As competition in the aviation markets continues to intensify, most of the companies present are trying to ensure that the development of most of their products changes considerably. Companies are now outsourcing some of the basic operations of their companies to focus on other…
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The Boeing 787, a revolutionary aircraft, is a product of such operations as the Boeing Company decided to increase their value by creating the Dreamliner to counter some of the cost-reducing airline companies (Crown, 2008). However, the 787 Dreamliner has been marred with problems, and engineers believe that these problems emanate from their outsourcing operations. This paper will examine the failure of the supply chain of the 787 Dreamliner, and find out what was done to avert the complete collapse of the Dreamliner’s rise.
Increase in competition among the airline companies present has forced companies to look for alternative means to increase their revenue. The Boeing Company is no exception. Upon realization that it would be harder to maintain its top position in the aviation industry, the company chose between two strategies that would ensure its survival and growth in the market. Between reducing the cost and selling price of their aircraft and developing a new one in order to increase its revenue through value creation in the airline industry, Boeing chose to go with the latter. Through the Boeing 787 Dreamliner, the company would be in a position to give their customers a travel experience unlike any other. Its design was meant to ensure that long-haul flights were possible without the layovers that usually characterize such flights (Norris et al., 2005). This would have been perfect for their international customers.
Furthermore, operational efficiency would ensure that passengers would be provided with nonstop economical flights in between cities, which would ensure low costs, and an increase in customer demand. As the benefits of the Dreamliner became evident, the unexpected number of orders from the airline industry took the company by surprise. As a global aircraft manufacturer, Boeing did not want to disappoint. In late 2007, however, the company decided to announce delays in the development of the Dreamliner. The news was received
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The author states that a business strategy includes several organizational functioning strategies, such as supply chain management strategy, production strategy, marketing strategy, human resource management strategy and financial strategy. These all are equally important for an organization to achieve significant business growth rate.
Walmart is one of the companies that have gained competitive advantage by using procurement strategies. Procurement in a large company can be very cost consuming and complex. This causes some companies like Walmart to outsource procurement instead of development world-class procurement capabilities of their own.
On the other hand, it is obvious that competent management involves proper planning. In effect, supply chain planning should constitute forecasting, efficient discovery and prioritizing of all essential sources of supply and add value to the product along the supply chain.
Research and practice shows that connecting and informing on supply chain, its management and the distribution of characteristics that dictate management of corporate organizations have greatly contributed to the integration of supply chain and its management.
Stock maintenance should be ensured through material flows. Zara, a Spanish clothing outlet, follows automated routing systems for transporting electronically tagged clothes to correct loading bays in its logistics locations. This electronic procedure assists in minimising shrinkage levels with 98.9% accuracy in distribution.
Based on this a list can be shortlisted for the most probable suplikers to the bank paper needs. Thirdly, the project manager is required to collect all the data about the inventories and logistics of paper for the bank requirements. Assessing the past performance and requirements, he is required to use to techniques to improve the inventories and logistics of this particular resource required After this, the negotiation and the final selection of the paper supplier can be done in unison with the management meetings and discussions based on supplier past performances.
Activities involved in supply chain management range from product development, logistics, production, sourcing to information systems used for coordination purposes. All firms that contribute to the delivery of commodities or services to clients or end users they are all referred to as the supply chain.
ver, it has been observed that in order to achieve success, companies need to integrate their available resources and networks effectively to ensure optimum success. This process of management that a company follows is termed as supply chain management. A supply chain is a
At the same time, organizations are becoming responsible for their partners and suppliers’ social and economic performance due to the increased demands as well as strong economic performance. These pressures are coming from a number of sources, which include the community, employees, governments, and socially aware organizations.
To remain competitive, these underlying ought to reduce operating cost whilst continuously advancing customer service. With the underlying progresses within communications coupled with information technology and a speedily developing selection of logistics alternatives, firms possess an opportunity to lessen operating costs by synchronizing the planning of the prevailing stages.
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