Supply Chain Science / Edition 1

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Overview

Supply Chain Science describes the collection of people, resources, and activities involved in bringing materials and information together to produce and deliver goods and services to customers. Through illustrations and analogies to everyday life, the text presents the key concepts that underlie the behavior of operations systems in a largely non-mathematical way. The goal of SCS is to provide a concise framework for understanding how complex production and supply chain systems behave, and therefore enable managers/students to have a stronger basis for management decision making. The range of problems faced by managers dealing with supply chains is almost infinite, which is why a scientific approach is needed. Many published volumes provide detailed explanations on how to solve problems in supply chain management, but they can provide answers for only a limited set of situations. Hopp’s Supply Chain Science explains why systems behave as they do, providing the tools and insights to deal effectively with almost any scenario.

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Product Details

Table of Contents

Strategic Foundations     1
Starting with Strategy     1
Setting Our Goals     4
Defining Our Terms     5
Structuring Our Study     7
Questions for Thought     9
Station Science
Capacity     12
Introduction     12
Measuring Capacity     13
Limits on Capacity     15
Impact of Utilization     17
Questions for Thought     21
Variability     22
Introduction     22
Little's Law     22
Measuring Variability     25
Influence of Variability     30
Questions for Thought     37
Batching     38
Introduction     38
Simultaneous Batching     39
Sequential Batching     42
Multiproduct Batching     47
Questions for Thought     53
Line Science
Flows     56
Introduction     56
Characterizing Flows     57
Best-Case Performance     58
Worst-Case Performance     62
Practical Worst-Case Performance     65
Internal Benchmarking     67
VariabilityPropagation     69
Improving Performance of Process Flows     73
Questions for Thought     78
Buffering     80
Introduction     80
Buffering Fundamentals     80
The Role of Strategy     82
Buffer Flexibility     84
Buffer Location     86
The Science of Lean Production     89
Questions for Thought     93
Push/Pull     95
Introduction     95
What Is Pull?     96
Examples of Pull Systems     98
The Magic of Pull     99
Comparisons of Push and Pull     102
Pull Implementation     106
Questions for Thought     111
Network Science
Inventory     114
Introduction     114
Classification     117
Cycle Stock     119
Safety Stock     122
Periodic Review Systems     127
Continuous Review Systems     132
Multi-Item Systems     137
Questions for Thought     143
Risk     145
Introduction     145
Pooling     148
Contingency Planning      162
Crisis Management     166
Questions for Thought     177
Coordination     179
Introduction     179
Hierarchical Inventory Management     182
The Inventory/Order Interface     187
The Bullwhip Effect     191
Supply Chain Contracts     195
Information Management     201
Restructuring Supply Chains     212
Questions for Thought     215
Summary of Notation     218
Supply Chain Science Principles     220
References     223
Index     226
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