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Essay Advantages and disadvantages of supply chains
Essay Advantages and disadvantages of supply chains
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Generally, as figure 1 shown that the Strengths for this supply chain is good for short run production and hard make mistake. It could avoid the lack of materials and make materials mixed together. However, the Weaknesses for this supply chain is complex which are much labor spending and low work efficiency, especially that new staff needs spending long time to adapt to the job. Certainly, X1 also knows the disadvantages for their supply chain and makes some special change for the disadvantages and reduces those problems effectively. Therefore, this is their Opportunities for supply chain to become better than before. The main Threats by supply chain from X1 during these years are summarized as below. 1. Risk of supplier finance. It mainly refers to that a supplier goes bankrupt or closes its production lines due to bad financial conditions. 2. Risk of regional calamity. Calamities in an area cause supply failure, such as volcanic eruption in Iceland, Europe, and earthquakes in Japan, etc. Natural hazards happen rarely but cause immense damages. 3. Risk of supplier quit. It mains...
On many occasions, Apple Inc. has been voted to boast the most efficient supply chain in the world. By leveraging wealth and pure business strength, Apple has been able to construct a supply chain that is both efficient and highly profitable. While much of this supply chain construction has come from great investing and business decisions by Steve Jobs and Tim Cook, it has come at the cost of many factory workers’ well being overseas. Overall, the construction of the highly organized supply chain has given Apple a competitive advantage over the rest of the market.
The main problem that Excel is confronted with is should the company try to expand into supply chain planning. The main question on the table is does Excel have the ability to complete the entire task in a supply chain from planning to execution? As is, Excel is the largest provider of freight management and contract logistics, and has four teams to accomplish everything they provide. Their four teams include: business development, solutions design, implementation, and operations. With Excel’s great success and achievements in all their past contracts, the company would like to expand into supply chain planning with the help of Haus Mart since they have be in a long standing relationship and already know Haus Mart’s supply chain.
Lin, Yong and Li Zhou. "The Impacts of Product Design Changes On Supply Chain Risk: A
the inherent supply chain in this industry, which is done through encouraging the collaboration of all these elements in a given project. Some of the unique barriers in the process have been discussed below-
Understanding the changes in the market and the growth of e-commerce prompted the organization to invest heavily in its supply chain management forecasting and management system. The development of a network of distribution centers and Direct Fulfillment Centers to position the company to capitalize on the growing e-commerce market indicate a strong understanding of the need to adapt to changing market forces. The company spent over $300 million on new distribution center facilities in 2014 alone, and continues to expand to maintain efficiency in product movement (Cassidy,
MGMT 444– Principles of Supply Chain Mgt Assignment 2.2 - Discussion Questions Jose (Joey) Santiago Embry Riddle Aeronautical University Why should an organization be concerned with supplier relationships? Organizations should be over concerned with supplier relationships because the right suppliers can provide longevity as well as financial gains. Suppliers provide several benefits and some examples are better product quality, a seamless flow of information and smooth transactions in the supply chain management process. This relationship gives a company a competitive advantage when maintaining current contracts as well as future business.
This threat is especially high when The buying industry has a higher profitability than the supplying industry. Forward integration provides economies of scale for the supplier. The buying industry hinders the supplying industry in their development (e.g. reluctance to accept new releases of products). The buying industry has low barriers to entry. In such situations, the buying industry often faces high pressure on margins from their suppliers.
Risk can be defined as “potential disturbances with their negative consequences”. Sharma & Bhat (2011). The objective of this assignment is to examine Mattel’s Toy recalls. In doing so a risk assessment of Mattel’s supply chain practises before the recall will be formed, the actions taken by all parties involved in the production of those toys that were recalled will be examined, the recalls impact on Mattel will be examined, the transparency and accountability of global supply chains will be identified, and Mattel’s current supply chain will be assessed to identify whether they now effectively managing risk.
• major default by the supplier; this may include breaches, technical inability,capacity, and so on
Supply chain forces, the shortage of raw materials because of the limited suppliers and an increasing demand. It led to the necessity to build a strong relationship with suppliers in order to maintain a continuity of raw materials, for example make a purchase agreement to guarantee the availability of raw material in certain price over the length of the contract.
Supply Chain Risk Management in Healthcare: Being from a Healthcare background, I want to explore, how the supply chain leaders are currently facing the challenges in healthcare in the real world with the Supply Chain Risk Management System. How in healthcare Supply Chain Risk Management Plays a key role in Decision Making: Here, I have been broadly focused in Healthcare. How the supply chain generally refers to the resources needed to deliver goods or services to a consumer. In healthcare, managing the supply chain is typically a very complex and fragmented process.
The difference between a product being a success or a failure can come down to how quickly a team can communicate and correct problems. There are strategies that can centralize a lot of supply chain decisions to maximize efficiency and minimize problems as well as down time. According to kinaxis the strategy that is taking over the industry is called supply chain control towers. What these actually do is combine technology, people, and a centralizing process to achieve a more reactive supply chain. When a problem comes apparent, a supply chain control tower will fast track the solution. The supply chain control tower will be able to use all of its assets and delegate the information to relevant personnel extremely quickly. If a company doesn’t use a supply chain control tower, the information will get out at a snail pace if it even gets there. Without a supply chain control tower, no one really knows all of the elements that are affected by a problem. Only a central supply chain control tower will know how to connect the moving parts and fast track the correction
First of all and the most important element of the effective supply chain is information technology. High information technology effic...
Natural Hazards and the Interaction of Physical and Human Processes The earth has been producing hazards for millennia these include earthquakes and volcanoes caused by the movement of tectonic plates, and also wind and water elated disasters such as tornadoes and tsunamis, these can be varied by a countries location such as suffering drought due to be land locked or an island, also the relief on the land can contribute greatly to the hazards it faces.. All of these cause great destruction and can involves lots of energy, these events do not become disasters unless there are human factors involved, when people live on a fault line they are risking suffering from an earthquake, this combination of physical and human processes can lead to large losses not only in lives but also monetary due to lost land, employment and homes. The problems associated with a hazard may be short lived on continue for decades, drought can effect a region for over 5 years, but the loss of farm land due to volcanic eruption can result in a permanent loss of foodstuffs and thus malnutrition. Providing adequate preparation and protection from a p[physical hazard can mean that the risk is greatly reduced, earthquakes in the Sahara dessert affect nobody, since no one lives there, similarly if a earthquake is expected in Hawaii, the islands can be evacuated and the risk is lessened. Similarly the location of the hazard can also mean large differences in lives lost, if the hazard hits a MEDC which is prepared many buildings will survive and will those living their, if the same hazard hit a LEDC it could cause great atrocity as many homes will no be strong enough to... ...
19. Sodhi, Sunil Chopra and ManMohan S. Managing Risk to Avoid Supply Chain Breakdown. MITSloan Management Review. [Online] October 15, 2004. [Cited: February 25, 2010.] http://sloanreview.mit.edu/the-magazine/articles/2004/fall/46109/managing-risk-to-avoid-supplychain-breakdown/.