TITLE

Supply-Chain Planning Winning The Game

AUTHOR(S)
Williams, Hugh
PUB. DATE
June 2002
SOURCE
Logistics & Transport Focus;Jun2002, Vol. 4 Issue 5, p47
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the components of supply chain planning (SCP). A simple supply chain may be describes as a small privately owned single site manufacturing unit, receiving materials from a host of suppliers. The base functions of SCP are deand management and forecasting, inventory planning and sourcing, planning and scheduling, and materials management. An analogy between SCP and the game of chess was seen as important by the author of this article. The component of strategy is seen as important to both the game and SCP. So whatever a company chooses to do, the strategies will determine which techniques and tools are relevant. The author has found out, through years of experience, that companies carry out all of the SCP functions in a departmental fashion. Companies will need to understand what measurement systems influence the way their people work. Giving an incentive to increase forecast accuracy may have a serious negative impact on projected inventory and consequent sales. In SCP, managers are talking about the optimization of the global supply chain, and therefore, potentially the sub-optimization of some of the individual elements of the supply chain.
ACCESSION #
11646664

 

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