Chapter 10 Supply chain Strategy Review and Discussion Questions 1. What recent changes have caused supply chain management to gain importance? 2. With so much productive capacity and room for expansion in the United States‚ why would a company based in the United States choose to purchase items from foreign firm? Discuss the pros and cons. The use of foreign firms can provide a U.S. firm more alternatives in selecting a supplier. The pros are more choices‚ potentially reduced
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of Supply Chain Management? Supply Chain Management (SCM) is an essential element to operational efficiency. SCM can be applied to customer satisfaction and company success‚ as well as within societal settings‚ including medical missions; disaster relief operations and other kinds of emergencies; cultural evolution; and it can help improve quality of life. Because of the vital role SCM plays within organizations‚ employers seek employees with an abundance of SCM skills and knowledge. Supply chain
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2. Compare the concept if a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. Traditional distribution channels are not integrated and exist in stove pipe functional area. The supply chain integrated all of the functions of transportation‚ logistics‚ distribution‚ warehousing‚ and sourcing into one centrally managed operation. Both the supply chain and traditional distribution channels involve the movement of products. 3. What
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The history of Honda Honda is one of the world’s largest motorcycle manufacturers and of the leaders in the automakers industry. It was founded in 1948 by Soichiro Honda and Takeo Fujisawa. It’s headquarter is in Tokyo‚ Japan and it serves worldwide. Honda has 492 subsidiaries and affiliates accounted under its equity. The company develops‚ manufactures‚ and markets a wide range of products such as: automobiles‚ motorcycles‚ scooters‚ ATV’s‚ electrical generators‚ water pumps‚ lawn and garden equipments
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Supply Chain is a very important aspect in the Project management world. It is essential to address all issues properly and with care in order to have a successful and operational project. Integrating Supply Chain Management into Project Management can significantly enhance the effectiveness of project management. The term Supply Chain Management encompasses a wide range of processes which help in delivering the product or service as required by the customer.(Dani) “The Massachusetts Institute
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Name: Min Heng Lin Student ID: 2014-81961 Walmart’s Retail Link Supply Chain 1. Where does Walmart’s supply chain start? What triggers Walmart’s Retail Link system to ship goods to local Walmart Stores? Supply Chain Management (SCM) includes all the activities that must take place to get the right product into the consumer’s hands in the right quantity and at the right time – from raw materials extraction to consumer purchase. It starts from: The Supplier/Manufacturer Logistics Wholesaler
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Supply Chain relationships and Supply Chain dynamics are topics that are closely related to each other. A discussed in Russell and Taylor (pgs. 426-427)‚ the bullwhip effect is a prevalent dynamic in supply chain management. Methods to decrease the bullwhip effect include: increased information sharing and coordinated forecasting. As has been noted before‚ the clothing company Zara is a good example of a well-designed supply chain system. Zara has been able to successfully keep information flow
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I. Supply Chain Supply chain is the efficient movement of materials and products from the point of material sourcing to the delivery of goods to the ultimate user or consumer. A supply chain consists of all parties involved‚ directly or indirectly‚ in fulfilling a customer request. The supply chain not only includes the manufacturer and suppliers‚ but also transporters‚ warehouses‚ retailers‚ and customers themselves. Within each organization‚ such as manufacturer‚ the supply chain includes
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STARBUCKS & IT SUPPLY CHAIN MANAGEMENT This is a case that illustrates several facets at once: Globalization & Rapid Expansion‚ Supply Chain Management‚ ERP Implementation‚ and IT Infrastructure. This case takes place in 1997. Introduction You have to admire the enthusiasm of Starbucks employees. Store managers have been known to stuff sacks of coffee beans into their cars and race over to help out other stores running low. Exceptional customer service‚ but certainly no way to run a business
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In most organizations‚ supply chain collaboration between the organization and suppliers can reduce inventory costs with the use of information technology (IT). Laudon and Laudon (2007) suggest that IT consists of all hardware and software that a firm needs to use in order to achieve its business objectives. Computers‚ printers‚ and handheld personal digital assistants are considered hardware components. Software includes operating systems such as Linux or Windows‚ the Microsoft Office desktop productivity
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