Chapter 2 Supply Chain Performance: Achieving Strategic Fit and Scope True/False 1. A company’s competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. Answer: Difficulty: Easy 2. The value chain emphasizes the close relationship between all the functional strategies within a company. Answer: Difficulty: Moderate 3. A company’s product development strategy defines the set of customer needs that it seeks to satisfy through its
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What are the underlying forces that led to K&S’s desire to make changes to its current supply chain network? The underlying forces that led K&S’s need to make changes to its current supply chain network are because of the cheap labor. The geographical movement in the electronics manufacturing industry to Asia and other Pacific nations has implied that organizations have needed to update their inventory Network. With clients moving to Asia‚ and new markets opening up‚ numerous K&S contenders have
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The purpose of the Supply Chain Operations Audit is to help you find the answer to this crucial question. The Audit is divided into five main sections: Strategy‚ Organisation‚ Process‚ Information and Performance. The Supply Chain Audit Part 1 – Strategy Objective: To determine if the enterprise has a clear strategy tuned to business expectations and focused on profitably servicing customer requirements. Scope: How the enterprise’s supply chain strategy reflects its business goals and external
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Q1. What is the virtual supply chain? Virtual supply chain (VSC)‚ which has been actively implemented by Amazon.com‚ is a supply chain integrating several different businesses in the sequence of delivering a product or service to the final customer. Since online retailers themselves do not manufacture any product‚ the cooperation with actual manufacturers is very important for customer service. It makes suppliers‚ manufacturers‚ distributors and warehousing agents of different tiers work as one
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The purpose of this paper is to analyze how supply chain management software‚ buffering and pull systemscan be utilized to reduce cost‚ speed delivery and increase productivity‚ using Wendy’s as an example.Since Wendy’s is a fast food restaurant chain‚ it is extra vulnerable to delays in the supply chain‚ which could lead to the cold chain being broken. Efficient supply chain management can utilize systems to prevent costly losses from spoiled food‚ delivery delays and enable employees to be more
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Important Articles About Supply Chain A Primer on Sourcing and Procurement in an Integrated Supply Chain Supply Chain Management Review introduces a new series called “Back to Basics.” It’s a look into how excellence in the core logistics and supply chain activities leads to overall business success. The articles in this seven-part series are written by educators from the University of Tennessee. Pictured: Wendy L. Tate‚ Assistant Professor of Logistics‚ Department of Marketing and Logistics
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Supply chain improvement Increasingly important in supply chain practice are attempts to improve supply chain performance. These are usually attempts to understand the complexity of supply chain processes; others focus on coordinating activities throughout the chain. • The SCOR model The Supply Chain Operations Reference model (SCOR) is a broad‚ but highly structured and systematic‚ framework to supply chain improvement that has been developed by the Supply Chain Council (SCC)‚ a global non-profit
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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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Kalra (2010 p. 2) “A supply chain consists of all parties involved‚ directly or indirectly‚ in fulfilling a customers request”. The parties extend from the suppliers of your suppliers to the customers of your customers at every stage of the supply chain (Supply Chain Management‚ UoL‚ Lecture note week 1). The successful management of the value adding activities of these parties to satisfy the customer’s demand and‚ make profit while at it‚ is the sole objective of supply chain management (Chopra
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Retail super-giant Wal-Mart has fought its way to becoming the world’s largest company. Wal-Mart’s legendary supply chain technology has allowed them to break the three-day barrier that some economists in the eighties felt that it was unbreakable. In other words‚ Wal-Mart is often able to replenish items on the Wal-Mart shelf in less than three days – not from the central warehouse to the shelf‚ but from the manufacturer to the shelf. With quick and reliable 2-day turn around‚ Wal-Mart is able to
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