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Assignment on Supply Chain Management

Info: 1206 words (5 pages) Assignment
Published: 22nd Apr 2021 in Assignment

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Supply Chain Management

1. Identify and describe the five factors of supply chain coordination. 

Supply chain coordination aims to improve the performance of the supply chain by aligning the individual enterprise's plans and objectives. Supply chain coordination focus on the management of inventory decisions for ordering in the distributed settings of inter-company. The five factors of supply chain coordination include (Ackerman, 2007):

  • Critical/Important metrics of the supply chain: Organizations and companies need to consider how various taxes affect business and business operations. Therefore, the decision-making process should use a supply chain management system and monitor different indicators. However, considering the different metrics of material tracking to generate the supply chain analysis AIDC of the inventory (the useful life of the data captured electronically). Cost procedures, standard product identifiers, detailed indicators for high-cost suppliers.
  • Percentage of Captured Electronic and Inventory Data: For effective inventory management, it is critical to have inventory tracking methods. Expiring products would be problematic and a waste of effort and money.
  • Procedural costs and High-dollar products: Although it is important to monitor and coordinate supply chain indicators because they can effectively control overhead, fine-grained data is useful for high-cost material monitoring.
  • Industry standards: As always, on the metrics, which is most valuable for the handling of material in the regulated industries to track the unique identifiers of products. The ability to monitor and track the ingredients or components used in the manufacturing process is critical to regulatory compliance.
  • Human supply chains: Without the support of the organization, an important labor force can do many things. People’s enhanced technology (for example, mobile apps or software) reduces or alleviates the burden of over-stressed frontline employees and reduces absenteeism and staff turnover.

2. Discuss the Global Data Synchronization Network (GDSN). 

GDSN (Global Data Synchronization Network) is an online system used to exchange B2B product information among retailers, wholesalers, manufacturers, and distributors. In the product supply chain through GDSN, any participating agent can access and easily share information using a secure digital exchange system that has been verified against global quality standards. GDSN uses global standards and all participant directories should meet to ensure the consistency of shared data. These standards are known as GS1 and allow the agents to use the same or similar language in their information of the product and enable the products to be located and identified in a reliable, fast, accurate, and efficient manner. GS1 standards include EPC (Electronic Product Code), RIFD (Radio Frequency Identification) labels, and barcodes. However, it is essential for global distributors and suppliers to effectively share catalog information through a verified professional environment (Shah, 2009). In addition, the agents who share the product catalog on the network will automatically publish it in real-time, and the rest of the agents can consult separately and use it in their process. In addition, this is based on three parallel processes, including:

  • Data Synchronization
  • Global Standards
  • Network Connection

3. Identify and describe the activities in the collaborative planning, forecasting, and replenishment (CPFR) process. 

Customers or customers who are creators of products, services, or merchandise sales will be at the center of the CPFR process. Surrounding the customer is the retailer, and the supporting activities provided by the retailer are the following: POS forecasting, category management, buying, Store Execution, Logistics and Distribution, Vendor Management, Supplier Scorecard, and Replenishment Management.

The external activities of the CPFR process include manufacturer activities, and the process is roughly organized into four parts, including demand and supply management, planning, analysis, and execution. However, supply chain partners, manufacturers, and retailers can interact with eight activities in the CPFR process, including (Ackerman, 2007):

  • Joint business plan: Design to deliver the shared focus strategy, unified work plan, and mutual accountability.
  • Order fulfillment: It points to customers, can make SCs take effect and fill them effectively, which is a key step in providing services to customers.
  • Performance assessments: Related to methods, indicators, techniques, and processes to establish a consistent relationship between SC strategy, planning, execution and control.
  • Exception management: Operations, planning, and risk management of the company would be driven by the exception.
  • Order generation: Refers to the process/workflow related to picking, packaging and product delivery to the shipping carrier, which is a key element of completing an order.
  • Panning and forecasting: Perform to determine or determine how many products are available and need to be developed.
  • Sales forecasting: Check the data about the supplier, whether the completed parts/products will be further assembled under the SC.
  • Collaboration Arrangement: Delivers substantial benefits to the SC partners.

4. Identify and describe the five activities in the Sales and Operations Planning (S&OP) Cycle.

The five activities in S&OP Cycle they are the following (Shah, 2009):

  1. Data Gathering/Data Management: Collect information about after-sales, trend analysis, and forecast or estimate reports. Pareto analysis is performed to assign the parameters of forecasts. News items will be managed, and old items will no longer be used.
  2. Demand Planning: Validate forecasts, variability accounts, knowledge of the source of demand, and revised service strategies for customers as well as promotional plans, events, and new product releases.
  3. Supply Planning: Evaluate the company's ability to meet demand by reviewing available capabilities, required operations or plans, and capabilities. However, this can set inventory targets and plan supply through demand tracking or level loading.
  4. Reconciliation of Plan: Match the plans for supply and demands with the financial aspects and consideration.
  5. Finalized and Release the Sales and Operation Planning: The activity can be finalized, and the plan can be released for implementation.

References

Ackerman, K. B. (2007). Fundamentals of supply chain management: An essential guide for 21st-century managers. DC Velocity Books.

Shah, J. (2009). Supply chain management: Text and cases. Pearson Education India.

 

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