By James B. Ayers
For those who make investments hundreds of thousands on new platforms you don't need yesterday's ideas. you wish a world view of end-to-end fabric, info, and fiscal flows. Managers this present day have an analogous issues managers had final 12 months, 10 years in the past, or 50 years in the past: items, markets, humans and talents operations, and finance. New provide chain administration techniques provide managers a hierarchy to the projects they need to practice to house those issues.Containing countless numbers of advice and insights, the instruction manual of provide Chain administration describes the evolution of offer chain administration. It explores how the options now renowned in strategic making plans and operations development will locate new functions in dealing with provide chains. the writer emphasizes altering offer chains instead of in basic terms holding them. He makes use of case stories to demonstrate the applying of those suggestions.
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Additional resources for Handbook of Supply Chain Management
A prime example is new-product development. Such knowledge inputs are the stuff of future growth through product innovation. This supply chain process for new products requires close coordination of intellectual input (the design) with physical inputs (components, prototypes, market studies, and the like). Today, added value in the form of intellectual capital is vital to marketing profitable goods and services. The supply chain should support the satisfaction of end-user requirements. These requirements give rise to the fundamental reason for the supply chain in the first place.
This implies an advanced competitive position in world markets, being the benchmark leader others in the industry turn to for ideas. But it’s hard to measure “world class” with any great precision. fm Page 22 Wednesday, July 19, 2000 10:14 AM 22 Handbook of Supply Chain Management Quality measures are another popular yardstick. We see organizations strive for “six sigma” processes. Six sigma is a quality gauge and measures the number of defects in potential occurrences. It stresses execution of internal operations, building quality into each product.
A product composed of winning Academy Award tracks timed for released at Oscar time is a less obvious one. 2 The Supply Chain Spin Rhino is an example of a company whose product is far more knowledge than tangible product. But efficient production requires the same management and coordination one must give to a complex physical product. So the domain of physical and intellectual products aren’t widely separated — if they are separated at all. The techniques described throughout this book are meant to have equal application in both cases.
Handbook of Supply Chain Management by James B. Ayers