Mktg 372 - chapter 2 study play defines, relative to its competitors, and efficiency for a supply chain facing low implied uncertainty and purchasing-must also be consistent with the supply chain's level of responsiveness the key issue is for a company to design a tailored supply chain that is able to be efficient when implied uncertainty is low and responsive when it is high. Free essay: supply chain responsiveness and efficiency – complementing or contradicting each other dennis minnich1 frank h maier2 international university. The second of two modules in our series on supply chain strategies learn about the newsvendor model for inventory analysis under supply and demand uncertainty, demand management/yield management, and risk-sharing contracts between suppliers and customers. By neringa murauskiene, marketing manager, fobiss the primary purpose for the existence of any supply chain is to satisfy customer needs and generate business profits — the cash supply chain is no an exception to this rule.
Supply chain responsiveness and efficiency – complementing or contradicting each other dennis minnich1 frank h maier2 international university in germany. Efficiency is well and good, but without responsiveness, your supply chain is vulnerable to disaster. Request pdf on researchgate | efficient versus responsive supply chain choice: an empirical examination of influential factors | contemporary strategies in operations management suggest that successful firms align supply chain assets with product demand characteristics in order to exploit the profit potential of product lines fully however, observation suggests that supply chain assets often are. Inventory policies can dramatically alter a supply chain’s efficiency and responsiveness why hold inventory unexpected changes in customer demand (always hard to predict, and uncertainty is growing centralization of facilities uses economies of scale to increase supply chain efficiency (fewer locations and less inventory) usually at the expense of documents similar to drivers of supply chain management - final supply chain drivers uploaded by abhinaba ghose role of.
The research strives for a better understanding of these aspects: what are the structural consequences of implementing strategies striving for efficiency. Supply chain responsiveness and efficiency – complementing or contradicting each other dennis minnich1 frank h maier2 international university in germany campus 1 76646 bruchsal, germany phone +49 7251 700-341 fax +49 7251 700-350 e-mail [email protected] Get out a blank sheet of paper and make two columns label the first column efficiency and label the second one responsiveness now think about your company and its capabilities. These drivers interact with each other to determine the supply chain’s performance in terms of responsiveness and efficiency as a result, the structure of these drivers. Variability in all forms is the enemy of supply chain efficiency if there was no variability in consumers’ tastes, in product portfolios, in manufacturing, responsiveness and efficiency following are some of the ways that supply chain leaders are managing demand variability and volatility for competitive advantage in general,.
The first of two modules covering supply chain strategies learn the differences between efficient and responsive supply chains and the correct strategies to use based on your product type and location in the product life cycle. To create strategic fit between competitive strategy and supply chain strategy of its global supply chain, a company must find a right balance between responsiveness and efficiency. Boeing and supply chain structural improvements essay boeing and supply chain structural improvements essay 1042 words may 4th, 2013 5 pages learning plan 6 supply chain responsiveness and efficiency more about boeing and supply chain structural improvements essay supply chain managment essay 832 words | 4 pages supply chain. Strategic supply chain modeling – a supply chain perspective of cost efficiency and responsiveness by gangaraju vanteddu dissertation submitted to the graduate school.
Responsive supply chain: a competitive strategy in a networked economy the following are key to the success of a responsive supply chain: timely information sharing, shortening the total cycle time, coordinating the workflow at different tiers of the supply chain, if anything, the unfamiliarity of the technologies could impede efficiency in communications , ,. Supply chain simulation efficiency versus responsiveness by michael hugos on april 30, 2014 get out a blank sheet of paper and make two columns label the first column “efficiency” and label the second one “responsiveness” your company either explicitly or implicitly emphasizes efficiency or responsiveness as the main way to differentiate itself from its competitors. Supply chain management chap 3 responsiveness versus efficiency – increasing inventory generally makes the supply chain more responsive – a higher level of inventory facilitates a reduction in production and transportation costs because of improved economies of scale – inventory holding costs increase of performing a supply chain activity and the value this activity brings to the supply chain – strategy may support efficiency in the supply chain, lower supply chain costs,. The greatest innovation since the assembly line: powerful strategies for business agility michael hugos meghan-kiffer press, 2007, 226 pages, $2495.
Responsive supply chain abstract short product lifecycles, fickle consumers and dispersed supply chains characterize today’s retail, apparel and footwear environment focused on efficiency alone supply chain responsiveness through flexibility predicting what trends will be hot next season, or the sales lift caused by a tv celebrity endorsement are almost as hard as forecasting the weather while. Measuring supply chain performance through kpi identification and evaluation master’s thesis in “supply chain management” and quality and operations figure 2-2 relationship between responsiveness and efficiency and implied demand uncertainty adapted from chopra and meindl (2013). Not all participants will be in all supply chains it will depend on the needs of the customer and the roles of the participants fulfilling these needs - the supply chain in reality looks like a web : competitive strategysupply chain strategyresponsivenessefficiencysupply chain structureinformationinventoryfacilitiestransportationdrivers supply chain managementresponsiveness of supply chain:.