Importance of global lead-time management

Assignment Help Supply Chain Management
Reference no: EM131150889 , Length:

Module Global 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.

Some of the data for this assignment may be ‘live'; for instance the horsemeat scandal was reported extensively in the newspapers, on the media and other company accounts. You should use these sources for information on what may go wrong within your chosen Supply Chain. Material for most Supply Chains is easily available and is included in books and articles. Theory of supply chain strategies, relationships and response to breakdown is to be found in textbooks and peer review journal articles.

RELEVANCE TO LEARNING- 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. OUTCOMES:

- 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.

Verified Expert

In this assignment, a critical analysis is conducted for the issue of demand forecasting in the pharmaceutical industry. Each aspect related to demand forecasting as an obstacle has been discussed related to pharma products and an approach to fix this obstacle that is neuro fuzzy approach has been provided. The requirements from this perspective have been met with. An appropriate structure is followed for the research with an appropriate executive summary, introduction, body and conclusion with a proper cover page and table of contents. Harvard style of referencing is followed and In text referencing appropriately has been done in the entire paper.

Reference no: EM131150889

Questions Cloud

Identify which theory you relate to most and explain why : Compare person-centered theory with Maslow's hierarchy of needs. Use Maslow's hierarchy of needs to discuss the extent to which growth needs influence personality formation.
Determining the meaning of medical terms : Discuss word root, prefix, suffix and combining form in relation to determining the meaning of medical terms.
Summarize the other main points : Identify the source (writer and title of essay) and state his or her most important point in your own words. Summarize the other main points and their supporting details in separate paragraphs. Discuss the (1) writer's purpose, (2) genre, (3) audienc..
Explain the ethical issues related to the supervisor : Examine the ACA's ethical guidelines related to the issue of supervision in Section F and answer the following questions: Explain the ethical issues related to the supervisor.
Importance of global lead-time management : Analyse and critically evaluate the ways in which supply chains are adapted in view of specific market dynamics and environments and demonstrate an understanding of the importance of global lead-time management and time-compression.
What is the advantage of the gram stain over a simple stain : What is the function of the iodine solution in the Gram stain? If it were omitted, how would staining results be affected?
Describe the responsibilities of a counseling supervisor : Explain how the social situation with Travon and Elliot could impact the work environment. Develop a policy that you would implement to minimize ethical concerns related to social activities between colleagues while supporting collegial relationsh..
Construct a trial balance from the cost of balances : Construct a trial balance from the cost of balances. Distinguish between capital expenditure and revenue expenditure. Explain 5 would be users of accounting information.
Advantage of corporations relative to partnerships : Which of the following is an advantage of corporations relative to partnerships and sole proprietorships

Reviews

gib1150889

8/28/2016 1:00:01 AM

"This is for a Master Degree. can you just tell me what do you mean by "AGV"???? hope that the job you did will give a good feedback"

Write a Review

Supply Chain Management Questions & Answers

  Critically analyse the key strategic issues

Identify a potential target market for BNP Paribas' retail banking'sfuture international expansion strategy. (This means that you must notchoose a market already served by BNP Paribas' retail banking; doing so will result in failing this assignmen..

  Major factor influencing ict adoption

Which are the security development activities that you would recommend for e-procurement or computer-based contract so that both parties, buyer and seller, feel more secure in the contract/procurement processes?

  Does the cost analysis support insourcing pump assembly

The variable costs per unit to assemble the pump are $25/unit. The pumps can be purchased for $30/unit. Does the cost analysis support insourcing or outsourcing pump assembly?

  How will this affect the southeastern location

Based on the available information, is Atlanta the best location for a distribution center to serve the southeastern region? If not, what would you recommend - The Fireside transportation department projects a 25 percent rate increase in 2013 from..

  Why is trust so important in supply chain

Why is trust so important in supply chain? And also, why is trust so hard to gain back once it is lost? What do you think about those two statements?

  Firms that enter into a joint venture avoid reach of section

Read American Needle, Inc. v. National Football League ... Brief the facts of the case and answer questions ... 1. Do firms that enter into a joint venture avoid the reach of Section 1 of the Sherman Act? 2. Do you think there was any unethical condu..

  Create an overall operation and supply chain plan of project

You will be creating an overall operations and supply chain plan (6 months to 2 years- short and medium term) based on a product that received funding by one (or more) of the "sharks" in the hit reality show Shark Tanks

  How can an organization manage its supplier effectively

Why should an organization be concerned with supplier relationships and how can an organization manage its supplier effectively?

  The definitive guide to warehousing

Develop a Statement of Work (SOW) for a project of your choice which includes all of the components described on page 80 in The Definitive Guide to Warehousing text book

  Social roles in the health care

How can socialisation and role theory be applied to relationships in health care between patients/clients and health care workers? firstly describe the key principles of the theory and then give examples of its application in the caring profession..

  Concept of marketing mix

Discuss in details the concept of marketing mix and how it can be applied to a company.

  Security consultant at small-growing landscaping business

You have been hired as an IT security consultant at a small but growing landscaping business in Storrs. As a first step you want to educate the owner on what the following mean, what they are used for and why it is important for his busine

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd