.
Sadup Soft has a wide range of services that assist companies in bringing value to the entire company. We will allow you to get results, whether it is optimizing inventory distribution through improved supply planning or reducing shipping costs by efficient logistics management. Our services in the supply chain include
What do you think about your supply chain--the costs and performance? What do your customers think? Are you satisfied with the operation? Are your logistics costs good? How about your inventory turns? Take the self-assessment, score it, and discuss. With what began with e-commerce has expanded into other markets and industries. Supply chain management is becoming strategic and weaponized for success.
CPFR - Model for Supply Chain Co-ordinationCHIN Kok Poh
Collaborative Planning Forecast and Replenishment is a supply chain management practice for multi-tier co-ordination. This slides incoporate CPFR, Unified Communications, RFID, RTLS and Portal Collaboration technologies to execute advanced CPFR.
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/lean-inventory-management-using-lean-initiatives-to-manage-inventory/
More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.
As firms look to reduce waste, increase turns and be more flexible with their inventory, management professionals have attempted to identify how lean techniques can be adopted to build flexible and collaborative inventory.
Current references like APICS (American Production Inventory Control Society) shows that nearly 30 percent of companies are adopting lean principles in their inventory management.
What is Lean Inventory Management?
“Lean” refers to a systematic approach to enhancing value in a company’s inventory by identifying and eliminating waste of materials, effort and time through continuous improvement in pursuit of perfection.
Lean management movement is credited to Henry Ford, who in the 1920s applied the concept of “continuous flow” in the assembly-line process. Over the years, the concept has been modified and applied to nearly all industries.
Lean inventory management techniques are built upon five principles:
• Value : Define the value that your company will get from lean inventory management.
• Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.
• Pull (Lean principle: Kanban) : Move inventory only when requested by customer.
Sadup Soft has a wide range of services that assist companies in bringing value to the entire company. We will allow you to get results, whether it is optimizing inventory distribution through improved supply planning or reducing shipping costs by efficient logistics management. Our services in the supply chain include
It’s a short guide for occupiers who are considering moving distribution centres. This Do’s and Don’ts guide gives them some tips on what they should be considering.
Power has shifted from manufacturers to lean retailers Benefits of Lean in Retail:
Low shelf space requirement
Reduced carrying cost
Reduced Through Put Time of products in value Chain
Improved Profitability through Inventory Management
Solutions which focus on easy collaboration, visibility and efficiency, across your entire supply chain.
Maximize your profit, reduce costs and increase competitiveness, definitely, with these solutions.
This booklet explores a few use cases of analytics for the supply chain and how it can be leveraged.
For more info visit: https://www.teamcomputers.com/businessanalytics/Supply%20Chain/Booklet-Supply-chain-Digital.pdf
LeanCor Consulting Webinar: How to Deploy Continuous Improvement in the Wareh...LeanCor Supply Chain Group
An effective continuous improvement program in the warehouse can lead to higher productivity, lower costs, decreased turnover rates, and more.
In this 1-hour webinar of the LeanCor Consulting series, learn how one distribution company followed a road map to deploy a customized approach that empowered all levels of the organization.
The Road Map:
Phase 1: Identifying Efficiency Gaps
Phase 2: Leadership Alignment on Purpose and Principles
Phase 3: Associate Level Engagement and Project Execution
Phase 4: Results and Reflection – Reaping the Benefits
Planning is an ongoing process that happens at different levels and different times dependent on resource availability and this is recognised by the 5 levels of Supply Chain Planning Horizon.
Lean supply chain management is challenging because so much happens outside the four walls. Time compression and inventory velocity are important in achieving end-to-end inventory speed. The benefits include higher inventory turns, less working capital, less cash burn, better cash flow, improved revenue yield maximization, and less write downs.
Inventory begins upstream where suppliers are and should flow.
Boost DC Performance & Solve DIM Challenges: Use Cubing and Dimensioning Tech...Angela Carver
The implementation of cubing and dimensioning technology is increasing in popularity due to their unique ability to solve a variety of frequently encountered supply chain challenges with a reasonable investment. Cubing and weighing solutions are now available in varying sizes, prices and durability options to meet the needs of any distribution center. These tools are designed to eliminate manual data entry, reduce inventory data errors and increase profits. Focusing on these operational improvements are more important than ever due to the increasing shipping rates for major carriers such as FedEx and UPS. The dimensional weight pricing structure raised the average shipping cost 30%. This led to warehouse operators searching for savings in other areas so as to not pass these rate increases on to their customers.
Datex partner, Rice Lake Weighing Systems, is one of the top providers of cubing and dimensioning technologies for the supply chain industry. They have been in business for over 70 years and now offer over 40,000 different weighing products for a variety of different industries. Their expertise has allowed many SCM businesses to make significant improvements to their operations ranging from more optimized inventory putaway and storage, improved carton selection, and more stable load/pallet building. When paired with warehouse management technology, cubing systems allow warehouses of any size to have more data available at their fingertips. This helps decision makers and staff make critical decisions on the fly while saving time and money. To get more information about implementing cubing and dimensioning technologies into your supply chain operation contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
It’s a short guide for occupiers who are considering moving distribution centres. This Do’s and Don’ts guide gives them some tips on what they should be considering.
Power has shifted from manufacturers to lean retailers Benefits of Lean in Retail:
Low shelf space requirement
Reduced carrying cost
Reduced Through Put Time of products in value Chain
Improved Profitability through Inventory Management
Solutions which focus on easy collaboration, visibility and efficiency, across your entire supply chain.
Maximize your profit, reduce costs and increase competitiveness, definitely, with these solutions.
This booklet explores a few use cases of analytics for the supply chain and how it can be leveraged.
For more info visit: https://www.teamcomputers.com/businessanalytics/Supply%20Chain/Booklet-Supply-chain-Digital.pdf
LeanCor Consulting Webinar: How to Deploy Continuous Improvement in the Wareh...LeanCor Supply Chain Group
An effective continuous improvement program in the warehouse can lead to higher productivity, lower costs, decreased turnover rates, and more.
In this 1-hour webinar of the LeanCor Consulting series, learn how one distribution company followed a road map to deploy a customized approach that empowered all levels of the organization.
The Road Map:
Phase 1: Identifying Efficiency Gaps
Phase 2: Leadership Alignment on Purpose and Principles
Phase 3: Associate Level Engagement and Project Execution
Phase 4: Results and Reflection – Reaping the Benefits
Planning is an ongoing process that happens at different levels and different times dependent on resource availability and this is recognised by the 5 levels of Supply Chain Planning Horizon.
Lean supply chain management is challenging because so much happens outside the four walls. Time compression and inventory velocity are important in achieving end-to-end inventory speed. The benefits include higher inventory turns, less working capital, less cash burn, better cash flow, improved revenue yield maximization, and less write downs.
Inventory begins upstream where suppliers are and should flow.
Boost DC Performance & Solve DIM Challenges: Use Cubing and Dimensioning Tech...Angela Carver
The implementation of cubing and dimensioning technology is increasing in popularity due to their unique ability to solve a variety of frequently encountered supply chain challenges with a reasonable investment. Cubing and weighing solutions are now available in varying sizes, prices and durability options to meet the needs of any distribution center. These tools are designed to eliminate manual data entry, reduce inventory data errors and increase profits. Focusing on these operational improvements are more important than ever due to the increasing shipping rates for major carriers such as FedEx and UPS. The dimensional weight pricing structure raised the average shipping cost 30%. This led to warehouse operators searching for savings in other areas so as to not pass these rate increases on to their customers.
Datex partner, Rice Lake Weighing Systems, is one of the top providers of cubing and dimensioning technologies for the supply chain industry. They have been in business for over 70 years and now offer over 40,000 different weighing products for a variety of different industries. Their expertise has allowed many SCM businesses to make significant improvements to their operations ranging from more optimized inventory putaway and storage, improved carton selection, and more stable load/pallet building. When paired with warehouse management technology, cubing systems allow warehouses of any size to have more data available at their fingertips. This helps decision makers and staff make critical decisions on the fly while saving time and money. To get more information about implementing cubing and dimensioning technologies into your supply chain operation contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
Understand what value can be gained by using simulation-based predictive analytics for supply chain, distribution center, logistics and warehouse design, operations, and improvement
Understand the value of simulation based predictive analytics for distribution center, supply chain, logistics, or warehouse design, operations and performance improvement
CBS suite on SAP Business one enables you to manage the entire manufacturing, supply chain efficiently for domestic and global original equipment manufacturers (OEMs) and after-markets.
Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Camaraderie comes alive due to our Supply Chain Management Review Powerpoint Presentation Slides. Friendly feelings get expressed.
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Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Want to present your company’s supply chain management review report? Not finding suitable PPT templates for the same. No worries! We are here to help you out. Download our professionally designed supply chain management review PowerPoint presentation slides that will help you in explaining the various aspects of supply chain management. This supply chain analysis PPT presentation includes a slide on introduction, supply chain management process, SCM decision phases, strategic sourcing process, logistics & IT, planning & forecasting, inventory management, inventory management models, performance measures, a common problem with SCM, components of supply chain etc., which will help you leave an impact on your audience. Our research team has researched for the content and our graphics designers have converted it into an impressive presentation. This order fulfilment presentation PPT is suitable for topics like raw-material management, inventory management, supply chain logistics flow, material management, circular supply chain management, goods, and services flow etc. Download our supply chain management review PowerPoint presentation and accomplish your end goals. Camaraderie comes alive due to our Supply Chain Management Review Powerpoint Presentation Slides. Friendly feelings get expressed. https://bit.ly/3gZ8iGi
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
2. What You’ll Learn
• Challenges of Supply Chain Management
• Value of Information and Demand
Distortion
• Utilizing performance metrics to drive
supply chain effectiveness
• Transformation to Lean Supply Chain
• Creative Supply Chain Partnership and
Distribution Strategies
2SynerflexConsulting.com
4. 4
What is Supply Chain Mgmt?
• SCM = Integration of the activities
that procure materials, transform
them into intermediate goods & final
products, and deliver them to
customer.
SynerflexConsulting.com
5. 5
Suppliers Manufacturers Warehouses &
distribution centers
Customers
Material
Costs
Transportation
Costs
Manufacturing
Costs
Inventory
Costs
SynerflexConsulting.com
7. 7
Objective of SCM
To build a chain of suppliers that
focus on both reducing waste &
maximizing value to the ultimate
customer.
SynerflexConsulting.com
8. 8
SCM - Strategic Importance
How the Supply Chain can support the overall strategy?
Low-CostLow-Cost
StrategyStrategy
ResponseResponse
StrategyStrategy
DifferentiationDifferentiation
StrategyStrategy
Supplier’s
Goal
SupplySupply
demand atdemand at
lowestlowest
possible cost.possible cost.
Respond quicklyRespond quickly
to changingto changing
requirements &requirements &
demand to min.demand to min.
stockouts.stockouts.
Share marketShare market
research; jointlyresearch; jointly
develop products &develop products &
options.options.
Primary
Selection
Criteria
SelectSelect
primarily forprimarily for
cost.cost.
Select primarilySelect primarily
for capacity,for capacity,
speed, &speed, &
flexibility.flexibility.
Select primarily forSelect primarily for
productproduct
development skills.development skills.
Process
Characteris
tics
Maintain highMaintain high
averageaverage
utilization.utilization.
Invest in excessInvest in excess
capacity &capacity &
flexible process.flexible process.
Modular processesModular processes
that lendthat lend
themselves to massthemselves to mass
customization.customization.
SynerflexConsulting.com
9. 9
SCM - Strategic Importance (cont)
How the Supply Chain can support the overall strategy?
Low-CostLow-Cost
StrategyStrategy
ResponseResponse
StrategyStrategy
DifferentiationDifferentiation
StrategyStrategy
Inventory
Characterist
ics
Min inventoryMin inventory
throughout thethroughout the
chain to holdchain to hold
down costs.down costs.
DevelopDevelop
responsiveresponsive
system, withsystem, with
buffer stocksbuffer stocks
positioned topositioned to
ensure supply.ensure supply.
Min inventory in theMin inventory in the
chain to avoidchain to avoid
obsolescence.obsolescence.
Lead-Time
Characterist
ics
Shorten leadShorten lead
time as long astime as long as
it does notit does not
increase costs.increase costs.
InvestInvest
aggressively toaggressively to
reduce productionreduce production
lead time.lead time.
Invest aggressivelyInvest aggressively
to reduceto reduce
development leaddevelopment lead
time.time.
Product-
Design
Characterist
ics
MaxMax
performance &performance &
min cost.min cost.
Use productUse product
designs that leaddesigns that lead
to low setup timeto low setup time
& rapid production& rapid production
ramp-up.ramp-up.
Use modular designUse modular design
to postpone productto postpone product
differentiation for asdifferentiation for as
long as possible.long as possible.
13. 13
The “Bullwhip Effect”
The ordering patterns share a common
recurring theme:
• The variability of an upstream site are always
greater than those of the downstream site
SynerflexConsulting.com
14. 14
Causes of “Bullwhip” Effect
• Demand forecasting & Lead time
• Order batching
• Price fluctuation
• Shortage gaming / Inflated orders
SynerflexConsulting.com
16. 16
Demand Forecasting & Lead
Time
• Traditional inventory mgmt lead to bull-whip –
min/max inv policy
• Forecasting difficulties – based on historical
data
• Order change constantly – increase variability
• Safety stocks that depend on erratic variance
on demand & long lead time
SynerflexConsulting.com
17. 17
Batch Ordering
• Economic of scale
• MRP driven requirement
• Lower transportation cost
• “Push Ordering” for short term performance
measures
SynerflexConsulting.com
18. 18
Price Fluctuation
• Discounts & promotions
• Quantity discounts
• In anticipation of future price increase
SynerflexConsulting.com
19. 19
Shortage Gaming/ Inflated
Orders
• Happen when demand > supply
• Customers exaggerate real needs
• When constraints removed, orders drop
• Examples: Passive components in the 1999-
2000
SynerflexConsulting.com
20. 20
To Counteract the “Bullwhip”
• Information Sharing
• Break Order Batches &
Collaborative Planning
• Stabilize Prices
• Eliminate Gaming in Shortage
Situations
Subscribe to our newsletter & find out more Details
about these approaches…
Go to SynerflexConsulting.com
22. 22
SCM Metrics
• Biz performance measure:
– No longer focused on individual
company
– Based on whole supply chain
• Ultimate goal = Customer Satisfaction
• Focus on Two dimensions
– One dimension – single company
– Two dimension – multi-functional &
multi-company
SynerflexConsulting.com
23. 23
3 Key Dimensions
• Service
– Anticipate & fulfill customer demand
– Personalized products
– On time delivery
• Assets
– Inventory & cash
• Speed
– Responsiveness & velocity of execution
SynerflexConsulting.com
24. 24
Service Metrics
Measure how well we are serving our customers
Make to Stock (MTS) Make to Order (MTO)
Line Item Fill Rate
Complete Order Fill Rate
Delivery Process On-Time
$Backorder/Lost Sales
No of Backorders
Aging of Backorders
Quoted Cust Response Time
% On-Time Completion
Delivery Process On-Time
$ of Late Orders
# of Late Orders
Aging of Late Orders
SynerflexConsulting.com
25. Subscribe to our newsletter & find
out more Details about the other 2
dimensions of measurement
(assets & Speed)…
Go to SynerflexConsulting.com
SynerflexConsulting.com 25
28. Subscribe to our newsletter & find
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Editor's Notes
11 Source: U.S. Department of Commerce, Bureau of Census, 1987 Census of Manufacturers: General Summary of Retail Trade (Washington, D.C.: Government Printing Office, 1991)
Information about demand/orders flows from retailer to factory While distribution of good flows the other way
Draw a bullwhip diagram
Forecasting is just plain difficult, most retailers provide forecast based on historical sales, (but dd is influnced on pricing, promotions, and competitive products) as such, supplier have to consider historical data to forecast forward When a downstream operation places an order, the upstream supplier processes that infor as a signal about future product demand. In another words, actual orders data from customers will be adjusted and reflect in the forecast. As demand variation increases, safety stock grow, the SS pile will be higher when leadtime is long, illustrate with example of 10/day for demand, ss will be 140 when leadtime is 2 weeks and 70 when lead time is 1 week
Economy of scale in ordering costs and manufacturing set up costs MRP usually run in week or month, prompt batch order FTL rates In Push ordering, salesperson want to achieve sales quota
When price is low, retailers buy and stock up, and deplete the inventory when price resume normal Suppliers often offer discounts for buying bulk. Sometimes retailers will buy ahead of good selling products in anticipation of price increase The above 3 causes results in customers not buying to demand consumption And it results in plants having to run OT to boost output but idling after that Add in a chart from stanford, demand fluctuation pg 8
3. Examples was in 1990s when the market anticipate shortages on DRAM chips. Customers placed orders with multiple suppliers, buy from the first one that delivered, and cancel rest of the orders Another examples would be HP laserjet III when HP cannot meet the demand for its printers, when HP lifted its constraints on manufacturing, resellers cancel orders, excess inventories and capacity increases were in millions Another example, motorola handset in 1995, distributors like airtouch communication and baby bells anticipate shortage and over order. Result, when constraint was removed, motorola shares tumbled 10%.