Question

Select one of the key concepts from the list below for your Discussion response based on a company or organization of your choice:

* Assess the strategic importance of the supply chain to your organization. What strategic differences occur between a product-based business (sells a physical, tangible product), and a service-based business (sells a service, which has no physical or tangible product)?

* Compare the six sourcing strategies and relate your response to your selected organization.

* Explain the steps in the supplier selection process for your selected organization. What differences occur between a product-based business (sells a physical, tangible product), and a service-based business (sells a service, which has no physical or tangible product)?

* Synthesize the method to compute the percentage of assets committed to inventory and inventory turnover. How could this information improve profits to your selected organization?

Be sure to post an initial, about 250-word substantive response and include references.

Answer 1

Hey, I have gone for a brief explanation so that you could understand it better. Please leave a like if you find this answer helpful, it really helps me a lot and motivates me in providing better answers in future. If you have any doubts please let me know before leaving a dislike I would surely assist you. Thank you!

I've chosen McDonald's and the first point to explain with:

The supply chain of McDonald's is largely responsible for its incredible success and development. There must actually be an incredible amount of strategy and planning in the Logistics of McDonald. Over and above the McDonald scheme, other chains have been repeated many times, but none were able to pull the double arches off the rim. In reality, the supply chain giants of McDonald's and Unilever before, inevitably, Amazon took the helm a long time ago. McDonald's illustrates that vertical integration could reduce costs and increase revenue. You cultivate your own beef through contract producers, manufacture your own meat, create your own spices and mixtures at factories you contract, cultivate your own pumpkin and other vegetable products through contractual companies, carry your own goods. McDonald's owns the land on which the stores are located, so they have no rentals or property owners to negotiate with. Their supply chain was well regulated.

All that McDonald's are achieved through a supply chain with vertical integration, so clearly that works really for them. Clearly, they are a large-scale consumer (this may be one of the main understatements) allowing the vertical integrated supply chain the best solution, but many businesses use the process without the success they are seeing. One of the obvious advantages of your supply chain network is its regulation, but McDonald's does not wish to control the distributors according to the people responsible. This system gives them a great deal of control over demand, though. Its is one of the most important success stories in the supply chain! If you ask McDonald's representatives about the McDonald's system, they receive vague quotations about "setting up a supply chain where everyone wins," but you do not receive much instruction on "doing this than doing that." Recently asked by McDonald's Chief Supply Officer about the performance of his supply chain, he responded "Our innovative supply chain model is based on an extraordinary series of operational rules that provide long-term stability and strategic gain for all those engaged in cost reduction, risk protection and quality production and creativity which attract consumers in a unique.

I hope I have addressed each and every part of the question you’ve asked. Please leave a like if you find this answer helpful, it really helps me a lot and motivates me in providing better answers in future. If you have any doubts please let me know before leaving a dislike I would surely assist you. Thanks in advance for liking this answer.