1.)Partner with Your Current Suppliers
Sometimes the supply chain challenges facing a company are market wide, and developing effective solutions require the kind of scale not available to a single partner within the value chain. Situations like these present perfect opportunities to develop deeper partnerships with your suppliers to help grow each of your businesses.
Creating a mutually beneficial strategy can be tricky, but it’s doable with careful planning. When approaching this arrangement the focus should be on clearly defined, revenue sharing-based and easily trackable KPIs, and information transparency
2.)Collaborate with Internal Operations
Sometimes there isn’t a need to build a supplier coalition because the risks and supplier capital needed for success outweigh the benefits. In these instances, significant supply chain optimization may be possible through interoperation collaboration throughout the entire firm.
Similar to the previous strategy of imagining the ideal global supply chain, imagine a brand new internal supply chain. Follow the same approach to help you identify a new internal process that reduces waste and promotes efficiency. During this activity, focus on areas that have overlapping resources. By evaluating these key areas, your team can identify redundant processes that waste resources and illuminate large scale process changes that will radically improve your firm’s operations and bottom line.
3.)Drive large scale Efficiencies with Your Supplier’s Suppliers
After you’ve partnered with your suppliers to develop efficiencies, there’s a great opportunity to leverage the same partnership to drive efficiencies for their suppliers. Achieving this level of collaboration will not only give you greater insight into your supply chain, but will also grow your ability to drive large scale supply chain improvements.
4.)Increase information sharing and visibility
More transparency in logistic processes can help improve supply chain efficiency for your business that not only benefits your business but also your workforce and your clients. It is important to abolish slow, unreliable spreadsheets to provide information. Share the most up-to-date information through current technology solutions that fit well with your business and key stakeholders.
Discuss the possible approaches of increasing supply chain resource's efficiency.
Discuss three ways in which supply chain analytics is affecting supply chain management.
Which of these approaches to solving the tragedy of the commons in supply chain sustainability is considered a market approach? C) Cap-and-trade D) Mutual coercion B) Mean absolute deviation A) Command-and-control
Discuss the production and supply chain management information systems module(s) of the Enterprise Resource Planning system. How can a production planning data in an Enterprise Resource Planning system be shared with suppliers to increase supply chain efficiency?
Discuss the importance of supply chain management. What impact does the supply chain has on the overall organization performance and competitiveness in the marketplace?
Please discuss role of cutting-edge technologies in logistics & supply chain management. Please Discuss how bar code, RFID, GPS and automated material handling systems help in improving Supply Chain Performance?
When developing a product, discuss the steps in the supply chain that must be accomplished prior to the sourcing phase.
Discuss at least five differences between supply chain partnerships of the past and those that have developed today.
Essay Question: Discuss Supply Chain Risks and their mitigation. At what frequency do you suggest buyers, managers, and executives in the supply chain to review risks and mitigation plans. Who among them should focus the most on Strategic risk?, Tactical risk?, Supply Risk?
With regards to supply chain management in a healthcare setting, discuss some of the benefits of forecasting. What are some of the benefits and concepts of project management? How is project management beneficial? Discuss. Give an example of project management in healthcare. In doing so, you may want to create a scenario then expand on the example.
PROGRAMME BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT MODULE SUPPLY CHAIN MANAGEMENT 2A TOTAL MARKS 60 MARKS Identify any logistics and supply chain related organization of your choice and write a report on the following: 1. Find out the mission statement of the organization, from the said mission statement: 1.1. find out why the organization exists? (5 Marks) 1.2. What are the core values that are important to the organization? (5 Marks) 1.3. Discuss the organization domain and how the...