The work of a global supply chain manager is ever changing. These global supply chains must be fluid and responsive to keep with the changing landscape that is global business. Risk factors, consumer expectations, political change, and environmental concerns are many of the things that they must overcome. Planning, communication, and strong relationships can aid these managers in doing what the need to stay on top of all these challenges. The main goal of the supply chain is to provide the customers with what they want. The supply chain either globally or domestically needs to know and understand the needs of its consumers. Supply chains are here to stay, and supply chain managers will probably have a growing source of responsibility. Even …show more content…
However, many things recently have proven the support for globalization is lessening in developed countries like the “Buy American, Hire American” executive order, Brexit, and the removing of America from the Tran-Pacific Partnership. One area of focus for all businesses is to be green or more environmentally friendly. Global supply chains are no different. However, sometimes it is a strategy to just pollute and worry about the costs later. This has changed aspects of the global supply chain and the logistical portion of what is required. One issue is cost, and the effort to increase environmental sustainability has raised the cost of oil and gasoline. This has changed the strategy of man global supply chain managers. A way to combat this is to aim for a localized global supply chain. This means to move some of the processes away for the longer distance to maybe closer emerging markets. Here in the United States, we have Latin America which would be a big difference from China or other Asian countries. Strategic partnerships with suppliers have been a vital tool for domestic supply chains, but global supply chains have often lack in this aspect. However, that is what contemporary supply chain managers aim to do. Long-term strategic partnerships have many advantages: reliability, quality control, and competitive pricing.
Supply Chain Management: An International Journal, Volume 7, Number 5, 2002, pp. 271 – 282;
Reorders are placed at the time of review (T), and the safety stock that must be reordered is:
In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as
However, in Global Supply Chain Management, there is also a need to protect the environment, although for more selfish reasons. Businesses need to be environmentally friendly because people around the world are catching onto the fad of “going green” and want products and companies that boast that. By having sustainable product development and sustainable transportation methods, business are both protecting the environment and attracting more consumers. This is an interesting point because one would not think that a book about best business practices would attract a business towards being more environmentally friendly, but the book is clear that that is what is
Young (2012) writes that supply chain management (SCM) is a function of collaborating firms working to improve operating efficiency and to leverage strategic positioning. In addition, Young references this function as not only the physical attributes of product distribution, but also to include related information, such as production or delivery status, and the capability to access such information. Such capabilities allow SCM to be an important link in fulfilling customer needs and providing value. Young adds that in the current customer-driven market, the perceived value of the entire relationship
The processes involved in the supply chain are very critical to the business organization. It is therefore very central and critical for the organization to make sure that it is operating or running a supply chain process that is very practical, efficient and sustainable as well as those that are simple to implement in terms of the operational costs. Sustainability means that the company is operating on renewable resources, no environmental pollution, generates products that meet the needs of the customer among others. As such the company or the business entity is in a position to operate in a way that is beneficial to itself, to the environment and to the society within which it operates (Cooper 14). There are three major
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.
As supply chains have moved from a cost focus to a customer focus and now currently to a strategic focus, the need to think strategically about the supply chain has never been more important. The success of a strategy is only as good as the company’s ability to fully and properly execute it. A great supply chain strategy, linked with operational excellence, can provide success for not only the company in question but also its partners and customers.
Abstract Purpose – Increasingly, private sector companies are aiming to buy and supply products and services in a sustainable way, termed “sustainable supply chain management” (sustainable SCM), using purchasing and supply to reduce negative impacts on the environment, economy and society. There is often a gap between rhetoric and reality, with companies often accused of paying green lip service to sustainable SCM. This research aims to explore sustainable SCM issues in companies that have been recognized as leaders in their sectors, and investigate what
What is supply chain? Cottrill (2010) notes that “People often think it is only about moving boxes, something to do with transport and logistics; it almost gets narrowed down to the warehousing and delivery piece”. In reality, supply chain does not only focus on moving products from one place to another places. It involves every stages from the beginning that customers want to buy products until they pay and become satisfied with goods. Manufacturer and suppliers, customers, retailers, warehouses and transporters are all parts of the supply chain (Chopra et al., 2004). Due to globalization and market uncertainties, there is a changing competitive environment in doing business. I believe that a supply chain can keep on improving in such condition by implementing ‘The Triple-A Supply Chain’ strategy which is agile, adaptable and aligned. The term agile refers to an ability to quickly respond to unexpected changes for instance natural disasters and epidemics. Adaptable can be defined as an ability to adjust oneself to deal with problems such as political changes and demographic trends in order to
Volkswagen 's major suppliers are assigned space in the VW plant, but supply their own components, supplies, and workers. Workers from various suppliers build the truck as it moves down the assembly line. Volkswagen personnel inspect.
This term paper focus on my experience and the knowledge gain during the fall 2016 semesters. The paper discusses the general topic on Global supply chain management and its application within the business sector. In addition, to the general topic discussed, I would also focus on the some of my experience doing the class and how those experience and knowledge gained can help me in the future. In my further reflection of the paper I had focused on some topics that I found easier to complete and other topics that did challenge me. My reason of giving a reflection on those topics that were challenging and those that was easier for me, is to give a balance of my experience of the class and lesson learn doing the semesters. To recap, on the course I would say, the course was great and comprehensive in general. Over the few months getting to study and understand topics such as, the field of operation and management, Product & process Design, six sigma Quality and SQC, Strategic Capacity Management, Forecasting system, Facility Layout, Sales and operation planning, Inventory Management, Material Requirement Planning, WorkCentre Scheduling and Waiting and Simulation was a mind changing for me.
A growing number of companies are working towards incorporating environmental and socially responsible business practices to their value chains, from suppliers to customers. By doing so, the not only tackle the many risks, social and environmental, and challenges inherent in supply chain management, but also reap the many benefits that supply chain sustainability can offer.
Given these differences, there are some specific challenges that global logistics managers must consider. Figure 1, adapted from Helferich and Cook, illustrates some of the generic global and domestic institutions critical in supply chain logistics. These institutions are the organizations that must collaborate and coordinate to move product and information from the raw material stage to the ultimate consumer. To effectively achieve this objective, global logistics managers must manage the “Five V’s” across the top of the figure. The first challenge is to provide the consumer with better value in return for their dollar. While the firm may see global sourcing as a means to reduce material or component costs, the only value that is relevant for consumers is a reduction in total landed
A supply chain management may be defined as the process involving all the activities like planning, organising, implementing and controlling the cost effective flow of goods from the point of origin to the point of consumption. This involves various other activities which is required to add value to the product along the supply chain like procurement, sourcing and conversion of the products. There are a lot of players involved like the suppliers, manufacturers distributors etc. They have to have a lot of coordination and collaboration among them to in order to be really efficient and deliver good quality products and services. The whole process is integrated to meet the supply and demand. The supply chain networks have drastically changed over the years in the era of globalization. They are very global in nature involving various complex interactions and flow of goods, data and funds between companies which are situated in different countries and continents. Even though the companies are spread across the world the manufacturing plants generally follow a similar structure which normally comprises of the suppliers, assembly plants, distributors, retailers, inbound and outbound logistics providers. There were a lot of challenges which arose because of the competition