3 parts of the overall business strategy
1. Marketing strategy
2. Operations strategy
3. Financial strategy
5 attributes of SCOR with their 9 measures
1. Reliability
a. Perfect order fulfillment
2. Responsiveness
a. Order fulfilment lead time
3. Flexibility
a. Upside flexibility
b. Upside adaptability
c. Downside adaptability
4. Costs
a. SCM costs
b. Costs of goods sold
5. Asset management
a. Cash-to-cash cycle time
b. Return of supply chain fixed assets
HOOFDSTUK 2: FORECASTING
Elements of a good forecasting
1. Timely
2. Accurate
3. Reliable
4. Expressed in meaningful units
5. In writing
6. Simple to understand and use (techniques)
7. Cost-effective
1
,Steps in forecasting process
1. Determine the purpose
2. Establish a time horizon
3. Obtain, clean & analyze appropriate data
4. Select technique
5. Make it
6. Monitor for errors
Techniques for averaging time-series forecasts
1. Moving average
2. Weighted moving average
3. Exponential smoothing
HOOFDSTUK 3: STRATEGIC CAPACITY PLANNING
Determinants of effective capacity
1. Facilities
2. Products & service factors
3. Process factors
4. Human factors
5. Policy factors
6. Operational factors
7. Supply chain factors
8. External factors
3 capacity strategies
1. Leading
2. Following
3. Tracking
2
, Steps in capacity planning
1. Estimate future capacity requirements
2. Evaluate existing capacity & facilities
3. Identify alternatives for meeting requirements
4. Conduct final analyses
5. Assess key qualitive issues
6. Select the best LT alternative
7. Implement
8. Monitor results
3 types of buffers for high demand
1. Inventory
2. Time
3. Capacity
Strategies to offset capacity limitations
1. Pricing
2. Promotions
3. Discounts
4. Other tactics
Factors to consider in-house or outsource
1. Available capacity
2. Expertise
3. Quality considerations
4. The nature of demand
5. Costs
6. Risks
Things that can be done to enhance capacity management
1. Design flexibility into systems
2. Take stage of life cycle into account
3. Take a bigger picture approach
4. Prepare to deal with capacity chunks
5. Attempt to smooth capacity requirements
6. Identify the optimal operating level as a function of facility size
7. Chose a strategy if expansion is involved
Categories of constraints
1. Market
2. Recourse
3. Material
4. Financial & policy
5. Knowledge & competency
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jdw99. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.23. You're not tied to anything after your purchase.