Lecture 1 Flashcards
(12 cards)
There are three chains in a supply chain. What are they?
Information, physical, financial
What is a Push view?
The company produce based on forecast of customers demand, and then customers buy that. Called forecast driven.
What is a pull view?
the customer tells the retailer what they want and they manufacturer does it and then sell it. It means order driven.
What is the point between a pusch and pull?
De coupling point
What is strategic fit?
Strategic fit is when overall (competitive) strategy and supply chain strategy have aligned goals
HWat steps do we take to reach an strategic fit?
1) Understanding customer and supply chain uncertainty, 2) Understanding supply chain capabilities, and 3) Matching.
Implied demand uncertainty?
resulting uncertainty for the
supply chain given the portion of the demand the supply chain must handle and attributes the customer desires. As customer needs changes the uncertinaty increases because of different reasons,
What causes supply uncertainty to increase in the supply source capapbilites?
Frequent breakdowns, unpredictable yield, poor quality, limited & inflexible supply capacity, and evovling production process
On a scale between predictable supply and demand & highly uncertiain supply and demand on each end. What do we find in the middle?
Predictable supply and uncertain demand
or
Uncertain supply and predictable demand
or
somewhat uncertain supply and demand
Describe the achieving strategic fit model.
Vertically there is the responsivness spectrum with responsive supply chain at the top and efficient supply chian at the bottom. Horitsontal, implied uncertainty spectrum, with certain demand to teh left an duncertain demand on the right. Diagoally you find the “zone of strategic fit”.
What is an efficeint supply chains charaterisitics?
primary goal is to supply demand at lowest cost. Have low margins. Minimize inventory. Select supplirs based on cost and quality.
What is an responsive supply chains charaterisitics?
the primary goal is to respond quickly to demand. Price is not a prime customer driven. flexibility in manufactoring. reduce lead time as much as possible. Select suppliers based on speed, flexibility, reliability and quality.
