Download or read book Quick Response Under Strategic Manufacturer written by Jiguang Chen and published by . This book was released on 2020 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Problem Definition: Quick response is a classic operations strategy, under which a retailer can place a second order for rapid replenishment during the selling season after learning more about market demand. This paper examines the value of quick response when a strategic manufacturer can either dynamically charge wholesale prices for different orders or commit to fixed wholesale prices at the beginning. Academic/Practice Relevance: Quick response has been widely viewed as an effective strategy for firms to match supply with demand. In practice, however, a manufacturer may strategically react to a retailer's adoption of quick response. This paper aims to investigate the value of quick response under strategic manufacturer, which has not been explored in the literature. Methodology: We develop a game-theoretic model to analyze the main drivers behind the interaction between the retailer and manufacturer. Results: We find that quick response can harm the retailer and the entire supply chain when demand uncertainty is in a medium range. This is due to the interplay of four different effects that will be delineated in the paper: the risk mitigation effect, the information surplus extraction effect, the strategic inventory effect, and the wholesale pricing flexibility effect. In addition, upfront commitment on wholesale prices does not mitigate the negative effect of quick response, and will even lead to a lose-lose outcome in most situations. Managerial Implications: The above results caution firms to be careful when adopting quick response, especially with strategic manufacturers. This research also characterizes the conditions under which quick response will be valuable, which offers a useful guideline for managers when assessing the quick response strategy.

Download or read book Quick Response Manufacturing written by Rajan Suri and published by CRC Press. This book was released on 2020-10-28 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developed by the author and now being employed by a number of businesses, Quick Response Manufacturing (QRM) is an expansion of time-based competition, aimed at a single target with the goal of reducing lead times. The key difference between QRM and other time-based programs is that QRM covers an entire organization, from the shop floor to the office, to sales and beyond. Providing guidelines for establishing a QRM enterprise, this volume builds upon kaizen, TQM, TPM, and other practice to help organizations streamline all functions of their operation. It shows how to quickly introduce products, along with ways to rethink materials and production management.

Download or read book Quick Response written by Bob Lowson and published by John Wiley & Sons. This book was released on 1999-08-03 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between demand for consumer goods and their efficient supply is greater now than at any other time, and is widening as consumers' wants become less predictable, and suppliers struggle to meet them. Quick Response (QR) is both a management paradigm and a methodology that allows supply systems to react quickly to changes while improving their performance. QR aims to help organize a business in the face of problems associated with the vast array of goods and services now to be found in consumer markets. It is particularly relevant to the Fast Moving Consumer Goods (FMCG) and Fashion industries. QR works by compressing the time between product or service design concept and appearance on the retail shelf. It then takes advantage of such recent technologies as Point of Sale (PoS) tracking and Electronic Data Interchange (EDI) to constantly up-date estimates of true consumer demand, and then places intelligent re-orders for goods with flexible manufacturers and their suppliers. One of the features of this book is the demonstration that the range of industries able to benefit from the application of QR methodologies is extremely wide. However, this apparent universality comes with a strong 'health warning'. By placing QR in a broad framework of management thinking, the book allows comparison with other paradigms and their off-shoots - partnerships and alliances, measurement and benchmarking, Information Systems Technology strategies, Total Quality Management, and change management. Belief systems such as World Class Manufacturing, Lean Production, Agile Manufacturing, Virtual Organization, Time-Based Competition, Supply Chain Management (SCM) and chaos theory, are also reviewed and contrasted. The book then quantifies the performance benefits that accrue from the application of QR using examples from the US and European industries as well as computer simulation. Lessons are also drawn from a wide variety of SMEs (Small and Medium sized Enterprises) who are using QR as a strategic tool, as well as those who have not yet adopted it. For the latter, there are recommendations for implementing QR. The future management and research directions required for full exploitation of QR are also explored in a separate section. The most important aspect of this book is that it concentrates on the practical, hands-on management of a supply pipeline as opposed to the generalized theories of Supply Chain Management.

Download or read book Innovative Quick Response Programs in Logistics and Supply Chain Management written by T. C. Edwin Cheng and published by Springer Science & Business Media. This book was released on 2010-03-11 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quick Response (QR) policy is a market-driven business strategy in which supply chain members work together to react quickly to volatile market demand. Nowadays, with advances in information technologies (such as RFID and ERP systems), new challenges and opportunities arise for the application of QR. This handbook explores QR extensively with a view to discovering innovative QR measures that can help tackle the observed and emerging challenges. The book is organized into four parts, which include chapters on analytical modeling and analyses, information technologies, cases, reviews, and applications. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to know how to improve the effectiveness of QR using innovative methods.

Download or read book It s About Time written by Rajan Suri and published by CRC Press. This book was released on 2010-03-31 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the decade since the publication of Rajan Suri’s landmark book, Quick Response Manufacturing, the innovative principles of QRM have been proven with impressive results at many companies, big and small, in a variety of industries. While the key principles of QRM remain unchanged, after a decade of teaching QRM workshops to senior executives, Suri has developed a clear, concise, and accessible method of presenting QRM strategy using four core concepts: 1. The Power of Time – the huge impact time has on your entire enterprise 2. Organization Structure – how to structure your organization to reduce lead times 3. System Dynamics – understanding how interactions between jobs and resources impact time to make better decisions on capacity, lot sizes, and similar issues 4. Enterprise-Wide Application – QRM is not just a shop floor strategy, it extends across your whole enterprise including material planning and control, supply management, office operations, and new product introduction Presenting new case studies on QRM implementation, It's About Time: The Competitive Advantage of Quick Response Manufacturing illustrates how QRM can not only reduce lead times but also improve quality, reduce operating costs, and enable companies to gain substantial market share. This practical reference explains how factories in advanced nations can use QRM strategy to compete with manufacturers in low-wage countries. In addition, it provides helpful pointers for QRM implementation, including accounting strategies, novel cost-justification approaches, and a stepwise process for implementation. Also included are downloadable resources with five appendices that provide a number of practical details to assist in the success of your QRM implementation. When you are ready to start implementing QRM, you will find that these appendices contain time-saving tips to help you work through implementation issues¿including simple calculation methods and tools to support the design of your QRM strategy. You can also access these Appendices on the Downloads and updates tab on https://www.crcpress.com/9781439805961. The author, Rajan Suri, recently became one of only 10 people to be inducted into Industry Week's 2010 Manufacturing Hall of Fame.

Download or read book Quick Response Manufacturing a Clear and Concise Reference written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2018-06-18 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the Essentials of Internal Quick response manufacturing Management? Who are the people involved in developing and implementing Quick response manufacturing? What is Quick response manufacturing's impact on utilizing the best solution(s)? Is there a Quick response manufacturing management charter, including business case, problem and goal statements, scope, milestones, roles and responsibilities, communication plan? How are the Quick response manufacturing's objectives aligned to the organization's overall business strategy? Defining, designing, creating, and implementing a process to solve a challenge or meet an objective is the most valuable role... In EVERY group, company, organization and department. Unless you are talking a one-time, single-use project, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?' This Self-Assessment empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Quick response manufacturing investments work better. This Quick response manufacturing All-Inclusive Self-Assessment enables You to be that person. All the tools you need to an in-depth Quick response manufacturing Self-Assessment. Featuring 701 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Quick response manufacturing improvements can be made. In using the questions you will be better able to: - diagnose Quick response manufacturing projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices - implement evidence-based best practice strategies aligned with overall goals - integrate recent advances in Quick response manufacturing and process design strategies into practice according to best practice guidelines Using a Self-Assessment tool known as the Quick response manufacturing Scorecard, you will develop a clear picture of which Quick response manufacturing areas need attention. Your purchase includes access details to the Quick response manufacturing self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.

Download or read book Implementing Quick Response QR written by Duck Weon Lee and published by . This book was released on 2007 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quick Response is an umbrella term for strategies to cut lead times and to eliminate unnecessary production costs from a manufacturing plant to a consumer market. In particular, the textile and apparel industries need strategies to quickly respond to a changeable market in the international supply chain. As the industry performs these strategies, problems can occur which interfere with implementing efficient Quick Response strategies. Until now, the textile and apparel industries have mainly focused on high technological systems to solve the problems; much development of the high technology has been accomplished in the international supply chain. In addition, the industries should recognize the importance of intangible factors (e.g., communication among sectors) because they might give rise to diverse problems in their supply chain. The purpose of the present study was to investigate the intangible factors and to research how they have had an influence on Quick Response strategies in the international supply chain. To investigate these factors, the study employed a case study which involved interviews with people who worked for-AGABANG Co. Six individuals in several positions of AGABANG Co. were represented in the interviews; two supervisors who were in charge of brands for Wal-Mart, a designer who developed and made production samples for Wal-Mart, an export staff member who sourced manufacturing systems and controlled manufacturing schedules, a manufacturer who managed manufacturing operations in China, and a subcontractor who provided cloth. Interviewees had working experiences with foreign buyers and manufacturers, and clearly testified to the intangible factors through their cumulated experiences. Through the interviews, this study identified various intangible factors in the international supply chain. In particular, the research found that one of the most critical the factors was pressure from buyers to reduce production costs. Also, based on the findings from this study, it was concluded that effective Quick Response systems require teamwork and relationships among sectors. As companies strive to reduce production costs and therefore move facilities building these relationships become challenging. Many textile and apparel companies hope to efficiently run their systems and strategies as they solve these problems. Therefore, the results of this research will be helpful for the textile and apparel companies that want to improve and develop their Quick Response strategies.

Download or read book Surviving Supply Chain Integration written by National Research Council and published by National Academies Press. This book was released on 2000-03-23 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The managed flow of goods and information from raw material to final sale also known as a "supply chain" affects everythingâ€"from the U.S. gross domestic product to where you can buy your jeans. The nature of a company's supply chain has a significant effect on its success or failureâ€"as in the success of Dell Computer's make-to-order system and the failure of General Motor's vertical integration during the 1998 United Auto Workers strike. Supply Chain Integration looks at this crucial component of business at a time when product design, manufacture, and delivery are changing radically and globally. This book explores the benefits of continuously improving the relationship between the firm, its suppliers, and its customers to ensure the highest added value. This book identifies the state-of-the-art developments that contribute to the success of vertical tiers of suppliers and relates these developments to the capabilities that small and medium-sized manufacturers must have to be viable participants in this system. Strategies for attaining these capabilities through manufacturing extension centers and other technical assistance providers at the national, state, and local level are suggested. This book identifies action steps for small and medium-sized manufacturersâ€"the "seed corn" of business start-up and developmentâ€"to improve supply chain management. The book examines supply chain models from consultant firms, universities, manufacturers, and associations. Topics include the roles of suppliers and other supply chain participants, the rise of outsourcing, the importance of information management, the natural tension between buyer and seller, sources of assistance to small and medium-sized firms, and a host of other issues. Supply Chain Integration will be of interest to industry policymakers, economists, researchers, business leaders, and forward-thinking executives.

Download or read book Advances in Production Management Systems Smart Manufacturing for Industry 4 0 written by Ilkyeong Moon and published by Springer. This book was released on 2018-08-24 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two-volume set IFIP AICT 535 and 536 constitutes the refereed proceedings of the International IFIP WG 5.7 Conference on Advances in Production Management Systems, APMS 2018, held in Seoul, South Korea, in August 2018. The 129 revised full papers presented were carefully reviewed and selected from 149 submissions. They are organized in the following topical sections: lean and green manufacturing; operations management in engineer-to-order manufacturing; product-service systems, customer-driven innovation and value co-creation; collaborative networks; smart production for mass customization; global supply chain management; knowledge based production planning and control; knowledge based engineering; intelligent diagnostics and maintenance solutions for smart manufacturing; service engineering based on smart manufacturing capabilities; smart city interoperability and cross-platform implementation; manufacturing performance management in smart factories; industry 4.0 - digital twin; industry 4.0 - smart factory; and industry 4.0 - collaborative cyber-physical production and human systems.

Download or read book Your Strategy Needs a Strategy written by Martin Reeves and published by Harvard Business Review Press. This book was released on 2015-05-19 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: You think you have a winning strategy. But do you? Executives are bombarded with bestselling ideas and best practices for achieving competitive advantage, but many of these ideas and practices contradict each other. Should you aim to be big or fast? Should you create a blue ocean, be adaptive, play to win—or forget about a sustainable competitive advantage altogether? In a business environment that is changing faster and becoming more uncertain and complex almost by the day, it’s never been more important—or more difficult—to choose the right approach to strategy. In this book, The Boston Consulting Group’s Martin Reeves, Knut Haanæs, and Janmejaya Sinha offer a proven method to determine the strategy approach that is best for your company. They start by helping you assess your business environment—how unpredictable it is, how much power you have to change it, and how harsh it is—a critical component of getting strategy right. They show how existing strategy approaches sort into five categories—Be Big, Be Fast, Be First, Be the Orchestrator, or simply Be Viable—depending on the extent of predictability, malleability, and harshness. In-depth explanations of each of these approaches will provide critical insight to help you match your approach to strategy to your environment, determine when and how to execute each one, and avoid a potentially fatal mismatch. Addressing your most pressing strategic challenges, you’ll be able to answer questions such as: • What replaces planning when the annual cycle is obsolete? • When can we—and when should we—shape the game to our advantage? • How do we simultaneously implement different strategic approaches for different business units? • How do we manage the inherent contradictions in formulating and executing different strategies across multiple businesses and geographies? Until now, no book brings it all together and offers a practical tool for understanding which strategic approach to apply. Get started today.

Download or read book Quick Response in the Supply Chain written by Eleni Hadjiconstantinou and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful supply chain management is a source of competitive advantage in today's dynamic business environment. Relevant issues both at the strategic and operational levels of decision-making are considered in this book which provides the reader with an up-to-date analysis of the latest theoretical and practical trends in supply chain management. Using a variety of case-studies from different industry sectors, the book examines the various components of the supply chain, analyses the trade-offs that exist in achieving integration, and explores issues of organisation and implementation.

Download or read book Strategic Manufacturing Management written by Thomas J. Sowell and published by Xlibris Corporation. This book was released on 2006-02-28 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic interdependence amongdeveloping and established industrializednations, and the disintegration of barriersto the flow of capital, information andtechnology across national borders facilitatesinternational market integration andglobalization. These market conditionsforce manufacturing companies to seriouslyconsider the strategies they need to implementif they are to develop competitive advantages. Very often the strategies that are executedwill result in a sustained competitiveadvantage through which a firm becomesleaner, more flexible, and more focused onproviding cost-effective goods and services tosophisticated customers. This book providesmanufacturing business strategies to assistcompanies to meet those requirements.

Download or read book Good Strategy Bad Strategy written by Richard Rumelt and published by Currency. This book was released on 2011-07-19 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good Strategy/Bad Strategy clarifies the muddled thinking underlying too many strategies and provides a clear way to create and implement a powerful action-oriented strategy for the real world. Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to—and approach for—overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy.” In Good Strategy/Bad Strategy, he debunks these elements of “bad strategy” and awakens an understanding of the power of a “good strategy.” He introduces nine sources of power—ranging from using leverage to effectively focusing on growth—that are eye-opening yet pragmatic tools that can easily be put to work on Monday morning, and uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. The detailed examples range from Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from Nvidia to Silicon Graphics, from the Getty Trust to the Los Angeles Unified School District, from Cisco Systems to Paccar, and from Global Crossing to the 2007–08 financial crisis. Reflecting an astonishing grasp and integration of economics, finance, technology, history, and the brilliance and foibles of the human character, Good Strategy/Bad Strategy stems from Rumelt’s decades of digging beyond the superficial to address hard questions with honesty and integrity.

Download or read book Strategic Capability Response Analysis written by David Walters and published by Springer Nature. This book was released on 2019-11-21 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book integrates Industrié 4.0, Value Chain Network Management 2.0, and Stakeholder Value-Led Management into a method, offering organizations an opportunity to be more analytical when making strategic decisions for operations management activities. Strategic Capability Response Analysis embraces the value expectations of all stakeholders in a business enterprise and links them together with a demand-supply-response relationship. This convergence delivers a focused “agile-rolling-value proposition” that optimizes the expectations and the resources of its stakeholder constituents. The use of Strategic Capability Response Analysis considers the implications of the changing environment of value chain network management for the digital age. Industrié 4.0 has presented numerous opportunities across all industries to improve both the effectiveness of strategic decisions and the efficiency of their implementation to the network stakeholders. As Industrié 4.0 is changing the characteristics of decision making, the proposed model considers the impact of alternative solutions on the core business model components of performance, profitability, productivity, producibility, partnerships and preservation. The book includes case studies to highlight current management problems and how this approach can be used to help resolve those issues.

Download or read book Restoring Our Competitive Edge written by Robert H. Hayes and published by John Wiley & Sons. This book was released on 1984-06-25 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recommends a manufacturing strategy that develops production facilities, uses appropriate management systems, and establishes firm relationships with suppliers.

Download or read book Fashion Retail Supply Chain Management written by Tsan-Ming Choi and published by CRC Press. This book was released on 2014-05-06 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fashion Retail Supply Chain Management: A Systems Optimization Approach is a comprehensive reference source that provides the state-of-the-art findings on many important emerging research issues related to retail supply chain management and optimization problems. The book takes an explicit systems approach, and discusses retailled fashion supply ch

Download or read book Logistics Management and Strategy written by Alan Harrison and published by Pearson UK. This book was released on 2019 with total page 607 pages. Available in PDF, EPUB and Kindle. Book excerpt: