Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access Anticipatory Logistics on Supply Chain Management Essay Sample Getting the right product to the right place in the right quantity at the right time, in the best condition and at an acceptable cost is the challenge of logistics. With all this said I do believe that the corporate world can benefit from anticipatory logistics.
The human toll was devastating and the rebuilding task a monumental challenge.
Later, for Toyota, it became evident how dramatic and far reaching this natural disaster was for its global business. The company had recently attained the position of best-selling automaker worldwide, in part because of its tightly managed supply chain.
Over the course of many years, it had taken the slack out of its operations, using just-in-time delivery of parts to keep inventories to a minimum. But having pruned its supplier base severely, in some cases to single suppliers of certain parts, it now found itself more vulnerable than it imagined.
The disabling of a few parts makers in Japan meant that assembly lines ground to a halt as far away as China and North America.
Globally, March production dropped by It took six months for suppliers to get back to delivering products in required volumes. Stung by the experience, Toyota set out to revamp its supply chain in such a way that the time required to recover from large-scale disruption would be reduced to at most two weeks.
Management embarked on an initiative to expose vulnerabilities and rank them in terms of likelihood and potential impact.
The company worked with more than suppliers to create greater visibility throughout a multi-tier supply network and to either spread production across multiple locations or maintain larger inventory buffers.
Most strikingly, the automaker decided to reengineer many of its 4,—5, vehicle components so that across different models, common parts could be used. The point was to raise the order volumes of those parts to the point that suppliers could justify building additional manufacturing facilities, providing a hedge in case one went offline.
Put the changes together, and Toyota now has a more forward-looking, adaptive and effective supply chain. In all kinds of product businesses, supply chains that were first formed accidentally, then optimized for efficiency, are now being reworked with an important goal: Learning to Count on the Unexpected Increasingly, supply chains are being designed and built to anticipate disruptions and reconfigure themselves appropriately to mitigate their impacts.
Certainly, advances in information and communications technology are making it more possible. At the same time, a volatile business environment is making it more necessary.
More than anything, the trend reflects a growing belief that operations management in the past has overemphasized certain themes.
A decades-long focus on optimization, seeking ever-lower costs, has resulted in supply chains that are too lean and too brittle. Even the more recent emphasis on resilience, while important, casts companies in too much of a reactive mode.
Supply Chain Management and Anticipatory Logistics Words | 5 Pages Supply chain management (SCM) is one of the most important factors in . The relationship between logistics and supply chain management is the flow of products, services, information and funds between supply chain stages in which organizations plan, implement and control flows in order to effectively and efficiently fulfill customer requirements (Christopher , p. 2). comment: I am a Ph.D. student in public health and am contacting you concerning research on your risk communications principles. I am responding to your interest in having more research done on your risk communication principles as you mentioned in the guestbook post by Knut Tønsberg.. I also work with a public health agency in Michigan, specializing in pandemic influenza risk communication.
Fast-forward to today, and leading global corporations are building supply networks not just to withstand but to expect shocks. They know that in order to succeed in the next wave of globalization, it is important to embrace this new era of operations management—the anticipatory supply chain.
Creating an Anticipatory Supply Chain For many organizations, the implication is very clear: Competing successfully will likely depend on keeping pace with this trend. The details of how to create an anticipatory supply chain will vary from sector to sector and even company to company.
However, a few principles will apply in general. Regionalization As multinational corporations embark on a new wave of globalization, it is interesting to see that the drive to make supply chains more nimble and adaptive is leading to greater regionalization.
In the new wave of globalization, the simple trade flows familiar to most managers—that is, low-cost producers in the East supplying products to rich consumers in the West—are giving way to far more complex patterns.
In parts of the world that have been centers for low-cost manufacturing, new wealth has been created and consumption is rising rapidly. The trend is most evident in Asia, where powerful productive capacity now sits alongside growing market demand.
Corporations spotting revenue growth opportunities in these markets are scrambling to adapt supply arrangements. In general, they are redesigning supply networks to be able to match demand and supply within the same region.
Even in markets not known for low-cost inputs to production, companies are reweighing the costs and benefits of more localized supply networks.By Dr.
James Canton CEO & Chairman Institute for Global Futures Copyright Overview This summary is from an ongoing research report and advisory service provided.
Anticipatory logistics is part of the supply chain management which is how things get from the manufacturer to the customer, but it also is the raw materials that are needed in . Anticipatory logistics, a supply chain’s perfect crystal ball A large part of every supply chain’s resources is not used to its full capacity but still kept available, for example as reserve capacity for peak situations or as buffer stock for potential demand.
Supply Chain Management and Anticipatory Logistics Words Nov 7th, 5 Pages Supply chain management (SCM) is one of the most important factors in . That is why there is a new supply chain model called “Anticipatory Logistics”, which is an improved method of predicting logistics materiel requirements, has been developed.
Since the industrial revolution, the dominant business model has required anticipation of what customers will demand in the future.
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