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Supply chain Management
1. Briefly describe the implications of poor forecasting on a supply chain. In other words, what are some of the bad things that can happen as a result of inaccurate demand forecasts? Kindly provide Reference/Sources to this question.
References
Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation (6th ed.). Pearson Education
Establish the effect of integration of supply chain management of Maternal, Newborn and child health (MNCH) commodities at service delivery points.
Historically the company has kept a very small inventory of only two weeks to meet orders. This policy must be evaluated as part of the process of developing an aggregate plan for the next six months.
Good operational decisions should have measurables in place resulting in higher revenues, increased profits, increased productivity and customer satisfaction.
CAM-Application and Caution
Analyse and critically evaluate the ways in which supply chains are adapted in view of specific market dynamics and environments and demonstrate an understanding of the importance of global lead-time management and time-compression.
How might a company's position in the supply chain affect its business role? Is there such a thing as a company that strictly operates in only one business role? Why or Why not
Identify competitors of this company and their market share for their brands? Now research the supply chain: Upstream Supply Chain. What are the key supplies and materials needed to produce this product?
How many days of safety and cycle inventory will Motorola carry under each policy and how many days of cycle inventory does Motorola carry under each policy?
How can socialisation and role theory be applied to relationships in health care between patients/clients and health care workers? firstly describe the key principles of the theory and then give examples of its application in the caring profession..
Describe the four basic types of inventory and why is it important to conduct cycle counting - Explain why lean production and Six Sigma are so important to successful supply chain management.
explain the importance of developing a sustainable supply chain. In addition, describe three initiatives that IKEA is doing to make its supply chain sustainable
Explain how market demand drives the JIT production system. Explain how a drummer constraint is used in the TOC approach to inventory management.
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