Designing and Managing the Supply Chain, Chapter 1 Questions

PROC 5850 Week 1 Homework Ch1 Question 1,2,6 1. Consider the translate grasp for a domestic go. a. What be the components of the make out chain for an automobile? The components of the supply chain for an automobile atomic number 18 as follows First you support the furnish industries. These include components such as steel and other metals, rubber, electronics, plastic, glass, and textiles. These crude components argon fabricated into car bodies, mechanical and electrical subcomponents as substantially as engines and transmissions.These subassemblies atomic number 18 assembled during final assembly and then distributed to dealership for the consumer market. b. What be the different firms problematic in the supply chain? The following are a selection of firms involved in the supply chain Suppliers, Manufactures, transference companies, Wareho subprograms and distributions centers, sub-contractors, dealerships, and nodes. c. What are the objectives of these firms? The s imple objective of these firms is to maximize market share and ease up a profit.Socratic Seminar QuestionsEvery challenge to operate the supply chain supports these 2 primary goals. d. Provide pillow slips of conflicting objectives in this supply chain? The supplying industries would like the automobile manufacture to commit themselves to purchasing large quantities with permanent volumes with flexible (long- get) insures. On the manufactures side, they need to be flexible to their customers need and the change in demands. So what we have is a call conflict of interest between the suppliers and manufactures desire for flexibility.The ability to optimally hit supply and demand is just as much an art and it is a science. some other conflicts arise with transportation of little batches versus larger batches of supplies. Usually the smaller and faster a batch of supply is required, the address of transportation adjoin a nonher conflicting objective. e. What are the dangers that rare or unexpected events father to this supply chain? An unexpected risk such as a natural disaster can bring the supply chain to a stand still. However, such events can almost never be managed. in that respect are some challenges such as matching supply and demand risks, lead times, forecasts, transportation times and costs, which can be managed or operational risk management used to minimize risks. 2. Consider a consumer mortgage offered by a aver. f. What are the components of the supply chain for a mortgage? thither are several components of the supply chain for a consumer mortgage offered by a depose. First, there are marketing companies that solicit to prospective customers. Secondly, the bank needs to be able to evaluate potential customers by use credit-reporting companies.Thirdly, usually a third party bank that extends the mortgage loans. Lastly, the bank requires mortgage brokers that distribute the loans. g. Is there more than one firm involved in the supply ch ain? What are the objectives of the firm or firms? trade companies try to increase the responses from prospective homebuyers to maximize their returns. The banks try to find customers that are a relatively low risk, on-time payments, and low average maturity date i. e. , maximize profits. The mortgage broker is all about maximizing his explosive charge of the sell of the property. . What are the similarities between yield and service supply chains, what are the differences? Both growth and service supply chains provide a need. The difference is the type of service, instead of the physical produce-feast faster, better, cheaper all apply. just about of the differences between the both types of supply chains are as follows * With the product supply chain there is both the flow of physical and informational products. However, in the service supply chain, the product is mostly information. Unlike the service supply chain, inventory and transportation of goods are a major costs of product supply chains. * Since service supply chains usually dont carry inventory, coordinating capacity with demand is usually more Copernican. * The cost of information is more often higher than in a product supply chain. Consider the cost of a credit report or hiring a consultant. 6. Consider the supply chain for canned peaches sold by a major food-processing company. What are the sources of uncertainty in this supply chain? Some of the sources of uncertainty are as follows The first factor to numerate is the peach crop and the factors that effect it weather, disease, and disasters. * Number if migrant workers available to harvest the crop spoilage. * Lead times from field to processing plant spoilage. * touch on time, storage, and transportation times and costs. * Demand is not know beforehand. CASE Meditech working(a) 1. What are Meditechs problems in introducing new products? In manufacturing ALL products? Meditech has two major issues with introducing new products. * It has poor service levels for new products The inventory levels are higher than necessary for all of its products 2. What is diving these problems, both systematically and organizationally? There are seven major areas in which Meditech is driving these problems * In the planning system, there are too many built-in delays and monthly buckets. This leads to inefficacies, unneeded delays, and high inventory levels. * There is no tracking of prophecy errors. * Product demand is poorly studied. * The Info Systems used to record and reminder & inventory are not integrated and inadequately designed. Because Meditech does not normally see the end-customer, it has to overcome failures of communications with them hording/panic orders is one example of this failure to communicate with end-customers. * The poor planning system is use magnifies variations in demand. * Panic ordering. 3. Why is the customer service manager the first psyche to recognize the major issues? He was the person who d irectly received customer complaints. In his position he was able to determine the scope of the problems. Other managers were not in positions to be aware of customer satisfaction. 4. How would you fix these problems?There are several ways to fix the problems Meditech is facing. The first and most important is improving communications with customers Five Ys. Another way to change their SCM is to develop better demand forecasting systems and accountability for their forecasts. Furthermore, Meditech needs to integrate, practice, and purify their information systems. They could easily eliminate bulk inventory by pose assembly within the pull system i. e. , get rid of the push-pull system. Lastly, they could implement a planning system to decrease planning delays (or just use M. S. Project) and reduce system time buckets.