Assessment Criteria 1. Understand the relationship between supply chain management (SCM) and organisational business objectives Concepts: demand and supply management; push and pull models; enterprise resource planning (ERP); vendor managed inventory (VMI); efficient consumer response (ECR); value chains; lean supply; global SCM; contribution to business objectives Development: physical distribution management; materials management; logistics management and SCM (upstream and downstream) Organisational
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integration of Dell’s direct model. Although there are several key differences between these two industries, Dell’s strategy(Exhibit 3) still could be applied to Ford. Under this model, Ford can use the information technologies to interact and transact from their supplier to customer. Reduce the layers would increase both operation control efficiency and the flexibility in supply chain. Every big change may cause high risk of the issues during the implementations. Ford should build the special group
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The Root Beer Game Simulation John Doe TUI University ITM 436 Operations Mgmt and Operations Sys. John Doe, Ph.D. What I learn about supply chain management during this tutorial? Successful supply chain management is significant to the survival of today’s business. To review supply chain strategies and evaluate proposed changes that impact the business as a hole, supply chain managers should be able to assertively predict their network’s performance under a range of conditions. This
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Abstract This paper describes the goal of Bunge Limited Co. and what techniques did they use in their operations to achieve the goal. Looking to the history of the company starting in Europe and moving to Americas, how transformation from a small company leading the business locally to a global company in the market was done. The company strategy is a practical model of trade-offs which helped them to focus back on their core business, decentralization structure was inherited in Bunge from the days
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Troy Rock Florida Institute of Technology Research Paper Supply Chain Process in the Oil and Gas Industry. MGT 5069 June 18, 2016 Introduction The definition of supply chain management, it is described as being the set of processes in a firm that are implemented to maximum customer satisfaction while operating at a lowest cost possible to achieve maximum profits. In the oil and gas industry supply-chain, the profitability of a firm is hinged upon its upstream suppliers and its
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acquisition of Sears for Kmart was a part of a growth strategy to help build and strengthen the once dominant giant discount retailer. Between the 1960’s and through the 1980’s Kmart was the number one leading retailer in the discount department store industry. For 30 years Kmart seemed to be doing everything right but as they were growing they were also slipping into a deep hole. Many factors played into their eventual retrenchment but supply chain management was their biggest fault. During the 1990’s growing
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OPERATIONS MANAGEMENT AND MARKETING Operations management (OM) is the business function that plans, organizes, coordinates and controls resources needed to produce companies’ goods and services. OM is the core function of every company, small or large, providing physical good or a service, for profit or non- profit. The role of OM is to transform the company’s inputs (human resources, facilities, and materials) into outputs (goods and services a company produces). Marketing regroups activities that
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Warehousing and Inventory Management Assignment 1, Question:- Recent events in the global scene have had a significant impact on supply chains especially JIT operations. Discuss what these events are and their impact on the role of warehousing in the supply chain. JIT or Just-In-Time has been defined as an inventory control whereby is to maintain or control just right quantity materials in just right place at the just right time for the just right amount of products or manufacturing (Lee
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business, management of every company has to decide what competitive strategy will be; whether focus will be on low price, speed, high quality or other. Depends on that decision, organization can develop its supply chain strategy, work on performance objectives and make trade-offs needed to achieve strategic fit. Drucker (1995, cited in Elgazzar et al., 2011) posts words of William Durant, founder of General Motors, that profit is the result of a ‘cost stream that spread throughout the supply chain’, showing
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Potter Value Chain Analysis The value chain analysis identifies all of the activities and strategies the organization must perform to conduct a successful business. (Potter) .The activities are classified into primary and support activities. Each of the activities performed will add value to the product and services provided by an organization. LEGO had incorporated various strategies to gain a competitive advantage. LEGO’s inbound logistics was not in proper shape. There was no control over
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