Using the Value Stream Mapping (VSM) approach, describe and justify what you believe to be a plausible supply chain for your chosen product/service. Identify the key production processes, material flows, product flows, information flows, financial flows and supply chain relationships that have the greatest influence over the performance of this supply chain. Students will receive high marks for their ability to ‘critically evaluate’ the problems with the existing supply chain, such as identifying bottlenecks, long lead times, production waste, non-value adding activities, scheduling problems, poor supply chain communication, excessive inventory, stock out risks, capacity constraints, order backlogs, disruption risks, logistical/ transportation delays or sustainability issues. Students are also required to provide a detailed “Current State” Value Stream Map to help illustrate the problems with the existing supply chain. On this value stream map, students should provide details of the existing flow of materials, products, information and finance using the established icons.
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