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Supply Chain Management Notes

The document discusses various topics related to supply chain management including characteristics of mass production, aims of lean manufacturing, benefits of modular production, differences between manufacturing and service industries, the utility of warehouses, the role of IT in designing supply chains, reasons for conducting GAP analyses, principles of benchmarking in supply chains, advantages of containerization, characteristics of packaging, benefits of strategic alliances, characteristics and risks of outsourcing, factors in make-or-buy decisions, components of a balanced scorecard, ethical issues in SCM, managing warehouses and inventory, how integrating supply chains can strengthen them, designing logistic systems, and current trends in supply chains such as sustainability and resilience.

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Rajat Shetty
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58 views

Supply Chain Management Notes

The document discusses various topics related to supply chain management including characteristics of mass production, aims of lean manufacturing, benefits of modular production, differences between manufacturing and service industries, the utility of warehouses, the role of IT in designing supply chains, reasons for conducting GAP analyses, principles of benchmarking in supply chains, advantages of containerization, characteristics of packaging, benefits of strategic alliances, characteristics and risks of outsourcing, factors in make-or-buy decisions, components of a balanced scorecard, ethical issues in SCM, managing warehouses and inventory, how integrating supply chains can strengthen them, designing logistic systems, and current trends in supply chains such as sustainability and resilience.

Uploaded by

Rajat Shetty
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

Characteristics of mass production


- Stable market
- Few competing local firms
- Standard and fixed product design
- Labour intensive production
- High focus on volume of production
- High demand and low supply of the product
- Customer was ready to wait
- Reasonable pricing and average quality

2. Aims of lean manufacturing


- Waste reduction
- Reduction in manufacturing cycle time
- High quality
- System flexibility
- Reduction in cash outflow

3. Modular production
- Faster time to market
- Reduced cost
- Safety benefits
- Fewer resource requirements
- Higher quality assembly and fabrication

4. Characteristics of manufacturing and service industry


- Manufacturing industry
- Raw material to finished product
- Productivity measurable
- Quality standard can be stablished
- Material handling expenses high
- High investment
- Lead time is longer
- Higher degree of automation is possible
- Service Industry
- Intangible
- Productivity is difficult to measure
- Quality difficult to establish
- Service provider influences customer
- Service cannot be stored
- Resale of service is not possible
- Lead time is low

5. Utility of warehouse
- Regular production
- Time utility
- Store of surplus goods
- Price stabilization
- Minimization of risk
- Packaging and grading
- Financing

6. Role of I.T in designing supply chain


- Organization
- Forecasting vs actual order
- Production process
- Bar coding and RFID system
- E-commerce and e-business
- Transportation and tracking order
- R&D work
- Creation of SAP and equivalent software packages
- Sustaining integrated global supply chain
- Substantial reduction in operational cost of business

7. Why GAP analysis is performed


- Improving sales
- Getting certification
- Implementing new business segments
- Entering new markets
- Launching new products
- Improving customer service

8. Principles of benchmarking in supply chain


- Set your targets
- Know your distance to target
- Learn how to develop a best-in-class supply chain
- Reduce your operating cost
- Build a baseline for continuous improvement
- Select and implement supply chain best practice
- Develop a sustainable supply chain

9. Advantages of containerization
- Reduction in insurance cost
- Increased scope of mechanization
- Relief from poor handling of goods
- Implementation of refrigerated containers
- No wear and tear of goods
- Storage for commodities in transit

10.Characteristics of packaging
- Convenient
- Attractive
- Economical
- Communicative
- Protective
- Environment friendly

11.How strategic alliance is beneficial


- Capacity
- Inventory
- Transportation
- Procurement
- Receivables
- Surplus through reduction in multiplicity of buyer-seller relationship

12.Characteristics and risk involved in outsourcing


- Characteristics
- Not a make or buy decision
- Value addition
- Cost reduction
- Freeing up production capacity
- Improves flexibility
- Risks
- Control
- Very costly method
- High complexity in designing supply chain
- Core competence

13.Factors involved in make or buy decision


- Size of the company
- Difficulties in manufacturing
- Quality of goods
- Profit factor
- Capacity to manufacture

14. Balanced scorecard


- Financial
- Customer focus
- Process focus
- R&D

15.Ethical issues in supply chain management


- Finance
- Human resource management
- Ethics in marketing
- IT crimes
- Environmental ethics
- General business ethics

16.How to manage warehouse including inventory


- Use fixed and movable objects
- Eliminate lag with real time information
- Track high sellers
- Remember personal identification
- Don’t be afraid to reorganize your floor plan
- Link accuracy with inventory levels
- Explore money saving

17.How integration of supply chain helps in strengthening supply chain?


- Flexibility
- Eliminate waste
- Lower cost
- Stay on top of demand
- Higher profit margin
- Data centralization

18.How will you design logistic system


- Distance
- Volume/weight
- Density/storability
- Handling cost
- Market factor
- Selection of mode of transport
- Costing principles

19.Current trends in supply chain


- Sustainable supply chain
- Resilient supply chain
- Green supply chain
- Lean supply chain

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