What you’ll learn5 learning objectivesChoose one objective for a focused lesson, or study the complete topic.5.6.1(HL)—Supply chain process• Analyse local and global supply chain process• Supply chains coordinate sourcing, production, logistics, inventory, and deliverySyllabus objective5.6.2(HL)—JIT and JIC• Evaluate difference between just-in-time (JIT) and just-in-case (JIC)• JIT minimizes stock; JIC holds buffer stock to reduce supply riskSyllabus objective5.6.3(HL)—Stock control charts• Interpret stock control charts using lead time, buffer stock, reorder level, and reorder quantity• Stock control balances availability, holding costs, and supply reliabilitySyllabus objective5.6.4(HL)—Operations productivity and capacity measures• Calculate and interpret capacity utilization rate and defect rate• Calculate and interpret labour productivity, capital productivity, productivity rate, and operating leverage• These measures support efficiency, quality, and capacity decisionsSyllabus objective5.6.5(HL)—Make or buy decisions• Evaluate cost to buy (CTB)• Evaluate cost to make (CTM)• CTB and CTM support outsourcing, insourcing, and production decisionsSyllabus objective
EduNinja