BU395 Study Guide - Final Guide: Max Q, Carrying Cost, Economic Production Quantity
Document Summary
Ch. 11 sc mgmt: sc= value chain 2 movements: (1) physical movement of materials; (2) info & money sc mgmt. ; selecting a mode: calculate each total transportation & inventory holding costs (assume same reliability & safety stock, & buyer takes ownership at supplier"s location & pays for delivery). Useful in multi-echelon distribution networks; hierarchical levels; push system: based on forecasts/plans (vs. qr which is pull system based on actual demand. ); continuous process: more receiving/shipping; job shop: more w. i. p: reverse logistics: backward flow of goods returned to sc from consumer; return mgmt. ; (3) relationship btwn suppliers be missed: spend analysis: analyzing expenditure data to reduce procurement cost, improve efficiency, monitor compliance w. policies can save 5% cost! : choosing: consider quality, flexibility, location, price, lt, rep, customers, post-sale; certification: vs. inspect; partnership: fewer suppliers, more lt relationships/ info sharing, lower costs, improve quality/design, faster to market.
