1 Introduction
The best companies around the world are discovering a powerful new source of competitive advantage and this is called Supply-Chain Management (SCM). SCM encompasses all of those integrated activities that bring a product to market and create satisfied customers (Zigiaris, 2000). Royal Castle was incorporated in Trinidad and Tobago in 1968 and set up as the first local fast food restaurant with both dine in and take out facilities entailing only twelve (12) employees (Royal Castle Ltd, 2015). The intended role of Royal Castle is to continue to be recognised as a leader in the quick – service restaurant industry and the champion of the consumer.
According to Martin Christopher, “Supply Chain Management is the management of upstream
…show more content…
It selects one or more attributes that many buyers in an industry perceive as important, and uniquely positions itself to meet those needs (Institute of Manufacturing, 2016).
Royal Castle does not believe in opening its restaurant without any knowledge of the local culture and tastes hence the signature motto “Our Culture, Our Taste”. They believe that their brand once given to the franchisee must have some sort standardization with their seasoning and special taste. However, it is important to note, that besides maintaining product and service standardization, Royal Castle takes into consideration the local tastes and preferences, when developing its menu for their regional location in Guyana.
6 Royal Castle Supply Chain Risk Management (SCRM)
Supply chain management is not just about acquiring goods and services at the best possible price, but it is also about identifying possible disruptions to the supply chain and taking steps to mitigate them. SCRM is the management of supply chain risks achieved through coordination/collaboration of supply chain partners to ensure profitability and continuity (Christopher,
Supply chain management involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. The dozens of steps are required to achieve and carry out each of the above components. SCM software can enable an organization to generate efficiencies within these steps by automating and improving the information flows throughout and among the different supply chain components. If one member of the supply chain makes a reckless decision it can impact the entire supply chain. This is what
Some of the opportunities White Castle has offered includes organization for party events such as birthdays or weddings and advanced reservation features. White Castle has been known to host weddings and birthdays for many years. While providing such opportunities, White Castle has been given them as well. As White Castle has worked to improve the menu for the entire 95 years, Corporate has worked and improved the number of given combos and menu options. While not only improving the products, putting them in packages to appeal to those who would love to spend less and gain
It is one thing to claim something, it is altogether different when you can actually backup your claim. If New Castle claims it has great schools, it should show why it is making that claim. How are New Castle’s kid succeeding compared to others? When it talks about outstanding recreation opportunities, it must back up the claim by telling the world how may parks it has, how many miles of trails are available and so on. It is likely some residents do not know. It is for sure that people outside the community do not know. So, while the brand claims it, the market effort should back up the claim.
* A company’s competitive position and profitability can be improved through the use of Supply Chain Management System (SCMS) which if successfully implemented will lead to exemplary customer service. (Oz, 2009)
The United States launched a nuclear testing program on the Marshall Islands (atolls). The testing was done primarily on the Islands of Bikini and Eniwetok between 1946 and 1958, resulting in the contamination of many of the Marshall Island (Takahashi, Fujimori, Simon, Bechtner, Edwards and Trott, 1999). Consequences of the contamination from the 65 tests were difficult to determine because of the cumulative nature of radiation exposure (Takahashi, 1999). However, on March 1, 1954, one discharged hydrogen bomb test on the Bikini atoll, named Castle Bravo, stood out more than the rest (Robbins, J. & Adams, W., Date unknown). Castle Bravo was different from previous nuclear tests. It took place near ground level with an unexpected shift in the wind, causing an enormous amount of fallout across atolls as far as 200 miles away (Robbins, Date unknown). Rongelap (105 miles from Bikini) was reached in 4-6 hours exposing 64 inhabitants, and Ailingnae (80 miles from Bikini) with 18 inhabitants (Robbins, Date unknown). The radioactive cloud continued on its path for 5-10 hours causing 28 American
The building of a castle was a monumental task; it required many laborers and took many years to complete. When a lord had decided to build a castle, he would hire a Master Builder to design and build the castle. He would choose a design for the castle. The castle was meant to be the fortress of the lord so it had to be strong. Castles had many different types of defense to protect the Lord and his family. The many types of defense that castles had meant that those attacking had to develop ever more strategic and powerful ways to attack the castle.
Westminster’s domestic operations comprise three separate companies that are wholly owned. Each company manufactures and distributes its own unique product lines. Distribution centers are a spread out across the US but not shared between the companies. Management is decentralized and each company maintains a unique and independent product development and ownership. The companies will have come under the light of new SCM techniques to advance and stay competitive in the mew market. Pressure form global consumers, domestic customers and competitors have made it difficult for Westminster to stay competitive and maintain current profit margins. Westminster’s current CEO, is aware of the situation and asked to take the company in new directions. Westminster’s own plan will take the company into stronger relationships with customers and foster better partnerships. It will also improve timeliness and attentiveness it fills its orders. Is short, our actions coincide with Westminster’s; we seek to consolidate warehousing, thereby reducing warehouse transfers, ship fuller truckloads, implement RFIDs and also add the use SCM technology and KPI’s to enhance their supply chain flow and implement key performance incentives to foster better overall management of their supply chain and allow more flexibility to improve and enhance their growing supply chain. Implementing these
In last week’s reading it states, “the primary goals of SCM are (1) to optimize service quality in terms of an organization’s internal information flow processes, while reducing costs and delivery time, and (2) to achieve increased efficiencies with regard to information flows and exchanges between the organization and its external parties, including all its vendors and suppliers” (Tann & Cobb, 2010, p. 72-73). Other elements of SCM is controlling redundancy, managing contracts, obtain products, maintain operational efficiency, order tracking, purchasing and inventory of supplies, and effectively communicating with suppliers and traders (Tann et al., 2010). There are many elements of a supply chain system, and
Supply Chain management is defined as the DESIGN, OPERATION, and IMPROVEMENT of the SYSTEMS that create and deliver the firm’s primary products and services. Like marketing and finance, OSCM is a functional field of business with clear line management responsibilities. OSCM is concerned with the management of the entire system that produces a product or delivers a service, such as a cellular phone account, involves a complex series of transformation processes.” (Jacobs and Chase 2014).
Supply change management (SCM) is active in many organizations today. The purpose of SCM is to maximize the company value in order maintain a competitive advantage in the market place. As an Operational Managers (OM) it is essential to oversee the supply chain within an organization. The OM responsibility is to manage the supply chain flow, and to ensure the supply chain has a quality design in order to reduce cost and drive efficiency. (Reid & Sanders, 2010) An organization supply chain includes activities such as product development, sourcing, productions, logistics, material, and other information systems needed to coordinate the movement of goods from suppliers to manufactures, and to final customers.
Supply chain is starting point before transforming product to customer. Supply Chain Management (SCM) as defined by Tom McGuffog is "Maximizing added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market." Supply Chain Management has allowed company to rethink their entire operation and restructure it so that they can focus on its core competencies and outsource processes that are not within the core competencies of the company.
Supply chain management (SCM) is the supervision of materials, information, and finances as they move in a process from supplier to manufacturer to retailer to the cessation consumer. There are three crucial flows of the supply chain: The product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both inside and between
Improvements in transportation process and technology enablement make available the most achievable way for most companies today to flush out supply chain costs and advance quality, reliability and customer satisfaction. Companies across nearly every industry sector are motivated to become supply chain management leaders. SCM leaders attain this rank in their markets by extensively dropping cycle times and operating expenses, increasing supply chain
As we know, SCM represents the collaboration. No wonder companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction (Luis B., Verda E. & Daniel S., 2012). Collaboration is an important characteristics for people in the supply chain industry to create more shared values than those who don’t collaborate. In the supply chain, suppliers are able to provide sufficient raw materials, manufacturers are able use the material to produce high quality of product; people in the logistic are able to manage the stock information. These series of works can only be done when people in all the parts cooperate with each other. If customers are satisfied with the services or products offered by the company, they will purchase more and then create further profit than before, thus, the company can have more capitals to cooperate with its suppliers in the long term; the suppliers are also capable to get great profits back, thus, the collaboration provide a win- win situation. A long term cooperation is the factor to tight the relationship between the company and the suppliers. Trust and consideration will be established when companies corporate with each other many times, and these will also make the work become more effective and reduce some unnecessary
Supply Chain Management (SCM) has been defined by Supply Chain Management Institute to be “the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders”(SCM-Institute, 2016).