• Title/Summary/Keyword: Inventory obsolescence

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The Case Study on the Performance between SCM Adopted Textile.Fashion Firms and Unadopted Firms in a Viewpoint of BSC (BSC 관점에서 SCM 도입 섬유.패션 기업과 미도입 기업의 성과에 대한 사례 연구)

  • Shin, Sang-Moo;Yoon, Jae-Chun
    • The Research Journal of the Costume Culture
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    • v.17 no.1
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    • pp.177-188
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    • 2009
  • SCM as the important marketing strategy enhance the firm's efficiency and compatibility in global market environment such as global outsourcing. Firms adopted SCM realized the need to evaluate precisely the performance of SCM. In spite of importance of SCM, there was not much intention and research to measure SCM performance in textile fashion industry. Therefore, the purpose of this case study was to measure performance of supply chain management in textile fashion business using BSC(Balanced Score Card) to measure not only financial perspective but also non-financial perspectives such as customer perspective, internal business perspectives, financial perspective, and innovation & learning perspective. The questionnaire developed by the reviews of the literature was adopted for this study. The results of this study showed that SCM performance was enhanced from the point of customer perspective(cost, quality, time, service), financial perspective(cash cycle time, inventory turn over, inventory obsolescence, return on asset, return on investment, capacity utilization), and innovation & learning perspective(cost for human resource management, service for human resources). But there was same performance level regarding internal business perspective(lead time, cost for manufacturing process, product quality control, productive flexibility for time, quantity, and variety). Therefore, we should keep close relationship and two way communication among supply chain members to promote better SCM performance.

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A study on service parts demand forecasting considering parts life cycle (부품 수명주기를 고려한 서비스 부품의 수요예측에 관한 연구)

  • Kwon, Ick-Hyun
    • Journal of the Korea Safety Management & Science
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    • v.19 no.3
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    • pp.97-107
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    • 2017
  • This research studies on the demand forecasting for service parts considering parts life cycle, that gets relatively less attentions in the field of forecasting. Our goal is to develop forecasting method robust across many situations, not necessarily optimal for a limited number of specific situations. For this purpose, we first extensively analyze the drawbacks of the existing forecasting methods, then we propose the new demand forecasting method by using these findings and reinforcement leaning technique. Using simulation experiments, we proved that the proposed forecasting method is better than the existing methods under various experimental environments.