Erasmusstentcase-V2.Docx

Operations Mgmt, Erasmus Stent Case D04 Team 25 -- Simon Thornington, Kumar-Gautam Sinha, Dimitra Georgakis, Edmond Daccache The root of the hassle with the tot chain situation at Erasmus MC is a mismatch between the focus of the picture chain and the showcase of yield in question. In particular, stents ar a eminently secernate innovative product, and as such, require a confused lead-time quick and responsive supply chain. Stents themselves are expensive, and they have very(prenominal) lofty holding costs. The costs of expiration as tumesce as the costs of a stock-out are prohibitive, and combined with the smorgasbord of the product, this demands a supply chain with precise enumeration intimacy 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 unbroken in multiple places and checked relatively infrequently, making it delicate to unim aginable for managers upstream to eviscerate any visibility into the literal responsibility of current stock levels for all(prenominal) the varieties of stents. This directly leads to the stock-out problems. less(prenominal) 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 especial(a) shelf life and high holding costs, is inappropriate. It is very apt(predicate) that the mandate they are currently using to restock their inventory is add to the stock-out problems (see Appendix A); theres no linear safe stock term, nor any data on how a lot second choice stents are actually being used. Its presumable that during their long resupply process, many 2nd choice stents are being used due to s tock-outs, and this resupply point calculati! on leave alone plow them as 1st choice demand, perpetuating the problem. In general,...If you destiny to get a full essay, order it on our website: OrderEssay.net

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