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Chapter 4: 10OQ (page 441)

Question: What supply chain metric measures how many complete orders were filled and shipped on time?

Short Answer

Expert verified

Answer

Perfect order fulfillment is a supply chain metric that measures how many complete orders were filled and shipped on time.

Step by step solution

01

Supply Chain Metric

Step 1: Supply Chain Metric

Measurements or metrics used to trackSupply Chain performance include Inventory Turns, Cycle Time, DPMO, and Fill Rate. Metrics, which are commonly used in Supply Chain Management, may help you understand how your firm is performing over time. Procurement, production, distribution, warehousing, inventory, transportation, and customer service are just a few of the aspects that may be measured in the supply chain.

A strong performance is one section of the Supply Chain, however, is insufficient. Only as powerful as its weakest link in your supply chain. The idea is to concentrate on the most important indicators in each area.

02

Measures of Supply chain metric

Step 2: Measures of Supply chain metric

  1. Tracking your metrics helps you to see how your Supply Chain is doing overtime and guides how to improve it. It enables management to spot potential issues. It also enables industry benchmarking and comparisons with other businesses.
  1. Some indicators, such as Inventory Turns, have a well-defined meaning. Backorders, for example, may need to be tailored to your specific sector or logistics business strategy.
  1. Measuring things isn't going to solve your problems! The answer can be found in the remedial steps you take to enhance the metric. Process or system enhancements provide the answer. The measures should be used to keep track of the progress you've made.
  1. There should be ametric for measuring supply chain performance.

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Most popular questions from this chapter

Define yield management. How does it differ from the pure strategies in production planning?

The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is \(10. There is a carrying cost of \)0.01 per unit per week. The beginning inventory is 90 units.

Use the least total cost or the least unit cost lot-sizing method to determine when and for what quantity the first order should be released.

Lakeside Bakery bakes fresh pies every morning. The daily demand for its apple pies is a random variable with (discrete) distribution, based on experience, given by:

Demand

5

10

15

20

25

30

Probability

10%

20%

25%

25%

15%

5%


Each apple pie costs the bakery \(6.75 to make and is sold for \)17.99. Unsold apple pies at the end of the day are purchased by a nearby soup kitchen for 99 cents each. Assume no goodwill cost.

a. If the company decided to bake 15 apple pies each day, what would be its expected profit?

b. Based on the demand distribution above, how many apple pies should the company bake each day to maximize its expected profit?

You are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the day鈥檚 paper for \(0.25 a copy. You sell a copy of the San Pedro Times for \)1.00. Daily demand is distributed normally with mean=250 and standard deviation =50. At the end of each morning, any leftover copies are worthless and they go to a recycle bin.

a. How many copies of the San Pedro Times should you buy each morning

Question: In the following MRP planning schedule for Item J, indicate the correct net requirements, planned order receipts, and planned order releases to meet the gross requirements. Lead time is one week.

Week Number

Item J012345
Gross Requirement

75
5070
On-hand40




Net Requirement





Planned order receipt





Planned order release
See all solutions

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