In this summary, all the parts from the book that need to be studied are summarized, as well as the lecture slides from both the lecturer and the guest lectures. I mainly put the emphasis on the theoretical part of the course and left out the calculation parts. These can be found in the other summa...
Very good summary! Will definitely pass this course now. Thanks!
By: maartjevries • 3 year ago
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ECB3OSM
Operations and Supply
Chain Management
Summary
,Contents
Remarks ................................................................................................................................................... 3
Chapter 1 – Introduction to Supply Chains ............................................................................................. 4
Types of stores..................................................................................................................................... 4
Basic supply chain features ................................................................................................................. 4
Importance of Supply Chains .............................................................................................................. 4
Traditional vertical business pillar versus Modern approach .............................................................. 5
Usage of Metrics ................................................................................................................................. 5
Product and Production Process .......................................................................................................... 5
Mass Production and Distribution ....................................................................................................... 5
Demand, Orders and Bullwhip effect .................................................................................................. 6
Chapter 2 – Collaborative Forecasting .................................................................................................... 6
Forecasting .......................................................................................................................................... 6
Components of observed demand ....................................................................................................... 7
Forecasting in practice......................................................................................................................... 7
Chapter 3 – Capacity Planning and Facility Location ............................................................................. 7
Capacity ............................................................................................................................................... 7
Capacity decisions with linear programming ...................................................................................... 8
Chapter 4 – Production Planning............................................................................................................. 9
Production planning ............................................................................................................................ 9
Production planning as linear programming ....................................................................................... 9
Chapter 5 – Inventory Management in a Deterministic Scenario ........................................................... 9
Types of inventories ............................................................................................................................ 9
Reasons to keep inventory ................................................................................................................... 9
Economic Order Quantity model (EOQ) .............................................................................................. 9
Cost categories associated with keeping inventory ........................................................................... 10
Chapter 6 – Inventory Management under Uncertain Conditions ......................................................... 10
Centralizing demand and safety stock ............................................................................................... 10
Just in Time Inventory (JIT) Management ........................................................................................ 10
Chapter 7 – Risk Sharing and Risk Sourcing ........................................................................................ 11
Procurement or sourcing ................................................................................................................... 11
Purchase categories ........................................................................................................................... 11
Types of relationships ....................................................................................................................... 11
Final decisions about a supplier ........................................................................................................ 11
Total cost of ownership (TCO) ......................................................................................................... 12
Risk sharing ....................................................................................................................................... 12
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, Chapter 8 – Asset Mobility and Infrastructure for Supply Chains ........................................................ 12
Transportation Infrastructure and Policies ........................................................................................ 12
Forms of infrastructure ...................................................................................................................... 13
Types of infrastructure – Movement of goods .................................................................................. 13
Cost, Risks and Benefits of information technology ......................................................................... 13
Chapter 9 – Distribution and Routing Networks ................................................................................... 14
Network ............................................................................................................................................. 14
Comparing online and offline sales ................................................................................................... 14
Online versus offline ......................................................................................................................... 14
Payment methods .............................................................................................................................. 15
Chapter 10 – Revenue Management and Optimizing Capacity Usage.................................................. 15
Price as a lever for capacity optimization.......................................................................................... 15
Overbooking ...................................................................................................................................... 15
Price discount in a Supply Chain........................................................................................................ 15
Hedging instruments ......................................................................................................................... 15
Chapter 11 – Managing Bottlenecks and Waiting Lines in a Supply Chain ......................................... 16
Types of mismatches ......................................................................................................................... 16
Congestion ......................................................................................................................................... 16
Queueing theory ................................................................................................................................ 16
Common indicators ........................................................................................................................... 16
Queue Disciplines.............................................................................................................................. 16
A calling population or Input Source ................................................................................................ 17
Service performance characteristics .................................................................................................. 17
Queueing behavior ............................................................................................................................ 17
Psychology of waiting in a line ......................................................................................................... 17
Birth of death process ........................................................................................................................ 17
Chapter 12 – Sustainability and Corporate Social Responsibility in a Supply Chain ........................... 18
Corporate Social Responsibility (CSR) ............................................................................................. 18
CSR policy ........................................................................................................................................ 18
Five-step waste hierarchy .................................................................................................................. 19
Tragedy of the Commons .................................................................................................................. 19
Ecological dynamics of renewable resources .................................................................................... 19
1st Guest lecture – Private Procurement ................................................................................................ 20
Key elements of procurement management ...................................................................................... 20
Procurement value creation objectives .............................................................................................. 20
Direct versus indirect procurement ................................................................................................... 20
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