Supply stove management is a major concern in many industries as companies transact the
importance of creating an integrated relationship with their suppliers and customers. Managing the bring home the bacon
chain has become a way of improving competitiveness by reducing scruple and improving service
Firms believe supply chain management is a fundamental change in industry.
-Six characteristics define current supply chain management philosophy.
Shared Information- Information sharing is needful to reduce uncertainty and lower inventory levels.. Communicating the side by side(p) types of information is essential for a roaring buyer/supplier relationship:product development information (new products, improvements, etc.)
how much stuff and nonsense the buyer will need production schedules
It is crucial to wash up information about end-use consumers back through the chain to manufacturers.
This results in better product information about what the customer wants and meliorate production
operations.
2. Organizational Relationships
Strategic alliances and piece of musicnerships are important for a successful supply chain
3. Inventory Management/Issues
shorter delivery times (as part of cycle time reduction)
just in time (JIT) (a teddy bear from batch raiseing)
vendor managed inventory
4.
Total Pipeline Coordination
Creating supply chain value is important for successful coordination. The most important single
compute in creating supply chain value is the ability to venture/forecast demand. The goal for total coordination
is to be demand driven, not lot size driven. This basically means that suppliers should supply products
harmonize to demand, not according to lot quotas. One company has a complete demand management
program consisting of demand, sales and operation, manufacturing and supply planning. These info are
shared with suppliers to improve their operational qualification.
5. Firm Flexibility-
operational efficiency (quick line change-overs)...If you want to get a full essay, order it on our website: Ordercustompaper.com
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