What is meant by the term alignment in relation to supply chain processes? Why is alignment important in setting a strategy for a given supply chain?
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- What is meant by the term alignment in relation to supply chain processes? Why is alignment important in setting a strategy for a given supply chain?
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- Describe how core capabilities in a particular type of supply chain configuration affect corporate diversification strategies.One of the best known examples of how an organization can use its supply chain to achieve a competitive advantage is the Benetton Group. Founded by the Benetton family in the 1960s, the company is now one of the largest garment retailers, with stores which bear its name located in almost all parts of the world. Part of the reason for its success has been the way it has organized both the supply side and the demand side of its supply chain. Although Benetton does manufacture much of its production itself, on its supply side the company relies heavily on ‘contractors’. Contractors are companies (many of which are owned, or part-owned, by Benetton employees) that provide services to the Benetton factories by knitting and assembling Benetton’s garments. These contractors, in turn, use the services of sub-contractors to perform some of the manufacturing tasks. Benetton’s manufacturing operations gain two advantages from this. First, its production costs for woollen items are significantly…Does it make sense for a company's supply chain that may benefit from vertical integration and become its own supply chain in light of the difficulties and dangers involved ?
- Explain the essential capacities (a special combination of systems, assets and tools) are required for each form of supply chain strategy to meet the respective strategic objectives.How do you plan a supply chain that better fits the requirements of an organisation?Q)Arslan is an exporter and producer of cutlery products. For the last few years, he is facing problems in his business. After a detailed investigation, he realized that he has severe problems in his organizational supply chain management system. One of the major problems identified is that he can’t measure the supply chain management system's performance properly. He wants to improve the supply chain management system and want to develop an effective model to measure the performance supply chain management system. Being an expert in the supply chain suggests a standardized modelto measure the performance properly.
- In order to establish what measures are needed to maintain an existing supply chain, what are the procedures?Suppose you are the Operations Manager of Incepta Pharmaceuticals Ltd. For Sourcing the Goods and Services from outside, you have to depend on the supply chain strategies like Negotiating with many suppliers, long term partnering with few Suppliers, Keiretsu and Vertical Integration. Explain under what condition you will choose which types of supply chain strategies (i.e. Many suppliers, Few Suppliers, Keiretsu and Vertical Integration)Which of the seven principles of SCM is most critical to the success of supply chains in the future?
- Supply chain partner – a global networkCoca-Cola is a global company that operates at a local level. This means that there are currently around 225 bottling partners worldwide. The supply chain begins with the procurement of raw materials, which in the case of Coca-Cola also includes agricultural products (e.g. sugar cane or fruit) and water. The most important ingredients such as water and sugar are sourced locally, with the partners being able to choose only the type of sugar used. In Europe, mainly beet sugar is used, in Asia cane sugar and in America sugar from corn syrup. One of the first steps in Coca-Cola’s supply chain is the production of the concentrate, which is mixed with water, sugar and carbon dioxide by the bottling plants. The concentrate itself is produced at other plants. According to legend, the secretrecipe is kept in a safe in Atlanta. The legend also states that never more than two people should have access to it and know the exact recipe. After mixing, the…Discuss what are the choices there for designing a supply chain that better suits the needs of an organisation/firms?a logistics and supply chain management student you have completed key aspects of the discipline throughout your qualification, namely sustainable supply chain management, warehouse management, purchasing management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • The role of supply chain management as a critical component of management. • Your opinion of supply chain management in creating a competitive advantage for an organisation. • Your experience of learning the discipline of supply chain management. • What were your challenges and difficulties when engaging with supply chain management related content? • Which component within the supply chain discipline you enjoyed learning about the most and could this be a potential career path? Why or why not?