ORA 6 Flashcards
3 flows in SCM
– Product (Suppliers to Consumers)
– Money (Consumers to Suppliers)
– Information (both ways)
ORDER:
SUPPLIER > MANUF > DISTRIB > RETAILER > CONSUMER
Out of these, which are not part of the Supply Chain Org?
– suppliers
– Company
– customers
– consumers
consumers
_____ is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right location, and at the right time, in order to minimize systemwide cost while satisfying service level requirements
Supply Chain Management
What are the 5 Rights in the SCM to optimize decisions
– Right Price
– Right Amount
– Right Time
– Right Place
– Right Quality
Known as ____ (Long, medium, or Day-to-day?) Decisions?
- Top Management
- Grooundwork for the entire SC process
- ‘big-picture’ decisions
- Decision is more SUBJECTIVE. Data is important, but human judgement is necessary
AKA ___ decisions
Strategic or Long term Decisions
Known as ____ (Long, medium, or Day-to-day?) Decisions?
- Involve leaders in departments
- A more specific process
- Decision is in BETWEEN subjective and
objective. Data will be aggregate rather than detail
AKA ___ decisions
Tactical or Medium Term Decisions
Known as ____ (Long, medium, or Day-to-day?) Decisions?
- Most commonly encountered
- Decision is more OBJECTIVE, detail
data should be used extensively
AKA ___ decisions
Day - to day or Operational decisions
Which type of decision is necessary for the following
- Network DESIGN
- Transportation Mode SELECTION
- Vendor / Supplier SELECTION
- Labor Strategy Optimization
- Revenue Management
- Capacity Planning
- Product MIX
Long term decisions
Which type of decision is necessary for the following
- Inventory Optimization
* Maintenance Planning
* Production Planning
* Supply Planning
* Demand Planning
* Order Planning
* Sales and Operation Planning
Medium term decisions
Which type of decision is necessary for the following
* Vehicle Routing
* Workforce Scheduling/Rostering
* Resource Allocation/Utilization
* Machine Scheduling
* Logistics / Shipment Planning and Routing
* Real-time Dispatching
Operational or Day - to Daya decisions
___ is made before we know what will happen in the future. It is involving take
account of the known and unknown uncertainty.
DEcisions
True or false: Almost all of supply chain decisions will have trade-offs
True
example:
* Cost vs Quality / Service Level
* Speed vs Cost
* Cost vs Speed
* Risk vs Return
* Cost vs Environment Impact
- How to order -> ____
- When to order ->
- What is the maximum inventory -> ___
- Where to put a single DC -> ____
- How many facilities and what is the flow -> ____
- EOQ Economic Order Quanitity
- ROP Reorder point
- (s,S) (Min inv, Max in)
- Gravity Location Model
- MIP
- Where to locate plant -> ____
- Which product and how much to produce -> ___
- Which route to select -> ___
- MCDM
- MIP
- VRP
- Which third party to select -> ____
- What is the capacity level -> ___
- What order picking to choose -> ___
- MCDM
- Decision Tree
- Simulation
3 types of analytics approach?
From top to bottom of the hierarchy
– Prescriptive
– Predictive
– Descriptive
what type of analytics approach
- Mathematical Model + Future Information
- Assisted Decision Making
- Give suggestions
What happens during this type of analytics:
1. Mathematical Optimization ( MILP )
1. Consider intermodal network (rail,road,sea)
2. Consider topology of Indonesia (sparse network)
2. Simulation (Numerical simulation)
Prescriptive Analytics
Personal note: Decisions based on the predictive analytics or forecasts
PRESCRIPTIVE TOOLS?
- Simulation, Math.
- Programming
- Artificial Intelligence
what type of analytics approach
- Data + Computing power
- Auto-classification, future events, hidden patterns
What happens during this type of analytics:
1. Forecasting techniques
* Quantitative – Time Series
* Qualitative (Expert Judgement)
Predictive analytics
Personal note: ONLY PREDICTS OUTCOMES but it does not involve making decisions. it guides lang in making decisions
PREDICTIVE TOOLS
- Regression
- Forecasting techniques
- Machine Learning & Datamining
- Predicting future data
what type of analytics approach?
- Post data analysis
- U n d e r s t a n d t h e p r o b l e m
- Visualisation, correlation, business intelligence
What happens during this type of analytics:
1. Data Gathering
2. Understand the Problem Domain
3. Data Analysis
4. Data Visualization
Descriptive Analytics
DESCRIPTIVE TOOLS
- Tools:
– Statistics,
– Data visualization (dashboard, graph, chart, diagram)
Supply Chain Network Design is about determining the optimal ____, ___ and ___ of facilities
– number
– size
– locations
With good facility location in SCM network design, Expect ____% cost savings and service improvement
5-15
The goal of the _______ – to find the shortest possible route that visits each city once and returns to the original city – is simple, but solving the problem is a complex and challenging endeavor.
TSP or Travelling salesman Problem
The goal of the _____ is to find optimal routes for multiple vehicles visiting a set of locations. (When there’s only one vehicle, it reduces to the Traveling Salesman Problem.)
VSP or Vehicle Routing Problem
RESEARCH IKIGAI
What you ____
What you ____
What you ____
What you ____
– Good at
(PASSION)
– Love
(MISSION)
– Needs
(VOCATION)
– Paid For
(PROFESSION)
–Good at
