Discuss the below:
1. Discuss how forecasting effects the supply chain of an automobile manufacturer. Consider especially the forecasting and supply chains involved in manufacturing a new model (entirely new, not an edition/annual change). How do the individual supply chains for the subparts effect the larger supply chain of the whole automobile. How does forecasting effect the just-in-time or lean production system used in most automobile manufacturing plants?
Example of a typical automobile supply chain:
• Suppliers for raw materials
• Suppliers for parts and subsystems
• Automobile manufacturer (Ford, in the example). Within a company, there are also different departments, which constitute the internal supply chain:
• Purchasing and material handling
• Manufacturing
• Marketing, etc.
• Transportation providers
• Automobile dealers
2. Create a rudimentary supply chain for delivering canned peaches to the consumer. Discuss the sources of uncertainty within this supply chain. What are the risks? How could the manufacturer mediate the risks?
3. Manufacturers have to establish parameters for what is to be produced and in what quantity how does utilizing a supply contract aid both parties in terms of their roles/responsibilities involving the supply chain?