Supply chain management is the integration of activities that procure materials

Question

Supply chain management is the integration of activities that procure materials and services, transform them into intermediate goods and final products, and deliver them to customers. The production, distribution, and sale of both goods and services are bound by constraints in demand, supply, capacity, capability, and a myriad of other parameters.

In this assignment, consider the strategic implications of how an organization produces and interacts with its partners, customers, and suppliers.

Describe the overall goal of a supply chain.

Describe the difference between a supply that is responsive (service) and a supply chain that is efficient. Can a supply chain be both?

How can an organization optimize supply chain management to improve results and remove obstacles? Support your answer with two current examples.

Based on your learning from your research, what additional recommendations might add to what was accomplished?

Explanation / Answer

Answer 1:

On the most foundation level, the goal of supply chain is to make inventory readily available in customer facing positions to fulfill demand.

Answer 2:

The major difference between the efficient supply chain and responsive supply chain biols down to the ability to meet uncertain demand.a responsive supply chain works collaboratively among stakeholders to exchange information in a feedback loop in order to produce enough of a product to satisfy uncertain demand. Conversely, In efficient supply chain can corral its suppliers, manufacturers and retailers to manage orders and processing, and meet a stable, predictable demand at a lower cost. This is done independently and without the ability to address shifts in demand with agility.

Yes, Supply chain can be efficient and responsive as well. For Example: Wall Mart has efficient and responsive supply chain.

Answer 3 :

Refer to the following mjaor actions required for an organization to to optimize the supply chain management.

1. Set up organization's internal supply chain council.

2. Develop an appropriate and adequately staffed supply chain structure

3. Identify areas where technology can help improve and streamline processes

4. Maintain healthy supplier relationships.

5. In procurement, look at total cost of ownership over price.

6. Source suppliers strategically and with collaboration.

Answer 4:

Refer following additional recommendations

7. Move contract management responsibility to the supply chain

8. Optimize inventory for reduced cost.

9. Establish regular reviews to ensure efficiency and mitigate risk.

10. Be socially responsible and establish “green” initiatives.

Note: I would like to have your opinion and if you are seeking more information, I will be glad to help you.

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