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About Operation & Supply Chain Lec Notes30
This document provides a summary of a lecture on supply chain management and location problems. It discusses two types of supply chains - efficient and responsive. Efficient supply chains focus on cost minimization for functional products, while responsive supply chains prioritize service and delivery for innovative products. The lecture then outlines factors that contribute to efficient supply chain design, such as continuous replenishment programs and inventory control mechanisms, all aimed at reducing inventory levels and transportation costs. Responsive supply chains are discussed as accepting uncertainty in demand and large forecast errors for innovative products. Improving responsiveness through reducing lead times and using postponement strategies is emphasized. Finally, the lecture frames supply chain planning around strategic, tactical and operational decisions involving locations
Detailed Information
| Author: | ['Rangith Ramalingam'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 31 |
| Language: | English |
| Format: | |
| Price: | FREE |
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