Describe the three types of value (supply) chain frameworks and state which one you like the best. Why? What does leadership look like in the supply chain and how does it impact operations management? Provide an example.
The captive Value chain is the best of the value chain framework. The three popular value chain frameworks include
Modular value chain – This is a market-like chain network with the suppliers making products to satisfy customer specifications. Suppliers are completely accountable for process technology in a modular value chain spreading investments across a wide customer segment. The key benefits of modular value chain include low switching costs, establishing substantial relationships, limits specific investments, high information flow between the firms and maintaining simple interaction among the value chain partners making management effective with minimum complications and difficulties
Relational value chain – This is a network-style chain model based on mutual reliance between the buyer and the seller involving interactions and information exchange. This type of value chain is popular among family businesses and it takes a lot of time to adopt relational linkages among normal business partners involving higher switching costs, difficulties and high switching to new partners
Captive Value chain – In this value chain model, the buyers possess more buying power with the suppliers dependent on the dominant buyers. Switching costs are high with a high degree of control and monitoring by the lead buyer firm. In this model, ethical leadership is highly essential to ensure that suppliers are treated fairly and the lead buyers help the suppliers to upgrade their capacities thereby increasing the supply chain efficiencies. The ethical leadership impacts the operations considerably building core competency for the small suppliers and obtaining an equitable market price share. The example of Captive Value chain model exists in the thick linkage established between dairy farmers (suppliers) and dairy cooperative society (lead buyer) making this value chain model highly efficient mutually benefiting the supplier, buyer and the end-user. Hence for the above said reasons impacting operations and the influence of ethical leadership on this value chain model, Captive Value chain model is the best of the three value chain models
Describe the three types of value (supply) chain frameworks and state which one you like the...
What is the difference between vertical and horizontal integration? Which one is good for supply chain management strategy? Give example. Which one do you think will cause a company to become a monopoly and why?
Please answer detail and thorough. How would you explain the concept of supply chain management to your children? They are 8 and 10 years old. Provide an example that they would understand. You are the supply chain manager at the Los Arms Hotel. During an accreditation review by the AAA, you are asked how you select suppliers and measure supplier performance. As you begin to take out your performance charts, the lead examiner tells you to put them away and...
What is the relationship between processes and value? Also, how does operations and supply chain management balance supply and demand to exceed customer expectations?
Pick one of your favorite retail stores and describe the supply chain used to stock inventory in the store. (Hint: there is usually more than one intermediary) Objective: 1. Name and describe the retail store 2. Describe the supply chain intermediaries 3. Do you think this is the most efficient model? Why or why not?
Explain the role of each of the major drivers of supply chain performance in the competitive strategy Tutorial 2 1. Why is i t better to view inventory management in the broader context of logistics than to consider it as a separate function? 2. Strategic decisions within an organization tend to be vague and unfocused. How can these hazy aspirations have any impact on a precise area like inventory management? How can different business strategies affect the decisions made by...
12/07/19 Use your own words Chapter 13 - Global Operations and Supply-Chain Management What are the benefits of an organization entering global production? What are the disadvantages? Can you provide an example why a business would not want to pursue global production? Add references link
When you consider the various leadership types, as discussed in the textbook, which one do you Assignment 4 |think you best respond to/would best work for and why?
1.Define both job performance and organizational commitment as well as list/describe the three types of behaviors that make up job performance and three types of commitment that make up OC. Give an example for each concept. 2. Now, think back to both your current and past jobs. Can you identify an instance where you, a coworker, or a direct report was demonstrating EITHER a problem with job performance or organizational commitment? (if the answer is no, try to come up...
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...
For each topic (with bullet point) please use one sentence to describe or define the topic. I just want to know you understand the concept, can be as simple as a definition. Forward and Backward Pass Inventory Management Concepts, Motivation and Challenges in Inventory Management ABC, EOQ, Newsvendor Models; Assumption and Applications Supply Chain Management Concepts, Motivation and Challenges in Supply Chain Management Responsive vs Efficient Supply Chain Information Systems in Supply Chain Management Bullwhip Effect, Outsourcing, Supplier Relationship What...