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Project management can reduce supply chain risk

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The following link leads to a blog.
https://www.liquidplanner.com/blog/manage-supply-chain-complexity-using-project-management/

Please provide your answer to the following questions:
1. Provide and discuss a two key points that you think are the most important from the article. Articulate your discussion with concrete examples.

2. Based on the Ford and Bridge videos, how can we leverage Project Management capabilities to ensure companies competitive advantage. Select one company and to back your points.

3. In your opinion, how project management can hedge against SCM risk?
While developing your answers:
a. Provide concrete articulation to your arguments.

b. Perform an additional Internet research about the topic.

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Solution Summary

This posting discusses how project management can reduce supply chain management risk.

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1. The two key points that I think are the most important from the article are to use the critical path method and collaborate/ communicate. The critical path method can help solve supply chain problems by showing the graphical view of any project, helps spot the most important tasks that have to be done and really helps save time. For example, the use of the critical path method can help IBM compare planned and actual progress on deliveries. Through collaboration and communication companies can implement just-in-time and lean management. For example, through communication and collaboration with supply chain partners, Wal-Mart has been able to reduce its shelf inventory and reduce costs. Wal-Mart also uses RFID chips for tracking incoming consignments. This is an advanced form of collaboration and communication.

2. We can leverage project management capabilities to ensure companies' competitive advantages. The company selected by me is The Walsh Group. This company is ...

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