LEGO Supply Chain Analysis

In course

Description

This lecture analyzes the LEGO supply chain from a value chain perspective, identifying root causes in earlier stages that lead to effects in later stages. It discusses issues in product development, sourcing, manufacturing, and distribution, highlighting challenges such as high number of suppliers, waste of raw materials, and inaccurate forecasts. The lecture also covers the implementation of a new distribution strategy, the impact of production planning decisions, and the successful turnaround of LEGO's operations. Through case studies and real-world examples, the instructor explores the importance of efficient supply chain management and the key factors that contribute to a successful supply chain strategy.

Instructor

Official source

https://mediaspace.epfl.ch/media/0_bbtlhctt

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Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". It is the process of ensuring that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction.

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