Supply chain management

Module 3: Forecasting and Contracts

In this module, players choose which contracts to pursue, and optimize their receiving, production, and shipping departments accordingly. (20 Turns).

To gain access to this module, please select the URL posted by your faculty. From that point follow the instructions in the simulation.

Both the operations manager and the warehouse manager have been impressed with your argument in making a case of supply chain management and quality management within the company. The operations manager in your department wants you to conduct a formal presentation to him and the rest of the floor staff to highlight the benefits of supply chain management. He has over 30 years of operational management experience with the company, and he is skeptical of any change. He has never used any type of supply chain management techniques or tools, but found your discussion on supply chain interesting. He would also like you to provide a recommendation on how to improve the current forecasting process and management of contracts for your company. This is your opportunity to really pitch the advantages of implementing supply chain management and for improving the current forecasting and contractual processes within your company.

Develop a compelling presentation to the operations manager that will explore the benefits of implementing supply chain management on his floor. Be sure to include what you learned from the game module.

Use the following format:

10–12 slides

Eye-catching graphics, clip art, charts, and models

A minimum of 100–200 words of speaker’s notes per slide

APA, 6th edition format for all citations and references

Content should include the following:

Create 2–3 slides covering basic terms, concepts, and principles of supply chain management.

Create 1–2 slides providing examples of supply chain tools and techniques and explanations of how they are used.

Cite and explain 2 examples of how supply chain management has helped a company to improve efficiency and effectiveness.

Create 1 slide to explain the difference between market-based and resource-based approaches to strategies.

Create 1–2 slides providing strategies to implement prospective work orders and bids.

Create 1 slide explaining the importance of forecasting demand.

Create 1 slide explaining how to identify customer needs and how to satisfy them.

Create 1 slide explaining how to recognize an organization’s competencies and capabilities.

Citations and references must be given for all content sources.

Note: The game module must be played and completed to complete the full IP assignment.

………………………Answer preview………………………..

Supply chain management is a practice of monitoring the flow of goods, information and finances from suppliers to producers to wholesalers to retailers and final consumers (Weele, 2010).

The fundamental concept of supply chain management is to avail consumer products when a need arises. It focuses on minimizing inventory costs……………………

12 slides