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Supply Chain Management and Just in Time Delivery

1. If you were to evaluate your company's supply chain (or resource allocations for service based companies) do you feel that it meets the operational goals of the company? Why or why not? If you had the power to change one thing related to supply chain or resources within your company what would that be? How easy would it be to implement that change?

2. What are the risks and rewards associated with Just-in-Time (JIT) supply chain activities? How can a company buffer the operational risks associated with JIT inventory?

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Supply Chain Management

Answer 1

Supply Chain

Supply Chain of a Company involves the transfer of products and services from the producers to the ultimate consumers. The Supply Chain Process involves the conversion of raw materials into finished goods, resources and technology involved in producing the products or services along with the human resource and the policies for distribution. The Supply Chain of the Company focuses on attaining the operational goals and objectives of the Organization. The Strategic decisions of the Company, for the management of supply chain should focus on the production, distribution and transportation of the products of the Company (Mentzer, 2001).

The Company is able to attain its operational goals and objectives effectively with the assistance of its strategic decision making framework. The Company's Production, Distribution and Logistics Departments are based on the Strategic, Operational and Tactical Decision Making. The ...

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The response addresses the queries posted in 542 Words, APA References