Supply Chain Flashcards
What is the supply chain focus?
relationship between management in differing external and internal functions in a fashion business
Reduce costs
Enhance profit
What are the influences on supply chain
New rules of competition -string marketing
Globalism - globally sources materials
Downward price pressures- greater choice and competition
Customer control - controlling customers through the aid of value ie - delivery of time, return policy
Types of globalism
Dual sourcing - not all Martians are from one place
Customisation - generic and local
What is the omni channel
Concentrating on a seamless approach to consumers experience though shopping
What is price pressure
Time of year
Weather
Competition
4 R’s
Responsive
Reliability
Resilience
Relationships
What are the supply chain approaches
Lean - about reducing cost and lowering waste, high volume - low variability,long product life line, low margins
Agile - adapts to demand quickly, short planning process, time saving, short life line, high margins
Continuous replenishment - good collab and high predictable demand
What can the supply chain approaches bring th the supply chain management
Can make it easier to create a reflective product
Supply chain methods
Manufacturing requirement planning
Just in time
Quick response
Continuous replenishment
Materials requirement planning
Push system - materials ordered against project demand, eliminates buffer stock, depends on Timelines and accurate forecasting
HIGH FASHION
Just in time
Flexible manufacturing systems
Narrow range of similar products
Short lean times
HIGH FASHION
Quick responsive
Supply flexibility
Customised manufacturing
Business relationship development
Continuous replenishment
Supply flexibility production in real time
Unit sales passed onto retailer to suppliers
Business relationship development
What is a supply chain?
The management of upstream and downstream relationships with suppliers and customers in order to supply customers with value that costs less to the supply chain
