Supply Chain Management
Using your experiences either in the workplace or from your previous
SCM classes write a 2 page paper containing your thoughts,
assessments, recommendations, and positions for each of the
observations. Use external sources to further support your thoughts
and follow APA guidelines.
Observations:
Supply chain strategies cannot be determined in isolation. They are
directly affected by another chain that most organizations have, the
development chain that includes the set of activities associated with
new product introduction. At the same time, supply chain strategies
also should be aligned with the specific goals of the organization,
such as maximizing market share or increasing profit.
It is challenging to design and operate a supply chain so that
total systemwide costs are minimized, and system wide service levels
are maintained. Indeed, it is frequently difficult to operate a single
facility so that costs are minimized and service level is maintained.
The difficulty increases exponentially when an entire system is being
considered. The process of finding the best system wide strategy is
known as global optimization.
Uncertainty and risk are inherent in every supply chain; customer
demand can never be forecast exactly, travel times will never be
certain, and machines and vehicles will break down. Similarly, recent
industry trends, including outsourcing, offshoring, and lean
manufacturing that focus on reducing supply chain costs, significantly
increase the level of risk in the supply chain. Thus, supply chains
need to be designed and managed to eliminate as much uncertainty and
risk as possible as well as deal effectively with the uncertainty and
risk that remain.
…………………….Answer preview……………………..
A supply chain is the process through which goods and services are transmitted from the supplier to the customer within a specified period of time within which the two parties have agreed upon. However this process is not only restricted to the supplier and the consumer but also involves providers of other services……………………….
APA
539 words