The uncertain nature of the customer demand need to take into consideration by generating the production plan and in particular the production quantities, to meet uncertain customer demand in the best way possible and maximize the profit, by minimizing production costs. Aggregate planning is a process by which a company decides about their ideal levels of capacity, production, inventory, stock-out situations, pricing, subcontracting, etc. Production planning, is the correct placement of production orders concerning place, or region, of production, and time scheduling and sequencing of production orders. The parameters are usually production rate, workforce, overtime, machine capacity level, subcontracting, backlog, and inventory on hand. The amount of overtime production planned is a parameter for aggregate production planning. Production planning for fashion apparel products has to cope with demand uncertainties. Collaborative forecasts created by various enterprises are an important input in aggregate supply chain planning. However, at the time of generating the production plan, the predicted customer demands are largely uncertain.
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The post Covid-19 Supply Chains: A Brief Discussion |
The U.S.-China trade war and the Covid-19 crisis have prompted manufacturers worldwide to reassess their supply chains, focusing on increasing domestic production, boosting employment in their home countries, reducing dependence on risky sources, and rethinking lean inventories and just-in-time replenishment strategies. The pandemic has exposed vulnerabilities in production strategies and supply chains, leading to increased political and competitive pressures. Modern products often require specialized technological skills, and manufacturers often rely on suppliers and subcontractors who focus on specific areas. However, relying on a single supplier deep in their network increases disruption risks. To mitigate these risks, manufacturers should categorize suppliers as low-, medium-, or high-risk, using metrics like revenue impact, factory recovery time, and alternate sources.
About the Matarbari deep sea port: A Supply Chain Management perspective |
To ensure load unload of deep draft vessels the Matarbari port is essential for Bangladesh and adjacent countries and areas. The Matarbari deep sea port has a 16m depth that will help 16m draft vessels to unload their cargo at the terminal. At deep sea, currently mother vessels unload the cargo at feeder vessel and they carry the cargo to the Chittagong port. The present seaports (Chattogram sea port and Mongla sea port) of the country do not have the capacity to handle huge containers and vessels and the building of a deep sea port is the only solution. Chittagong port can’t load unload from more than 9.5 meter vessels.
How to explain the rise of ecommerce challenges and opportunities for supply chain management?
The rise of e-commerce has brought significant changes to the global economy, altering industries and consumer behavior. However, it has also presented challenges and opportunities for supply chain management. E-commerce has led to an increase in demand for quick order fulfillment, requiring more sophisticated logistics networks and faster delivery services. Inventory management has become more complex, with the need for real-time visibility and accurate demand forecasting to prevent stockouts and overstocking. Achieving transparency across the supply chain is crucial for accurate and on-time order fulfillment, while managing returns efficiently is important for customer satisfaction and cost control. Integrating supply chain management with e-commerce platforms allows companies to provide a seamless shopping experience with real-time tracking information and multiple delivery options. An agile and responsive supply chain enables companies to adapt quickly to changes in customer demand and external disruptions, ensuring high levels of customer satisfaction and loyalty. By adopting automation and digital technologies, companies can lower costs, increase efficiency, and gain a competitive edge in the fast-paced e-commerce environment. So, there are Ecommerce challenges and opportunities for supply chain management.
Supply Chain Management Career: A Discussion in general
In a case study, based on USA-based companies, first-level management is of about 0-4 years.To understand the supply chain management career we can remind ourselves about the example of leaf cutter ants.But Supply Chain Managers attempt and optimize the steps to produce the necessary amount of product and deliver the product to the end user at the right time when consumers need it.APICS, Founded in 1957 as American Production and Inventory Control Society and re-branded as The Association for Supply Chain Management in 2018, launched their CSCP (Certified Supply Chain Professional) programme in 2006. Institute for Supply Management, Founded in 1915 as the National Association of Purchasing Agents, launched its CPSM Certified Professional in Supply Management programme in 2008. Council of Supply Chain Management Professionals, Founded in 1963 as the Council of Logistics Management, launched their SCPro programme in 2011.For Supply Chain Management roles, “Process Engineer”, and “Supply Chain Analyst”.For Supply Chain Systems Manager roles, “ Supply Chain Manager”, Vice President, Supply Chain Management”.For Sales and Customer Service roles, “Account Specialist”/ “Customer Service”, “Customer Service Manager”, “Account Manager/Supply Chain Sales” etc.
What is the Role of Inventory in Supply Chain Management?
Abstract In Supply Chain Management (SCM), efficient inventory management is the result of a combination of interdependent procedures that work together to promote robustness and efficiency. Making wise decisions is necessary for inventory optimization in order to preserve equilibrium, reduce carrying costs, and avoid stockouts. Warehouse management uses sophisticated warehouse management systems and tools like SAP MM to guarantee […]
What is a Supply Chain Management Job and Career?
Abstract In a case study, based on US-based companies, first-level management is of about 0-4 years. To understand the supply chain management job and career we can remind ourselves about the example of leaf cutter ants. APICS, founded in 1957 as American Production and Inventory Control Society and re-branded as The Association for Supply Chain Management in 2018, launched their […]
