The sections below list the key building blocks of the the of plan for the startup's supply
Question:
The sections below list the key building blocks of the the of plan for the startup's supply chain. The final plan should reflect the network between the startup and its supplier(s) that enables the production and distribution of a specific product. The plan should align with a supply chain system with key components including raw materials, supplier(s), manufacturer, distributor, retailer, (i.e., the steps it takes to get the product from its original state to the customer)
Below is the outline
Procurement Planning:
Procurement planning is essential for businesses to minimize their purchase costs while maintaining their quality and quantity of goods standards. A procurement plan is a process in which a company decides what they need, who will provide the products, and when orders will be fulfilled.Required sections for Procurement Plan include:
- Essential Goods or Services needed
- Supplier Selection
- Strategic Sourcing
- Purchasing and Bid Review Process
- Type of Contract
- Supplier Performance Evaluation
- Supplier Risk Management
- Demand Forecast
- Potential Options for Manufacturing (i.e., Plant location and Production System)
- Elements of Lean Systems
- Master Schedule for Production
- Managing for Quality
- Production Monitoring and Controlling
- Production Optimization Plan
Distribution Planning is a systematic approach to ensure that the process encompassing the delivery of goods to different distribution centers is done properly while keeping in mind which goods are to be supplied in what quantity at what location in the desired time. Required sections for Distribution Plan include:
- Distribution Goals and Objectives (i.e., Minimizing warehouse and transportations cost)
- Distribution Flowchart
- Order Fulfillment Plan
- Warehousing and Inventory Management
- Type of Inventory
- Inventory Cost
- Inventory Management Measures
- Transportation Modes and Logistics Outsourcing Plan
Accounting Information Systems
ISBN: 978-1133935940
10th edition
Authors: Ulric J. Gelinas, Richard B. Dull