Study Guide: Final Exam
12 Cards in this Set
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What is the increase in the variance of replenishment orders farther up the supply chain away from the end customer?
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The Bullwhip effect
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Causes of the bullwhip effect
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1. Demand forecasting (errors, info delays, long lead times)
2. Order batching (fixed order costs, seek transportation econ of scale,quantity discounts)
3. Price fluctuations, promotions, and forward buying (sales & promotions, sales force incentive structure)
4.Rationing & gaming (inf…
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Where is the MUDA during bullwhip?
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- Mistmatch between demand & supplier
- Silo's created by suppliers
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If Bullwhip measure is >1
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Variance amplification is present
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If Bullwhip measure is = 1
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No amplification is present
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If Bullwhip measure is <1
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Implies a smoothing or dampening scenario as orders move up the supply chain to suppliers
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What is the objective of supply chain management
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The objective of SC management is to coordinate activities within the supply chain to maximize the supply chain's competitive advantage and benefits to the ultimate consumer
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Transportation modeling
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An iterative procedure for solving problems that involves minimizing the cost of shipping products from a series of sources to a series of destinations
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The Nearest Neighbor procedure
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1. Start with a node at the beginning of the tour (the depot node)
2. Find the node closest to the last node added to the tour
3. Go back to step 2 until all nodes have been added
4. Connect the first and last nodes to form a complete tour
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5S's of lean production
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1. Sort
2. Simplify
3. Shine
4. Standardize
5. Sustain
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Kanban
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Japanese word for card
is an authorization for the next container of material to be produced
pulls material through processes
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Formula for Takt time
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Takt time = Total work time available/Units required
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Study Guide: Final Exam