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In a paper, present financial justification for a supply chain management initiative including recommendation for a unified financial approach to funding and a cost benefit analysis.
Baderman Island is one of the most beautiful places for spending weekend in the world. Baderman Island is surrounded by the shores of the Kelsey River. The most popular thing of this Island is its hotels. The Baderman Island provides many facilities to their customer and continuously innovate the new features for attracting the customers. The Island provides new features, Baderman Island guest blogs and daily specials for the Restaurants of Baderman Island.
Supply Chain Management
Supply chain management is systematic, strategic coordination of the business functions within a particular company and across businesses. The supply chain of a business is helpful for enhancing the long term performance of the individual companies and whole supply chain management (Mentzer, 2001). In other words, supply chain management is systematic tool which create the better coordination between the network of supply chain of the business and increase the performance of the companies and make the better relationship between the supply chains of the different businesses. In the simple words, supply chain management is the integration of key business process the supply chain for the purpose of adding value for the customers and stakeholders (Jespersen & Larsen, 2005).
Supply Chain Management Initiative Financial Justification
Supply chain management of any company should be effective and well managed, because effective supply chain enhances the performance and improve the financial status of the company. Baderman Island has big supply chain because of there are lots of different businesses like hotel, restaurants, parks etc. In order to achieve high performance level all the supply chain should be effective and efficient. The facilities of Baderman Islands are very economical and affordable. The Baderman Island is offering several package deals for the holidays, family vacation, business trips and romantic get ways. The customer can book their holiday's packages through the toll free number, online reservation systems and agent/broker. If the customers want to create his own package deal they can buy tickets from Pepicello fairways, Baderman Island Kelsey, Baderman Island Historic Neustadt Lighthouse, William C. Martin Botanical Gardens and Baderman Main Hotel and check availability for each of the hotels.
The financial performance directly impacts to the supply chain management of an organization. On the other hand it can be ...
Supply chain management initiatives and financial justifications are examined. The recommendations are provided.