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  • NC State’s Supply Chain Resource Cooperative Educates in the Real World - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    s Supply Chain Resource Cooperative Educates in the Real World NC State s Supply Chain Resource Cooperative Educates in the Real World Published on Dec 15 2011 by Robert B Handfield Steven A Edwards Jeffrey S Stonebraker North Carolina State University s Supply Chain Resource Cooperative SCRC is a unique university industry initiative that provides MBA and undergraduate students with opportunities to apply supply chain SC theory and concepts to field based projects over a semester We integrate field based student course projects with real problems that companies are facing The projects are led by SCRC directors faculty at the Poole College of Management and SC managers that financially support the SCRC The SCRC focuses on improving the caliber of students entering the SC management profession It accomplishes this by bringing the classroom into indus try and involving students in finding viable solutions to real business problems thus facilitating interactions between students and companies Since 2000 1 251 students have completed 331 projects with 39 companies The SCRC is a self funded small business that is supported by donor companies Its organizational structure enables us to develop and maintain long term relationships with donor companies which are critical for a successful student based outreach initiative with industry In this paper we describe the SCRC s evolution and benefits and provide insights that may help other institutions interested in establishing similar organizations Download the Full Article Download NC State s Supply Chain Resource Cooperative Educates in the Real World PDF Categories SCM Research SCM Resources Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog

    Original URL path: https://scm.ncsu.edu/scm-articles/article/nc-states-supply-chain-resource-cooperative-educates-in-the-real-world (2016-04-30)
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  • The Supply Chain IT Investment Enigma: Companies are Rethinking IT Investments - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    be required in different parts of the business based on customer or supply chain requirements It s time for people to start thinking about these investments from a different perspective Sustaining Current Capabilities vs Developing New Capabilities When you think of overhead most people think of services provided at the corporate level absorbed by the entire organization For IT spending a better paradigm is that some IT outlay is clearly for infrastructural requirements that every organization needs to have in place This segment of IT is undergoing a squeeze as a standard line item as companies are deferring upgrades and maintenance of that infrastructural utility and looking for any investment opportunity to show some improved business capability Some companies have taken money out of infrastructure and maintenance and reallocated it to projects aimed at new capability So the whole issue of IT as a required capability as opposed to a differentiating capability is under attack Companies Want IT to Bring Optimization Value We re also seeing that just because companies recognize that IT can provide capability with a solid business case doesn t mean that funding will be forthcoming Since most organizations have a cap on what they can spend on IT and investment must be freed up by running the utility more efficiently the discussion revolves around optimization But some companies are looking ahead For example HP had some specific goals in place looking out five years 50 percent of which concerned infrastructural capability and utility the rest focused on new capability The company has made a point of redistributing that budget in the next two years to infrastructural well established projects such as data center consolidation In addition the Hackett Group has produced a number of white papers advocating a portfolio view of the IT investment In the last five years IT investment has definitely taken a hit While infrastructural maintenance is not something companies can skimp on many have cut back on upgrades and investment which was strongly felt in the supply side of the market and by technology buyers But at the same time discretionary budgets were also cut for capability development Many companies changed allocation between the two and as a result both budgets were hit The Position of Analytics in IT Investment For companies that are investing in new capabilities this year one of the biggest emphases has been on analytics Analytics is the single area of IT that continued to flourish in the downturn Because companies have invested so much in automating transactions they suddenly have massive databanks that they recognize as valuable including data on their supply chains As Pierre Mitchell of the Hackett Group discussed at our last SCRC event one of the reasons analytics is big is that master data management approaches have been developed that allow the construction of data warehouses with multiple forms of data Given the complexity of the operation and the physical fragmentation of operational and transaction data in the different sites data warehouses allow companies

    Original URL path: https://scm.ncsu.edu/scm-articles/article/the-supply-chain-it-investment-enigma-companies-are-rethinking-it-investmen (2016-04-30)
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  • SCM Basics Articles - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Posted 04 20 2011 The concept of business process management BPM for short has been around for a number of years now but just what does it entail What are the major activities and Categories SCM Features Hot Topics SCM Resources SCM Basics Why Do You Need To Know About Supply Chain Management SCM By Robert Handfield Ph D Posted 01 11 2011 Supply chain management is as much a philosophical approach as it is a body of tools and techniques and typically requires a great deal of interaction and trust between companies Categories SCM Resources SCM Basics What Do You Need to Know about Supply Chain Management SCM By Robert Handfield Ph D Posted 01 11 2011 The first thing one needs to understand is that SCM doesn t replace what we ve learned about management over the last 50 years it builds upon it The analogy that a Categories SCM Resources SCM Basics How Do You Do Supply Chain Management SCM By Robert Handfield Ph D Posted 01 11 2011 A firm s SCM efforts start with the development and execution of a long term supply chain strategy Among other things this strategy should Identify what supply chains the firm wants to Categories SCM Resources SCM Basics What is Supply Chain Management By Robert Handfield Ph D Posted 01 11 2011 What is Supply Chain Management The concept of Supply Chain Management is based on two core ideas The first is that practically every product that reaches an end user represents Categories SCM Resources SCM Basics SCM Supply Chain Management Definitions Terms Supply Chain View from the Field Blog Robert Handfield Supply Chain Management Articles Library Supply Chain Executive Training Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer

    Original URL path: https://scm.ncsu.edu/scm-articles/all-articles/category/scm-basics (2016-04-30)
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  • CPFR Articles - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    generic model DC replenishment collaboration http www vics org standards DC Replenishment Collaboration Business Process Guide Final pdf Retail event collaboration http www vics org standards Retail Event Collaboration Business Process Guide pdf Categories SCM Tutorials CPFR CPFR Model 1 Strategy and Planning Collaborative Planning Forecasting and Replenishment CPFR By Cecil Bozarth PhD Posted 01 31 2011 CPFR Model 1 Strategy and Planning What Does CPFR Strategy and Planning Involve Collaboration Arrangement Steps Collaboration Arrangement Output Joint Business Plan Steps Joint Business Plan Output What Does CPFR Categories SCM Tutorials CPFR Organizational Implications Collaborative Planning Forecasting and Replenishment CPFR A Tutorial By Cecil Bozarth Ph D Posted 01 31 2011 Organizational Implications Conventional Organizational Roles New Organizational Roles under CPFR Category Management Category Management 5 Components 1 Pricing 2 New Product Launch 3 Category Dynamics 4 Competitive Cross Category Analysis Categories SCM Tutorials CPFR CPFR Model 4 Analysis Performance Assessment and Collaboration Collaborative Planning Forecasting By Cecil Bozarth Ph D Posted 01 31 2011 CPFR Model 4 Analysis Performance Assessment and Collaboration Performance Assessment Overview Resolving the Exceptions May Require a Negotiation How Collaboration Is Built into the Model CPFR Collaborative Roles Performance Categories SCM Tutorials CPFR CPFR Model 4 Analysis Exception Management Collaborative Planning Forecasting and Replenishment By Cecil Bozarth Ph D Posted 01 31 2011 CPFR Model 4 Analysis Exception Management CPFR Analysis Exception Management Overview Identify forecast exceptions Identify the exceptions Resolve the exceptions Exception Management Output CPFR Analysis VICS CPFR Mode Monitor Categories SCM Tutorials CPFR Summary Collaborative Planning Forecasting and Replenishment CPFR A Tutorial By Cecil Bozarth Ph D Posted 01 31 2011 Summary CPFR has its roots in Efficient Consumer Response ECR but goes further by formalizing the planning sales and order forecasting and exception handling activities The CPFR process model consists Categories SCM

    Original URL path: https://scm.ncsu.edu/scm-articles/all-articles/category/cpfr (2016-04-30)
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  • Inventory Management Articles - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Supply Chain SCM Tutorials Inventory Management REORDER POINT FORMULA Inventory Management Models A Tutorial By Cecil Bozarth Ph D Posted 01 30 2011 REORDER POINT FORMULA The reorder point formula allows us to determine the safety stock SS needed to achieve a certain cycle service level In general the longer the lead times Categories SCM Topics Inventory Management Supply Chain SCM Tutorials Inventory Management SAFETY STOCK ANALYSIS Inventory Management Models A Tutorial By Cecil Bozarth PhD Posted 01 28 2011 SAFETY STOCK ANALYSIS EOQ tells us HOW MUCH to order but WHEN should we order Safety Stock What Happens when either Demand or Lead Time Varies What is the Chance of Categories SCM Topics Inventory Management Supply Chain SCM Tutorials Inventory Management PERPETUAL SYSTEM Inventory Management Models A Tutorial By Cecil Bozarth PhD Posted 01 28 2011 PERPETUAL SYSTEM The two classic systems for managing independent demand inventory are periodic review and perpetual review systems This section focuses on the Perpetual System What is a Perpetual System Categories SCM Topics Inventory Management Supply Chain SCM Tutorials Inventory Management ECONOMIC ORDER QUANTITY EOQ MODEL Inventory Management Models A Tutorial By Cecil Bozarth Ph D Posted 01 28 2011 ECONOMIC ORDER QUANTITY EOQ MODEL The economic order quantity EOQ is the order quantity that minimizes total holding and ordering costs for the year Even if all the assumptions don t Categories SCM Topics Inventory Management Supply Chain SCM Tutorials Inventory Management FUNCTIONS AND DRIVERS OF INVENTORY Inventory Management Models A Tutorial By Cecil Bozarth PhD Posted 01 28 2011 FUNCTIONS AND DRIVERS OF INVENTORY Inventory serves a useful purpose in the supply chain That said firms can help minimize the need for inventory by carefully managing those factors that Categories SCM Topics Inventory Management Supply Chain SCM Tutorials Inventory Management PERIODIC REVIEW

    Original URL path: https://scm.ncsu.edu/scm-articles/all-articles/category/inventory-management (2016-04-30)
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  • SUMMARY: Inventory Management Models : A Tutorial - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Tutorial Published on Feb 02 2011 by Cecil Bozarth PhD North Carolina State University SUMMARY Inventory serves a useful purpose in the supply chain That said firms can help minimize the need for inventory by carefully managing those factors that drive inventory levels up Inventory items can be divided into two main types Independent demand and dependent demand items The systems for managing these two types if inventory differ significantly The two classic systems for managing independent demand inventory are periodic review and perpetual review systems The economic order quantity EOQ is the order quantity that minimizes total holding and ordering costs for the year Even if all the assumptions don t hold exactly the EOQ gives us a good indication of whether or not current order quantities are reasonable The reorder point formula allows us to determine the safety stock SS needed to achieve a certain cycle service level In general the longer the lead times are and the greater the variability of demand and lead times the more SS we will need Categories SCM Topics Inventory Management Supply Chain SCM Tutorials Inventory Management Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Related Articles Introduction Inventory Management Models A Tutorial INDEPENDENT VS DEPENDENT DEMAND INVENTORY SYSTEMS An EXAMPLE Inventory Management Models Tutorial REORDER POINT FORMULA Inventory Management Models A Tutorial SAFETY STOCK ANALYSIS Inventory Management Models A Tutorial PERPETUAL SYSTEM Inventory Management Models A Tutorial ECONOMIC ORDER QUANTITY EOQ MODEL Inventory Management Models A Tutorial PERIODIC REVIEW SYSTEM Inventory Management Models A Tutorial FUNCTIONS AND DRIVERS OF INVENTORY Inventory Management Models A Tutorial REFERENCES Inventory Management Models A Tutorial Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics

    Original URL path: https://scm.ncsu.edu/scm-articles/article/summary-inventory-management-models-a-tutorial (2016-04-30)
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  • References: Collaborative Planning, Forecasting and Replenishment (CPFR): A Tutorial - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library References Collaborative Planning Forecasting and Replenishment CPFR A Tutorial References Collaborative Planning Forecasting and Replenishment CPFR A Tutorial Published on Jan 31 2011 by Cecil Bozarth Ph D Professor of Operations Supply Chain Management References CPFR Overview http www vics org committees cpfr CPFR Overview US A4 pdf VICS has also put together two business process guides of direct interest to GSK that build upon the generic model DC replenishment collaboration http www vics org standards DC Replenishment Collaboration Business Process Guide Final pdf Retail event collaboration http www vics org standards Retail Event Collaboration Business Process Guide pdf Categories SCM Tutorials CPFR Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Related Articles Introduction Collaborative Planning Forecasting and Replenishment CPFR A Tutorial CPFR Model Collaborative Planning Forecasting and Replenishment CPFR A Tutorial CPFR Model 1 Strategy and Planning Collaborative Planning Forecasting and Replenishment CPFR CPFR Model 2 Demand Supply Management Collaborative Planning Forecasting Replenishment CPFR Model 3 Execution Collaborative Planning Forecasting and Replenishment CPFR A Tutorial CPFR Model 4 Analysis Exception Management Collaborative Planning Forecasting Replenishment CPFR Model 4 Analysis Performance Assessment and Collaboration Collaborative Planning Forecas Organizational Implications Collaborative Planning Forecasting and Replenishment CPFR A Tutoria Summary Collaborative Planning Forecasting and Replenishment CPFR A Tutorial Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics

    Original URL path: https://scm.ncsu.edu/scm-articles/article/references-collaborative-planning-forecasting-and-replenishment-cpfr-a-tuto (2016-04-30)
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  • CPFR Model:  4. Analysis - Performance Assessment and Collaboration: Collaborative Planning, Forecas - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Model CPFR Collaborative Roles Performance Assessment Overview VICS CPFR Model Performance assessment is essential to any understanding of collaboration benefits The specific measures can vary from one situation to the next but generally fall into two categories Operational measures fill rates service levels forecast accuracy lead times inventory turns etc Financial measures Costs item and category profitability etc In reality partners are often reluctant to share financial measures and estimates of profitability can vary widely depending on how one defines and assigns costs Resolving the Exceptions May Require a Negotiation Determine if negotiation is required Not all instances of resolving exceptions require detailed negotiations with parties Remember negotiation is a time consuming process Discussion Question When should exception negotiation occur In what circumstances Discussion Question What areas or issues besides price and delivery date may require negotiation between the participants Negotiation will be covered in depth in module 4 How Collaboration Is Built into the Model VICS CPFR Model Each collaboration task has corresponding enterprise tasks Most retailers and manufacturers are already doing these tasks CPFR provides a framework for coordinating these efforts CPFR Collaborative Roles CPFR is always superimposed on an existing demand planning and replenishment process Compatible with either VMI or conventional ordering processes Categories SCM Tutorials CPFR Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Related Articles Introduction Collaborative Planning Forecasting and Replenishment CPFR A Tutorial CPFR Model Collaborative Planning Forecasting and Replenishment CPFR A Tutorial Organizational Implications Collaborative Planning Forecasting and Replenishment CPFR A Tutoria CPFR Model 1 Strategy and Planning Collaborative Planning Forecasting and Replenishment CPFR CPFR Model 2 Demand Supply Management Collaborative Planning Forecasting Replenishment CPFR Model 3 Execution Collaborative Planning Forecasting and Replenishment CPFR A Tutorial CPFR

    Original URL path: https://scm.ncsu.edu/scm-articles/article/cpfr-model-4.-analysis-performance-assessment-and-collaboration-collaborati (2016-04-30)
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