Information Flows
Relational Contracting Part I: MUFG Experiments with Blockchains
“One of the best meetings ever!” This is a comment I hear a lot at the conclusion of every one of our SCRC meetings the past few years. Either we are getting better and better at bringing in some of […]
Relational Contracts Student Insight: Codifying the Deal is Key!
In Part 2 of our blog series leading up to the SCRC meeting this coming Thursday on “Relational Contracting”, we feature a white paper developed by Tracy Burnett, a second year MBA in our online program. Tracy here discusses some […]
Relational Contracts Student Project: Alternative Means to Settling Contract Disputes
As part of the lead-up to our SCRC meeting this week on Relational Contracting, I am featuring the first of five papers by some of our online MBA students who took my relational contracting class. The first of these by […]
Global Logistics, Q&A with John Camp, Lenovo
Questions and Answers on Global Logistics, with John Camp, Lenovo Big Issues in Global Logistics Rob Handfield (Co-Director of SCRC): Hi, I’m here with John Camp, director of logistic solutions and transformation at Lenovo. John manages a lot of the […]
Total Costs
The sum of the variable, fixed and semivariable costs (costs that cannot be classified as variable or fixed ) comprises total costs. As the volume of production increases, total costs increase. However, the cost to produce each unit of product […]
Total Cost of Ownership (TCO)
In supply chain management, the total cost of ownership of the supply delivery system is the sum of all the costs associated with every activity of the supply stream. The main insight that TCO offers to the supply chain manager […]
Target Costing
It is the process of designing a product to meet a specific cost objective. Target costing involves setting the planned selling price, subtracting the desired profit as well as marketing and distribution costs, thus leaving the required manufacturing or target […]
Globalization
See: Currency Conversion, Language
Operating Policies and Procedures
Definitive statements of what should be done in the business, and a formal organization and indexing of a firm’s procedures. They are usually outlined in manuals which are printed and distributed to the appropriate functional areas. Source: APICS (8th ed.)
Capacity Requirements Planning
The function of establishing, measuring, and adjusting limits or evels of capacity. The term capacity requirements planning in this context refers to the process of determining in detail the amount of labor and machine resources required to accomplish the tasks […]