What is an example of a responsive supply chain?
A responsive supply chain is one that is sensitive to meeting customer requirements. For example, an online computer hardware assembler may update their product range every 90 days, when the new models, which may have increased performance, will be at lower prices than the models they replaced.
Efficient supply chains are able to deliver products at a low cost, while responsive supply chains are capable of responding quickly to changing con- sumer needs.
Is Apple a responsive or efficient supply chain?
A year later, Cook, a supply chain expert, joined Jobs to help reinvent, speed up and simplify the Apple supply chain. It was the best decision for the company at the time, because now the Apple supply chain is considered to be one of the most powerful, efficient models ones in the world.28-Mar-2018
A firms ability to satisfy customer requirements in a timely manner is referred to as Responsiveness, while efficiency is a firm's ability to deliver goods in accordance with the customer's expectations with least wastage in terms of raw materials, labour and cost.03-Jan-2018
Can a supply chain be both efficient and responsive?
Yes, a supply chain can and should be both efficient and responsive. A supply chain can be efficient by making optimal use of its resources while at the same time remaining responsive to market forces and customer demands.
An efficient supply chain is one that can make the most optimum use of its resources including financial, human, technological or physical. This results in reducing operational costs for materials and packaging and reduces time wastage.
What are the primary goals of efficiency and responsiveness in a supply chain?
The primary purpose of the supply chain is to fulfill demand, drive customer value, improve responsiveness, facilitate financial success and build a good network. Most primary goals of efficient supply chain management should be – faster delivery, Higher efficiency, and an accelerated cash flow.
4 Ways to Develop a Demand-Responsive Supply Chain
What is the supply chain of Coca Cola?
The typical workflow within Coca-Cola supply chain: The Coca-Cola Company headquarters in Atlanta manufacture the concentrated syrup and sell it to Coca-Cola Enterprises (CCE) or another bottling partner, which is responsible for selling the product in North America and Canada.11-Dec-2018
Under a Walmart's supply chain initiative – called Vendor Managed Inventory (VMI) – manufacturers became responsible for managing their products in Walmart's warehouses. As a result, Walmart was able to expect close to 100% order fulfillment on merchandise.04-Oct-2018
What type of supply chain does Apple use?
How does Apple run its supply chain operations? In a nutshell, Apple purchases components and materials from various suppliers, then gets them shipped to the assembling plant in China. From there, products are shipped directly to consumers (via UPS/Fedex) who bought from Apple's Online Store.15-Apr-2020
We define a responsive supply chain as one that has flexibility to evolve with the expected and to react quickly to the unexpected.22-Sept-2020
Which of the following is an example of supply chain efficiency?
Which of the following is an example of supply chain efficiency? Apple sources its raw materials in ways that keep its costs low. international consortium of organizations whose purpose is to develop open standards for the Web.
DOS is the most common KPI used by managers in measuring the efficiency in supply chain. It is calculated by dividing the average inventory on hand (as value) by the average monthly demand (as value) and then multiplying it by thirty, when measuring on a monthly basis.13-Aug-2019
How can supply chain performance be improved in terms of responsiveness and efficiency?
How to improve supply chain efficiency in 7 steps
Why is supply chain responsiveness so important? Because it enables manufacturers to: Reduce risk (better supplier performance keeps costs and schedules in-line; underperforming suppliers can be identified and managed).23-Dec-2010
What is Nike's supply chain?
Nike's supply chain functions around three core organizational principles: outsourcing, to save costs; diversification, to minimize risk; and corporate social responsibility, to manage its impact on the world it works in.14-Jun-2021
Supply chain professionals at Nestlé play a critical role in ensuring quality products reach our customers and consumers. To achieve this, we collaborate with the commercial teams to develop the demand forecast, and with our suppliers around the world to ensure responsibly sourced materials.
What is PepsiCo supply chain?
The PepsiCo supply chain management system is a complex, multi-layered process that aims to ensure the company's customers have access to their products at all times. The system provides visibility into inventory levels and production numbers to prevent shortages or overproduction.
Zara's overarching strategy is achieving growth through diversification with vertical integrations. It adapts couture designs, manufactures, distributes, and retails clothes within two weeks of the original design first appearing on catwalks.25-Jun-2018
How does Costco supply chain work?
By handling goods in full pallet quantities only Costco is able to receive goods from their suppliers at their depots and cross dock them directly onto a truck destined for the store. When the goods are received at the store the full pallet is either moved onto pallet racking or put in place right on the floor.04-Jul-2022
What is an example of a responsive supply chain?