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

Supply Chain Management (operations management)2 - Assignment Example

Comments (0) Cite this document
Summary
Supply chain management articulates on the management of all activities that take place from the extraction of raw material to the point they are delivered to hands of the end users. Supply chain management plays different professional activities in all sectors of an…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful
Supply Chain Management (operations management)2
Read TextPreview

Extract of sample "Supply Chain Management (operations management)2"

Supply chain Management Introduction Supply chain management articulates on the management of all activities that take place from the extraction of raw material to the point they are delivered to hands of the end users. Supply chain management plays different professional activities in all sectors of an organization. Supply chain management is the most effective tool in an organization as it does not only involve the supply elements alone (Ross, 2006). It stretches to all that information that accompanies the movement of the products to the consumers such as, order status information and payment schedules.
In order to maximize revenue, an organization has to consider the net worth of a product to the customers and what the supply chain tends to accomplish is to get the exact requests of the consumers. Supply chain management is basically concerned with issues of who is involved, cost and service in addition to integration of such kind of services (Jacoby, 2010). Supply chain strategies are directly affected by other chains available within the organizations. This includes an activity that comes up with the introduction of new products to the firm. Supply chain should also be integrated with other goals of the organization like the ones which leads to maximization of profit margin thus giving a lot of returns.
Supply chains needs to be designed to eliminate unnecessary uncertainty and risks at all levels of production. Some of the risks that may come in the course of production include the risks associated with machines, logistics amongst others. Organization can optimize supply chain management to improve results and remove obstacles in several ways such as the global optimization. Having a complex network, the supply chain management have so far been developed to enable integration of products from the point it comes from the supplier to the point delivery is done. A good example is whereby an organization can be able to get a supply and directly deliver it to consumer without having to actually stock it and then goes ahead to make payments through electronic money transfer.
Supply chain is considered dynamic in nature. Customers’ demands and suppliers’ potentiality will always change after sometimes. This will in turn leads to evolution in supply chain relationships. For instance, when a customer potentials increases, this will impact more pressure on the supplier to increase the rate of productivity in quantity and quality.
Organizations should be able to project any risk that might come in the line of production of commodities to the point it get delivered to the consumers. In case of a risk, an organization should be able to counter attack by giving the sufficient securities to avert occurrence of any nature. There should also be a consideration on functionality and delivery process (Koster 2005). This would enable foreseeing the future of the product. Firms should not limit themselves on their current methodologies. Instead, much research should be done on other possible new outcomes. Distribution strategy is another challenge faced by most organizations since firms are often not aware on how to decentralize or centralize their distribution. For such a circumstance, most organizations need to collaborate with allied firms to avoid unhealthy competitiveness.
References
Ross, D. (2006). Competing through supply chain management .Boston: Kluwer Academic Publ.
Jacoby, D. (2010). Guide To Supply Chain Management. London: Profile.
Koster, R. (2005). Supply chain management : European perspectives Copenhagen : Business School Press. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Supply Chain Management (operations management)2 Assignment”, n.d.)
Retrieved from https://studentshare.org/management/1622131-supply-chain-management-operations-management2
(Supply Chain Management (operations management)2 Assignment)
https://studentshare.org/management/1622131-supply-chain-management-operations-management2.
“Supply Chain Management (operations management)2 Assignment”, n.d. https://studentshare.org/management/1622131-supply-chain-management-operations-management2.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Supply Chain Management (operations management)2

Operations And Supply Chain Management

...Operations & Supply Chain Management In the fast-paced world of the twenty-first century, people are hunting for such a place or store where they can shop their everyday needs and requirements such as grocery, clothing, home products and much more. In other words, inhabitants of almost all nations wish to get all of their required stuff from under one place or market only as it is feasible to shop from the only place rather traveling to several places to fulfill their requirements. Therefore, the concepts of the supermarket and departmental stores emerged and arise in order to please and gratify the needs of the customers. Therefore, the hypermarket is one superstore that can come under the definition when the departmental store...
6 Pages(1500 words)Essay

Operations and Supply Chain Management

The report will asses some aspects of operations and supply chain management in terms of strategies to be adopted, supply chain design, supply chain planning, inventory and planning in retail and global operations, procurement management sustainable supply chain, demand forecasting, demand management, and product design supply chain. The paper will also asses some aspects of transport and distribution supply chain management, warehousing and material handling service operations, logistics outsourcing financial considerations, lean manufacturing human aspects of operations and supply chain management, quality management pedagogical issues, and maintenance research methodology in operations and supply chain management. It is worth...
5 Pages(1250 words)Essay

Operations and Supply Chain Management

...? OPERATION AND SUPPLY CHAIN MANAGEMENT By of Institute Executive Summary This report is intended to advise potential investors on manufacturing and service operations attractiveness in Australia. It is based on an assessment done through evaluation of past studies about the nature of Australian market and on policy guideline by the Australian authorities. This report will also consider current Australian market trend against the overall global trend for comparison, analysis and evaluation purposes. Subsequently, this report will provide a recommendation for foreign and Australian investors based on such concrete evaluation of the attractiveness of business environment in Australia. Introduction It has been noted that the role...
10 Pages(2500 words)Essay

Supply Chain Operations Management

...Supply Chain Operations Management Introduction Supply chain operations management is a priority management goal. The research delves on ASDA chicken curry with brown rice meal. The research delves on the supply chain of ASDA. ASDA Company’s fast food entity’s supply chain operations management must ensure delivery of approved ingredients on time. ASDA Plc If ASDA Plc’s head office is strategically situated in Holborn Circus, London (www.ASDA.co.uk). The store was set up during the 1800s. With a tried and true grocery chain experience dating as far back as the United Kingdom’s Victorian age, Sainsbury Plc is another good alternative if both Tesco Plc and ASDA Plc do not deliver quality services and high quality products...
10 Pages(2500 words)Essay

Operations and supply chain management

...?Operations and Supply Chain Management INTRODUCTION The entire concept of Operations and Supply Chain Management (OSM) revolves around the word efficiency. OSM significantly aims at ensuring faster, better and cheaper work procedure which in turn enables an organization operating in any sector to enhance its overall effectiveness. In the area of business, OSM possesses a very significant position. Operations involve generally a process by which a company converts its raw materials with the help of labor and capital into the final finished goods. For example, in an automobile company, raw materials such as mechanicals tools and labors are used for the manufacturing of cars. In a bank, personnel use systems and computers to manage the flow...
4 Pages(1000 words)Research Paper

Supply Chain Operations Management Assignment

...? Supply Chain Operations Management Question 1a When the average production cost of a product goes down as the production volume increases, such factors are known as economies of scale. For example, if it costs $1000 to produce 200 units of a product and $2000 to produce 500 units of the same product, the average cost per units of product falls from $5 per unit to $4 per unit, when the volume is increased. Such economies arise on account of no rise in fixed costs and production increases by a rise in the variable cost alone (The Economist, 2008). Vertical integration can be referred to as the level of ownership a firm associates with the downstream buyers and upstream suppliers. Ownership upstream towards suppliers and subsidiaries...
14 Pages(3500 words)Essay

Operations management: supply chain issues

...Running Head: OPERATIONS MANAGEMENT: SUPPLY CHAIN ISSUES Operations Management: Supply Chain Issues [The [The of the Institution] Operations Management: Supply Chain Issues Introduction In the present planet of inclusive mechanized, it is no longer a producer opposing against other manufacturers. A manufacturer can befall highly proficient within it's possess four walls of industrialized, but that does not guarantee a fine recital in the market or smooth its endurance. It has to guarantee that its suppliers are competent, both in price and in the liberation of mechanism to its logistics providers. It has to make sure that its logistics providers are proficient to preserve the exact level of openness at a spirited cost. It has...
7 Pages(1750 words)Essay

Operations and Supply Chain Management

Chambers recalled that Cisco has used these evolving technologies to its advantage to gain a larger share of the market and prepare a series of products that capture a greater market share.
This type of advancement can be seen in another key industry that is seldom considered for RFID Technological advancements: warehousing. La Scalia et al. (2010) present research that suggests a complex issue with warehousing application that reduces efficiency lies in the Stock Keeping Units. These SKUs have a quantity that is often assumed as opposed to actually quantified which is where RFID technology can be utilized to advance the information systems and present a more accurate stock keeping database and process for greater warehousing...
1 Pages(250 words)Essay

Supply Chain and Operations Management

...Supply Chain and Operations Management Introduction Origin of the Term and Definitions The term "supply chain management" entered the public domain when Keith Oliver, a consultant at Booz Allen Hamilton (now strategy&), used it in an interview for the Financial Times in 1982. The term was slow to take hold. It gained currency in the mid-1990s, when a flurry of articles and books came out on the subject. In the late 1990s it rose to prominence as a management buzzword, and operations managers began to use it in their titles with increasing regularity Commonly accepted definitions of supply chain management include: The management of upstream and downstream value-added flows of materials, final goods, and related information among...
17 Pages(4250 words)Assignment

Total Quality Management of Bank Muscat

I am sincerely indebted to Mr. Majed Ambusaidy, the manager of quality department in Bank Muscat and his assistant, Yasser Al-Raisi, for helping me gather much information for my researching needs.
Any corporation values its customers for they believe that customers are as important as the human capital of the company. Usually, customers dictate the needs and requirements whilst the company develops and provides these needs. In case the customer is not satisfied with the outcome of the product or service rendered, negative implications set in against the enterprise. It may affect not only the customer per se, but it also subjects the entire organization’s reputation at risk. Not to mention the loss incurred as the custo...
72 Pages(18000 words)Case Study

Operations and Supply Chain Management

...Operations and Supply chain Management Executive Summary The analysis of the case study on Don Moos methodology to incorporating effective management to gain a positive return is reviewed. The positioning of the Don Moos ability to identifying how the average hunter is actually outfitted in expectation of killing one hundred wildebeest a day. The enclosed assessment presents how hunters chose to selling each animals hide and meat for two to five dollars, depending upon size and quality. In this retrospect’s, the place of five wagons and twenty-odd horses, Don purchased one wagon, four sound animals for harness and one to ride. Don engaged of an experience skinner that would drive and cook. These strategies decision making, efficiency...
10 Pages(2500 words)Dissertation

Scientific Management and Human Relations Approach

For many years, a huge number of experts (Donnelly, pp. 24-33, 2008) have been trying to define the term management; however, analysis has indicated that management is itself a vast terminology that constitutes various aspects of an organization. For some, management is something that involves people. For some experts, management is an art that includes strokes that incline individuals to perform the required tasks in an efficient manner. Due to such a broad scope of management, until now, one can come across various management theories that propose different and diverse methodologies to manage people in an organization, such as classical theory, neo-classical theory, behavioral management theory, etc. As earlier mentioned, this p...
6 Pages(1500 words)Assignment

Psychology: Stress Management

One member gave me the money. She gave me the proper details too. That day I went through the details. In a vague mood and mind I ‘found’ everything proper. But the next day when I heard that she got transferred to another office my mind was doubtful with the calculations of the previous day. I shouted at her that the records were not clear. She came to me very calmly and told me that she would explain the details. But without a proper reason, I was raging at her. She tried her maximum to explain the details to me. But whatever she said was not convincing to me. The simple arithmetic in the paper was confusing. I could not understand anything. Other members of the staff came to console me but in vain. When my friend, a...
8 Pages(2000 words)Essay

Understanding of Customer Relationship Management Strategies Pursued by Vodafone PLC

With the increased globalization and competition, it has become very difficult to maintain customer loyalty. The same has been experienced by UK mobile service providers. Customer retention is an acute problem for companies. It has been found that the lack of proper customer relationship management is mainly responsible for this global issue. Vodafone Group Plc, UK’s largest telecommunication company has been selected for undertaking the research to determine the root cause of this problem and to investigate other relevant reasons. A report of 2009 published by the company reveals that there are severe problems related to customer retention. It is well known that the mobile phone industry has boomed over the last eight years...
19 Pages(4750 words)Research Proposal

Knowledge Management and the 21st Century Workplace

However, while Taylor talks of knowledge, which centers on the management Bronson perceives that knowledge rests with individuals among the workforce. These two cases have different implications. For instance, when knowledge centers on the employee it becomes tough for the management to keep track of his creativity and optimal use of knowledge. However, this becomes easier when the management possesses the knowledge and hence no single employee can contribute to it or create knowledge. In the latter case, knowledge might exist in the form of databases such that workers can conclude their job effectively. When knowledge centers on an individual, one can hardly make it explicit and the company is overly dependent on its staff. This...
8 Pages(2000 words)Assignment

Operations ManagementLean Manufacturing Implementation

Alternatives -- One option for the team is to funnel the proposed solutions to the benefit of the plant manager (e.g. in gathering collective information about the distributors and the approximate volume they deliver within a certain period to average the production level; sourcing of manufacturing materials; budget spending). Another option is to develop an action plan (Lowson, 2002, p. 303). The action plan includes the problems with the corresponding corrective actions and the people or management directly involved in performing certain tasks.
Evaluation -- The optimal utility and/or flexibility will be important in the evaluation of the alternatives since time is of the essence. The first option will not be very useful no...
6 Pages(1500 words)Assignment

Supply Chain Management at Zara

It can be said to be the process of attaining raw materials, production, storage and supply to the end-users. Every business or company has to employ a good purchasing and supply chain management if it has to succeed in its production. Supply chain management is important to Zara because it helps in recognizing the number of suppliers that can be accessed by the company, their location, the distribution centers, management of inventory and warehousing facilities. It also helps in determining the strategy to be used in the integration of information within the supply chain.

Zara opened its first store in Spain in 1975 and since then its stores gave grown into giants and are distributed all over the world. It holds about...
6 Pages(1500 words)Case Study

Case Management Review

Despite the hip replacement procedure, the patient would still likely experience limited mobility. He would have difficulty moving from one place to another; he would have difficulty sitting up, sitting down, standing, walking, and carrying out his activities due to his physical limitations. He would also have difficulty in going to and from the bathroom, and he would likely need assistance in moving about the residential facility. He would also undergo painful rehabilitation exercises and physical changes in his life.

b. Depression. Having been recently widowed after the death of his wife of more than 50 years, he is also being forced to face the fact that he would spend the twilight years of his life without his wife....
7 Pages(1750 words)Case Study

Management Accounting: Mopani Ltd

The explanation for option 1 is quite simple. She will get a retrenchment compensation of $600,000. She can invest that money in bank deposits for which she can earn a 3% interest per annum which amounts to $18,000 yearly. This interest amount becomes an opportunity cost if she considers taking up the second option as she cannot earn any interest without any deposit. In option 2 - a, she will have to render $500,000 to her current employer. She presently has $50,000 in hand and a property worth $350,000 which she can mortgage for 100% value (assumption). The mortgage interest rate is 6.5% of the property value which amounts to $22,750. She will have to further take a loan of $100,000 at an interest rate of 8% p.a. to gather the to...
6 Pages(1500 words)Assignment

Integrated Strategic Human Resource Management

Organizations these days realize the importance of human capital in organizational success. This transition from personnel management to human resource management is categorized by significant changes in theory and practice. It involves integrating personnel management approaches into the strategic human resource management framework. This approach is deeply rooted in various models and approaches some of which will be discussed in this paper.

With growing pressure global competition along with the increasing number of educated employees who demanded more involvement in the organization, the need for the development of a human resource framework was felt. Scholars at Harvard business school responded by providing a broa...
8 Pages(2000 words)Coursework
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.

Let us find you another Assignment on topic Supply Chain Management (operations management)2 for FREE!

Contact Us