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Supply chain management at world co.ltd
Supply chain management at world co.ltd
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4.782 International supply chain management Individual assignment Case study on shiv industries.
Professor: Danny Quik
Student name: raghavendra s Student Id: 20140724 Email Id: raghavendras123clk@gmail.com Number of words: 1690
Shiv organization, a manufacturing plant situated in Raipur makes formed elastic utilized as a part of assembling autos is currently seeing its advantages fall because of expanded competition from worldwide auto producers in India after the opening up of the Indian Economy to the universal players. Despite great vicinity in the car division
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The objective ought to be to have zero inventories as this would be the perfect circumstance for the organization to be in technologies utilized as a part of creation need to be the best to create the best quality products for suppliers. This will enhance proficiency furthermore decrease costs .Proficient methods need to be emulated to oversee costs. Without a moment to spare technique prompts disposal of waste, changeableness and absurd prerequisites on generation …show more content…
The instead shiv could implement two bin system to improve productivity and decrease inventory cost. The domestic/ local suppliers may supply lower cost and reduce transportation time and cost this is called availability of nearest to supply of raw materials, nearest to power supply.
Advantages of local suppliers:
Low labour cost: In shiv company have more labours because labour cost in India is very less so its one of the advantage of shiv company to make use of human resources. At right time at right place
Ware house: shiv company needs to use proper ware house for storing products and better super vision. company needs to use both public ware house and private ware house .its useful for transportation facility. Ware house will come under channel of distribution.
Transportation method is a one of the important advantages to shiv company its successfully used both road transport for delivering products to customers, shipping gods to ware house. Findings amount to be shipped from several points of supply to several points of demand. Solution will minimize total production and shipping costs shiv facing a special class of linear programming
Kuiper Leda lacks an effective Inventory Management to handle properly the increase in demand of stock and production. An inventory management plan would be capable of forecasting errors in production, client-required service levels, total lead time in manufacturing a unit or batch of the product, and demand priorities. Inventory control is a challenge currently because of the size of Midland Motor's order. In order to meet the demand the company needs to increase the inventory which increases the inventory costs. KL have an opportunity of using the Just - In - Time method of inventory control which eliminates waste by making the resources and labor available only in the time and amount required. It will help increase productivity, product quality and work performance while saving inventory costs for the company. (Curtin, 2008). Kuiper Leda also needs to keep in mind that they will still have to fill orders from other clients that have previously placed orders or even new customers.
...pital resources like distribution vehicles and storage warehouses should be outsourced to help reduce the high cost of operation which in turn can lead to reduction of its products price. The company should concentrate on product development and evolution and delegate distribution roles to outsourced firms. Such initiatives have worked well in the new Indian market and should be implemented in other areas.
Hence production units for example the exports that take place in Europe and its Ukraine therefore they have competitive advantage with value into the technology. It gone through the acquisition by natural resource seeking for example Tata Company has invested in coal mines in different country and ownership advantage the company that enables them to successfully acquire established goal companies (KUMAR, 2008).Location advantage of Tata motors has the nature of the product and the services which the company requires to invest In plant or an office (Neelankavil and Rai,2009).In addition the Tata Company has a manufacturing with joint venture and Thornburg automotive gives which them a location advantage again in the south East Asia region. Internationalization advantage of Tata motors will help them in having better control over the manufacturing units as licensing option which are issues related to transfer of technology or technology theft. The advantages of own production for Tata company which they have done is introducing a new car called Nano an ultra low cost car
Ownership and control of production ; vertically integrated manufacturing operation to enable its constant introducing of new items and also ensure short lead time
need to transport goods and services from one place to the other. Some of these products
A manager’s ability to regulate a company’s inventory system is very important to an organization. The Space Age Furniture Company utilizes Materials Requirement Planning as an effective means of improving processes amongst the company. If the company continues to utilize MRP systems, there will be much success in transforming the company’s operational intricacies.
Auto-components are basically parts required for the set-up of an automobile and SME’ in this industry produce a wide range of gears,shafts,couplings,forgings etc.Auto component SME’s are one of the fastest growing within the SME.The industry is highly fragmented & most of these companies are part of the unorganized sector. These production units are important contributors to the production of auto-components and also have a share in the the exports industry. Nevertheless, sustenance and survival still remains an issue for these companies as they will have to absorb the best practices in an industry that is highly competitive.Cost-competitiveness, customer orientation i.e. catering to specific needs of its clients, lead time & most importantly technological upgradation are some of the issues that need to be improved in the case of SME’s in this industry.
The intrebrew’s main operational strategy was to do a cross fertilization of the best performance between the sites. By doing this interbrew can monitor the gap between the best and worst performance. The interbrew employees were put their hard work to improve the process and the result was lower production cost. Interbrew saying that the company improvement comes from the employee motivation and technical performance. A part from that capacity uttilisation and strategic sourcing are the other major areas of opportunity
Captive iron ore supply was stopped due to mine closure in Noamundi, Joda & Khondbond which resulted in reduction of iron ore to huge extent, thus affecting the operation and delay in delivery of products to customers leading to loss of strategic advantage. To solve this problem, TATA Steel is now integrating sourcing , logistics and manufacturing which is going to be exigent job.
Procurement in any type of business is vital because this strategic function does not only improve the organization's profitability, but it also improves the streamline processes of a company, reduce the prices and costs of raw materials, and helps it to identify better sources of supply. On the other hand, the supply chain management helps a company to optimize its operations so that speed and efficiency are both maximized. For customers, speed is important because they value fast service. However, increasing speed would cause a company too much. Thus, maximizing efficiency is essential. For the purposes of this paper, the chosen area of expenditure are the products produced and manufactured
The business environment is increasingly becoming competitive and challenging. In the recent past, manufacturers have found themselves facing the threat of dwindling profit margins due to unfortunate global events such as the 2007 global financial crisis and the on going Europe economic crisis. The need to improve operation efficiency so as to ensure current and future investment yield the highest rate of return has therefore become extremely important. Manufacturers are now actively engaged in, managing their costs, Research and Development, adopting best procurement strategies, among other Actions. While such actions might eventually lead to positive results, additional business value can be achieved through proper management of the supply chain (Waymer, Ivanaj & Mussa 2009; Krivda 2004).
Operations – To work out the right layout and work flow process in the company. The manpower resource allocation is also critical in the situation on the right balance of resource to handle the production. If possible, adopt a hybrid model to handle the flexibility in the product nature, make both the production line being able to configure standard and customized so to reduce setup and changeover time and cope with the demands.
Local Inventory. Another approach is to have all inventory available at the store at all times. This allows for the centralization of cooking capacity. The main risk is obsolete inventory and the need for extra space.
This situation means that the delivery system should get to provide a smooth flow of material among serus for the raw material and finished product. For the products that composed of many modules, different module must be processed in separate serus, and then assembled in a final assembly seru. In this situation, the delivery system of the internal linked of the seru production system is especially obvious needed. When make a well delivery system, the seru production system can achieve high performance. When want to determining the materials delivery plan, there are several comprehensive factors that including delivery time, delivery method, delivery route, delivery batch, and delivery frequency should be considered in an integrated
Outsourcing is the final option for logistics management. When this happens, transportation firms concentrate on logistics, and the company can concentrate on it’s production. There are many cost savings using this type of program, however that lack of control can negatively effect many companies.