decision phases in supply chain

The supply chain is changing gradually. View Decision phases in supply chain.pptx from BBA ALD 2302 at Bangladesh University of Professionals. These decisions consider the prevailing and future conditions of the market. After the layout is prepared, the tasks and duties of each is laid out. This article addresses the key decision levels that need to be addressed for transportation to make its greatest impact in the integrated supply chain. Decision Phases (useful for supply chain management courses aptitude tests) Three categories – Depending on the frequency of each decision and the time frame, over which a decision has an impact, Supply chain strategy or design; Supply Chain Planning; Supply chain operations (detailed definition are provided in supply chain management diploma notes) (This image is courtesy of: AIMS … There are four major decision areas in supply chain management: Think of how you can use ICT support to analyze and weight alternatives and make the decision more collaborative by inviting colleagues and external experts to join the decision making process. supply chain Topic: 1.4 Decision Phases in a Supply Chain Model answer: The 3 decision phases that occur within a supply chain are supply chain strategy (or design), supply chain planning and supply chain operation. In strategic supply chain analysis, multiple groups of decision makers may have conflicting interests, since there can be an impact across departments and business units. Customers taste and preferences are changing day by day. A supply chain design phase is considered successful if it performs well in short-term planning. 19. All the departments engaged in this process need to work with an aim of improving the performance and minimizing uncertainty. More so when the company in question is an online retailer such as Amazon that links the buyers with the sellers and does not make or manufacture any of the items in its inventory. There are three such Decision phases which are explained below----Supply Chain Strategy - This type of decision is taken by the management mostly. Each decision is useful to bring supply chain surpluses. All the strategic decisions are taken by the higher authority or the senior management. Time is considered in a quarter to a year. As the decision includes long term prediction and contains cost of say very expensive if it goes wrong. supply chain operation. After completing the previous two phases, supply chain operations are needed to do. An. Decision phases in supply chain Successful supply chain management requires much decision to the flow of information, product and funds. As a result, Successfully supply chain management requires many decision phases. There are 3 decision phases in a supply chain. Strategic decisions in operations and supply chain management deal with the top-level, risky and complex issues. However,  These decisions are depending on the frequency of each decision and time frame. The SCOR model runs through five supply chain stages: Plan, Source, Make, Deliver, Return. IT plays a crucial role in supply chain decision phase which can be categorized as design, Planning includes subcontracting of manufacturing, inventory policies, timing, and size of marketing and price promotions. Chapter 6 - 1of2 supply-chain-management. The three levels (strategic, tactical and operational) are definitely related to each other and it all depends on the level of detail and timeframe you are looking at. See the supply chain of Wal-Mart and Amazon. Each decision should be made to rise to supply chain surplus. This problem has been solved! Stage 1: Plan. Decision phases in supply chain Successful supply chain management requires much decision to the flow of information, product and funds. Here we will be discussing the three main decision phases involved in the entire process of supply chain. The company decision includes –  what’s the chain configuration will be? It’s a reality inside and outside the four walls of any organization. There is less uncertainty about demand information. Supply chain planning is used for solving the constraints. And what processes each stage will perform. Decision phases can be defined as the different stages involved in supply chain management for taking an action or decision related to some product or services. Moreover, there are some strategic decisions that a company should decide. Whether to manufacture a product or component or buy it from a supplier is a major decision. If these types of decisions sound familiar, then you can relate to making strategic decisions. how large the warehouse in Kokomo should be. Supply Chain Strategy or Design: During this phase, given the marketing and pricing plans for a product, a company... 2. Supply Chain Operations - Time horizon is weekly or daily. And planning policies are already defined. humanitarian supply chain management is concerned with managing the efficient flow of aid materials, information and services and aim to reduce the impact of disaster on human lives (Lijo and Ramesh, 2012). Designing Supply Chain Network for each industry or business involves arriving at a satisfactory design framework taking into all elements like product, market, process, technology, costs, external environment and factors and their impact besides evaluating alternate scenarios suiting your … Show transcribed image text. All these decisions related to the supply chain are typically made for the long term. According to Supply Chain Management Review , “ this matters a lot in a world where the population of middle-class consumers will reach 5.5 billion or over 60% of world population by 2030—a phenomenal growth from 1 billion middle-class people comprising 20% of world population in 1985. The model describes the business processes required to satisfy a customer’s demands. All supply chain stages should work together on an aggregate plan that will optimize supply chain performance – For now we ignore transportation issues and costs and have single facility – Avoid sub-optimization by silo. Definition ,Types and uses of AI - Discussion on Business,Finance and Marketing, What is business intelligence ? During this phase, companies do-. Each decision should be made to rise to supply chain surplus. Procurement-presentation-WoGD. Successful supply chain management requires decisions on the flow of information, product, and funds that fall into three decision phases. There are three such Decision phases which are explained below---- Supply Chain Strategy - This type of decision is taken by the management mostly. In order to understand customers’ demands, a market research should be done. These decisions include deciding manufacturing the material, factory location, which should be easy for transporters to load material and to dispatch at their mentioned location, location of warehouses for storage of completed product or goods and many more. It is imperative to think about the economic situations at this stage.These decisions think about the predominant and future states of the market. The production department then responds to the customer demand by sending the demanded item to the warehouse through a proper medium and the distributor sends it to the customer within a time frame. Supply chain management consists of flow of goods, information and funds. Besides, This surplus can be achieved through supply chain planning phase. Have you ever been responsible for making complex, all-encompassing high risk decisions? Each decision should be made to raise the supply chain surplus. Decisions relate to the flow of information, product and funds. It will give you a clear scene of the importance of supply chain decisions. The effort in these types of decisions is to effectively and efficiently manage the product flow in the "strategically" planned supply chain. At the strategic level, company management makes high-level strategic supply chain decisions that are relevant to whole organizations. Supply Chain Strategy. A company would decide whether to outsource or perform a supply chain function in-house during the B) Design Phase 18. Definition ,Types and uses of AI, In-house vs. outsource – managing order, subcontracting, Location &capacities – production cost plus warehouse, Strategic change – brick mortar vs. online. In supply chain management today, it is widely accepted that effective upstream operations drive efficiency further down the supply chain — take, for instance, the degree to which suppliers are beginning to help customers reduce supply chain volatility through strategies such as vendor-managed inventories (VMI) and collaborative planning, forecasting and replenishment (CPFR). The supply chain process should be supported by the product life cycle . To keep with customers, marketers need to change their marketing activities. Expert Answer . Supply Chain Planning: For decisions made during this phase, the time frame considered is a quarter to a year. This amplifies the force that supply chain capabilities exert on key financial metrics, creating more Economic Value Added2 (box with yellow outline at the far right in Figure 1). Stage 1: Unmanaged, or Managed by Others. These decision fall in to 3 phases depending on the frequency of the each decision and time frame during which a decision phase has an impact. As there are ever growing demand of customers. Unless they are subcontractors for and are managed by others, these firms often have inefficient and costly operations. An example would be to position your supply chain as the most developed in your sector for the next 5 years. Companies that opt to participate in supply chain management initiatives accept a specific role to enact. On the other hand, operational decisions are short term, and focus on activities over a day-to-day basis. Decision Phases In SC •Long term planning •Structure the company’s SC •e.g sourcing, location, facility, capacity, transportation, etc. These decisions consider the prevailing and future conditions of the market. Supply chain strategy or design How to structure the supply chain over the next several years 2. This phase establishes constraints within the organization. Aaron Baker of Damco USA offers two global supply chain strategy examples that illustrate the decision makers and decision variables needed to ensure the chosen solution is optimal for the business.

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