Supply chain management is a very important aspect of business. It has a huge impact on the operations of many companies. This is because it involves several interrelated processes that involve the planning, coordination and execution of the entire process from product development, manufacturing and supply to the distribution and sale of a product.
In a business environment, success depends on an organization's ability to successfully manage, plan and execute their supply chain. It is important not only to have an efficient supply chain but to also be able deliver products and services efficiently and effectively at a reasonable cost.
As a result, the field of supply chain management is constantly evolving and developing new ideas and concepts to meet the needs of organizations worldwide. The number of articles published in this area each year is a testament to the fact that it has become a significant source of knowledge and information for research institutions and companies worldwide (Felea & Albastroiu 2013).
Supply Chain Papers to Help You Make the Best Decisions
As one of the most complex fields of business, supply chain management is a fascinating subject to study. It includes topics like the management of a supplier base and effective inventory, as well as design and implementation logistics systems.
Another area of interest is in establishing a comprehensive understanding of how to manage risk within the supply chain. This is because the world around us has become a much more unpredictable place, which means that businesses must be prepared for any type of disruption.
This field does not just focus on the impacts of disruptions to operations. It also considers how to minimize the financial and reputational damage that disruptions could cause. This is done through various techniques, such as assessing the probability that disruptions occur or the cost of a single event to determine how to build resilience in an organization.
The ripple effect of supply chain disruptions has received considerable attention in the literature. It's a phenomenon that occurs when a disruptive event affects the overall performance in the supply chains. This can include production and sales.
Some researchers have focused their attention on estimating the effect of disruptions and on reducing them through tactics that are tested in quantitative models. Some of these techniques include reorder point strategies, backward propagation analysis, and Bayesian networks.
This research is particularly valuable in the area resilience. It allows scholars to develop a body of extensive knowledge regarding disruptions in supply chains, and ways firms can mitigate or reduce their impact.
Aside from this academic output, there has been a lot of attention paid to supply chain interruptions and resilience in the public domain. There are many publications in academic and professional journals on this subject (Felea & Albastroiu 2010; Wilding and Wagner 2019).
FAQ
What skills should a production planner have?
Production planners must be flexible, organized, and able handle multiple tasks. You must also be able to communicate effectively with clients and colleagues.
Is it possible to automate certain parts of manufacturing
Yes! Since ancient times, automation has been in existence. The Egyptians invented the wheel thousands of years ago. Today, robots assist in the assembly of lines.
In fact, there are several applications of robotics in manufacturing today. They include:
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Automated assembly line robots
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Robot welding
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Robot painting
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Robotics inspection
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Robots that create products
Automation could also be used to improve manufacturing. 3D printing makes it possible to produce custom products in a matter of days or weeks.
What does "warehouse" mean?
A warehouse is an area where goods are stored before being sold. It can be an indoor space or an outdoor area. In some cases, it may be a combination of both.
What are the four types in manufacturing?
Manufacturing refers the process of turning raw materials into useful products with machines and processes. Manufacturing involves many activities, including designing, building, testing and packaging, shipping, selling, service, and so on.
What does it take to run a logistics business?
You need to have a lot of knowledge and skills to manage a successful logistic business. Good communication skills are essential to effectively communicate with your suppliers and clients. You should be able analyse data and draw inferences. You must be able manage stress and pressure under pressure. In order to innovate and create new ways to improve efficiency, creativity is essential. You must be a strong leader to motivate others and direct them to achieve organizational goals.
It is important to be organized and efficient in order to meet tight deadlines.
Do we need to know about Manufacturing Processes before learning about Logistics?
No. It doesn't matter if you don't know anything about manufacturing before you learn about logistics. Knowing about manufacturing processes will help you understand how logistics works.
Statistics
- In 2021, an estimated 12.1 million Americans work in the manufacturing sector.6 (investopedia.com)
- It's estimated that 10.8% of the U.S. GDP in 2020 was contributed to manufacturing. (investopedia.com)
- You can multiply the result by 100 to get the total percent of monthly overhead. (investopedia.com)
- Job #1 is delivering the ordered product according to specifications: color, size, brand, and quantity. (netsuite.com)
- (2:04) MTO is a production technique wherein products are customized according to customer specifications, and production only starts after an order is received. (oracle.com)
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How To
How to Use Lean Manufacturing in the Production of Goods
Lean manufacturing is an approach to management that aims for efficiency and waste reduction. It was developed in Japan during the 1970s and 1980s by Taiichi Ohno, who received the Toyota Production System (TPS) award from TPS founder Kanji Toyoda. The first book published on lean manufacturing was titled "The Machine That Changed the World" written by Michael L. Watkins and published in 1990.
Lean manufacturing is often described as a set if principles that help improve the quality and speed of products and services. It emphasizes the elimination of defects and waste throughout the value stream. Lean manufacturing can be described as just-in–time (JIT), total productive maintenance, zero defect (TPM), or even 5S. Lean manufacturing eliminates non-value-added tasks like inspection, rework, waiting.
Lean manufacturing can help companies improve their product quality and reduce costs. Additionally, it helps them achieve their goals more quickly and reduces employee turnover. Lean Manufacturing is one of the most efficient ways to manage the entire value chains, including suppliers and customers as well distributors and retailers. Many industries worldwide use lean manufacturing. Toyota's philosophy is a great example of this. It has helped to create success in automobiles as well electronics, appliances and healthcare.
Five basic principles of Lean Manufacturing are included in lean manufacturing
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Define Value: Identify the social value of your business and what sets you apart.
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Reduce Waste - Eliminate any activity that doesn't add value along the supply chain.
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Create Flow - Ensure work moves smoothly through the process without interruption.
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Standardize and Simplify – Make processes as consistent, repeatable, and as simple as possible.
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Develop Relationships: Establish personal relationships both with internal and external stakeholders.
Lean manufacturing is not a new concept, but it has been gaining popularity over the last few years due to a renewed interest in the economy following the global financial crisis of 2008. To increase their competitiveness, many businesses have turned to lean manufacturing. Some economists even believe that lean manufacturing can be a key factor in economic recovery.
Lean manufacturing has many benefits in the automotive sector. These include higher customer satisfaction levels, reduced inventory levels as well as lower operating costs.
The principles of lean manufacturing can be applied in almost any area of an organization. This is because it ensures efficiency and effectiveness in all stages of the value chain.
There are three main types in lean manufacturing
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Just-in Time Manufacturing (JIT), also known as "pull system": This form of lean manufacturing is often referred to simply as "pull". JIT stands for a system where components are assembled on the spot rather than being made in advance. This approach reduces lead time, increases availability and reduces inventory.
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Zero Defects Manufacturing: ZDM ensures that no defective units leave the manufacturing plant. It is better to repair a part than have it removed from the production line if it needs to be fixed. This is true even for finished products that only require minor repairs prior to shipping.
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Continuous Improvement (CI): CI aims to improve the efficiency of operations by continuously identifying problems and making changes in order to eliminate or minimize waste. It involves continuous improvement of processes, people, and tools.