Preview

Supply Chain Management Case Study: Griggs Sporting Goods

Satisfactory Essays
Open Document
Open Document
475 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Supply Chain Management Case Study: Griggs Sporting Goods
Furthermore, the first section I evaluated was sales. In 2014, Griggs Sporting Goods had only 590 stores and generated $25.7 million in revenues. After analyzing and reviewing the performance on all the stores, I recommend that the company launch new stores and reposition some existing stores. Subsequently, in 2015 the company introduced e-commerce website, remolded five stores, and repositioned three stores. This led to net sales to increase 5% to $27 million primarily driven by the increase in consolidated same store sales and the evolution of the new store network.
Moreover, the company purchased merchandise from around 1,500 vendors during fiscal year 2014. In this time-frame, I noticed that prices fluctuated for the same quantity and individual items that were ordered from the various suppliers, which in return costed the organization a lot of money. Also, inventory management metrics help measure the vendor’s inbound lead time from the date the order shipped until when goods are unloaded at one of our distribution centers. These
…show more content…
This program was put in place to connect with online users, improve inventory utilization, and to increase the speed of products that are shipped directly to customers. As the logistic coordinator, I enhanced the supply chain and distribution capabilities by installing an end-to-end supply chain management suite of software applications from Oracle. The software is linked to all of distribution centers to better manage and control the flow of inventory that is directly shipped to the retail stores. Also, the technological software tracks domestic and international freight and ensures that merchandise that is brought in is sorted and distributed within 48 hours. More importantly, this system accounts that no inventory sis stored at our distribution centers and it allows customers to purchase items online and pick them in store the next

You May Also Find These Documents Helpful

  • Powerful Essays

    The purpose of this group assignment is to collaborate as a team to compare different inventory systems and describe the advantage and disadvantages of each system in comparison to the others. Management of inventory is important to any business that wants to succeed. Companies purchase inventory systems to help manage the inventory of an organization. Team A reviewed the following companies and their inventory management programs: Best Buy, , and . This Inventory System Summary includes a description of the chosen companies and their inventory systems, and a comparison describing the advantages and disadvantages of each system. Best Buy…

    • 2054 Words
    • 59 Pages
    Powerful Essays
  • Good Essays

    Supply chain management systems are designed to take care of the logistics end of the product distribution cycle—i.e., making sure that the order from the retailer for 500 gizmos arrives at the retailer in time for the weekend sale. Getting the information from the supply chain system back to headquarters—and into the production system, marketing database and accounting systems, just to name a few—is crucial to better decision-making and to providing a more accurate picture of the supply chain (Zimmerman, 2003, 1).…

    • 791 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The global sourcing arrangement between Code C and Eastern Waves is extremely complicated from a quantitative and qualitative viewpoint. The total cost of sourcing is perhaps the most important variable. For instance, the associated qualitative risk profiles were (1) the impact of national interest and (2) the political conditions in Malaysia. The quantitative costs were (1) direct labor costs, (2) materials shortages and (3) indirect governmental costs. Moreover, the general uncertainty associated with Malaysian governmental business practices makes this sourcing deal a risky proposition.…

    • 934 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    Supply Chain Management (SCM) is a systematic integration of suppliers, Original Equipment Manufacturer (OEM), distributors and customers in order to produce and distribute the right quantities, to the right time, and at the cheaper cost, while satisfying the entire supply chain partners (Balsubramanium & Roosebelt). In simple words, it is a process of moving goods from manufacturers to a consumer. Today successful companies, uses softwares or web based application service provider (ASPs) to provide them a better supply chain solutions. Technology has been the life and blood in all the fields since many years but in supply chain, it is playing an extraordinary role. Not only by cutting the cost, enhancing efficiency and optimizing the entire supply chain network, Technology is also playing its role in satisfying the customer demand and thereby maximizing the revenues for the company.…

    • 1578 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Reputable software vendors fill the supply chain management software market, ready to sell COTS supply chain management solutions to retailers and manufacturers. Despite the availability of solutions, L.L.Bean decided to build a custom solution. The reason being, L.L.Bean regards its supply chain as a differentiator, as it offers them a competitive advantage over rivals in their efforts to provide the best possible customer experience. Their decision is paying off for the company, which is recognized worldwide as a leader in direct selling, internet fulfillment, and customer service.…

    • 468 Words
    • 2 Pages
    Good Essays
  • Good Essays

    A commonly faced problem in companies is that managers of manufacturing or distribution organizations, doesn’t know which will be the adequate quantity of inventory to have in stock. Many people would think that the more stock a company has is the best. It is true that having a large amount of inventory will help customers to make faster and immediate purchases, shipments will be done quicker, and will prevent the company of being out of stock of certain product and causing some opportunity cost with the customers; it is important to notice that the stocking of products is very expensive. Some companies, such as Wal-Mart or Dell Computers, handle an efficient managing of inventory that has developed their competitive advantage. Wal-Mart helps it suppliers by having the right quantity of their products in the shelves, so that will minimize the inventory accumulation of the merchandise. In the case of Dell, instead of having lots of computers stored in warehouses, waiting to be sold, the company minimizes this cost by building a computer right after an order is placed.[1] They keep at hand many computer components to make this possible, as they have a policy of five-day delivery.…

    • 1109 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Mis - Walmart

    • 3590 Words
    • 15 Pages

    In the world of retailing, Wal-Mart has what is considered to be the most sophisticated distribution system called Retail Link. This system connects each store with headquarters and over 2,000 suppliers so that they will never run out of or have too much inventory. Wal-Mart turns over their inventory more than any other retail store. The current challenge exists…

    • 3590 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    Welcome to The Presentation Program of Supply Chain Management Presented by Vanguards Name of The Group Members Serial Member’s Name No. 1 2 3 4 5 6 7 8 9 10 ID No. Mohammad Azam Saba Zarifa Nowshin Somiron Haldar Tanzila Tahrin Nurry Jannat 114867 Halima Kader Sonia Misbah Uddin Sadi Rinku Biswas Sazzad Hossain Sandip Sarker 114941 114877 114909 114911 114917 114943 114945 114947 114951 Saba Zarifa…

    • 1692 Words
    • 17 Pages
    Satisfactory Essays
  • Powerful Essays

    Dhl Information System

    • 1819 Words
    • 8 Pages

    CHALLENGE Legacy applications lacked the ability to scale to support business growth, and adding new features was timeconsuming and expensive. SOLUTION The Progress OpenEdge®-based Warehouse Management System (WMS) from Progress® partner WICS. WHY PROGRESS® SOFTWARE DHL selected Progress because it wanted an open systems environment that would be economical to manage while providing the ability to both easily build its own applications and select best-of-breed applications from Progress Partners. BENEFIT In the first few months of deployment, DHL improved its receiving operations by nearly 25%, improved stock picking accuracy, and now has an estimated accuracy of 99.7%. Based in the Netherlands, DHL Special Services provides distribution services of pharmaceutical and veterinary goods throughout Belgium, the Netherlands, and Luxembourg. Some customers utilize the distribution division of the company, and others also outsource logistics to DHL Special Services and utilize its warehousing services. These customers outsource the logistics of their supply chain to DHL Special Services, which warehouses and stocks inventory and distributes it overnight to fulfill customer orders. This business is information intensive. Since DHL Special Services ships drugs and other regulated goods, information must be carefully tracked on each lot. While some lots must be stored in refrigerated compartments, others must be stored in secure areas. The strategic use of information technology is essential in this market, since DHL Special Services not only has to continuously improve its own business efficiency, but it also has to provide updated information to its customers and ensure that drugs and other regulated shipments are managed in compliance with government regulations. The company originally managed logistics using…

    • 1819 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    According to Thomas M. McHugh (2011) computerized inventory management systems provide many benefits that are hard to obtain using paper methods or an in-house spreadsheet. Systems that are specific to the lab can be used relatively quickly without a significant learning curve or system customization. The ability to analyze the inventory, item usage, purchasing history, and other areas (e.g., lot numbers, equipment) are important improvements to spreadsheets and paper systems. If the system includes equipment tracking, it can be used to determine the capital asset as well as track the service history and lifespan of equipment. The ability to streamline and automate many of the inventory control tasks will be increasingly important to reduce hands-on time while improving the analysis of trends, reducing stock-outs, and avoiding expiring reagents. The ability to ensure that the right reagent in the right quantity is present at the right time is critical to laboratory operations. Given that reagents are approximately one-half of most labs' operating budgets, a continued focus on this expense will assist the laboratory in continuing to provide accurate and timely laboratory testing at the lowest cost.…

    • 939 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Specific Objectives

    • 546 Words
    • 3 Pages

    We’ve decided to provide a LAN-Based Sales and Inventory System to improve their transaction procedures faster and easier, and to monitor their inventory and sales regularly, These include valuing the inventory, measuring the change in inventory and planning for future inventory levels. It also includes monitoring of critical levels to avoid either having too much or too little inventory on hand. It will also monitor returned goods by the customer. Measuring the change in inventory allows the company to determine the cost of inventory sold during the period. The system will also include updating of supplier, inventory, and sales records, like adding, deleting, and editing. It will automatically compute and record the daily, weekly, monthly and the annual…

    • 546 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In today's business environment, even small and mid-sized businesses have come to rely on computerized inventory management systems. Certainly, there are plenty of small retail outlets, manufacturers, and other businesses that continue to rely on manual means of inventory tracking. Indeed, for some small businesses, like convenience stores, shoe stores, or nurseries, purchase of an electronic inventory tracking system might constitute a wasteful use of financial resources. But for other firms operating in industries that feature high volume turnover of raw materials and/or finished products, computerized tracking systems have emerged as a key component of business strategies aimed at increasing productivity and maintaining competitiveness.…

    • 324 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Inventory System

    • 4294 Words
    • 18 Pages

    In today’s growing market many businesses are turning toward automated systems to perform their everyday tasks. Automated systems can replace the cost and time consuming processes that were once completed by hand while providing companies with more accurate data. One automated system that is becoming more popular is the automated inventory system. This system is used…

    • 4294 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    A supply chain is a arrangement of group, people, technology, activities, information and goods ramified in touching a product or service from supplier to regulars. Supply chain actions mutate natural income, raw materials and thing into a finished product that is communicate to the end customer.…

    • 768 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Convenience Store

    • 6725 Words
    • 27 Pages

    Jones, G. & George, J. (2007). Essentials of Contemporary Management. (2nd ed.). New York: McGraw-Hill.…

    • 6725 Words
    • 27 Pages
    Better Essays