Supply Chain Management Review will provide you with the most current trends in supply-chain management. The magazine, which is based in the U.S.A, has been publishing almost a decade. They cover issues like the changing nature and role of information technology. The magazine provides an in-depth view of the industry, which is particularly useful for large supply chain managers.
Manufacturing is the final stage of supply chain management
Supply chain management is a complicated process that involves five key elements. They include planning, sourcing raw ingredients, manufacturing, delivery and return, and logistics. To avoid costly bottlenecks, companies must be skilled in each of these areas. Manufacturing is essential for perishable goods because it requires prompt delivery.
Reverse logistics
A company's bottom line is greatly affected by reverse logistics management. This service allows businesses to utilize existing infrastructure to reduce costs, increase efficiency and improve their profitability. It can also help the reputation of a company by enabling companies to use sustainable business practices. Reverse logistics has its own challenges.
Flexible model
Businesses can have a flexible supply chain to meet their customers' needs when they are high or low. It relies on part division, precise stocking algorithms and flexible planning. This includes incorporation of automation on factory floors. Staples (which manufactures writing tools) anticipates that there will be a surge in demand for its products during back-toschool season, and keeps stock of supplies throughout the entire year.
Agile model
A review of the Agile model for supply chain management can be a great way to help organizations make substantial changes and ensure that your supply chain is responsive to new developments. A supply chain that is agile can handle unexpected events such as the loss of a major manufacturing partner or logistical block can cause significant delays. However, these issues can be quickly resolved by an agile supply network. The model gives stakeholders visibility which allows them to continuously improve their supply chain process. Additionally, organizations can outsource certain segments of their supply chain, which leads to lower costs. It can also be used to predict shortages and reduce stock inventories.
Model of fast chain
A fast chain model for supply chain management emphasizes speed and responsiveness, and is ideal for companies that change product lines frequently and are competing for the same customers. This model is known for efficient inventory management and maximising the use of production equipment. It is ideal for small businesses that produce fashionable items with short-term life cycles. Businesses that are looking to bring products to market quickly will also benefit from this model.
Supply chain management ethics
Companies should be mindful of ethics in supply-chain management, which has significant implications for their business performance as well as the bottom line. Supply chain companies are often faced with problems related to environmental, labor, and social issues. A variety of initiatives are underway by companies to ensure ethical supply chains.
FAQ
What skills does a production planner need?
Production planners must be flexible, organized, and able handle multiple tasks. Effective communication with clients and colleagues is essential.
Are there any Manufacturing Processes that we should know before we can learn about Logistics?
No. No. However, knowing about manufacturing processes will definitely give you a better understanding of how logistics works.
How can I find out more about manufacturing?
Practical experience is the best way of learning about manufacturing. You can read books, or watch instructional videos if you don't have the opportunity to do so.
What are manufacturing and logistics?
Manufacturing is the act of producing goods from raw materials using machines and processes. Logistics includes all aspects related to supply chain management, such as procurement, distribution planning, inventory control and transportation. As a broad term, manufacturing and logistics often refer to both the creation and delivery of products.
Statistics
- According to the United Nations Industrial Development Organization (UNIDO), China is the top manufacturer worldwide by 2019 output, producing 28.7% of the total global manufacturing output, followed by the United States, Japan, Germany, and India.[52][53] (en.wikipedia.org)
- According to a Statista study, U.S. businesses spent $1.63 trillion on logistics in 2019, moving goods from origin to end user through various supply chain network segments. (netsuite.com)
- Job #1 is delivering the ordered product according to specifications: color, size, brand, and quantity. (netsuite.com)
- In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
- It's estimated that 10.8% of the U.S. GDP in 2020 was contributed to manufacturing. (investopedia.com)
External Links
How To
How to Use the Just-In-Time Method in Production
Just-intime (JIT), a method used to lower costs and improve efficiency in business processes, is called just-in-time. This is where you have the right resources at the right time. This means that your only pay for the resources you actually use. The term was first coined by Frederick Taylor, who developed his theory while working as a foreman in the early 1900s. He noticed that workers were often paid overtime when they had to work late. He then concluded that if he could ensure that workers had enough time to do their job before starting to work, this would improve productivity.
JIT is a way to plan ahead and make sure you don't waste any money. It is important to look at your entire project from beginning to end and ensure that you have enough resources to handle any issues that may arise. You'll be prepared to handle any potential problems if you know in advance. You won't have to pay more for unnecessary items.
There are different types of JIT methods:
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Demand-driven: This JIT is where you place regular orders for the parts/materials that are needed for your project. This will let you track the amount of material left over after you've used it. It will also allow you to predict how long it takes to produce more.
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Inventory-based: This type allows you to stock the materials needed for your projects ahead of time. This allows one to predict how much they will sell.
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Project-driven: This means that you have enough money to pay for your project. You will be able to purchase the right amount of materials if you know what you need.
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Resource-based JIT: This type of JIT is most commonly used. Here you can allocate certain resources based purely on demand. For instance, if you have a lot of orders coming in, you'll assign more people to handle them. You'll have fewer orders if you have fewer.
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Cost-based: This is the same as resource-based except that you don't care how many people there are but how much each one of them costs.
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Price-based pricing: This is similar in concept to cost-based but instead you look at how much each worker costs, it looks at the overall company's price.
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Material-based: This is very similar to cost-based but instead of looking at total costs of the company you are concerned with how many raw materials you use on an average.
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Time-based JIT is another form of resource-based JIT. Instead of worrying about how much each worker costs, you can focus on how long the project takes.
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Quality-based: This is yet another variation of resource-based JIT. Instead of looking at the labor costs and time it takes to make a product, think about its quality.
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Value-based JIT is the newest form of JIT. In this case, you're not concerned with how well the products perform or whether they meet customer expectations. Instead, you are focused on adding value to the marketplace.
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Stock-based: This stock-based method focuses on the actual quantity of products being made at any given time. This method is useful when you want to increase production while decreasing inventory.
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Just-in time (JIT), planning: This is a combination JIT/supply chain management. It is the process of scheduling components' delivery as soon as they have been ordered. It is essential because it reduces lead-times and increases throughput.