MGBU 3438 Study Guide - Midterm Guide: Vendor-Managed Inventory, Operations Management, Dell

• School: Fordham University
• Department: Management Science
• Course: MGBU 3438
• Professor: Dongli Zhang

Document Summary

Broad polices and plans that guide use of resources needed by firm to implement corporate strategy. Inputs process outputs (using resources: products/people/information flow through process. Supply chain (sc): stages involved (directly/indirectly) in fulfilling specific customer request. Sc management: managing flows required from initial to end customers. Weeks of supply (how long last without new inventory) = (avg. Retailers (each with little variability in orders) greater variability for fewer number of wholesalers and even greater variability for single manufacturer. Increases costs at every stage in supply chain and reduces profitability: reduce demand fluctuations, fast recognition of changes (collaboration, reduce lead time (time needed to respond to order) Vendor managed inventory: consumer provides info to supplier, full responsibly for maintaining agreed inventory of material at buyers consumption location. Continuously operating (daily: continuous flow, assembly line, manufacturing cell batch, workcenter job shop. Continuous: flow from one operation to the next (liquid/semi-solid) Extremley capital intensive: specialized equipment 8710