The uncertain nature of the customer demand need to take into consideration by generating the production plan and in particular the production quantities, to meet uncertain customer demand in the best way possible and maximize the profit, by minimizing production costs. Aggregate planning is a process by which a company decides about their ideal levels of capacity, production, inventory, stock-out situations, pricing, subcontracting, etc. Production planning, is the correct placement of production orders concerning place, or region, of production, and time scheduling and sequencing of production orders. The parameters are usually production rate, workforce, overtime, machine capacity level, subcontracting, backlog, and inventory on hand. The amount of overtime production planned is a parameter for aggregate production planning. Production planning for fashion apparel products has to cope with demand uncertainties. Collaborative forecasts created by various enterprises are an important input in aggregate supply chain planning. However, at the time of generating the production plan, the predicted customer demands are largely uncertain.
Search Results for: supply chain planning
What is a Supply Chain Management Job and Career?
Abstract In a case study, based on US-based companies, first-level management is of about 0-4 years. To understand the supply chain management job and career we can remind ourselves about the example of leaf cutter ants. APICS, founded in 1957 as American Production and Inventory Control Society and re-branded as The Association for Supply Chain Management in 2018, launched their […]
How to be a supply chain manager and what are the roles?
Abstract Supply chain managers are crucial in connecting different parts of a business’s supply chain, ensuring the value of the supply chain increases through effective management of supplier support, transportation, and distribution practices. They manage manufacturing and distribution processes, work with procurement managers, buyers, and vendors, negotiate contracts, use software to track goods, use data analytics to forecast demand, cut […]
Supply Chain Analytics: A conceptual discussion
A study supports the concept of an analytics culture built on advanced data management processes, technologies, and talent. SCAG can strengthen firms’ core features, such as ambidexterity, adaptability, and swiftness, enabling them to upgrade their performance in terms of sales, profit, and return on investment. SCAC can improve end-to-end supply chain productivity and eliminate market fragmentation. The study finds a significant positive relationship between SCAC and firm performance, with a mediating effect on supply chain agility. This could guide managers in investing in SCAC and considering complementary assets like supply chain agility to achieve a continued competitive advantage. SCAC can accelerate FPER by establishing robust agility in operations.
Supply Chain Management Career: A Discussion in general
In a case study, based on USA-based companies, first-level management is of about 0-4 years.To understand the supply chain management career we can remind ourselves about the example of leaf cutter ants.But Supply Chain Managers attempt and optimize the steps to produce the necessary amount of product and deliver the product to the end user at the right time when consumers need it.APICS, Founded in 1957 as American Production and Inventory Control Society and re-branded as The Association for Supply Chain Management in 2018, launched their CSCP (Certified Supply Chain Professional) programme in 2006. Institute for Supply Management, Founded in 1915 as the National Association of Purchasing Agents, launched its CPSM Certified Professional in Supply Management programme in 2008. Council of Supply Chain Management Professionals, Founded in 1963 as the Council of Logistics Management, launched their SCPro programme in 2011.For Supply Chain Management roles, “Process Engineer”, and “Supply Chain Analyst”.For Supply Chain Systems Manager roles, “ Supply Chain Manager”, Vice President, Supply Chain Management”.For Sales and Customer Service roles, “Account Specialist”/ “Customer Service”, “Customer Service Manager”, “Account Manager/Supply Chain Sales” etc.
Weather impacts on supply chain management: An analysis
Supply chains engender great opportunities for the weather forecasting industry to advance. Those who can utilize these kinds of forecasting, are beneficial to some extent and preserved from loss of weather disruptions. On one hand, the impact of weather in many cases increases the cost of the supply chain, on the other hand, it decrements the visibility of the supply chain due to inclement weather. Various weather stations measure weather data such as rainfall, shipping, etc. Weather cognate courses are being evolved for supply chain managers to tackle weather disruption issues well. The other utilization of weather reports from third-party companies can help forecast early solutions and point out the affected areas.
Supply Chain Management and its Drivers:
Abstract The logistical drivers are facilities, inventory, and transportation. Inventory denotes all raw materials, WIP, and finished goods in a supply chain. On the other hand, transportation involves moving inventory from point to point. Information is data about facilities, inventory, transportation, costs, prices and customers throughout the supply chain, also gives shipping options to managers. Pricing drivers determine the price […]