Troubleshooting the supply chain proactively By Chris Eckert, President of Sologic, and Brian Hughes, Vice President of Sologic. A version of this article appeared in the February 2010 issue of Industrial Engineer magazine.
Solving the problems associated with the global supply chain of major products these days requires a flexible, adaptable and consistent approach. One need look no further than the latest commercial airliner designed by Boeing to see how far the company is willing to realize the many benefits of a huge extended global supply chain decentralized. Experience and expertise focus directly on the individual components. The responsibility for profits and losses are concentrated in smaller, more manageable (and therefore responsible) business units. The risk is diversified across multiple "baskets" of providers. The benefits of local markets (such as cheap labor and proximity to raw materials) can be exploited. The list is endless. But Boeing 's strategy also shows some of the inherent risks and the unfortunate consequences associated with the management of the supply chain. Unfortunately, it 's one thing to map all the potential benefits of a diversified global chain of supply, but quite another for the company and its executives out alive is because of the risks involved. While the new Boeing 787 can be one of the most ambitious attempts to benefits of extended global supply chain, we can find other examples of all sizes, shapes and flavors. Globalization is
Today’s global supply chain has been shaped by the past decades of focus and strategies based on achieving the lowest operational costs coupled with a push towards market expansion and supplier outsourcing. The expansion of global supply chains combined with the increasing number of joined connections to external business partners has significantly raised the possibility for supply chain disruptions (Poirier, Quinn, & Swink, 2010). In today’s global business environment, the importance of risk management continues to grow daily.
Supply-chain management consists of developing a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. A supply chain strategy, an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy.
Inspired by my multi-cultural identity and my family’s global manufacturing and printing company, my desire to pursue a career in global supply chain management continues to shape my professional life. While completing degree, I worked full time at MazGraphic Digital Company, Unified Grocers and Aerojet Rocketdyne. My involvement with these companies led me to become increasingly detail-oriented, heightened my ability to multitask and learn about different supply chain strategy. After graduating college, I joined the Munchkin Inc. team as a supply chain
Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay
The second metric that is beneficial to Riordan is the Efficiency Metric. This metric “is a ratio of the actual output of a process relative to some standard” (Jacobs & Chase, 2011 pg. 117). This metric is beneficial in determining if
Managed logistics, supply chain, and integrated logistics functions within a leading provider of services to the federal government. Supervised, trained, and evaluated team of over 20. Assisted Program Manager in quality assurance and operations leadership to meet all contractual requirements. Created comprehensive monthly data analysis, written reports and briefings, program plans/analyses, and others to support logistics and operational matters. Maintained supply and inventory control using Property Book Unit Supply Enhanced (PBUSE) system.
In 1916, the Boeing Company (Boeing), was founded in Seattle Washington. Boeing is one of the world’s biggest manufacturers in producing military and commercial aircraft carriers. Throughout Boeing’s history, the company has developed several strategic alliances with various aerospace companies. Further, the company has merged and acquired numerous international aerospace firms such as McDonnell Douglas, Rockwell International, Jappesen Aerospace, Hughes Space and Communications, and North American Aviation (Boeing, 2014). Boeing is currently conducting business operations in approximately seventy (70) countries and approximately 200,000 employees. Further, there are approximately 25,000 suppliers within the company’s supply chain. In addition, the company has a very intricate value chain as seen in Table 1 below.
The value delivery option is another component that supports the supply chain. Providing attention to the changes within consumer demands that will aid in rapid production of consumer products. In order to gain a larger view of the said component it is vital that the value-based method must be clearly understood. Based on the findings of (Feller, A., Shunk 2006).the ability to realign the structure of the supply chain, this process will allows the supply chain to sustain its effectiveness by adopting to changes in consumer necessities with merchandises of larger value. A diversified supply chain is constructed to match the overall components of the chain with customers need in mind. But if this construction of the supply chain doesn’t match the needs it will make nearly impossible for the organization to provide said products and services to the consumer.
During spring semester of sophomore year, I interviewed with Harris Corporation, and I was offered an internship with their Supply Chain team. After my first summer experience, I earned a part-time position to continue at Harris while I attended school full time. I accepted this offer and created a plan to attack my newly loaded schedule. I thought managing my workload would be my most challenging trial throughout college, but the worst was yet to come.
An effective supply chain is the key to creating business value, and with expansion on the horizon. Good planning and willingness to adapt to changes are key to maximizing our results. In order to do this we have come up with a plan that will make Lady Americana mattresses a household name in our target expansion markets. In the state of Oklahoma, Lady Americana has already become a brand that has a bed in almost every home. The current systems in place are effective for todays operations, below are some challenges and recommendations to improve upon this to create an effective supply chain, that will grow with you as your business does.
(What do you think the author is trying to demonstrate or bring out in the case?)
4. In a service supply chain, the (explicit) cost of information is higher than in a product
Globalization is “the integration of economies around the world through the movement of goods, services and capital across borders” and is a dynamic process through which companies, corporations and organizations leverage their strengths, magnify their reach, and decrease costs by outsourcing multiple business processes (IMF Staff, 2008). The globalization of Starbucks’ supply chain played a crucial role in attaining organizational success, having a significant impact on its business operations. This report aims to analyze the challenges that globalization presents in a constantly evolving market, and evaluate the solutions that Starbucks has implemented to manage these challenges.
Singapore has long built its economy on its strategic positioning for trade. The country is now home to the world's second-largest container port according to the World Shipping Council (2013). The country's position as a leading trade makes it a natural place to find solutions to global supply chain issues, and has also encouraged a significant amount of foreign direct investment in the country. Foreign companies have set up shop in Singapore, often in either services or retail. This paper will analyze some of the issues that foreign firms dealing in Singapore have with respect to global supply chain management.