Introduction to SCM
We broke the ice and tried to understand each other's expectations.
We started to explore the amazing world of supply chains and the eternal love story between demand and supply! Netflix series Narcos and Tollywood blockbuster Pushpa made a special appearance. We explored how knotty these chains can get and how global supply chains can get so interconnected! We looked at the various types of supply chains and the challenges there-in. We also saw what the various costs in a supply chain are and how they are related to the various decisions that supply chain managers make.
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Efficiency v/s Responsive supply chain
We used the superman/clark kent metaphor to understand the various supply chain strategies to adopt based on the nature of the demand of the product you are selling to your customer.
You may always want to have the dynamic of Superman but you know within yourself that you prefer the stability of Clark Kent.
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Improving Efficiency:
Bullwhip effect in supply chains
In this epic two session marathon, you played the famous beer game and got a hands on understanding of the bullwhip effect.
As you navigated the tsunamis of backlogs or overstock, you learnt that life in a supply chain can get quite complicated without information sharing. We looked at the root causes and solutions.
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Responsive Supply Chains
In these sessions, we looked at two strategies used by companies to make their supply chains more responsive. Postponement or delayed differentiation is used when the product architecture is modularizable and the key differentiating module can be attached at a downstream location in a supply chain. Developing a Read React capability helps deal with products that have highly volatile and unpredictable demand pattern and economies of the product allows for spare capacity to be set aside to deal with demand surges.
Supply Chain Design
The sessions on Supply Chain Design focused on key decisions that affect supply chain performance, including proximity to customers, degree of centralization, and flexibility. Proximity to customers can impact transportation costs and customer satisfaction, while centralization offers better coordination and cost efficiency but less flexibility. Flexibility can be achieved through capacity flexibility, logistical flexibility, and multi-sourcing, which help supply chains adjust to changes in demand and mitigate risks. Balancing these factors is crucial in creating an effective and efficient supply chain that can meet customer needs and remain competitive in the marketplace.
The slides and the excel file used during the sessions has been attached below.
The slides and the excel file used during the sessions has been attached below.
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Supply Chain Risk Management
Digital Transformation of supply chains
Dr Arnab Banerjee in his session on Digitalization of supply chains spoke about the various business process within a supply chain and how these processes have been transformed with the advent of technology and how technology has become the driver for innovation in the supply chain space. He also spoke about the People, Process and Technology trifecta and the indispensable role of people in the context of supply chains.