Material Management

Material Management

1. Company's Value Chain

   • Actions wihich are carried out in order to deliver a valuable product or service to the market
     • Allows to analyze each of its activities
       • 5 Primary activities that affect the final product
         • Inpound logistics, operations, outbound logistics, marketing, services and sales
           • Contribute directly to the creation of the product, they are not independent of one another
     • 3 main objetives
       • 1- Improve services
       • 2- Reduce cost
         • Optimizing the manufacturing process, purchasing raw materials at lowers cost, innovation, automotization on supporting areas, reducing delivery times, good logistical organization
       • 3- Create value
   • The quality of an activity has a direct impact on cost and customer satisfaction
   • 6 steps to start the value chain evaluation
     • 1- Setting up the analysis
       • 2- Mapping out the current value chain
         • 3- Collecting Data
           • 4- Submiting the diagrama and data
             • 5- Restructuring the value chain
               • 6- Planning improvement actions

2. Logistic

   • Impact on making goods and service available to costumers -> when and where they wish to.
     • The purpose of logistics planning is to know saber when, what and how
       • Supply chain -> operations (JIT)
   • Material Requirement Planning
     • Advantages
       • Production plans based in shipping date which will be frozen for a period, save time, could be handled per hour, day, month or even a year
     • Disadvantages
       • The accurate information must be uploaded to avoid error in the system, also the plan could be changed any time

3. Supply Chain Management

   • Start in and finish in legally separate firms within the product flow channel
     • Value Chain -> how we can improve in any department

4. Production Control

   • Consider the raw material, Work In Progress, schedule date with the customer according to the customer satisfaction

5. Production schedule

   • Planned based on customer requirements

6. Safety stock

   • On production to avoid any customer delay

7. Label process

   • Control of products steps need to be controlled bye barcode

8. Physical Inventory

   • Structured approach to counting a company's stock

9. Inventory acurancy

   • Is the base of the material amazement on the whole pipeline

10. Implementation of Kanban

    • To identify the inventory level is an excellent visual of inventory handling

11. Color code

    • To know the conditions of the product

12. Bill of Materials

    • SKU'S -> is a list of the raw materials, the quantities of each needed to facture a finish product
      • BOM are in stock and requisition for components that are not on stock

13. 5 forces of Michael Porter

14. 1,2 and 3 PL

15. Providers Tier 1, 2 and 3

    • Tier 1 ->are the companies that supply systems or parts directly to Original Equipment Manufacturer, they specialize in making “automotive-grade” hardware
    • Tier 2 ->are the companies that supply parts, even though these companies themselves does not sell directly to Original Equipment Manufacturer.
    • Tier 3 -> are the suppliers of raw materials, tier 1 and 2 companies need raw materials, so the tier 3 supply all levels

16. Kanban

    • Is a model that helps as an inventory control system, this model is used in Just-in-time (JIT) manufacturing

17. Blockchain

    • it helps to first understand what a database actually is.
      • One key difference between a typical database and a blockchain is the way the data is structured. A blockchain collects information together in groups, also known as blocks, that hold sets of information

18. Following Concepts

    • For transport goods between businesses or entities. Most commerce is conduced internationally the buying selling of goods between nations

19. Leadtime

    • Refers to the time that elapses from when an order is generated to a supplier until the merchandise and products from the supplier is delivered to the customer.

20. Takt Time

    • Refers to the manufacturing pace that we must maintain to respond to the customer demands, this is useful when the company have limited production time and a constant demand from customers; this concept normally associated with just in time and lean manufacturing

21. Cycle time

    • Is used to describe how long it would take for equipment to complete a movement or process, the process time is the time a workpiece takes to enter and exist a workstation

22. Bottleneck

    • They happen in production, and in other many things involve to the supply chain; is a process occurs when input comes in faster than the next step can use it to crate, bottlenecks can be caused by inadequate equipment and production where throughput has been maxed and because of poor productivity

23. Buffer stock

    • Is a plan directed by the government to stabilize process in volatile markets, that requires intervention in buying and sellin¡

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