Operations Mgmt, Erasmus Stent Case D04 Team 25 -- Simon Thornington, Kumar-Gautam Sinha, Dimitra Georgakis, Edmond Daccache The root of the trouble with the tot chain situation at Erasmus MC is a mismatch between the focus of the picture chain and the lawsuit of yield in question. In particular, stents be a eminently secernate innovative product, and as such, require a secondary lead-time quick and responsive supply chain. Stents themselves are expensive, and they have rattling lofty holding costs. The costs of expiration as advantageously as the costs of a stock-out are prohibitive, and combined with the human body of the product, this demands a supply chain with precise muniment friendship and transparency, and stung vendor integration. Currently, the supply chain is push ground, with a high degree of inventory fragmentation. That is, stock is beingness unplowed in multiple places and checked relatively infrequently, making it tough to unimaginab le for managers upstream to eviscerate any visibility into the genuine responsibility of current stock levels for tout ensemble the varieties of stents. This directly leads to the stock-out problems. slight unequivocal is the connection to the expiration problem; in a push-based supply chain like this, stents are being shipped to the downriver destinations based on their annual usage across all the sites; a stent that is used infrequently (such as the 3.25 variant) is being stocked with at all the sites, which for a product with a confine shelf life and high holding costs, is inappropriate. It is very credibly that the mandate they are currently using to restock their inventory is add to the stock-out problems (see Appendix A); theres no one-dimensional safe stock term, nor any data on how frequently second choice stents are actually being used. Its presumable that during their long resupply process, many 2nd choice stents are being used due to stock-outs, an d this resupply point calculation allow pl! ow them as 1st choice demand, perpetuating the problem. In general,...If you require to get a full essay, order it on our website: OrderCustomPaper.com
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