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Supply Chain - Speed To Market
The document discusses the importance of supply chain efficiency and speed to market as a competitive advantage, drawing parallels with the high-stakes world of Formula 1 racing. It highlights strategies for improving driver safety while managing risk, as well as analyzing supply chain dynamics such as demand forecasting and inventory management under the influence of GST in India. Key recommendations include enhancing track safety, optimizing inventory levels, and ensuring end-to-end visibility in supply chain operations.
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Supply Chain - Speed To Market
- 1. www.SynCoregroup.comwww.syncoreindia.com Click to editMaster title style 20th April 2018 Mumbai Supply Chain Speed To Market Making it a Decisive Competitive Edge
- 4. The progression ofthe economic value • Commodities Goods Services Experiences
- 5. Some Impact Areas… •End to End Visibility • Warehouse Management • Digitization • Manufacturing • SCAnalytics
- 6. Formula 1 World’s premiermotorsport Top speeds in excess of 320 kmph Cars weighing less than 600 kgs Winning margins in milliseconds Cars costing millions of dollars each Extremely risky
- 7. Formula 1: Deaths 1950-55: 8 1956-60 : 10 1961-65 : 6 1966-70: 8 1971-75: 6 1976-80: 4 1981-85: 2 1986-90: 1 1991-95:1 1995-2000: 0 2000-05: 0 2006-10:0 2011-15:0 2015-17: 1
- 8. Formula 1 –Problem Statement How to dramatically improve driver safety in a sport that encourages risk taking and where speed is the primary attraction?
- 9. Formula 1 –The Path Video of Ayrton Senna’s crash Dr. Sid Watkins Analysis of tracks around the following key parameters: • Corner speed and grip • Car slippage, frequency and points of high vulnerability • Track design, angles, camber etc • Track temperatures, weather, dust etc Resultant actions • Development and deployment of superior track surface materials • Changing the track design • Run-off areas with gravel traps and deformable barriers in high risk areas
- 10. Areas • Demand Analysis •Supply / Production Analysis • Distribution Analysis • Sales Analysis • Inventory Analysis • Pending Orders • Lost Sales • Inventory Turns • Lead Times • Combinations thereof
- 11. 0.00 50000.00 100000.00 150000.00 Apr-12 Aug-12 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Forecast Forecast from Model Sales Supply Forecast Forecasting1Demand Planning2 Supply Planning3 Distribution Planning 4 Examine historical sales data, customer orders, shipments, current sales and market indicators to better predict demand patterns based on market changes to make smart decisions about inventory and production levels Using Inventory Norms and Color priorities for replenishing each receiving node based on the consumption to ensure maximum availability throughout the month 99% Availability @ Depots End-to-End Integrated Supply Chain Solution RMPM Planning4 Getting right priorities through color coding & arriving @ RMPM requirement using “Indenting Calculator” with inputs from Supply Plans given to units Using Product Classification SOPs along with Inventory Norms & Color priorities to arrive at Supply Plans to be given to the Units
- 13. India – GST– Supply Chain Impact • Shorter lead times • Shorter payment cycles • Faster deliveries • Liquidation of excess inventories in the market – impact on distributor number of days