Implementation of Fishers Model in the Supply Chain...

Introduction Market globalization, intensifying competition and an increasing emphasis on customer orientation are regularly cited as catalyzing the surge in interest in supply chain management. Against this backdrop, effective supply chain management is treated as key to building a sustainable competitive edge through improved inter and intra-firm relationships (Seuring et al 2003). A range of benefits has been attributed to supply chain management, including reduced costs, increased market share and sales, and solid customer relations (Langabeer 2007). There is one paper which presents a major contribution to the field of supply chain management and this is Fisher’s What is the right supply chain for your product?†¦show more content†¦To battle this challenge, the company is using an accurate response model which is a good example of implementation of a responsive supply chain strategy. The model tells the company exactly how much of each style to make early in the production season. This approach has cut the costs of both overproduction and underproduction in half-enough to increase profits by 60%. Implementation of Fisher’s model, therefore, includes three basic steps. Determine the nature of your product, decide about your supply chain priorities, and as a last step, employ a matrix to formulate the ideal supply chain strategy. A critique of Fisher’s model As Seuring et al (2003) state, the Fisher’s paper has influenced the supply chain literature in a great extent. While reference is more often made to the supply chain dimension and the separation of responsive and efficient supply chain, the product related dimension also played an important role in the development of further concepts. This influence can be primarily seen by the number of subsequent papers that build upon it. These papers have analyzed Fisher’s model from the different angles and pointed out some weaknesses and limitation of this approach. A critique of the model as it appears in the presented assignment will be therefore built on three main approaches. The first one is an empirical test of the model which hasShow MoreRelatedSupply Chain for Competitive Advantage5791 Words   |  24 PagesCROCS: REVOLUTIONIZING AN INDUSTRY’S SUPPLY CHAIN FOR COMPETITIVE ADVANTAGE BHOOSHAN PARIKH CBS FTMBA 2008-09 OPERATIONS MANAGEMENT TERM PAPER 3/16/2009 Case Study This paper analyses and discusses the supply chain process of Crocs Inc. in a competitive and dynamic footwear industry. The paper critically evaluates the existing supply chain of the company against its current performance and changing market conditions and explains reasons for loss of competitive advantage of the companyRead MoreLearning from the Fashion Industry: a Structured Literature Review39302 Words   |  158 PagesCRANFIELD UNIVERSITY ELEFTHERIA DIMITRAKOU LEARNING FROM THE FASHION INDUSTRY: A STRUCTURED LITERATURE REVIEW CRANFIELD CENTRE FOR LOGISTICS SUPPLY CHAIN MANAGEMENT MSc THESIS CRANFIELD UNIVERSITY CRANFIELD SCHOOL OF MANAGEMENT CRANFIELD CENTRE FOR LOGISTICS SUPPLY CHAIN MANAGEMENT MSc THESIS Academic Year 2006-2007 ELEFTHERIA DIMITRAKOU Learning from the Fashion Industry: A Structured Literature Review Supervisor: Dr. Chris Morgan August 2007 This thesis isRead MoreHand Hygeine Research Papaer6466 Words   |  26 Pagesmost important means of preventing the risk of transmission of microorganisms from person to person or object to person or from one site on a patient to another (de Almeida et el. 2012). Breaking one of the triangles legs in communicable disease chain is the main purpose of hand washing and hand hygiene, and this is achieve by disrupting the connection between host and the agent or between agent and the environment. Hand washing and hand hygiene prevent spread of infection by interfering, removesRead MoreTeaching Notes Robert Grant - Strategy 4th Edition51665 Words   |  207 PagesFrozen Food Industry 109 1 CONTENTS 13 14 15 16 Euro Disney: From Dream to Nightmare, 1987–94 116 Richard Branson and the Virgin Group of Companies in 2002 125 General Electric: Life After Jack 131 AES Corporation: Rewriting the Rules of Management 139 2 Introduction This new edition of Cases in Contemporary Strategy Analysis has been developed to accompany the fourth edition of the textbook Contemporary Strategy Analysis. A key feature of the Casebook is its close integration withRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesis an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S.Read MoreGame Theory and Economic Analyst83847 Words   |  336 Pagesthe problem of the coordination of strategic choices between independent players in non-cooperative games cooperative games and their place within the literature of games incentive and the implementation of a collective decision in gametheoretic modeling team games and the implications for ï ¬ rms’ management. The nature of the subject and the angle from which it is examined will ensure that Game Theory and Economic Analysis reaches a wide readership. As an established scholar in the area of