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Lecture Advances in supply chain management - Chapter 4

After reading the material in this chapter, you should be able to: To discuss the key performance measures necessary to achieve supply chain excellence. Inventories are often built up at the interface between partners. As a seamless integration of partners is crucial to overall supply chain performance, a thorough analysis of these interfaces (i.e. inventories) is very important and will be explained in detail. Consequently, giving an overview on inventories and introducing a standardized analysis methodology will also be discussed. | Advances in Supply Chain Management Chapter 2: Supply Chain Analysis (Cont ) Lec 4 : Learning Objectives To discuss the key performance measures necessary to achieve supply chain excellence Inventories are often built up at the interface between partners. As a seamless integration of partners is crucial to overall supply chain performance, a thorough analysis of these interfaces (i.e. inventories) is very important and will be explained in detail. Consequently, giving an overview on inventories and introducing a standardized analysis methodology will also be discussed. SUMMARY of Last Lecture In the last lecture, detailed analysis of the operations and processes constituting the supply chain has given the clear picture of the structure of existing supply chain and the way it works. Tools are needed to support an adequate description, modeling and evaluation of supply chain. General topics relating to the motivation and objective of a supply chain has been discussed. The well known SCOR model was introduced in the previous lecture. Building on the concepts in previous lecture, key performance measures are presented in order to achieve supply chain excellence. The present lecture will focus on the importance of the integration of partners for the overall performance of the supply chain. Inventories are often built up at the interface between partners. A thorough analysis of these interfaces (i.e. inventories) is very important. An overview on inventories and introducing of a standardized analysis methodology will also will the part of present lecture. LAYOUT Performance Measurement General Remarks Key Performance Indicators for Supply Chains Inventory Analysis Production Lot-Sizing or Cycle Stock Transportation Lot-Sizing Stock Inventory in Transit Seasonal Stock or Pre-built Stock Work-in-Process Inventory (WIP) Safety Stock Performance Measurement Having mapped the supply chain processes it is important to assign measures to these processes to . | Advances in Supply Chain Management Chapter 2: Supply Chain Analysis (Cont ) Lec 4 : Learning Objectives To discuss the key performance measures necessary to achieve supply chain excellence Inventories are often built up at the interface between partners. As a seamless integration of partners is crucial to overall supply chain performance, a thorough analysis of these interfaces (i.e. inventories) is very important and will be explained in detail. Consequently, giving an overview on inventories and introducing a standardized analysis methodology will also be discussed. SUMMARY of Last Lecture In the last lecture, detailed analysis of the operations and processes constituting the supply chain has given the clear picture of the structure of existing supply chain and the way it works. Tools are needed to support an adequate description, modeling and evaluation of supply chain. General topics relating to the motivation and objective of a supply chain has been discussed. The well