What are the 4 dimensions of sustainability?
economic: substitutes, lean, offsets
ethics: social responsibility
environment: waste, conservation
education: global knowledge, talent development
economic & ethics: free trade
ethics & education: cultural awareness
education & environment: technology usage
environment & economic: energy
Name different supply chain strategies.
Kanban
Just in Time (JIT)
Cross Docking
Quick Response
Vendor Managed Inventory
What is Kanban?
inspired by supermarkets
constant replenishment, no extra stock
a pull system to inform suppliers to bring stock levels up
scheduling system: what, when and how much to produce
What is Just in Time?
philosophy: inventory is waste
inventory hides production problems
The right material, at the right time, at the right place and in the exact amount
What is Cross Docking?
unloading materials from an incoming semi-trailer truck or rail road car and loading these materials directly into outbound trucks, trailers or rail cars with little or no storage in between
-> combine material from different origins into vehicles with similar destinations
What are the advantages and disadvantages of cross docking?
Advantages
Disadvantages
streamlining supply chain
need of adequate IT system
eliminating warehouse costs
need of adequate transport fleet
reducing handling costs and inventory
freight handling -> product damage
What is Vendor Managed Inventoy (VMI)?
buyer of a product provides certain information to supplier of that product
supplier takes full responsibility for maintaining an agreed inventory level
stock-outs are less likely
reduction of inventory level
for cargos which are voluminous, high value, forecast in advance
Last changeda year ago