Operations Final 4 (4/10 PP)

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Author:
jlm158
ID:
148279
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Operations Final 4 (4/10 PP)
Updated:
2012-04-17 21:57:46
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Operations Final 10 PP
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Operations Final 4 (4/10 PP)
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  1. Reducing Safety Inventory (5)
    • 1. Reduce demand variability through better forecasting
    • 2. Reduce lead time
    • 3. Product substitution
    • 4. Common components
    • 5. Postponement
  2. Lean forms of waste (4)
    • 1. Overproduction
    • 2. Defects
    • 3. Inventory
    • 4. Intellect (not listening to people on floor)
  3. Lean delivers to the customer (4)
    • Exactly what they need
    • When they need it
    • In the quantity they need
    • Without defects
  4. 6 sigma goal
    Idenify, quantify and eliminate variability
  5. Consequence of unsynchronized supply chain = bullwhip effect
    - Incorrect info leads ot each level of the supply chain ordering more then is needed.
  6. Bullwhip effect causes (3)
    • order batching
    • demand signal processing
    • price fluctuations (low price = buy a lot now)
  7. Counteract Bullwhip effect (4)
    • 1. Reduce info flow time
    • 2. Reduce economies of scale
    • 3. CPFR
    • 4. VMI (coordinate repleneshiment and forecasting)
  8. Reengineering
    Radical redesign of business process for dramatic improvemetns when continuous improvement not enough
  9. Managing Change (4)
    • 1. Involve stakeholders
    • 2. Educate stakeholders
    • 3. Make antagoninsts/naysayers part of process from start
  10. CPFR - Collaborative Planning Forecasting and Replenishment
    Working with customer's data and include it in forecast to better forecast demand.

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