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Managing Supply Chain Logistics

Managing Supply Chain Logistics

Discuss the strengths and weaknesses of the supply chain logistics / materials management concepts.

Applying the MPC Framework

Discuss the application of the MPC framework to a college/university setting. Identify the front end, engine, and back end.

Demand Management & Forecasting

Provide examples of made-to-stock, assemble-to-order, and make-to-order products available in your area. What advantages do you see in moving from make-to-stock to assemble or make-to-order?

Supply Chain & Optimization (S&OP) & Master Production Schedule (MPS)

What are the aggregate terms used in managing a university as a whole, IE: computer forecasts, student-scheduling, operations, etc. Please provide an example.

A. In production strategies, describe chase-production, level production and mixed-combination. Give an example of each in logistics field.

B. In Master Production Schedule Stability time fencing is shown as an extension of the freeze concept. In the manufacture of bicycles, describe this concept in your own words.

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Managing Supply Chain Logistics

Discuss the strengths and weaknesses of the supply chain logistics / materials management concepts.

We know that raw materials go through a series of processes within a company's supply chain system before it becomes the final product. We also know that even before the said raw materials arrive at the company's warehouse for handling and management, they also went through a series of operations from forecasting demand to ordering to receiving. We also know that the said final product will also go through a series of operations up to the time they are delivered to the consumers.

There are several supply chain logistics / materials management concepts and in this discussion of their strengths and weaknesses, I would like to focus on the just-in-time or JIT concept.

We know that JIT aims to lessen costs by reducing on-hand inventories. This supply chain management concept was 'invented' in Japan and popularized by Toyota and GE's Jack Welch. Of course, its strengths would be its ability to objectively identify how much a specific inventory should be maintained at any given period. On the other hand, since JIT assumes that demand is stable, its main weakness is this materials management style will result to a lot of losses in times of unstable demands. In the real world, even if history shows that the demand for a product is stable, sudden and unforeseen increase in this demand can happen.

All supply chain logistics / materials management concepts have strengths and weaknesses. Therefore to get the most benefit from a certain concept, the uniqueness of the company's situation must be taken into account and the supply chain logistics / materials management concept be redesigned. This will maximize the concept's strengths and minimize its weaknesses.

Applying the MPC Framework

Discuss the application of the MPC framework to a college/university setting. Identify the front end, engine, and back end.

The manufacturing planning and ...

Solution Summary

This solution discusses supply chain logistics, MPC framework, demand management/forecasting, supply chain & optimization (S&OP) & master production schedule (MPS).

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