Supply Chain Management
(a) identify the main issues in the chosen area, (b) contain and reference new learning that has occurred, (c) activities or incidents that facilitated learning and understanding, and (d) present specific current and/or future applications and relevance to the workplace. The emphasis of the paper should be on application of new learning.© BrainMass Inc. brainmass.com October 17, 2018, 12:45 am ad1c9bdddf
(a) identify the main issues in the chosen area,
The main issues that are related to supply chain management are the arrangement of the distribution system, the strategy of the distribution, the challenge to achieve the lowest logistical cost, the sharing of information, the management of inventory, and the transfer of payment through the supply chain.
Let us examine these in some detail. The arrangement of the distribution channels means decisions relating to the objectives of channel members, the number of channel members, their location, warehouses, and distribution depots and its relationship with suppliers. The strategy refers to the operating control and delivery methods that may be used for the supply chain. In the area of logistics the challenge is to achieve the lowest transportation costs at the volume require. In addition, there is need for information integration through the supply chain to share important information. An holistic approach to logistical activities is obtained. One of the key issues in supply chain management is inventory management. There is an attempt to fine tune the supply chain so that "just in time" objectives are achieved. For instance, there is improved coordination so that the raw materials are received when they are required and the finished goods are shipped the moment they are ready. An important issue in supply chain management is the way in which payment flows through the supply chain. if there are blockages these inevitably affect the flow of goods and services.
(b) contain and ...
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Discussing Supply Chain Management
In a 1000 words, explain what a supply chain is and discuss the importance of a company having a supply chain strategy. Identify at least four key drivers of any supply chain strategy and discuss why each is an important ingredient to a supply chain strategy. Cite an example of a company that has used its supply chain as a competitive advantage and explain how.View Full Posting Details