Launch a supply chain management system

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Reference no: EM133922159

Question: As the Vice President of Supply Chain Operations for JG Enterprises, my main goal is to build a supply chain that is strong, flexible, and sustainable. Recent events around the world have proven that businesses cannot only focus on keeping costs low. To succeed, we must design a supply chain that can quickly adjust to challenges while also supporting long-term growth (Hugos, 2018).

Strategy and Rationale
Our new supply chain strategy will focus on three main areas: (1) using digital tools for better visibility and faster decisions, (2) moving toward greener and more sustainable practices, and (3) working with a wider variety of suppliers to lower risk. Research shows that companies with digital and diverse supply chains were more than twice as likely to succeed during disruptions (McKinsey, 2020). At the same time, customers and investors expect companies to be more environmentally responsible (World Economic Forum, 2021).
Proposed Projects and 12-Month Schedule
To put this strategy into action, I propose the following projects:
Q1-Q2: Digital Supply Chain Upgrades
Launch a supply chain management system that uses data analytics, ERP, and IoT for real-time updates.
Test AI-based demand forecasting to cut down on excess inventory. Get expert-level assignment help in any subject.
Q2-Q3: Supplier Expansion
Add at least three new regional suppliers to reduce the risks of relying on just one source.
Review current suppliers to identify weaknesses.
Q3-Q4: Sustainability Efforts
Begin switching packaging to recyclable or biodegradable materials.
Track and report the company's carbon footprint in logistics and production.
Partner with shipping companies that use low-emission vehicles.
Strategic Alliance with Green Product Manufacturers
I recommend that JG Enterprises partner with manufacturers of green products. Doing so will boost our reputation, attract environmentally conscious customers, and help us meet new regulations. Deloitte (2022) found that companies that include sustainability in their supply chains benefit from stronger customer loyalty and long-term cost savings.

Reference no: EM133922159

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