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Final exam supply chain management quizlet
What is supply chain management....
Final exam supply chain management quizlet
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1.1. Definition of Reverse Logistics:
Supply Chain Management (SCM), in general context, is defined as the management of the flow of goods and services from point of origin to point of consumption. Reverse Logistics (RL), on the contrary, is the flow of products, services & information in the opposite direction from the consumption end to the origin. In this concept, the explanation of the means and ends is reversed, with the consumer or distributor being the origin and the manufacturer being the end. Reverse logistical actions, though started taking place since the 1860s, its definition was first given by James R. Stock of the Council of Logistics Management in 1992.
The reverse logistical action was first commercially recognised in the
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Popularly known as “Chicago Tylenol murders”, this incident was termed as a mass murder by a number of sources. A total of 7 deaths were reported during the scare, followed by certain many more people dying due to similar incidents. People were reported dead after consuming Tylenol-branded acetaminophen capsules, laced with potassium cyanide. The measures taken by Johnson & Johnson to reduce the deaths and increase awareness was highly appreciated during the incident.
• Recall
Product recall plays an important role in reverse logistics. Recall of products take place due to some defects that might endanger the customer or because of some safety issues that will put the manufacturer in a risk of legal action. When such an incident occurs, the manufacturer has to act immediately and effectively since this can harm the brand of company and can lead to adverse effects, upon consumption. The recalled commodities need to be refurbished or recycled, which is a different part of Reverse
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Proper software to understand the traceability and cost variables to determine whether to replace or repair ii. Quality standard of the food material iii. Less wastage of food from both customer and producer side iv. Analysing and understanding in which part of the manufacturing section the update in food has to be done in order to reduce cost factor by not running the production from the beginning.
• Review
Review is the process that entirely lies under the hands of the customers and the distribution channel. The review from retailers can give the estimate about the sales details, the variables affecting the selection capability of customers and the amount of inventory to be kept in specific stores in order to avoid the piling up of stock.
Review from the customers, which is the most important link to listen directly to the end consumer, can be about the complaints they face on the product or service and how fast their complaints are being rectified. From their review they can understand how customer mind set works in being loyal to a particular brand. Review can also point out the defected products that reached the customer and thereby, which method helps in replacing them with good products.
The major factors affecting review aspect of reverse Logistics
In October of 1982, Tylenol, the leading pain-killer in the United States at the time faced a crisis. Seven people in Chicago were reported dead after taking Tylenol. 12-year-old Mary Kellerdman of Elk Grove Village, Illinois, Adam Janus of Arlington Heights, Illinois, his brother Stanley Janus, and his wife Theresa Janus, Mary Reiner of Winfield, Paula Price, and Mary McFarland of Elmhurst Illinois was the last victim of the cyanide-laced Tylenol capsules. This happened bﴱᄃecause there was Extra-Strength Tylenol capsules that had been distributed and tampered with. The capsules contained 65 milligrams of cyanide. The amount necessary to kill a human is five to seven micrograms, which means that the person used 10,000 times more poison that what was needed.. The tampering had occurred when the products reached the shelves. The connection between the deaths and the Tylenol was discovered within days by two off-duty firemen who were listing to their police radios. Phillip Cappitelli and Richard Keyworth were the men to make the connection and tell there superiors.
Acetaminophen (Tylenol) is an analgesic medication. Its overdose occurs when someone accidently or intentionally takes more than the normal or recommended amount of this medication. Acetaminophen overdose is one of the common poisonings worldwide. If this poisoning occurs, need to call local emergency number (911) or poison control center.
Although cyanide-laced Tylenol deaths are still a mystery to this day, this mass murder has been uncertain for over two decades. The 29th of September in 1982, seven Chicago locals died after taking Extra-Strength Tylenol (“Cyanide-Laced Tylenol Kills Seven”). Astonishingly, all of the deaths were reported in “24 hours”
Scott and Westbrook (1991) and New and Payne (1995) describe supply chain management as the chain linking each element of the manufacturing and supply process from raw materials through to the end user, encompassing several organizational boundaries.
In the fall of 1982, customers consuming Tylenol tablets, mainly in the Chicago, Illinois area, mysteriously began to die. For unknown reasons, someone replaced the Tylenol capsules with cyanide-laced capsules. The packages were resealed and were then dropped onto the shelves of pharmacies throughout Chicago. As a result, seven people
During the 1900's, the McNeil company developed and established Tylenol into a well known and recommended analgesic. It has become recognized world wide as a safe brand of acetaminophen. The name Tylenol has become identified as a trusted, safe drug that people can easily purchase over the counter for their ailments. Tylenol is still recommended by doctors even though there was a cyanide scare in the history of the company. It has been discovered by my independent survey that consumers use Tylenol for their pet's needs also.
Consumer-generated reviews on the company’s website informs potential consumers about the product. Reviews give potential consumers information about how the brand is perceived and the level of quality of the product. Consumer-generated reviews work like word-of-mouth endorsements. Word-of-mouth endorsements always have more impact than claims of the company.
A supply chain is a system through which organizations deliver their products and services to their customers. The network begins with the basic ingredients to start the chain of supply, which are the suppliers that supply raw materials, ingredients, and so on. From there, it will transfer the supplies to the manufacturer who builds, assembles, converts, or furnishes a product. The chain now needs to get the product to the consumer by transporting the finished product from the manufacturer through a warehouse or distribution center. An example is that Wal-Mart has a nearby distribution center where products are delivered there and then split up to be delivered to a retail Wal-Mart. “Wal-Mart will take responsibility for breaking down larger loads and delivering the product to other Wal-Mart stores” (Ehring 1).
‘Supply chain management integrates supply and demand management within and across companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thir- party service providers, and customers’. (Web: Council for Supply Chain Management Pr...
Logistics exists to satisfy customer requirements by facilitating relevant manufacturing and marketing operation. The main responsibility of logistic is the geographical positioning of raw materials, work in process and finished inventories at the lowest possible cost.
Without customers continuing to purchase products from any company, there will not be any profit. For consumer needs, good communication habits are required so that his or her satisfaction is always priority. By consistently keeping an open means of communication with purchasers, there will be continued knowledge of how to keep them satisfied. Word of mouth can make or break a company (Richins, 2009). When consumers receive negative feedback about a product by someone they trust in their personal life, they are very likely to avoid purchasing that product.
This sector or reverse logistics has proven to be quite difficult for companies to adapt to. Although it is the most obvious way to go green, it can be challenging for certain companies. This can be due to forecasting field failures, and certain companies’ ongoing need for certain parts. Some companies hand...
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Consumer behavior does not stop at buying and using a product. There is also post product evaluation which is our thoughts of the product weather we are satisfied or not and if the product is what we expected, are the reviews of the product meeting our standards. This post evaluation affects weather we ever consume the product again. Even a customer loyal to a brand can have a negative post evaluation. This result of satisfaction or dissatisfaction lies upon our fulfillment needs.
In manufacturing process there are different steps and jobs needs to be done in specific ways and time such as sourcing the parts we need in the production, make the items, and shipping it for the customers.