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Study On Supply Chain Management Optimization Of Flex

Posted on:2020-01-08Degree:MasterType:Thesis
Country:ChinaCandidate:R L ZhangFull Text:PDF
GTID:2439330596488015Subject:Business administration
Abstract/Summary:PDF Full Text Request
Since the beginning of the 21~stt century,the trend of economic globalization has accelerated,and the economies of all countries in the world have been further integrated,being interdependent and competing with each other.Especially in recent years,with the development of the Internet,the economic ties between various economies and large enterprises have become closer,gradually showing a chain-like,network-like relationship.For a single enterprise,the supply chain is composed of upstream and downstream enterprises.The development of enterprises is based on the development of supply chain.In a sense,the competition of enterprises is the competition of supply chain management ability.flex is a one-stop electronic manufacturing service provider,providing customers with all-round services such as design and development of electronic products,product manufacturing,logistics and transportation.In response to the fierce competition in the market,flex continues to promote the continuous upgrading and optimization of the company's internal business model and management process.Supply chain management is the core management step of the company.Supply chain management optimization has become the top priority of flex to enhance its own capabilities.Under the guidance of supply chain management theory and purchasing management theory,this paper uses scientific research methods and research tools such as case analysis,fish-bone diagram,Kraljic supply matrix,etc.to analyze and study the supply chain management of flex company from five aspects,and puts forward corresponding optimization solutions.1.Sourcing personnel set up strategic purchasing mind-set and re-build purchasing process to overcome the shortcomings of fragmentation of quotation between similar materials and insulation of purchasing strategies among different projects.They implemented differentiated and systematic purchasing strategies,which greatly reduced the total purchasing cost.2.The new supplier qualification process with probation period and elimination mechanism ensures that qualified suppliers are selected.Supplier Quality Question Base(E-MQCR)and Quality Early Warning System(EWS)effectively reduce the quality problems of suppliers.3.Establishing supplier's strategic cooperation relationship and process-focus order management,the supplier's on time delivery rate is significantly improved.4.Promote vendor-managed inventory(VMI)and greatly change from traditional full lead time order to vendor-managed inventory order,delay the period of flex owned inventory from time aspect.Through the optimized ABC1C2 material classification method,flex adopted more elaborate economic order quantity(EOQ)management strategy,and realized the“more batches,small quantity”and reduced orders volume from quantity aspect,and finally realized the reduction of inventory and increase of turnover rate.5.By segmentation management of customer demand,flex allocated more resources to customer reasonably,by optimization of internal information communication process and establishment of information sharing platform,flex overcame the disadvantages of long communication cycle and lack of information transparency,timely responded to customer needs,agility met the requirements of advanced supply chain,customer satisfaction has been improved.The above five improvements in supply chain management make the management of suppliers be more elaborate,the inventory control be more reasonable and more satisfy customers.flex realized the closer connection between the upstream suppliers,the core enterprises and the downstream customers of the supply chain,which reduces the total cost of the whole supply chain and enhances the competitiveness of the company.
Keywords/Search Tags:Strategic Procurement, Vendor Managed Inventory, Customer Demand Management, Economic Order Quantity
PDF Full Text Request
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