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Supply Chain

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1) What are some characteristics of efficient/responsive supply chains? What factors should a supplier consider when trying to establish a long-term relationship with one of its customers? What are the advantages in using the postponement strategy?

2) What factors need to be considered when running an E-business in respect to a global supply chain?

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Solution Summary

The solution discusses the characteristics of efficient/responsive supply chains; the factors to be considered by supplier when trying to establish a long-term relationship with customers; advantages in using the postponement strategy; and factors to be considered when running an e-business in respect to a global supply chain. References included.

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Operations Management
1) What are some characteristics of efficient/responsive supply chains?
? competing goals and objectives
? dynamic operating conditions
? need for cost reduction and on-time delivery
? emphasis on responsiveness to design changes
? designed to minimize cost that requires high utilization, minimizing inventory and selecting vendors based primarily on cost and quality and designing products that are produced at minimum cost
? designed to minimize lead time to respond to unpredictable demand thus minimizing stock out costs and obsolete inventory costs
What factors should a supplier consider when trying to establish a long-term relationship with one of its customers?
? financial stability of customer
? credit worthiness
? reputation of the company, e.g., fairness with suppliers, ability to honor payable promptly, stability of delivery schedules and quantities to facilitate smooth operations
What are the advantages in using the ...

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