Download or read book Increased Flexibility in Retail Supply Chains Through Postponement written by Hamid Jafari and published by . This book was released on 2012 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Postponement Strategies in Supply Chain Management written by T. C. Edwin Cheng and published by Springer Science & Business Media. This book was released on 2010-03-10 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Postponement strategy is one of the major supply chain management (SCM) pr- tices that has a discernible impact on rms’ competitive advantage and organi- tional performance. Postponement is a mass customization strategy that captures the advantages of both mass production and mass customization. Recent research studies have identi ed four common postponement strategies, namely pull, logistics, form and price postponement. The former three postponement strategies are linked to production and manufacturing, while the last one is a pure pricing strategy. They aim at balancing the costs and bene ts of mass production and mass customization. Practical examples of postponement can be found in the high-tech industry, food industry and other industries that require high differentiation. However, empirical studies have found that postponement may not be an evident SCM practice compared to the other practices. In addition, postponement has both positive and negative impacts on a supply chain. The advantages include following the JIT principles, reducing end-product inventory, making forecasting easier and pooling risk. The high cost of designing and manufacturing generic components is the main drawback of postponement. Thus, the evaluation of postponement strategy is an important research issue and there have been many qualitative and quantitative models for analyzing postponement under different scenarios.
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 Impacts of Flexibility in Delivery Quantity and Due Date on Supply Chain Dynamics written by Hing-Kai Chan and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Impacts of Flexibility in Delivery Quantity and Due Date on Supply Chain Dynamics" by Hing-kai, Chan, 陳慶佳, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled "Impacts of Flexibility in Delivery Quantity and Due Date on Supply Chain Dynamics" Submitted by Hing Kai, CHAN for the degree of Doctor of Philosophy at the University of Hong Kong in December 2006 Supply chain management has been regarded as one of the most important strategies for achieving competitive advantage. More specifically, flexibility seems to be a pre- requisite for conducting and sustaining long-term business. In this connection, coordination with flexibility among supply chain members is of vital importance in a dynamic environment, and this area of study is referred to as supply chain dynamics in the literature. The main motivation of this thesis is to propose inter-organisation coordination mechanisms with flexibility, in terms of delivery quantity and delivery due date, and to study their impacts on the supply chain performance so that the effects of system dynamics could be reduced. Researchers have developed various mathematical programming methodologies for finding the optimal solutions of the problems in related domains. However, one major limitation of these mathematical programming models is the assumption of centralised control, which is virtually impossible. This is because participating members in a supply chain are often owned by different parties and are distributed in nature. It is also difficult, if not impossible, for traditional analytical approaches to take flexibility in terms of some iterative algorithms into consideration. On the other hand, simulation is an effective tool for evaluating the control mechanism for distributed supply chains. In particular, multi-agent based simulation can cater for systems with distributed entities while each of them makes decisions locally. By adopting such a modelling technique, supply chains can be built efficiently. In this respect, a multi-agent based approach is employed in this thesis for analysing the proposed coordination mechanisms. In this thesis, several coordination mechanisms have been developed and simulation experiments have been conducted and tested on various performance measures including total cost, retailer cost, and demand fill rate. In a single product environment, a coordination mechanism which is called early order completion contract with a number of static, but selectable, delivery quantity and due date is employed to reduce the additional cost due to uncertain demand. In addition, the said contract approach is extended so that ranges of pre-defined delivery quantity and due date are presented to the supply chain members. They then can obtain the final decision within the solution space that is subject to the real-time information, rather than the forecast. To improve the generality of the proposed coordination mechanism, it is modified and applied in a multi-product environment. It is also compared with a situation where information sharing is allowed, which is considered as a pseudo- optimal solution. It is found that the proposed mechanism can outperform the tradition stochastic order-up-to policy, and can perform reasonably well against the pseudo- optimal solution. Finally, an adaptive approach is considered in order to further improve the fill rate of the proposed mechanism. The results of this thesis demonstrate the efficacy of adding flexibility in supply chains to counteract system dynamics. The thesis concentrate
Download or read book The Resilient Enterprise written by Yossi Sheffi and published by MIT Press. This book was released on 2007-02-23 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stories from Nokia, Dell, UPS, Toyota, and other companies show how firms can reduce their vulnerability to high-impact distributions, from earthquakes to strikes, from SARS to terrorism, and use them for competitive advantage. What happens when fire strikes the manufacturing plant of the sole supplier for the brake pressure valve used in every Toyota? When a hurricane shuts down production at a Unilever plant? When Dell and Apple chip manufacturers in Taiwan take weeks to recover from an earthquake? When the U.S. Pacific ports are shut down during the Christmas rush? When terrorists strike? In The Resilient Enterprise, Yossi Sheffi shows that companies' fortunes in the face of such business shocks depend more on choices made before the disruption than they do on actions taken in the midst of it—and that resilience benefits firms every day, disaster or no disaster. He shows how companies can build in flexibility throughout their supply chains, based on proven design principles and the right culture—balancing security, redundancy, and short-term profits. And he shows how investments in resilience and flexibility not only reduce risk but create a competitive advantage in the increasingly volatile marketplace.Sheffi describes the way companies can increase security—reducing the likelihood of a disruption—with layered defenses, the tracking and analysis of “near-misses,” fast detection, and close collaboration with government agencies, trading partners, and even competitors. But the focus of the book is on resilience—the ability to bounce back from disruptions and disasters—by building in redundancy and flexibility. For example, standardization, modular design, and collaborative relationships with suppliers (and other stakeholders) can help create a robust supply chain. And a corporate culture of flexibility—with distributed decision making and communications at all levels—can create a resilient enterprise.Sheffi provides tools for companies to reduce the vulnerability of the supply chain they live in. And along the way he tells the stories of dozens of enterprises, large and small, including Toyota, Nokia, General Motors, Zara, Land Rover, Chiquita, Aisin Seiki, Southwest Airlines, UPS, Johnson and Johnson, Intel, Amazon.com, the U.S. Navy, and others, from across the globe. Their successes, failures, preparations, and methods provide a rich set of lessons in preparing for and managing disruptions. Additional material available at www.TheResilientEnterprise.com.
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 Linking Manufacturing Postponement Centralized Distribution and Value Chain Flexibility With Supply Chain Performance written by Anand Nair and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we provide some preliminary insights regarding the relationship between the operational policies of manufacturing postponement, centralized distribution and value chain flexibility. Their impact on performance is examined. We considered asset productivity, delivery competence and responsiveness as three aspects of performance. A conceptual model is developed and empirically tested using the structural equations modeling technique. Our results provide strong evidence of a positive relationship between the operational policies and performance. We observe that value chain flexibility mediates the effect of manufacturing postponement and centralized distribution on the performance measures. The implications of our findings are discussed and directions for future research are provided.
Download or read book The New Ab Normal written by Yossi Sheffi and published by MIT CTL Media. This book was released on 2020-10-01 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much has been written about Covid-19 victims, how scientists raced to understand and treat the disease, and how governments did (or did not) protect their citizens. Less has been written about the pandemic’s impact on the global economy and how companies coped as the competitive environment was upended. In his new book, "The New (Ab)Normal", MIT Professor Yossi Sheffi maps how the Covid-19 pandemic impacted business, supply chains, and society. He exposes the critical role supply chains play in helping people, governments, and companies to manage the crisis. The book draws on executive interviews, pandemic media coverage, and historical analyses. Sheffi also builds on themes from his books "The Resilient Enterprise" (2005) and "The Power of Resilience" (2015) to enrich the narrative. The author paints a compelling picture of how the Covid-19 virus is changing many facets of human life and what our post-pandemic world might look like. This must-read book helps companies to redefine their business models and adjust to a fast-evolving economic landscape. The stage is set In Part 1 of the book, “What Happened,” the author looks at how companies fought to mend the global economic fabric even as the virus ripped more holes in it. Part 2, “Living with Uncertainty,” views the crisis through a supply chain risk management lens derived from Yossi Sheffi’s previous books. This perspective shows how companies create corporate immune systems to quickly recognize and manage large-scale disruptions. The ongoing pandemic is creating a new normal in life, work, and education—covered in Part 3, “Adjustment Required.” Consumer fears about the contagion as well as government mandates require businesses in industries such as retail, hospitality, entertainment, sports, and education to create “safe zones” for workers and customers. Many elements of the book – especially in Part 4, “Supply Chains for the Future” – show how the virus accelerated preexisting trends in technology adoption. China was the epicenter of the pandemic; it also was the first nation to be disrupted and recover. Part 5 of the book, “Of Politics and Pandemics,” explains why reports that companies are abandoning China in favor of other offshore manufacturing centers do not reflect reality. Fundamentally, The New (Ab)Normal is about businesses trying to create a better future in a time of extreme uncertainty – a point emphasized in Part 6, “The Next Opportunities.” The outlook is not necessarily gloomy. The advance of technology is accelerating, a trend that can level the playing field between small and large companies. Nimble small businesses are using a growing array of off-the-shelf cloud computing and mobile apps to deploy sophisticated technologies in their supply chains and customer interfaces. The New (Ab)Normal Another new normal is working from home. Remote working enables individuals to live anywhere and companies to recruit talent from anywhere. Education, especially higher education, faces a major disruption (and major opportunity) that is likely to shake the high-cost model of in-person education in favor of online or hybrid education. Regrettably, the book recognizes one trend accentuated by Covid-19--the growing inequality, and anticipates that the new normal will be more stratified.
Download or read book Retail Supply Chain Management written by James B. Ayers and published by CRC Press. This book was released on 2017-10-02 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Retail supply chain consists of multiple segments from sales to distribution to finance. Retail manufacturers rely on a complicated web of suppliers. Customer demand and market competition today requires extreme efficiency from end to end. This book offers the retail supply chain executive with the tools needed for full strategic advantage. The new edition gives special attention to recent challenges, such as vast technological change, higher levels of customer personalization, and more global supply chains.
Download or read book Digital Supply Chain Disruptive Environments and the Impact on Retailers written by Sabri, Ehap and published by IGI Global. This book was released on 2023-05-18 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the world having been plunged into uncertainty during the COVID-19 pandemic, a critical issue for senior management is stabilizing their supply chain to a consistent flow of components and materials. Even before the advent of the COVID-19 pandemic, supply chain complexity had been an increasingly “hot” topic. Add to that the complexity of new tariff restrictions, port congestion, regional conflicts, and geopolitical events and disruptions due to international conflict, and it is apparent that securing access to materials and critical resources is not without difficulty, and forecasting demand is even harder. Digital Supply Chain, Disruptive Environments, and the Impact on Retailers brings together the field’s latest best practices on digital supply chain enablement, giving business professionals a comprehensive framework to ensure successful supply chain business transformation programs. Covering topics such as business planning, digital transformation, and volatile demand, this premier reference source is an excellent resource for managers, directors, vice presidents, supply chain executives, IT directors, consultants, students and educators of higher education, librarians, researchers, and academicians.
Download or read book Omni Channel Retail and the Supply Chain written by Paul Myerson and published by CRC Press. This book was released on 2020-11-25 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Omni-Channel Retail and the Supply Chain The days of going to the local department store to buy a television, view the options available, and make a purchase now seem "quaint." The emergence of the internet, smartphones, social media, and other technologies has opened a world of new options for consumers (and businesses) to review, research, and buy online with an ever-increasing array of delivery options. The emergence of e-commerce has resulted in what is commonly known today as "omni-channel" marketing, in which customers engage with companies in a variety of ways, including in a physical store or online via websites and mobile apps. This process puts the supply chain "front and center," as consumers are increasingly demanding and browsing, buying, and returning goods through various channels, not just the traditional "brick and mortar" way. To accomplish this with high levels of service while remaining profitable requires real-time visibility of inventory across the supply chain and a single view of consumers as they continuously move from one channel to another. While this is a boon to consumers, it has made the already complex global supply chain even more challenging to manage. On top of that, the 2020 Covid19 pandemic has accelerated this omni-channel retail trend, as consumers need even more ways to order and additional options for last-mile delivery, such as curbside pickup. Covid19 has exposed a lack of flexibility and readiness, resulting in shortages of everything from toilet paper and meats to personal protective equipment (PPE) and ventilators. It has been a real-life example of the "bullwhip effect," where variability at the consumer end of the supply chain results in increased variability as one goes upstream towards distributors, manufacturers, and suppliers. This results in shortages, misallocations, and increased costs. No longer can a manufacturer, distributor, or retailer of consumer products just "fill the pipeline" and wait for orders to come in. Now, they must anticipate various purchases and delivery items, while at the same time minimizing costs. To do this is no easy task, requiring a Lean, agile, and responsive supply chain. Until now, there was no existing "playbook" for organizations to navigate their way through this new world. This book describes the impact of omni-channel marketing on the supply chain and logistics functions, and is intended to help management meet the needs of not only today’s ever-changing world but to anticipate what may be required in the future to achieve superior customer service, profitability, and a competitive advantage.
Download or read book Beyond Retail Stores written by Işık Biçer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Product proliferation occurs in supply chains to produce diverse products from a limited variety of raw materials. In such a setting, manufacturers can establish market responsiveness and/or cost efficiency in alternative ways. Delaying the point of the proliferation helps manufacturers improve the responsiveness by postponing the ordering decisions of the final products until partial or full resolution of demand uncertainty. This strategy can be implemented in two different approaches: (1) redesigning the operations such that the point of proliferation is swapped with a downstream operation and (2) reducing the lead times. To establish cost efficiency, manufacturers can systematically reduce the costs of all operations or postpone the high-cost operations. We consider a multi-echelon and multi-product newsvendor problem with demand forecast evolution to analyze the value of each operational lever of the responsiveness and the efficiency. We use the multiplicative martingale model of forecast evolution to characterize the demand-updating process, and develop a dynamic optimization model to determine the optimal order quantities at different echelons. We show that reducing the lead time of a downstream operation is more beneficial to manufacturers than reducing the lead time of an upstream operation by the same amount, whereas reducing the costs of upstream operations is more favorable than reducing the costs of downstream operations. We also indicate that delaying the proliferation may cause a loss of profit even if it can be achieved with no additional cost. We develop a decision typology that shows effective operational strategies depending on product/market characteristics and process flexibility.
Download or read book Handbook of Global Supply Chain Management written by John T. Mentzer and published by SAGE. This book was released on 2007 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today all companies either source globally, sell globally, or compete with some company that does. This handbook provides a comprehensive understanding and assessment of the field of global logistics and supply chain management.
Download or read book Logistics And Retail Management insights Into Current Practice And Trends From Leading Experts written by John Fernie and published by CRC Press. This book was released on 2023-01-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1980s witnessed the first step - change in managing the logistics function when stock centralization, contracting out and investment in technologies made a massive impact. The 1990s have experienced further changes that have been mainly concerned with incremental improvements and relationship changes. Academic researchers and industry specialists share their research into retail logistics providing a state-of-the-art report on the key issues. Logistics and Retail Management: Insights into Current Practice and Trends from Leading Experts covers changes in retail distribution and the recent transformation of retail logistics features company profiles of Safeway and Tesco, two of the most respected grocery logistics operations in the UK. It also discusses the internationalization of retailing and its impact on logistics strategy and proves that logistics excellence provides a fundamental competitive advantage.
Download or read book The Practice of Supply Chain Management Where Theory and Application Converge written by Terry P. Harrison and published by Springer Science & Business Media. This book was released on 2006-04-11 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: For over a decade, there has been an increasing interest in the use of supply chain methods to improve performance across the entire business enterprise. Numerous industries have recognized the importance of efficient supply chain integration, and, as a result, supply chain management has become a standard part of business practice. The Practice of Supply Chain Management: Where Theory and Application Converge is a must-have volume for users of supply chain management methods, supply chain management researchers, and students in supply chain management. The objective of the book is to provide an overview of this important practice-research cycle, and it is organized into three sections: Core Concepts and Practices; Emerging Supply Chain Practices; and Supply Chain in Action. The focus of the book is on supply chain practice, but supply chain practice that has been heavily influenced by supply chain research. It is this synergy between research and practice that continues to simulate new directions for research.
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.
