Creating the responsive supply chain
11 important questions on Creating the responsive supply chain
Where does Lean owe his origins to?
Explain the Generic supply chain strategies matrix
Supply - Long LT / Demand - Predictable = Lean (plan and optimise)
Supply - Long LT / Demand - Unpredictable = Hybrid (de-couple through postponement)
Supply - Short LT / Demand - Unpredictable - Agile (quick response)
Explain the variables in the Volume/variability matrix.
Variability = the extent to which the level of demand changes from one period to another
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Explain the Volume/variability matrix
Variability - High / Volume - Low = Simplify and justify (undpredictable 'spikey' volumes)
Variability - High / Volume - High = Separate base and surge (base volume with unpredictable surges)
Variability - Low / Volume - High = Continuos replenishment (large predictable volumes)
What is the EOQ formula?
A = Annual usage / demand
S = Ordering cost / set-up cost
i = Inventory carrying cost
What is safety stock?
What does market sensitive mean?
What does the arm's-length approach mean?
What are the foundations of agility?
- Synchronise activities through shared information
- Work smarter, not harder
- Partner with suppliers to reduce in-bound lead-times
- Seek to reduce complexity
- Postpone the final configuration/assembly/distribution of products
- Manage processes not just functions
- Utilise appropriate performance metrics
Which kind of customers are there and which supply chain strategy fits them?
- Driven by cost - Lean
- Driven by service/responsiveness - Agile
- Seeking specific solutions - Customised
Which three dimensions provide the platform for any supply chain?
- (Lead)time
- Inventory
- Throughput capacity
The question on the page originate from the summary of the following study material:
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