University:
MacEwan University
Course:
SCMT 200 | Introduction To Global Supply Chain Management
Academic year:

2023
Views:

325

Pages:

2
Author:

Arthur M.

Title: Supply Chain Levers to Deal with Uncertainty Sections: Beginning of product life cycle Demand is uncertain, supply may be unpredictable Margins are high, time is crucial for sales Product availability is crucial for capturing the market Cost is a secondary consideration Middle of product life cycle (commodity) Demand is more certain, supply is predictable Margins are lower due to increased competition Pride becomes a significant factor in customer choice Supply chain levers to deal with uncertainty: Capacity Combination of excess capacity and flexible capacity can help a supply chain deal with uncertainty Consider cost of excess capacity and flexibility when using capacity Inventory Holding inventory is a common lever used Consider cost of holding inventory Time Combination of speedy supply and willingness of customers to wait Consider cost of speedy supply and loss of customers due to wait time Information Investing in appropriate information (as opposed to data) to target the right customers Price Varying prices of products and services over time Lower prices to spur demand and higher prices for low inventory Requires information on inventory, demand, and customer willingness for dynamic pricing SCOPE OF STRATEGIC FIT: functions win a firm ana the stages across the supply rated stratege is an aligned onjective INTRAFUNCTIONAL SCOPE: Minimizing functional cost, within a be can she raregy, confict another + w) castr → increasing supply chain sungus fit wher Gaaes that