Wgu Supply Chain Recommendation Strategy
Supply-Chain-Strategy Recommendation
Xavier Smith
Western Governors University
Supply-Chain-Recommendation Strategy
Hand-Tool Corporation, hereafter referred to as the initialism, HTC, was established to take advantage of the hand-tools market, which consists of sales of electric drills, saws, and sanders, to consumers in the homebuilding and home-improvement market. These consumers will comprise both business and private end users.
The corporation is seeking data to determine the optimal course of action for distribution, referred to hereafter as the supply chain. This analyst has researched several supply-chain strategies. These strategies will be presented in this report. The analyst will also provide a concerted recommendation for a course of action that will support the company’s profit-maximization goals.
Supply-Chain Strategies
As indicated in the precedent paragraph, there are several supply-chain strategies extant in the business world. However, some of the strategies are insufficient to meet the corporation’s business needs. The following list offers the attributes of two competing strategies as well as a recommendation for or against it.
Virtual Corporation
Bloomberg Businessweek offers the following definition of a virtual corporation:
The virtual corporation is a temporary network of independent companies--suppliers, customers, even erstwhile rivals--linked by information technology to share skills, costs, and access to one another 's markets. It will have neither central office nor organization chart. It will have no hierarchy, no vertical integration (Bloomberg Businessweek, 1993).
The virtual corporation is also known as a hollow corporation. For supply-chain purposes, the hollow corporation implies that a source company, Hand-Tool Corporation, outsources all supply-chain-related activities. For example, in this network, Hand-Tool Corporation would not be responsible for the procurement and quality validation of
Xavier Smith
Western Governors University
Supply-Chain-Recommendation Strategy
Hand-Tool Corporation, hereafter referred to as the initialism, HTC, was established to take advantage of the hand-tools market, which consists of sales of electric drills, saws, and sanders, to consumers in the homebuilding and home-improvement market. These consumers will comprise both business and private end users.
The corporation is seeking data to determine the optimal course of action for distribution, referred to hereafter as the supply chain. This analyst has researched several supply-chain strategies. These strategies will be presented in this report. The analyst will also provide a concerted recommendation for a course of action that will support the company’s profit-maximization goals.
Supply-Chain Strategies
As indicated in the precedent paragraph, there are several supply-chain strategies extant in the business world. However, some of the strategies are insufficient to meet the corporation’s business needs. The following list offers the attributes of two competing strategies as well as a recommendation for or against it.
Virtual Corporation
Bloomberg Businessweek offers the following definition of a virtual corporation:
The virtual corporation is a temporary network of independent companies--suppliers, customers, even erstwhile rivals--linked by information technology to share skills, costs, and access to one another 's markets. It will have neither central office nor organization chart. It will have no hierarchy, no vertical integration (Bloomberg Businessweek, 1993).
The virtual corporation is also known as a hollow corporation. For supply-chain purposes, the hollow corporation implies that a source company, Hand-Tool Corporation, outsources all supply-chain-related activities. For example, in this network, Hand-Tool Corporation would not be responsible for the procurement and quality validation of
References: Bloomberg Businessweek. (1993, February 7). The Virtual Corporation. Retrieved from Bloomberg Businessweek: http://www.businessweek.com/stories/1993-02-07/the-virtual-corporation Hindle, T. (2008). The Economist Guide to Management Ideas and Gurus. New York City: Bloomberg Press. Stevenson, W. (2009). Operations Management, 10th Edition. New York city: McGraw-Hill Higher Eductation. Retrieved December 26, 2012 Stevenson, W. (2009). Statistical Process Control. In W. Stevenson, Operations Management, 10th Edition (p. 486). McGraw-Hill Higher Education.