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Georgia Perakis and Mort Webster. Yoder, Brent E. (Brent Edward) Leaders for Global Operations Program. Leaders for Global Operations Program at MIT Massachusetts Institute of Technology. Engineering Systems Division Sloan School of Management 2013-09-24T19:38:03Z 2013-09-24T19:38:03Z 2013 2013 http://hdl.handle.net/1721.1/81029 857790829 Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division; in conjunction with the Leaders for Global Operations Program at MIT, 2013. Cataloged from PDF version of thesis. Includes bibliographical references (p. 136-138). This thesis covers work done at Tracks Energy, a regulated utility, to develop a strategic roadmap for supply chain process improvement. The focus of Tracks Energy has always been on keeping the lights on and the gas flowing for its customers, and the organizational structure of the company has been aligned by functional expertise to accomplish this goal. Existing supply chain operations span across the areas of responsibility for four senior executives and ten different operational groups. The cost and responsiveness of the supply chain has been negatively impacted by groups working to improve performance directly associated with their tasks, at the expense of the supply chain as a complete system. We propose a methodology for developing a strategic supply chain process improvement roadmap based on process map development, benchmarking, and data analysis to outline projected performance. We also present two different inventory models for developing inventory policies based on minimizing total material cost. The first inventory policy model applies a common framework based on stochastic optimization using normal distribution assumptions for demand and lead time. The objective of this model is to minimize costs over an infinite horizon given desired service levels. The second model is a multi-period model adapted from a robust framework. The objective of the second model is to minimize costs given unfavorable demand bounded by potential values unrestricted by a specific probability distribution function. The strategic roadmap for supply chain process improvements presented in this thesis is currently being pursued through the development of a newly developed supply chain management team. The opportunities presented as a strategic roadmap represent the potential for significant capital and operational savings by focusing on the end to end supply chain over individual department functions. by Brent E. Yoder. S.M. M.B.A. 138 p. eng Massachusetts Institute of Technology M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 Sloan School of Management. Engineering Systems Division. Leaders for Global Operations Program. Developing a strategic roadmap for supply chain process improvement in a regulated utility Thesis application/pdf false Publication unknown unknown <Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="f11b35f2-d3ba-4502-b73a-48e75c8b8e9a"> <Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type> <Language>eng</Language> <Title>Developing a strategic roadmap for supply chain process improvement in a regulated utility</Title> <PublishedIn> <Publication> </Publication> </PublishedIn> <PublicationDate>2013</PublicationDate> <Authors> <Author> <DisplayName>Yoder, Brent E. (Brent Edward)</DisplayName> <Affiliation> <OrgUnit> </OrgUnit> </Affiliation> </Author> </Authors> <Editors> </Editors> <Publishers> <Publisher> <DisplayName>Massachusetts Institute of Technology</DisplayName> <OrgUnit /> </Publisher> </Publishers> <License>http://dspace.mit.edu/handle/1721.1/7582</License> <Keyword>Sloan School of Management.</Keyword> <Keyword>Engineering Systems Division.</Keyword> <Keyword>Leaders for Global Operations Program.</Keyword> <Abstract>This thesis covers work done at Tracks Energy, a regulated utility, to develop a strategic roadmap for supply chain process improvement. The focus of Tracks Energy has always been on keeping the lights on and the gas flowing for its customers, and the organizational structure of the company has been aligned by functional expertise to accomplish this goal. Existing supply chain operations span across the areas of responsibility for four senior executives and ten different operational groups. The cost and responsiveness of the supply chain has been negatively impacted by groups working to improve performance directly associated with their tasks, at the expense of the supply chain as a complete system. We propose a methodology for developing a strategic supply chain process improvement roadmap based on process map development, benchmarking, and data analysis to outline projected performance. We also present two different inventory models for developing inventory policies based on minimizing total material cost. The first inventory policy model applies a common framework based on stochastic optimization using normal distribution assumptions for demand and lead time. The objective of this model is to minimize costs over an infinite horizon given desired service levels. The second model is a multi-period model adapted from a robust framework. The objective of the second model is to minimize costs given unfavorable demand bounded by potential values unrestricted by a specific probability distribution function. The strategic roadmap for supply chain process improvements presented in this thesis is currently being pursued through the development of a newly developed supply chain management team. The opportunities presented as a strategic roadmap represent the potential for significant capital and operational savings by focusing on the end to end supply chain over individual department functions.</Abstract> <Access xmlns="http://purl.org/coar/access_right" > </Access> </Publication>