1.0 Executive Summary Supply Chain refers to the flow of products or services start from the point of origin from the supplier to end consumer (Investopedia, 2003). Supply chain management refers to the design and management of seamless, value added processes across organizational boundaries to meet the needs of end consumer. Supply chain management is very important for a company to success especially for those multinational companies as nowadays the supply chain emphasizes on building trust-based relationship with the supplier and the company can focus on their core competencies for a long term benefits with a common goals. A supply chain management started with key suppliers and has four important elements.
In this assignment, we will be discussing about the strategy implemented by Domino’s pizza with it advantages, disadvantages and challenges that make them a successful fast-food franchise. First of all, we discovered 2 purchasing strategy used by Domino in procurement process. Domino’s will have 3 advantages, 3 disadvantages and 2 challenges when implementing the first strategy. However, they …show more content…
It will lead to higher-quality results by the supplier. By measuring supplier performance, Domino’s can have a better planning on new products and services based on their understanding towards the supplier capabilities and performance level (Gordon, 2006). Apart from that, ESP helps them to mitigate the risk when dealing with the supplier and have a better communication with them. Domino’s knows their supplier performances and business practices well and it helps them to reduce business risks. Domino’s can have a long term contract or mutual cooperation with the supplier which have a consistent performances to reduce the switching cost and risk as they have a mutual understanding and know each other better for a period of time (Gordon,
In this assignment, we will be discussing about the strategy implemented by Domino’s pizza with it advantages, disadvantages and challenges that make them a successful fast-food franchise. First of all, we discovered 2 purchasing strategy used by Domino in procurement process. Domino’s will have 3 advantages, 3 disadvantages and 2 challenges when implementing the first strategy. However, they …show more content…
It will lead to higher-quality results by the supplier. By measuring supplier performance, Domino’s can have a better planning on new products and services based on their understanding towards the supplier capabilities and performance level (Gordon, 2006). Apart from that, ESP helps them to mitigate the risk when dealing with the supplier and have a better communication with them. Domino’s knows their supplier performances and business practices well and it helps them to reduce business risks. Domino’s can have a long term contract or mutual cooperation with the supplier which have a consistent performances to reduce the switching cost and risk as they have a mutual understanding and know each other better for a period of time (Gordon,