Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
Bartleby Related Questions Icon

Related questions

Question
Please explain each block (15blocks) and map with the concepts learned in class e.g. SCOR model, manufacturing strategies, VMI, Kaizen, FIFO, GIGO, postponement, supply chain analytics, etc.
Strategak Supply Chain Management Canvas
Plan
Efficiency
(Eliminate or Reduce)
Design
Supply Chain Design
- How many warehouse
and factories should you
have?
- Where should they be located?
-How big should they be?
Supply Chain Analytics
How is your organization
performing?
What did it happen?
What will happen?
How can we make it happen?
Fixed
Assets
- What is your assets turnover?
- What are your bottleneck
operations?
- Outsourcing strategy?
Capital budgeting?
-Should you make a facility
expansion?
Supply Chain Planning
DEMAND PLAN
What is the market plan?
- Product/brand plan?
- Sales plan?
- Sales forecast?
CE
Promotion plan?
Master scheduling plan?
- Capacity plan?
- Purchasing plan?
- Production plan?
- Resource plan?
Inventory plan?
Distribution plan?
-Warehouse plan?
- Transportation plan?
SERP/IT
Material Requirements
Planning (MRP)?
Warehouse Management Sustem
(WMS)?
- Labor Management System (LMS)?
Transportation Management System
(TMS)?
- Supply Chain Optimization
Software?
-Supply Chain Analytics Software?
Inventory
- What to stock
Is your investment too high?
-In what quantities to stock?
- Where to stock?
Credit icons author: https://www.flaticon.com
P
Lean approach vs. stock?
- Reliable & responsive supply chain?
- Are your fill rates too low?
-Safety stock vs. raise service?
- Risk pooling?
Balance Sheet
G
Source & Make
Procurement & Sourcing
- How do you optimize the
purchasing price?
- How do you optimize the
operational costs?
- How do you optimize the
transaction costs?
IBC
What is the classification of your
purchasing materials requirements?
What is the strategic positioning and
action plan?
Manufacturing
- What is the production
environment (MTS, MTO,
etc.) for our products?
What is our production strategy?
Account Payable
What money is owed this
period? What percentage
is past due?
- How quickly is the organization
paying?
- What percentage of accounts is not
meeting terms? What is the value
of overdue accounts?
- Which vendors are problematic?
- What is the average/weighted
average days past due?
Deliver
Warehousing
- What storage systems?
What material handling?
- What putaway strategy?
Which order types?
- What removal strategy?
What picking strategy?
- How do you control inventory?
Transportation
What is the modal mix?
- What is the right packing?
What is the right number of
carriers?
-Should we have our own fleet?
- What is the right fleet size,
equipment mix, and location?
How many routes should we have?
Cost Improvements
- Procurement savings?
- What is the inventory
carrying costs?
-Total fulfilment cost?
- Total supply chain costs?
-Lean waste costs?
-Reverse logistics costs?
- Cost Of Poor Quality (COPQ)?
- What is the cost-to serve?
- What is the supply chain carbon
footprint & GHG emissions?
CUSTOMER
Supply Chain Segmentation
- What is your product or/and
market segmentation?
- What are the segmentation
attributes?
-Efficiency vs. Responsiveness?
Quality & Returns
- What are our differentiated
quality process?
-How are we managing
complaints?
-How do we manage supply chain
risks?
- How do we minimize returns impact?
Service Level Improvement
- How responsive is the
company?
- How flexible?
- How adaptable?
Profit & Loss Account
-
#²
(Create or Raise)
Value
expand button
Transcribed Image Text:Strategak Supply Chain Management Canvas Plan Efficiency (Eliminate or Reduce) Design Supply Chain Design - How many warehouse and factories should you have? - Where should they be located? -How big should they be? Supply Chain Analytics How is your organization performing? What did it happen? What will happen? How can we make it happen? Fixed Assets - What is your assets turnover? - What are your bottleneck operations? - Outsourcing strategy? Capital budgeting? -Should you make a facility expansion? Supply Chain Planning DEMAND PLAN What is the market plan? - Product/brand plan? - Sales plan? - Sales forecast? CE Promotion plan? Master scheduling plan? - Capacity plan? - Purchasing plan? - Production plan? - Resource plan? Inventory plan? Distribution plan? -Warehouse plan? - Transportation plan? SERP/IT Material Requirements Planning (MRP)? Warehouse Management Sustem (WMS)? - Labor Management System (LMS)? Transportation Management System (TMS)? - Supply Chain Optimization Software? -Supply Chain Analytics Software? Inventory - What to stock Is your investment too high? -In what quantities to stock? - Where to stock? Credit icons author: https://www.flaticon.com P Lean approach vs. stock? - Reliable & responsive supply chain? - Are your fill rates too low? -Safety stock vs. raise service? - Risk pooling? Balance Sheet G Source & Make Procurement & Sourcing - How do you optimize the purchasing price? - How do you optimize the operational costs? - How do you optimize the transaction costs? IBC What is the classification of your purchasing materials requirements? What is the strategic positioning and action plan? Manufacturing - What is the production environment (MTS, MTO, etc.) for our products? What is our production strategy? Account Payable What money is owed this period? What percentage is past due? - How quickly is the organization paying? - What percentage of accounts is not meeting terms? What is the value of overdue accounts? - Which vendors are problematic? - What is the average/weighted average days past due? Deliver Warehousing - What storage systems? What material handling? - What putaway strategy? Which order types? - What removal strategy? What picking strategy? - How do you control inventory? Transportation What is the modal mix? - What is the right packing? What is the right number of carriers? -Should we have our own fleet? - What is the right fleet size, equipment mix, and location? How many routes should we have? Cost Improvements - Procurement savings? - What is the inventory carrying costs? -Total fulfilment cost? - Total supply chain costs? -Lean waste costs? -Reverse logistics costs? - Cost Of Poor Quality (COPQ)? - What is the cost-to serve? - What is the supply chain carbon footprint & GHG emissions? CUSTOMER Supply Chain Segmentation - What is your product or/and market segmentation? - What are the segmentation attributes? -Efficiency vs. Responsiveness? Quality & Returns - What are our differentiated quality process? -How are we managing complaints? -How do we manage supply chain risks? - How do we minimize returns impact? Service Level Improvement - How responsive is the company? - How flexible? - How adaptable? Profit & Loss Account - #² (Create or Raise) Value
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.