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Atricle Dump - Designing a Supply Chain for Demand and Supply Side Uncertainty
Promotion is one of those things almost everyone wants after a successful job search. But no one is bold enough to ask for it.If you’re determined to get ahead after a successful job search and are willing to follow some simple steps, you can move the odds of a promotion significantly in your favor.1. Under NO circumstances do you ever ask for a promotion!2. Get yourself a mentor. Someone a level or two above you that you feel comfortable with . . . with whom you can talk and get advice.3. Determine the factors that go into promotions where you work. For example, does your boss select people he/she feels comfortable with -- that they hangs out with? Or do they base decisions based solely on performance? You need to develop
You've schemed, you've scammed, you've plotted, but the elusive layoff has evaded you for the last time. Your desire to go to that spacious severance-package-in-the-sky needs to be fulfilled without further ado. How will you get upper management to see how pointless your position really is? Follow these five tips and soon you'll be packing your pictures.1. Work in customer service.Between voice-response systems, outsourcing to other countries, and form emails, who needs to talk to a person? See Exhibit A:"Dear Sir or Madam, Thank you for your feedback. At this time we are unable to . We highly value you as a customer and apologize for any inconvenience this may cause. We hope you will consider NeverDoingB
Product nature can be broadly classified as either functional or aesthetic. Functional products like pasta have stable demand whereas demand for aesthetic products like fashion goods is erratic. Innovative aesthetic products enjoy high profit margins but at the same time have seasonal demand and short product life cycle. It is difficult to stock enough of each items from broader product portfolio but a stock out of a popular item can tarnish brand reputation. On the other hand functional products like pasta or bread have predictable demand. Product nature determines demand uncertainty which in turn determines the nature of the supply chain. While product nature lends demand uncertainty, supply side uncertainty can emanate from multiple factors. Uncertainty at the production stage can originate form unpredictable yield or change in production technology or change in process. Uncertain lead time, small supply base and weather are also some of the non-production factors that contribute to supply side uncertainty.
When the supply side and demand side variations are low, operational efficiency is the key to successful supply chain. Production intensive industries can improve operational efficiency by optimizing the production process and eliminating non value adding activities. An important issue to keep in mind during supply chain design is visibility to actual demand from end customer. Stable demand from end consumers may become lumpy and unpredictable to second and third level suppliers due to bulk ordering practice of distributor and retailer. Supply chain planning becomes difficult when the demand is unpredictable. Trust based collaboration between the supplier and buyer for sharing real demand information is the solution for avoiding demand lumping in the supply chain. Stable and even demand facilitates better demand forecast, effective planning, optimum levels of safety stock, better customer service levels, less waste and improved profit margins. Logistics is core to operation of distribution intensive firms. Firms in distribution intensive industries like retail and 3PL must focus on improving logistic efficiency. Careful review of transportation, storage and distribution network and practice will through some light into non value adding logistic tasks. Redesign of end to end supply chain can improve logistic efficiency. WalMart, a
Your business will not succeed unless you sell the product or service you are offering. That is the goal of any business, whether large or small, home based or brick-and-mortar. And you will not make sales without advertising. It’s a proven marketing fact that all sales begin as an advertisement. Home based business sales are no exception.Without advertising, you are limited to word of mouth to draw new customers. Even if you have a website, no one will find it without advertising. You are just one person, and there are limits as to how may people you can reach through word of mouth. You need to post business ads in many venues to draw people to your product, service, or business.When writing business advertising copy, you need to keep your
Product nature can be broadly classified as either functional or aesthetic. Functional products like pasta have stable demand whereas demand for aesthetic products like fashion goods is erratic. Innovative aesthetic products enjoy high profit margins but at the same time have seasonal demand and short product life cycle. It is difficult to stock enough of each items from broader product portfolio but a stock out of a popular item can tarnish brand reputation. On the other hand functional products like pasta or bread have predictable demand. Product nature determines demand uncertainty which in turn determines the nature of the supply chain. While product nature lends demand uncertainty, supply side uncertainty can emanate from multiple factors. Uncertainty at the production stage can originate form unpredictable yield or change in production technology or change in process. Uncertain lead time, small supply base and weather are also some of the non-production factors that contribute to supply side uncertainty.
When the supply side and demand side variations are low, operational efficiency is the key to successful supply chain. Production intensive industries can improve operational efficiency by optimizing the production process and eliminating non value adding activities. An important issue to keep in mind during supply chain design is visibility to actual demand from end customer. Stable demand from end consumers may become lumpy and unpredictable to second and third level suppliers due to bulk ordering practice of distributor and retailer. Supply chain planning becomes difficult when the demand is unpredictable. Trust based collaboration between the supplier and buyer for sharing real demand information is the solution for avoiding demand lumping in the supply chain. Stable and even demand facilitates better demand forecast, effective planning, optimum levels of safety stock, better customer service levels, less waste and improved profit margins. Logistics is core to operation of distribution intensive firms. Firms in distribution intensive industries like retail and 3PL must focus on improving logistic efficiency. Careful review of transportation, storage and distribution network and practice will through some light into non value adding logistic tasks. Redesign of end to end supply chain can improve logistic efficiency. WalMart, a
The best way to measure your success in direct mail donor acquisition is to examine your cost to raise a donor rather than your cost to raise a dollar.Your cost to raise a dollar is a perfectly valid metric in direct mail fundraising, of course. By dividing the cost of your mailing by the gross income, you arrive at a number that helps you compare different mailings, compare results across different years, and compare fundraising methods (such as direct mail versus banquets versus telephone fundraising).But acquisition mailings are different than other fundraising letter mailings in one major respect—you are aiming to raise donors first, donations second. An acquisition mailing cannot be considered a success if it acquires no new donors, reg
When the supply side and demand side variations are low, operational efficiency is the key to successful supply chain. Production intensive industries can improve operational efficiency by optimizing the production process and eliminating non value adding activities. An important issue to keep in mind during supply chain design is visibility to actual demand from end customer. Stable demand from end consumers may become lumpy and unpredictable to second and third level suppliers due to bulk ordering practice of distributor and retailer. Supply chain planning becomes difficult when the demand is unpredictable. Trust based collaboration between the supplier and buyer for sharing real demand information is the solution for avoiding demand lumping in the supply chain. Stable and even demand facilitates better demand forecast, effective planning, optimum levels of safety stock, better customer service levels, less waste and improved profit margins. Logistics is core to operation of distribution intensive firms. Firms in distribution intensive industries like retail and 3PL must focus on improving logistic efficiency. Careful review of transportation, storage and distribution network and practice will through some light into non value adding logistic tasks. Redesign of end to end supply chain can improve logistic efficiency. WalMart, a
Before I begin let me state this. I'm sure you've heard that you only got a few seconds to capture a prospects attention and make the sale. Is that enough time to convince someone that your product or ad has something special about it? Well, it's not. That is why you should be extra careful when writing those small ads. Not only you have to capture your reader's attention but you have to concise them that your ad will lead them to what they are looking for.And here are the tips:Writing killer ads tip#1: The headline. Maybe you've heard that when it comes to small ads the headline is the most important part of your ad. Try to keep your headline to 6-8 words. Try to present what your product will help the customer do in a clear a
It is a known fact that people need money, at least in the present times, and the need for money increases as the years go by. Most people try to increase their income by looking for more ventures for business but in order to really get more money, you would have to also lower your costs. If you are still starting up an office, or trying to expand an existing one, a good way to cut costs is by constructing a modular office.What is a Modular Office?A modular building or office is a structure that is manufactured inside a factory and then shipped, part-by-part to the office location to be assembled. There are many buildings that make use of this modular system from classrooms, stores, restaurants, and of course, offices. There are also some ch
When the supply side uncertainty is high, risk pooling input materials can help Inventory can be piled up for low value input materials. Usually there is a risk associated with creative or high-value parts. Inventory can be pooled, shared and managed along with other users if the inputs items are scarce high value items which are difficult to obtain in bulk. Maintaining substitute materials and alternative suppliers is a time tested tactic used to manage supply side risk. Practise of allowing substitute parts or materials earlier during the design time is also a supply side risk management strategy famously called as "Design for Supply Chain". Firms in the down stream of supply chain use more custom parts to differentiate their products from their competitors. Special attention is required to maintain uninterrupted supply of such custom made parts critical to product differentiation. Various supplier relationship strategies such as controlling stake, partnership, future contracts and other supply hedges to secure steady supply of critical parts.
Demand is unpredictable for items like fashion apparel and hi-tech gadgets. These products rarely face any supply side uncertainty. Demand for items such as fashion apparel, movie and books are known only when the product reaches the store shelf. If the market reception for new items is not good, excess inventory is sold at a discount. Strategies such as postponement, store level configuration, parallel features and Internet orders can help tackle excess stock due to unpredictable demand. HP, a leading consumer electronics manufacturer, tackled the problem of uncertain demand for its high end printers by postponing the minor but important assembly tasks to regional distribution centers. Generic products are customized just before delivery time to meet demand for different types of same product. Reseller or dealer level configuration can be used to customize products which are easy to configure.
For low value items like self service manuals and warranty cards, printing and packaging in multiple languages is an effective strategy for multi national and multi cultural supply chains. Opening online channels may work well for items like music, video games etc. Apple iTunes site for iPod is a notable example. Dell’s popular assemble to order process for PC manufacturing is a revolutionary example of supply chain design
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