Professional Documents
Culture Documents
Group 1G:
Akash Sangwan (2016PGP005)
Alok Kumar Singh (2016PGP008)
Md Bilal Shakir (2016PGP033)
Sayantan Sarkar (2016PGP050)
Tarun Arora (2016PGP054)
Vineela Yegireddi (2016PGP059)
Two key issues for the success of the supply chain are highlighted in the
article. First is co-ordination and collaboration and second is the value of
information sharing. Co-ordination and collaboration refers to the entire
supply chain working as a single entity. It helps in seeing the bigger
picture and focussing more on the goals of the whole entity instead of
seeking individual benefits. Information sharing includes recognizing the
data and using it to the fullest. It helps in capacity planning, production
schedules, promotion plans, demand forecast etc. But it requires deep
trust as the information shared could also be misused to harm the
company.
Similarly, from the supply side also there are two types of uncertainty.
First is the stable supply in which manufacturing process and underlying
technology is mature, while 2nd is the evolving supply in which the process
as well as the technology is under development and constantly changing.