>> Supply Chain Management
"Supply Chains are only of any interest to customers when they go wrong. Therefore, Supply Chain Resilience is considered as a very important factor in modern Supply Chains"
The above statement is shown to be true in numerous occasions in the past. Examples include the "Horsemeat Scandal" in processed meat products, "100's of garment workers crushed to death" in an arguably avoidable factory collapse in Bangladesh, or other "Supply Chain Scandals" in Asia that have affected McDonald's, Burger King and Starbucks. These scandals (specifically in branded products)have caused significant reputational and financial damage (as well as loss of human life) to different types ofindustries.
By taking as an example a Supply Chain that you are familiar with, identify and discuss in detail ONE ONLY important obstacle (such as Demand Forecasting, Inventory Management, Bullwhip Effect, Traceability etc.) that must be overcome to manage that Supply Chain successfully (100% of the assignment grade).
Typical examples of Supply Chains may include: production of fresh milk, automobile manufacturing, outpatient appointments or accident and emergency departments in public hospitals, banking services, supermarkets, the garment industry, pharmaceutical products, food supply chains etc.
RELEVANCE TO LEARNING OUTCOMES:
• Analyse and critically evaluate the ways in which supply chains are adapted in view of specific market dynamics and environments.
• Demonstrate an understanding of the importance of global lead-time management and time-compression.
• Critically analyse the theory, concepts and models of global supply chain management to interpret and understand complex and ambiguous risks in global logistics and supply chain environments.
• Locate, summarise and synthesise a range of information from published literature and electronic sources on GSCM.
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Executive Summary 3
Issues in increasingly complex environment 5-7
Solutions for Potential Unexpected Disruptions 7-8
Ethical Supply Chain Management 8-9
Supply Chain Example 9-12
Supply chain management is considered as a major concern by many of the companies to integrate relationship between the suppliers and customers. It is regarded as a competitive strategy to remove uncertainty in business. The most important ways for the company to understand logistical practices and strategies. It is fundamental change that is required in companies to be competitive in industry.
This research has been done on a belief to understand logistical functional capabilities of company. The main objective of this project to see different types of obstacles in supply chain management. Further to see implementation of strategies to overcome that strategies. To create an opportunity for the companies to successfully participate in supply chain management. To critically determine the logistical capabilities of the company. This is done by reading expert’s opinion and journal articles. Although supply chain management is for all types of companies. But main focus of the paper will be on improving inventory management. For this manufacturing companies operations is to be seen. (Christy Geiger, Marchy 1997)