UT Knoxville BUAD 331 - Chapter 4 (7 pages)

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Chapter 4



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Chapter 4

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Pages:
7
School:
University of Tennessee
Course:
Buad 331 - CBM I: Supply Chain Mgt
CBM I: Supply Chain Mgt Documents

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BA331 Supply Chain Management Chapter 4 Shay Scott Ph D Department of Marketing and SCM Managing Director Global Supply Chain Institute University of Tennessee sdscott utk edu Planning Horizon and Uncertainty 2 Lead Time Gap Concept The time it takes to procure make and deliver the finished product to a customer is often longer than the time the customer is prepared to wait Lead Time Gap SC Lead Time Customer s Order Cycle Time Supply chain lead time procurement manufacturing and delivery of order Customer s order cycle time time that the customer is prepared to wait on order In conventional organizations the only way to close the lead time gap is to attempt to forecast the market s requirements and carry just in case inventory Lead Time Gap 4 Demand Penetration Point and Inventory 5 Balancing Supply and Demand 6 Velocity Visibility Drive Responsiveness 7



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