StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Supply Chain - Assignment Example

Cite this document
Summary
Stability in lean manufacturing means the predictability and consistence of the activities that entail the whole process and these are normally referred to as the 4Ms (Materials, Manpower, Methods and Machines). The reason this is a basic requirement is that without these…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Supply Chain
Read Text Preview

Extract of sample "Supply Chain"

Supply Chain Question Stability in lean manufacturing means the predictability and consistence of the activities that entail the whole process and these are normally referred to as the 4Ms (Materials, Manpower, Methods and Machines). The reason this is a basic requirement is that without these requirements, it is not possible to run a production line that will result in the perfect use of resources.Question 2It is important to note that the principles of lean production can also be applied to the service industry due to the fact that the same principles of restructuring operations in a way that will reduce wastages can also be applied in the service industry.

This is due to the fact that all business operations are similar in that they are mostly concerned with the development of a product in the most cost effective way.Question 3Lean is hard to implement due to the simple reason that it is a change process just like any other and therefore employees and other players in the organisation may resist this change as it threatens the status quo. This is the main reason why lean has faced various challenges in implementation.Question 4In a lean system suppliers are important in that they help coordinate the delivery of raw materials and other inputs used in the production process.

Customers on the other hand help the company in terms of suggestions of product enhancement as well as any other improvements that may be needed in order to ensure the success of the product.Question 5It is important to note that the lean philosophy is aimed at the maximisation of both the quality and productivity in order to ensure maximum value to the customer. These two therefore go hand in hand in order to ensure that the production process results in products of highest quality.Question 6The triple bottom line is also known as people planet and profits and is used to explain the fact that businesses are responsible to stakeholders and not shareholders.

In the manufacturing sector, it is used to ensure that companies do not carry out any activities that may pollute the environment. In the service industry, this is used to ensure that any practices do not affect any stakeholders such as the suppliers or customers negatively.Reference Dinero, D., Training within industry: The Foundation of Lean, New York: Productivity Press, 2005.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Supply Chain Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/management/1622105-supply-chain
(Supply Chain Assignment Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/management/1622105-supply-chain.
“Supply Chain Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1622105-supply-chain.
  • Cited: 0 times

CHECK THESE SAMPLES OF Supply Chain

Managing the supply chain

Running Head: Managing Supply Chain Managing Supply Chain Managing Supply Chain One of the most challenging ordeals involved in operating a manufacturing business is managing the Supply Chain and meeting fluctuating demand with matching production schedules.... hellip; For this reason, there are two different methods which Supply Chain managers employ.... These two methods teach very different styles of Supply Chain management, and yet neither of them has lost their value in the field of Supply Chain management due to their unique advantages for different types of goods....
3 Pages (750 words) Essay

Supply chain management

Name: Instructor: Course: Date The Current State of SCM in New Zealand Improved SCM, or Supply Chain management, capability is important for many organizations in New Zealand, which are usually distant from markets, as well as their suppliers, in efforts geared towards taking the upper hand in a business environment, which is increasingly demanding.... hellip; This is caused by the fact that Supply Chain managers in New Zealand and their global counterparts are confronted with pervasive change, growing competition, open market alterations, shorter life cycles, and technological changes (Wisner et al, 20)....
3 Pages (750 words) Essay

Santa Supply Chain Problems

In addition, the Santa Supply Chain faces a serious problem due to the constant change in the customer demands.... The international consultants suggest that the company should apply the Supply Chain management programme.... The benefit of Supply Chain management concept is obtainable when there is the integration of the entities within the organisation, and with the external partners who include suppliers', distributor's, carriers', customers and the consumers (Zigiaris 3)....
7 Pages (1750 words) Term Paper

Supply Chain Logistics

In the paper “Supply Chain Logistics” the author focuses on an incorporated process involving suppliers, manufacturers, distributors, and retailers working together so as to acquire raw materials in order to convert them into finished products and finally distribute them to the retailers.... hellip; The author states that inputs to a Supply Chain are generally raw materials that pass through various processes to become finished products or semi-finished products to be used in the production of other goods....
2 Pages (500 words) Essay

Supply Chain Management

Supply Chain management is the source of competitive edge and its role is bringing products to the market while ensuring that customers are… It brings integration of various processes such as production operations, buying goods and services, transportation and distribution.... A successful Supply Chain management programs ensures these processes are integrated and coordinated into a process that is seamless Supply Chain Management College: May 9 Supply Chain Management Companies around the world have discovered a new source of competitive advantage in terms of competition and reduction of inefficiencies....
2 Pages (500 words) Essay

Supply chain relationship management

The objective of the research paper is reviewing the retail Supply Chain with respect to the current business challenges and trends with focus on small business.... This research paper also discusses the interconnectivity of Supply Chain and retail and the strategies which are… Small businesses form the basis of the thesis along with the analysis of compatibility for such small businesses and Supply Chain. In today's economy retail activities are an important part of progress of an economy....
2 Pages (500 words) Research Proposal

Supply Chain Management of Hsuh Ta Enterprise Co

In this context, it would be really difficult for businesses to survive the stiff market competition unless they maintain highest level Supply Chain… The Hsuh management pays particular attention to its Supply Chain management although the company has limited access to capital resources and the global logistics network. Today companies In addition to customer satisfaction and company success, Supply Chain management can also have a great influence on societal settings such as medical missions, disaster relief operations, and other emergencies and cultural revolution (University Alliance)....
10 Pages (2500 words) Term Paper

Todays Supply Chain

Supply Chain is formed by a system of people; organization, activities resources, and information that are essential in the movement of both products and services form the supplier to the consumer.... In addition, the Supply Chain management should be inclusive of the extent to which there are waste elimination practices and creation of value with the chain supply.... Lastly a good Supply Chain practice should determine the postponement endures so as to minimize on the losses....
5 Pages (1250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us