logistics ch 5 supply chain management

Leagility

- hybrid approach, combines aspects of both lean and agile as a way to focus part of ones supply chain on a timely response to fluctuating customer orders and or product variety and another part of the supply chain on leveling out the planning requirements to smooth production output

Third party logistics

- one company allows a specialist company to provide it with one or more logistics functions

Fourth party logistics

a company whose primary purpose is to ensure the various 3PLs are working toward the relevant supply chain goals and objectives

Bullwhip effect

characterized by variability in demand orders among supply chain members, the end result of which is inventory bumps

supply chain

combination of processes, functions, activities, relationships and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end user or consumer

Supply chain analytics

combines technology with manual employee effort to identify trends , perform comparisons, and highlight opportunities in supply chain processes, even when large amounts of data are involved

supply chain collaboration

cooperative relationships between members of a supply chain, formal or informal, between companies and their customers, established to enhance the overall business performance of all parties

supply chain partnetship

defined as a tailored business relationship between two supply chain members. includes: • High interdependence among partners • Increased willingness to share information • Compatible goals • Mutual trust • Buying decisions based on value opposed to cost or price

Fast Supply Chain

emphasizes a speed and time component

Lean supply chain

focus on eliminating all waste, including time, to ensure a level schedule, used where customer demand is relatively stable and the need for variety is low

Agile supply chain

focuses on an organization's ability to respond to changes in demand with respect to volume and variety

SCOR Model

model focused on logistics, operations, and procurement functions. • Logistics has some involvement in both sourcing and making • Logistics can be involved in delivering and returning • Logistics is also a key area of consideration within SCOR's planning and enabling processes

GSCF Model

model that involves all business functions. • Logistics considerations such as on time delivery and pickup could arise within the order fulfillment process as well as being monitored by the customer server management process • Logistics decisions support of a new product surface in manufacturing flow, demand management, product development and commercialization • Reverse logistics is a key consideration for the returns management process

supply chain management

the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders

Barriers to supply chain mamagement

• Regulatory and political considerations • Lack of top management commitment • Reluctance to share, or use, relevant data • Incompatible information systems • Incompatible corporate structures • Globalization