The Challenges of Managing a Supply Chain
Not what you're looking for?
Compare the most significant challenges of managing the supply chain for a manufacturing company to that of a service company, and determine which is the most challenging to manage effectively. Provide specific examples to support the response.
Purchase this Solution
Solution Summary
Using examples and 551 words with 3 references, the solution outlines significant challenges of managing a supply chain.
Solution Preview
Supply chain management challenges
Manufacturing company:
Kenneth et al (2009) provide that manufacturing companies face the challenge of lacking a measured readiness production function at the unit stage and these results in uncertainty and causes variability to be exhibited at the point of consumption. This can result in inadequate planning and budgeting thus the company does not achieve objectives. Failure to appropriately organize operations in wholesale stage depot repair leads to the creation of gap in critical repair capacity. Inadequate management of the manufacturing process can lead to cycles of boom and bust characterized by long lead times, price volatility, and increased business risk.
According SCDigest Editorial Staff (2010), increase in volatility and uncertainty in the supply chain affects manufacturing companies. Increased price sensitivity and market transparency means volatility has high impact on companies as customers find alternative ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.