Opm Homework

Jiawen Ouyang

OPM 200

What is a big challenge in today's world of complex supply chain?

Today’s big challenge in the complex supply chain is the limited understanding of the impact on unexpected disruption at one supplier’s site.

What is a possible solution (according to the article)?

Cornell developed a method to help prioritize the financial or operational impact od risk that lets companies focus their mitigation efforts on the most important suppliers and risk areas.

In question #2, where was the recommended method implemented?

According to the article, TTR and TTS methods can be combined together to determine how much strategic the firm needs and where to position this inventory.

What is the name of the central feature of the original model called? And it's definition?

The central feature of the original model is called Time to Recovery (TTR). It is the time it would take for a particular node, such as a supplier facility, a distribution center, or a transportation hub, to be restored to full functionality after a disruption. 

By combining Supplier's TTR information with the details of Ford's Supply Chain, the method identifies the risk exposure associated the risk exposure associated with a disruption in each site of Ford's Network. (TRUE or FALSE)

True.

Suppliers with a very long TTS (Time to Survive) (>50 weeks) have an opportunity to do what?

Suppliers with long TTS will have the opportunity to cut cost.

What is TTS definition?

TTS is the maximum duration that the supply chain can match supply with demand after a node disruption.

In what 3 levels is Ford using the method & technology mentioned in the article?

Strategic, tactical and operational.

In question #8, what are they doing in each of the 3 levels?

Strategic level is to identify exposure to risk associated with parts and suppliers, prioritize and allocate resources effectively, develop mitigation strategies, and identify opportunities to reduce risk mitigation...