Question

Select a company and identify two of their products that are supporting products for the production of a dependent demand based finished good. How can JIT, forecasting and SCM contribute to the production of your selected finished goods?

Example: Dell laptop computer is an example of a dependent demand-based finished good. IT creates a demand for other supporting products such as laptop batteries and the operating software.

Make at least 200 words or more, thank you.

Answer 1

Solution:

Example 1:

Intel.

Intel is the manufacturer of electronic chips that are used in assembling the CPU together to ensure that we have a fully functional computer or a laptop. Hence, there are plenty of Intel products that go on to support many finished goods in the form of laptops, CPU or mobile phones.

Example 2:

Corning Glass Inc

This is a manufacturer of glass products that are used in almost every product that we see around us. They are the world's leading manufacturers of glass. The term corning gorilla glass that is so famous for its use in electronic products such as smartphones, laptops is the product of corning Inc. HEnce, corning glass goes on to support the development of plenty of finished goods.

--

The product of finished goods will depend on the availability of these individual parts that are very much necessary for assembling the final finished product. This is where the forecasting comes into play where we can forecast the demand well in advance to be ready with the supply to fulfill the demand. We must have JIT principles in our production process of the finished goods and hence we need an efficient supply chain to manage the demand for the final finished goods. Hence, this is why the supply chain matters the most in fulfilling the demand of individual parts to assemble the finished product.