Download or read book Using Supply Chain Flexibility to Account for Uncertainty in Demand written by Thomas Mark Kelsch and published by . This book was released on 1996 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Demand Flexibility in Supply Chain Planning written by Joseph Geunes and published by Springer Science & Business Media. This book was released on 2012-02-17 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work encapsulates the essential developments in this field into a single resource, as well as to set an agenda for further development in the field. This brief focuses on the demand flexibility in supply chains with fragmented results distributed throughout the literature. These results have strong implications for managing real-world complex operations planning problems. This book exploits dimensions of demand flexibility in supply chains and characterizes the best fit between demand properties and operations capabilities and constraints. The origins and seminal works are traced in integrated demand and operations planning and an in-depth documentation is provided for the current state of the art. Systems with inherent costs and constraints that must respond to some set of demands at a minimum cost are examined. Crucial unanswered questions are explored and the high-value research directions are highlighted for both practice and for the development of new and interesting optimization models and algorithms.

Download or read book Managing Supply and Demand Uncertainties written by Arthue Chee and published by . This book was released on 2015 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Flexibility in supply chains of clothing retailers written by Junaid Javaid and published by GRIN Verlag. This book was released on 2016-10-19 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: B-, University of Bedfordshire, course: Logistics and supply chain management project, language: English, abstract: This dissertation will be based on the idea of analytically reviewing the supply chain flexibility concept and is based on the thorough understanding of given concept in the textile industry. In this research report, models of firm performance and supply chain traits will be critically analysed. As a result, this research will outline suggestions in regard to the enhancement of supply chain flexibility. This research project will be instrumental for giving recommendations to other tradition clothing retailers. In this manner, clothing retailers would be able to improve their supply chain flexibility. There are certain objectives of this research project that are outlined below: - To learn about the relationship between flexibility-firm performance and flexibility-uncertainty. - To analyse the link between the supply chain characteristics and firm performance. - To identify certain areas where potential improvement will be induced. This will be made sure through in-depth analysis of both companies’ (discuss in case study section) supply chain flexibility.

Download or read book Supply Chain Analytics written by Işık Biçer and published by Springer Nature. This book was released on 2023-06-27 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers a detailed account of analytical models used to solve complex supply chain problems. It introduces a unique risk analysis framework that helps the reader understand the sources of uncertainties and use appropriate models to improve decisions in supply chains. This framework illustrates the complete supply chain for a product and demonstrates the supply chain's exposure to demand, supply, inventory, and financial risks. Step by step, this book provides a detailed examination of analytical methods that optimize operational decisions under different types of uncertainty. It discusses stochastic inventory models, introduces uncertainty modeling methods, and explains methods for managing uncertainty. To help readers deepen their understanding, it includes access to various supplementary material including an online interactive tool in Python. This book is intended for undergraduate and graduate students of supply chain management with a focus on supply chain analytics. It also prepares practitioners to make better decisions in this field.

Download or read book Quantitative Models for Supply Chain Management written by Sridhar Tayur and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 851 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative models and computer-based tools are essential for making decisions in today's business environment. These tools are of particular importance in the rapidly growing area of supply chain management. This volume is a unified effort to provide a systematic summary of the large variety of new issues being considered, the new set of models being developed, the new techniques for analysis, and the computational methods that have become available recently. The volume's objective is to provide a self-contained, sophisticated research summary - a snapshot at this point of time - in the area of Quantitative Models for Supply Chain Management. While there are some multi-disciplinary aspects of supply chain management not covered here, the Editors and their contributors have captured many important developments in this rapidly expanding field. The 26 chapters can be divided into six categories. Basic Concepts and Technical Material (Chapters 1-6). The chapters in this category focus on introducing basic concepts, providing mathematical background and validating algorithmic tools to solve operational problems in supply chains. Supply Contracts (Chapters 7-10). In this category, the primary focus is on design and evaluation of supply contracts between independent agents in the supply chain. Value of Information (Chapters 11-13). The chapters in this category explicitly model the effect of information on decision-making and on supply chain performance. Managing Product Variety (Chapters 16-19). The chapters in this category analyze the effects of product variety and the different strategies to manage it. International Operations (Chapters 20-22). The three chapters in this category provide an overview of research in the emerging area of International Operations. Conceptual Issues and New Challenges (Chapters 23-27). These chapters outline a variety of frameworks that can be explored and used in future research efforts. This volume can serve as a graduate text, as a reference for researchers and as a guide for further development of this field.

Download or read book Fundamentals of Supply Chain Theory written by Lawrence V. Snyder and published by John Wiley & Sons. This book was released on 2019-07-11 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensively teaches the fundamentals of supply chain theory This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, and auctions. Key mathematical models for optimizing the design, operation, and evaluation of supply chains are presented as well as models currently emerging from the research frontier. Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures. Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material. Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains.

Download or read book Managing the Supply Chain written by David Simchi-Levi and published by McGraw Hill Professional. This book was released on 2003-11-22 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's environment of tight budgets and even tighter turnarounds, effective supply-chain management has become a core business requirement. Managing the Supply Chain adapts the number one supply-chain book on the college market to examine how professionals can consistently turn supply-chain strategy into a competitive advantage. This results-based book examines the experiences of today's most accomplished companies to demonstrate supply-chain innovation at work in the marketplace.

Download or read book Increasing Supply Chain Robustness Through Process Flexibility and Strategic Inventory written by He Wang (S.M.) and published by . This book was released on 2013 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: When a disruption brings down one of company's manufacturing facilities, it can have a ripple effect on the entire supply chain and threaten the company's ability to compete. In this thesis, we develop an effective disruption mitigation strategy by using both process flexibility and strategic inventory. The model is focused on a manufacturer with multiple plants producing multiple products, where strategic inventory can be held for any product. We propose a new metric of supply chain robustness, defined as the maximum time that no customer demand is lost regardless of which plant is disrupted. Using this metric, we analyze K-chain flexibility designs in which each plant is capable of producing exactly K products. It is demonstrated that a 2-chain design, which is known to be effective for matching supply with demand when there is no disruption, is not robust when there is both disruption and demand uncertainty. However, it is shown that a 3-chain design is significantly more robust and achieves the same robustness as full flexibility under high uncertainty level. We then extend the model to an assembly system and find that investment in process flexibility designs changes the optimal inventory placements. In particular, when the degree of flexibility is high, more inventory is allocated to standard components, i.e. components used by multiple products, but when the degree of flexibility is low, more inventory is allocated to non-standard components.

Download or read book Adaptive Supply Chain Management written by Dmitry Ivanov and published by Springer Science & Business Media. This book was released on 2009-11-25 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptive Supply Chain Management develops new viewpoints on the SCM goal paradigm, problem semantics, and decision-making support. Drawing upon years of research and practical experience, and using numerous examples, the authors unite conceptual considerations of supply chains with a constructive level of engineering and solutions to real-world problems. Adaptive Supply Chain Management provides advanced insights into dynamics, complexity, and uncertainty in supply chains from the perspectives of systems analysis, control theory, and operations research. It also considers supply chain adaptability, stability, and crisis-resistance. Providing readers with a comprehensive view of advanced SCM concepts, constructive mathematical techniques and models, Adaptive Supply Chain Management is an invaluable text for practitioners and researchers who specialize in SCM and operations.

Download or read book Supply Chain Design written by Brian Thomas Tomlin and published by . This book was released on 2000 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing recognition is being placed, both in industry and in academia, on effective supply chain management. The term supply chain management presupposes that there exists a supply chain to be managed. With a focus on supply chains in which demand uncertainty is the key challenge, this dissertation develops strategies and models to aid in the design of certain supply chain features, namely capacity, flexibility and wholesale price schedules. Firstly, this dissertation studies capacity investments in single-product supply chains in which the participants make investments to maximize their individual expected profits. Using a stylized game theoretic model of a supply chain comprising a supplier and a manufacturer, simple non-linear wholesale price schedules, whether they be quantity premium or quantity discount schedules, are shown to outperform simple linear schedules in terms of the total supply chain profit achieved. While the model is stylized, it provides insight into how actual wholesale price schedules can be structured to induce near optimal supply chain capacity investments. Next, this dissertation then extends the work of Jordan and Graves (1995) so as to develop process flexibility strategies for multiple-product multiple-stage supply chains. The ability of multiple-stage supply chains to fill product demands is shown to be affected by two inefficiencies, termed stage-spanning bottlenecks and floating bottlenecks, that do not affect single-stage supply chains. Flexibility configurations differ in the protection they provide against these inefficiencies. The chaining strategy of Jordan and Graves (1995), with augmentation if either the number of stages or number of products is large, is shown to provide a high degree of protection and therefore to enable multiple-stage supply chains to better meet demand. Finally, this dissertation studies the capacity decision in multiple-product multiplestage supply chains. Solution approaches to the capacity investment problem in which there is either an expected shortfall bound or a service level bound are developed. The service level problem, while widely studied in inventory theory, has not been studied in the multiple-product multiple-stage supply chain capacity literature to date. In addition to developing solution approaches, insights into the optimal capacity decisions in multiple-product multiple-stage supply chains are provided.

Download or read book Managing Supply Chain Risk written by ManMohan S. Sodhi and published by Springer Science & Business Media. This book was released on 2012-02-25 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Supply Chain Risk Management is an issue that many companies face and yet few companies know how to deal with it in a systematic and pragmatic manner. While avoiding and reducing supply chain risks are certainly preferable, developing ways to restore and stabilize supply chain operations rapidly after a major disruption is critical for managing global supply chains. Sodhi and Tang present important concepts, frameworks, strategies, and analyses that are essential for managing supply chain risks. Not only does this book suggest some practical ways to work with different partners to manage the risks that are present in a global supply chain, it creates a framework that would enable practitioners to engage researchers to work on this important area.” —Thomas A. Debrowski, Executive Vice President, Worldwide Operations, Mattel, Inc. “When a firm outsources its operations to external suppliers, the firm is vulnerable to major and rare disruptions that can occur at any link in the global supply chain. Because these disruptions rarely occur, few firms take commensurable actions to identify, assess, mitigate and respond to various types of supply chain risks. By introducing frameworks and concepts along with several case studies and a review of academic literature, Sodhi and Tang treat this important subject with practical relevance and academic rigor. This book will bring practitioners and researchers to develop effective and efficient ways to manage supply chain risks.” —Marshall L. Fisher, UPS Professor, Professor of Operations and Information Management and Co-Director of Fishman-Davidson Center for Service and Operations Management, The Wharton School, University of Pennsylvania “This book ties observations in practice to methodologies and research. The rich case examples motivated the approaches and methodologies used to mitigate risks, and in the course of doing so, Sodhi and Tang provided insights on existing and new research opportunities. As a result, this book is highly relevant to both practitioners and academics. Also, the book is also written with management lessons on how risks can be mitigated, and how risks can be contained once disruptions have occurred. As such, it is also a book for management to gain insights and to develop management skills.” —Hau L. Lee, Thoma Professor of Operations, Information and Technology and Director of the Stanford Global Supply Chain Management Forum, Graduate School of Business, Stanford University “As companies have extended their supply chains globally and as the face increasing resource issues, they face a number of new risk challenges. While there are various case studies written about supply chain risks, this book gives a comprehensive treatment of the subject with clarity. The concepts and frameworks developed by Sodhi and Tang in this book would create awareness of this important and yet not well understood subject, and strategies described in this book would stimulate practitioners to develop a holistic approach for identifying, assessing, mitigating, and responding to different types of supply chain risks.” —Nick Wildgoose, Global Supply Chain Proposition Manager, Zurich Insurance​

Download or read book Supply Chain Flexibility Uncertainty and Firm Performance written by Ulf Merschmann and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply chain flexibility is widely seen as one major response to increasing uncertainty and competition in the marketplace. Researches and practioners acknowledge the competitive advantage of supply chain flexibility. However, flexibility is costly. Thus, a match between flexibility and environmental uncertainty seems to be an appropriate option. Empirical research on the relationship between environmental uncertainty and supply chain flexibility is sparse. This paper contributes to the emerging body of research by addressing the relationship between environmental uncertainty, supply chain flexibility, and firm performance through a survey of German manufacturing companies. We use structural equation modeling to analyze one of the key questions of operations management: Does a match between environmental uncertainty and supply chain flexibility lead to competitive advantages? More precisely, we present evidence that in uncertain environments companies with highly flexible supply chains perform better than companies with less flexible supply chains while in certain environments the opposite holds.

Download or read book Flexibility Strategy Under Supply and Demand Risk written by Yimin Wang and published by . This book was released on 2020 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Problem Definition: With heightened global uncertainty, supply chain managers are under increasing pressure to craft strategies that accommodate both supply and demand risks. While flexibility is a well-understood strategy to accommodate risk, there is no clear guidance on the optimal flexibility configuration of a supply network that comprises both unreliable primary suppliers and reliable backup suppliers. Academic/Practical Relevance: Existing literature examines the value of flexibility with primary and backup suppliers independently. For a risk-neutral firm, research shows that (a) adding flexibility to an unreliable primary supplier (in absence of backup supply) is always beneficial, and (b) adding flexibility to a reliable backup supplier (in absence of primary supplier flexibility) is always valuable. It is unclear, however, how flexibility should be incorporated into a supply network with both unreliable primary suppliers and reliable backup suppliers. This research studies whether flexibility should be embedded in a primary supplier, a backup supplier, or both. Methodology: We develop a normative model to analyze when flexibility benefits and when it hurts. Results: Compared with a base case of no flexibility, we prove that embedding flexibility in either primary or backup suppliers is always beneficial. However, embedding flexibility in both primary and backup suppliers can be counterproductive because the supply chain performance can decline with saturated flexibility, even if flexibility is costless. A key reason is that the risk-aggregation effect of embedding flexibility in an unreliable supplier becomes more salient when flexibility is already embedded in a backup supplier. Managerial Implications: This research refines the existing understanding of flexibility by illustrating that adding flexibility is not always beneficial. When there is a choice, a firm should prioritize embedding flexibility in a reliable backup supplier.

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 Complexity Management in Supply Chains written by Thorsten Blecker and published by Erich Schmidt Verlag GmbH & Co KG. This book was released on 2006 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply chains are faced with a rising complexity with manifold effects. Because of the strong link between a supply chain's complexity and its efficiency, supply chain complexity management becomes a major challenge of today's business management. Therefore logistics and the supply chain management can play a significant role in mastering and managing complexity. The new book, edited by Thorsten Blecker and Wolfgang Kersten, is exemplifying the current progress in complexity management. Separate chapters are dedicated to clarify complexity management in transportation, networks and supply chains. It offers important insights of global and flexible network modelling to manage complexity, complexity in supply chains - developing human resource strategy, performance measurement of green supply chain management, complexity in transportation by means of containers and air-cargos. The volume, written by well-known experts of supply chain management from all over the world, shows applicable solutions, practical examples and use cases to illustrate complexity management and its application in logistics and supply chain management. It presents the central perspectives for a modern complexity management in supply chains. Therefore the book offers a fundamental understanding for workable complexity management concept their implementation to practitioners. The book offers fundamental insights into actual problems of an general complexity management concept and their implementation to practitioners in industry, logistics, management, service sector, research and apprenticeship. In addition to this it gives a valuable insight to the status of complexity management also for lecturers and students.

Download or read book Next Generation Supply Chains written by Rosanna Fornasiero and published by Springer Nature. This book was released on 2020-12-31 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.