1. It is said that sourcing decisions are always an important fac tor affecting
ID: 385150 • Letter: 1
Question
1. It is said that sourcing decisions are always an important fac tor affecting the supply chain performance for all industries. asked to advise when the company should choose to operate its own account operation to provide delivery services. Is there any exception to this? 6. What are the impacts of the high-low pricing adopted by 2. The low of information has become more and more important in supply chain management. Describe the key impacts of ioformation on supply chain performance in terms of respon- siveness and efficiency with reference to the logistics industry 3. Discuss the following proposition with reference to an auto mobile garage handling maintenance and repair: "Modal choice decisions could improve the responsiveness of the major supermarkets on supply chain performance? 7. What are some industries in which products bave proliferated and life cycles have shortened? How have the supply chains in these industries adapted? 8 How can the full set of logistical and cross-functional drivers be used to create strategic fit for a cell phone manufacturer targeting both time-sensitive and price-conscious customers? 9. On which supply chain drivers sbould a firm trying to shrink supply chain perfocmance." 4·"Price decisions only affect the buyers' behavior and not the responsiveness of the supply cbain."Commeat on this propo its cash-to-cash cycle focus? 10. Would you expect a brick-and-mortar retailer or an online retailer to have a higher asset turnover? Which supply chain sition with reference to shipping logistics. 5. Marks &Spencer; (M&S;) has curreatly outsourced parts of its delivery services to a logistics provider. You have bee drivers impact asset turnover?Explanation / Answer
1. Supply chain management is the effective management of the logistics operations that are important for organizations. Usually the supply chain is used to procure and transport raw materials and finished goods respectively.
The efficient working of any industry (goods producing) is always dependent on the quality and availability of the materials it uses for producing final products. Any raw material must be available before it is required to undergo any operation. This availability can be maintained if and only if the suppliers and vendors are reliable. Further these vendors and suppliers should be available nearby so that in case of emergencies procurement can be done.
Companies should be very critical and analytical while selecting the sources of their raw materials. Because if the sourcing is not efficient then it will increase the lead time and thus, the delay in production schedule. Also, it can lead to financial imbalances for the organization as in acute need times the company will have to pay extra for procurements to meet the demands. Any delays can be directly seen as loss to the companies.
Thus, it is very important for companies to perform sourcing decisions very carefully so as to run its operations smoothly and achieve the desired goals.
Further, it can be said that there is no exception to the statement that sourcing decisions are alwas important to all the industries.
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