Management and Organizational Studies 3330A/B- Final Exam Guide - Comprehensive Notes for the exam ( 41 pages long!)

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3330A/B
• Professor: Benjamin Marcus

Document Summary

Clothing company ships shirts from europe to be cut into v-necks when in distribution centre: some businesses cannot take advantage of this because they have many different products that do not require the additional customization (ex. Canadian tire has a large variety of goods that are not easily customizable: vendor-managed inventory, let the vendor manage ordering, warehousing, shipping, and placing products, ex. Benefits from supply chain management: lower inventory, shorter cycle time, lower total cost, higher service levels, stronger relationship with supply chain members. Inventory control systems: different ways of determining when and how to order, q system = fixed quantity, p system = fixed time period, abc system. Inventory levels are not as high because they can respond quickly to a shortage: harder to combine orders from the same supplier because various products may not run out at the same time.