GOAL: 1. For the first time I experienced the convenience of delivery, I became interested in the industry supply-chain management. With the popularity of e-commerce, supply chain management as a profession was practical and most importantly, it is where my interest lied. As a result, my short-term goal is to apply for the entrance of the broad business college supply chain management. Since this profession requires a high GPA, I am supposed to gain a high GPA . To achieve this goal, I commit…
Regarding to inventory and fixed assets management, I identified 4 potential commercial vendor solutions through online research. In this assignment, I will state the name, offer brief description, and list corresponding features of each vendor. Then, I can discuss my personal work with other group member, which makes a good preparation for our group assignments. Description: According to its website: Restaurant365 is a good software development company and Microsoft Certified Partner. The…
Currently the sales department is call based for receiving customer orders. Orders are then placed through calling each different manufacturer. The receiving department is manual based to check and group all the items. The shipping department is manual based to send the items with the customer. From the organizational chart we can see how all the departments within the company are connected. First, the sales department receives calls from customers. The sales representative will write down the…
Shouldice is impressive, it shows the administration kept cost truncated while performing surgeries utilizing lean supply principles. Writer John Hatton (2013) expounds on lean supply: The Lean supply chain is one that produces or provides only what is needed, when it is needed and where…
In the world of Operations Management, especially in manufacturing, change is inevitable. There can be changes to the product based on customer feedback and product improvement. There can be changes to the processes due to new technology, think about robots, or product redesign. There can also be changes to the basic way you extrapolate data to determine how your operations are running. We used to keep track of production data on paper, it was inefficient at best and lacked the timeliness to…
established, their evolution and success is therefore highly context-specific.(Elo, M, 2009). In this arrangement it is clear that a horizontal integration would be better suited with each partner having responsibility for their scope of the value chain. The ‘bar’ set for excellence for this IJV given the partners esteemed status in their respective fields and their desire…
concentrated powdered laundry detergents. P&G faced the problem of forecasting the sales. Different departments like procurement, manufacturing and supply chain were already under stress from the changes required to produce and deliver the new formulation. If the results increase without change in forecasts, P&G would be unable to meet demand and that could damage relationships with retailers and customers. On the other hand, forecasts cannot be aggressive. Such kind of forecasts would leave…
Cons of SCM: As there are many benefits of SCM if it is not manage properly it could bring tremendous losses to the business. Below are some disadvantages of SCM. • Error in Information Handling: SCM involves managing inventory; for which SCM management software are used; but if any inaccurate information is entered it would be troublesome, it can disturb the flow of inventory which can bring adverse effects and can effect reputation of the company. • Cost of Training: SCM links together with…
Supply Chain Management (SCM) and how the market logistics has evolved into SCM. Finally we see the objectives of market logistics and how it is linked to marketing plan. INTRODUCTION Marketing logistics simply means effective physical distribution of goods and services. Marketing logistics mainly focus on planning, controlling and monitoring the flow of products and services to market and also materials and necessary information which is needed to full fill consumer demands. These demands must…
all ship-handling costs. Terminal-handling costs comprise costs for loading or unloading, storage, customs clearance, repacking and forwarding, i.e. they cover all services required for moving the cargo onwards through the port and down the supply chain. Terminal concession costs are the cost of acquiring a dedicated terminal. Introduction: The Port of Singapore has…