UARK SCMT 4653 Exam 3 Games and activities

UARK SCMT 4653 Exam 3 Questions And Actual Answers (DSI Problems) Power imbalances and politics are: - 1.) Driven by marketing and sales, costs skyrocket, service levels plummet, firms go out of business 2.) Dominated by finance 3.) Demand plan is simply ignored at last minute Benefits of Postponement: - Simultaneously reduces some costs and improves service Increases product selection Mass customization to individual customer preferences Best condition for Postponement- Market characteristics: - 1.) Shot product life cycles 2.) High sales fluctuations- unpredictable demand 3.) Variety of markets and customers 4.) Short reliable supplier lead times Best condition for Postponement- Process characteristics: - 1.) Modular product design 2.) Feasible to decouple primary and postponement operations Best condition for Postponement- Product characteristics: - 1.) High value/density products 2.) Physical dimensions: product gains cube, product gains weight Best conditions for Postponement Strategy (3) - Process characteristics Product characteristics Market characteristics Checkout experience: Then vs Now - Still remarkable similar a few decades later Coaching Metaphor Selection: - 1.) Talent 2.) Skills 3.) Team orientation Demand Management - Focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions Demand Management is: - Much more than just forecasting Integration of demand and supply Improves communication, coordination, and collaboration Improves basic SC flows Demand Supply Integration (DSI) -Supply (capacity forecast) - Sourcing Operations Logistics Upstream Suppliers Demand Supply Integration (DSI)- Demand (demand forecast) - Marketing Sales Downstream Partners Development of SC postponement example? - HP case study (changed SC management forever) DSI attempts to: - Bridge the Great Divide by facilitating cross functional integration through a sales and operating process DSI provides: - A demand plan (demand) and an operational plan (supply) as well as a financial plan (finance) and an alignment to corporate strategy (senior management) DSI- Finance: - Should provide input regarding financial goals and requirements of the firm DSI- Senior Management: - Should be evolved in this to provide insights that could help everyone understand strategic priorities Firms that effectively implement and integrate demand and supply will have? - A competitive advantage HP case study results: - Service improved dramatically Process was less complex Inventory levels declined Lower inventory carrying costs Lower lost sales cost Information Exchange Capabilities: - Driven down costs Improved in stock service levels Reduce lead-times for products and ser