summary - Supply Chain Planning: Summary Review of intent,...

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Stephen C. Graves, Copyright 2005 All Rights Reserved Supply Chain Planning: Summary • Review of intent, learning goals and approach • Review of class sessions
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Stephen C. Graves, Copyright 2005 All Rights Reserved Intent and learning goals • Develop your understanding of supply chain phenomena and challenges • Develop your modeling skills and tool kit, applicable to supply chain planning • Learn tactics, concepts and counter- measures for supply chain improvement
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Stephen C. Graves, Copyright 2005 All Rights Reserved Approach • Models, frameworks and general principles for supply-chain conceptualization: how to think about supply chain challenges? • Specific tools and software: how to develop a solution plan? • Cases and applications: how to apply in practice?
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Stephen C. Graves, Copyright 2005 All Rights Reserved Overview • Primary challenge: given uncertainty and constraints, how to design and plan a supply chain to meet certain goals? • Types of uncertainty and constraints will vary with context • Applicable counter-measures and tactics will vary with context
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Stephen C. Graves, Copyright 2005 All Rights Reserved • Class 1: Introduction, Meditech – Supply chain dynamics with new product introduction – Supply chain challenges • Class 2: Inventory Models – Two simple models, periodic review, order-up-to and continuous review, reorder point – Cycle stock set by order frequency or lot size – Safety stock depends on demand variability over replenishment lead time plus review period – Service measures: probability of stock-out in replenishment cycle vs. fill rate
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Stephen C. Graves, Copyright 2005 All Rights Reserved • Class 3: Steel Works – Exercise of simple inventory models for analysis and diagnosis of inventory system – Opportunities for risk pooling from consolidating production and distribution • Class 4 – 5 : Supply Contracts – Sequential optimization leads to sub optimization – Contracts can move supply chain towards global optimum, facilitate risk sharing – Examples include buy back, revenue sharing, capacity reservation • Guest Speaker, Mike Watson, LogicTool – Supply chain tactical planning in practice
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Stephen C. Graves, Copyright 2005
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summary - Supply Chain Planning: Summary Review of intent,...

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