Lesson 5 Flashcards
this includes supply chain visibility, simultaneous resource consideration, and resource utilization
supply chain planning
this visibility is about location and status inventory
supply chain visibility
what consideration includes jointly balance supply chain in terms of demand, capacity, material requirements, and constraints, and jointly balance supply chain assets such as raw materials, production, storage, and transportation?
simultaneous resource consideration
use of plant and equipment resources, production run lengths, set-ups, and complete trade-off assessment
resource utilization
TRUE OR FALSE
The supply chain planning objectives within the firm are to develop a consistent forecast and balance supply and demand
true
TRUE OR FALSE
The supply chain planning objective exchange demand and inventory availability info with their supply chain partners
true
TRUE OR FALSE
The supply chain planning objective DOES NOT NEED to develop consistent inventory availability
false
4 planning applications of Supply Chain
demand planning
production planning
logistics planning
inventory deployment
forecasting of unit sales by geography and product
demand planning
development of a manufacturing plan considering resource availability
production planning
3 manufacturing strategies in production planning
MTO, ATO, MTS
coordinating overall movement demand, vehicle availability, and transportation expense
logistics planning
coordinating product demand with the ability to produce and ship product to consumer
inventory deployment
An internal-to-firm demand collaboration process where individuals from operations-focused and customer-facing processes collaborate to develop a coordinated plan for
responding to customer requirements within the resource constraints of the enterprise
Sales & Operations Planning (S&OP)
this collaboratively establishes a coordinated plan for responding to customer requirements
S&OP
TRUE OR FALSE
One of the benefits of S&OP is that it increases forecast accuracy and improves customer service and perfect order percent
true
what are the barriers to effective S&OP
- disconnect bet. S&OP and corpo strategy
- unrealistic “single number”
- biased leader
what system focuses on component, considers network of plants, distribution centers, and customers, and requires links for lead times
advanced planning and scheduling
what are the 4 APS System Components
demand management
resource management
resource optimization
resource allocation (ATP, CTP)
why is balance hard to achieve?
because supply and demand have different objectives in terms of operations and customer facing
coordinates the requirements planning process between supply chain partners for demand creation and demand fulfillment activities
collaborative planning, forecasting, and replenishment (CPFR)
identifies how suppliers can enhance customer value. facilitates joint product innovation and development, enhance the relationship between firm and supplier
supplier integration
facilitates customer segmentation with key customers, allows firms to customize products and delivery capabilities
customer integration
