International Game Technology ( Igt ) : Analysis Of Strategic Fit Between Supply Chain And Business Strategy

Supply management can be studied as both an instant field of practice and forming academic domain (Storey, Emberson, Godsell, & Harrison, 2006). It was eventually about influencing behavior in particular directions and in particular ways. The fundamental logics, drivers, enablers and barriers asset and exact close attention in supply management. Manufacturers, retailers, suppliers, and wholesalers are the members in supply chain. Supply chain management (SCM) is normally applying in integrated wholesaling and retail businesses (Wisner & Tan, 2000). SCM is comprehensiveness with logistics and physical distribution functions with reducing lead time of delivery. It is a comprehensive philosophy intent on management’s purpose to sustain or establish competitiveness in a quickly growing environment, through more able distribution, and purchasing activities (Cooper & Ellram, 1993; Giunipero &

SUPPLY CHAIN MANAGEMENT: Effective supply chain management is one of the most important operational strategies that allow company to enjoy sustainable competitive advantage. More than the manufacturing expenses the distribution costs are high. If a retail firm has a proper supply chain management it can cut down the cost and have a competitive advantage of providing goods at lower cost. The cross docking concept that was introduced by the Wal-Mart was one of effective concept.

The supply chain management is considered as a management concept from past two decades as the customers are concerned about timely and safe delivery. The competitiveness has been increasing among the companies to deliver the products as quickly as possible to the customers all around the world. This has made the supply chain management as a vital tool for the management. This is also measured as a competitive parameter for the companies.

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.

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.

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

Team 2 has researched and completed a comparative analysis of Mattel’s supply chain design and related costs with that of its major competitor Hasbro and the toy industry. What follows, is a brief background of Mattel’s traditional (non-electronic game) sector, its key competitors and Mattel’s use of supply chain management concepts in addressing the competitive landscape to gain a competitive advantage. The global toy and game market grew by 7.2% in 2007 with a value of $106.1 billion and by 2012, is forecasted to have a value of $126.2 billion, an increase of 18.9% over 2007. The toy market is divided into three primary sectors, namely game consoles, game software and traditional toys and games. Traditional toys and

The end result is as supply chain design may ultimately be the competitive advantage as much as the product it produces. Supply chain design must now be part of the overall strategy for an organization rather than something that “just happens”.

To start, it is vital to clarify the concept of a supply chain. It consists basically of all the process that the materials suffer as they flow from the source to the final customer. There are many concepts linked to this term, purchasing, warehousing, manufacturing, etc. Or more precisely: “a supply chain is a system of business enterprises that link together to satisfy consumer demand. The elements of a supply chain can be contained in the same business or be part of different companies” (Riddalls et Al., 2000)

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.

When considering about supply chain management strategies there are mainly two types of strategies in order to successfully manage supply chain for a particular organization. These are namely,

Supply chains include the end-to-end flow of information, goods and products, and money. That is why the way they are managed powerfully affects an organization's competitiveness in such areas as merchandise cost, working capital requirements, rapidity to market, and service perception, among others. The proper arrangement of the supply chain with business strategy is necessary to guarantee a high level of business performance. There are many benefits of the supply chain strategy in terms of time, cost, quality, and flexibility ability groups. Supply chain strategy reduces useless processes, in return speeds the production process. It also focuses on delivering a product or a service to consumers at the lowest possible cost without losing quality.

Supply chain management is an astronomical part to doing any sort of business. This is how all functions within a business need to act together to produce the best product or service possible for customers all over the world. When running a business there are many competitors, regardless what product or service is being produced. Businesses can gain competitive advantages through operations because they need to differentiate themselves from other businesses. They can achieve this through strategic planning. All businesses need to focus on the core competencies of their company. If they don’t they will not run efficiently or effectively. Core competencies can be discovered by using a SWOT analysis to determine the strengths and weaknesses of that specific company. Each company should determine its core competencies and determine the most cost effective and least time consuming ways using their competencies. Companies can outsource some material to save time and money, but companies get what they pay/invest for when it comes to outsourcing. That is why going global is a critical task for a company that is looking to grow.

Supply chain management is the process that takes place as materials, information and finances move from supplier to manufacturer to wholesaler to retailer to consumer. These flows must be coordinated and integrated within and among companies. The ultimate goal of an effective supply chain management system is to reduce inventory. A strategy is usually formed to in a way to achieve the goal in the most effective way possible It is important to consider the market in which you are supplying when choosing a supply chain strategy, in this case it is the European market. (Rouse, 2008)

(Assessment Criteria 1.3: Discuss the key drivers for achieving an integrated supply chain strategy in an organization)