Co maker
| Co maker |
|---|
| See also |
Co maker (called also co signer[1]) is supplier who delivers materials or components to another company to enable creating the product. Usually there are called also partners or key suppliers
[2].
Co-maker idea has its roots in successful cooperation of international production organizations. The supplier and purchaser are chain partners and they deal together manufacturing and delivering processes. Products of such cooperation are usually high quality[3].
Benefits of cooperation with co maker
Benefits of long term relationship between co market and customer (another company) are coming from involvement, building trust, support and mutual effort to[4]:
- deliver better quality of final product,
- reduce lead times,
- decrease level of inventories,
- produce less quality defects,
- deliver products faster to the market,
- develop detailed specifications,
- develop design,
- improve production,
- keep high-standard capabilities.
Strategic, tactical and operational goals for co maker
Being co maker of company will bring new goals to the co maker enterprise, both strategic and tactical which might be transferred into operational measurements[5]:
- Strategic goals would be meeting or exceeding customer expectations, which will bring integration of both companies,
- Tactical goals would be improving:
- customer satisfaction, loyalty and retention,
- reputation and image by offering adequate technology and service,
- Operational goals which should achieve tactical and strategic goals, for example:
- Average time between failures should not exceed 12h,
- Unified product performance for all customers,
- Measurement of issues with running the product.
- Ratio of delivered components versus commitment,
- How many times customer had possibility to try product,
- The rating of training which was performed for customer,
- Measurement delays in delivery to customer.
Logistic network with co makers
Logistic network is also called logistic chain co-makers, supply chain network, value-added network, production network or procurement network. It is situation when several co makers decided to cooperate - they create so called transcorporate logistics. Such network is usually managed by style called integral logistic management [6]. It sometimes led to inventory model of joint economic lot size (JELS)[7]
Footnotes
- ↑ United States. Office of the Federal Register, (2000) ,p. 89
- ↑ Ksatriya A., Dharmanhikari V., Srivastava D., Basak P. C., (2017), p. 80
- ↑ Vijayashree M., Uthayakumar R., (2016), p. 1
- ↑ Anuar K., Kamar M., Hamid Z. A., (2011), p. 2555
- ↑ Ksatriya A., Dharmanhikari V., Srivastava D., Basak P. C., (2017), p. 84 - 85
- ↑ Schönsleben P., (2016), p. 13
- ↑ Vijayashree M., Uthayakumar R., (2016), p. 1
References
- Anuar K., Kamar M., Hamid Z. A., (2011), Supply Chain Strategy for Contractor in Adopting Industrialised Building System (IBS) in "Australian Journal of Basic and Applied Sciences, 5(12)"
- Ksatriya A., Dharmanhikari V., Srivastava D., Basak P. C., (2017), Strategic performance measurement using balanced scorecard: A case of machine tool industry in "Foundations of Management, Vol. 9 (2017)"
- Schönsleben P., (2016), Integral Logistics Management: Planning and Control of Comprehensive Supply Chains, Second Edition, CRC Press
- United States. Office of the Federal Register, (2000), Code of Federal Regulations: 2000, U.S. General Services Administration, National Archives and Records Service, Office of the Federal Register
- Vijayashree M., Uthayakumar R., (2016), An integrated vendor and buyer inventory model with investment for quality improvement and setup cost reduction
Author: Anna Piechnik
