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The document provides an overview of a supply chain management module, covering key topics like sourcing, coordination, demand variability, inventory options, and production policies. It also discusses specific aspects like labor arbitrage, globalization, and challenges in responsive supply chains. Examples from different industries are used to highlight complex supply chain management strategies.

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12 views2 pages

SCM Notes

The document provides an overview of a supply chain management module, covering key topics like sourcing, coordination, demand variability, inventory options, and production policies. It also discusses specific aspects like labor arbitrage, globalization, and challenges in responsive supply chains. Examples from different industries are used to highlight complex supply chain management strategies.

Uploaded by

he20003009
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Here's a detailed summary of the "Supply Chain Management Module Note":

- **Overview:**

- Focuses on supply chain models extending beyond a single firm's boundaries.

- Explores the network of organizations, resources, activities, and information connecting suppliers
to customers.

- Addresses choices between in-house production and outsourcing, influenced by geographic


locations.

- **Key Topics Covered:**

- Sourcing and Supply Chain Structure: Examines vertical integration versus specialization,
highlighting companies like Ford (1920s) and contemporary examples like Apple and Nike.

- Supply Chain Coordination: Discusses the coordination of different parts of a supply chain, and the
interdependencies in decision making.

- The Bullwhip Effect: Analyzes the causes of demand variability and strategies to combat it.

- Buyer-Supplier Inventory Options: Details different models like Buyer-Managed Inventory (BMI)
and Vendor-Managed Inventory (VMI).

- Coping with Uncertain Demand: Explores strategies to handle unpredictable consumer demand.

- Make-to-Stock vs. Make-to-Order: Discusses different production policies and their impact on
supply chain management.

- Efficient or Responsive Supply Chains: Differentiates between supply chains for functional
(predictable demand) and innovative (unpredictable demand) products.

- Reducing Uncertainty in Forecasting Demand: Looks at the role of data science and predictive
analytics in demand forecasting.

- Inventory Pooling: Discusses strategies for storing inventory across multiple locations.

- Supply Chain Visibility: Focuses on the importance of visibility into multi-tiered, global supply
chains.

- **Specific Aspects:**

- **Labor Arbitrage:** Movement of jobs from high-cost to low-cost regions.

- **Capital-Labor Substitution:** Decision-making related to automation and manual processes


based on regional cost factors.

- **Globalization:** Impact of global market access and sourcing decisions.

- **Tradability:** Factors influencing the ability to produce goods remotely and transport them to
different markets.
- **Challenges in Fashioning Responsive Supply Chains:** Balancing lead times and flexibility to
meet demand changes.

- **Demand Types:** Differentiating between predictable (functional products) and unpredictable


(innovative products) demand.

- **Managerial Challenges:** Emphasizes the complexity and broad impact of supply chain
management.

- **Case Studies and Examples:**

- Detailed examples from different industries, highlighting the complexities and strategies of supply
chain management.

This document provides a comprehensive overview of supply chain management, focusing on the
intricacies of managing and coordinating the entire supply chain, from sourcing to delivery, and
addressing the challenges faced in different industries and market conditions.

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