Five Key Principles Of Management

A supply chain is a net work of firms. Thus, each firm in the chain should build its own supply chains to support the competitive priorities of its services or products. Two distinct designs used to competitive advantage are efficient supply chains and responsive supply chains. Efficient supply chains work best in environments where demand is highly predictable. The focus of the supply chain is on efficient flows of services and materials keeping inventories to a minimum. The firm’s competitive priorities are low-cost operations, consistent quality, and on-time delivery. Responsive supply chains designed to react quickly in order to hedge against uncertainties in demand. Work best when firms offer a great variety of services or products and demand predictability is low. Typical competitive priorities are development speed, fast delivery times, customization, variety, volume flexibility, and top quality. Tables below show the environments and design features that best suit each design.

Supply chains manage the movement of products from the acquisition of raw materials through production and finally distribution to the end user. A properly designed supply chain can create many opportunities to drive down cost and increase revenue opportunities. In order to create a supply chain that is sustainable and flexible it is necessary to identify and align company goals and initiatives with the manufacturing and distribution of products.

Based upon his ten years research on supply chain issues in diverse industries such as food, fashion, apparel and automobiles he devises a framework which will help

Develop a list of about five to eight key principles that management should follow to achieve what the author calls supply chain nirvana. In essence, serve as a supply chain consultant to top management of a firm which has definitely NOT achieved supply chain nirvana. Briefly explain the logic underlying each principle and, if relevant for a given principle, explain why many firms tend to violate that principle or fail to implement it successfully. Perhaps you are familiar with a particular firm. If so then select those five to eight principles that you, as a consultant would recommend the firm focus most intensely on, why, and what they should do initially.

Supply chain management is a complex undertaking that must involve more than one organization’s efforts to succeed. A tremendous amount of skill, time, and money must be present to build and develop relationships, discover and implement a strategy, and use the capabilities of the chain to build quality at an efficient financial rate. Allowing for these requirements, it leaves one to wonder whether supply chain management is a viable option. The answer is yes, because an organization needs a strong supply chain to compete and be profitable in the marketplace. The key points for supply chain management should be to meet customer demand, produce excellent customer value, enhance responsiveness to change, build a network that can resist risk, and develop financial success.

The following report was compiled after interviewing Kevin Vice, the facilities manager at Oracle America, Denver branch. Oracle America Inc. is a subsidiary of Oracle Corporation, which is a multinational computer technology corporation that designs, manufactures, markets and services network computing infrastructure solutions. The company is based in Redwood City California, with branch offices around the globe serving customers in 145 countries. The Colorado branch office has three locations, Denver, Broomfield and Colorado Springs.

Using Tannenbaum and Schmidt’s (1958) Continuum for leadership and involvement, my management style is Consult (Participative). This style allows me to adapt if/when required. It gives me the capacity to make the final decision with the added benefit of tapping into the ideas of subordinates. I think you can become blinkered and stagnate if you have held a position for sometime without listening to the ideas and view points of others.

The purpose of this report is to explain in brief to the Senior Management of a hypothetical supply chain

Blanchard, D (2010). Supply Chain Management; Best Practises. 2nd ed. London: John Wiley and Sons.

By thinking in terms of supply chains instead of individual operations or departments, CIOs can improve their competitive strategies. These strategies, in turn, change organizational operations, roles, and information systems. This article shows how such “supply chain thinking” works.

There are four functions of management: planning, organizing, leading and controlling. The four basic principles of management found in all businesses and corporations. Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.

Many Fortune 500 companies have management training programs. A company must always have the competitive edge over its competitors. These companies must invest in creating curriculums to help the mangers create motivation in the employees as well as attain the goals set forth by the corporation. According to the Random House Unabridged Dictionary, management is "the act or manner of managing: handling, direction, or control; skill in managing, the person or persons controlling and directing the affairs of a business institution, etc."

Design approach – The paper is based on an exhaustive study of eight supply chains which included ten companies in America. Managers from at least four levels of the supply chain were interviewed, and the supply chains were outlined and observed.

Focus on management history Fayol's 14 principles of management then and now: a framework for managing today's organizations effectively Carl A. Rodrigues Montclair State University, Upper Montclair, New Jersey, USA Industrial manufacturing began to play an increasingly important role in the US economy more than 100 years ago. Since then, many writers have developed propositions about what managers of Abstract Early last century, for industrially- organizations must do to be able to perform developing economies, Fayol their managerial duties more effectively. One offered 14 principles of of the most well-known and quoted early management aimed to help managers ascertain what to do to writers is the late French

Chapter eight in our text talks about how “culture, or shared values within the organization, may be related to increased performance” (Carpenter, M., Taylor, B., Erdogan, B. (2009). Principles of Management. Nyack, NY: Flat World Knowledge, pdf page 192) and how those cultures can make or break a company. It is these shared values from those who lead that allow their employees to know acceptable and unacceptable behavior. There is also mention of how a leader’s style can motivate and inspire employees, or it can make employment uninventive, humdrum and cause the employee to be unimpressed and bored. The text also tells us how business culture is invisible, but it is extremely powerful. It sounds to me that James Lincoln, younger brother of John Lincoln who was the founder of Lincoln Electric Company, had the right culture for their business. Right from the start James Lincoln was determined to improve his older brothers small company and help it grow.