As a supply chain consultant what advice would you offer to both Nokia and Ericsson in handling the Risk Management Process in avoiding the extreme impact that these two companies experienced in the advent of this accident; articulating clearly what can be done in managing different Risks in International / Global Supply Chains.
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As a supply chain consultant what advice would you offer to both Nokia and
Ericsson in handling the Risk Management Process in avoiding the extreme
impact that these two companies experienced in the advent of this accident;
articulating clearly what can be done in managing different Risks in International
/ Global Supply Chains.
Step by step
Solved in 2 steps
- Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Explain the role of performance measurement in managing supply chain activities.What are some of the ways companies manage risks in a global supply chain?
- Global Supply Chains today are subject to more risk factors than localized supply chains of the past. Underestimating risks in global supply chains and not having suitable mitigation strategies in place can result in painful outcomes. It is thus critical for global supply chains to be aware of the relevant risk factors so that they build in suitable mitigation strategies. Discuss, giving examples where necessary, five risk factors facing global Supply Chain.With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently. Where is the supply chain organization vulnerable to potential risk? Identify at least four risks. Why is the organization vulnerable? How will this risk affect the organization if it happens? How will this risk affect the organization’s customers and suppliers? What are the causes of the risk?what is the potential risk associated with Dell's global supply chain strategy? how can these risks be mitigated?
- a. Demonstrates a clear understanding of global supply chain disruptions on Cartier Company. b. Provides relevant and accurate information about global supply chain disruptions on Cartier Company, including its causes, impacts, and significance in the global context. c. Shows an awareness of the current state and future projections of global supply chain disruptions on Cartier Company. d. Supports the analysis of global supply chain disruptions on Cartier Company with credible and up-to-date sources.The recent globall pandemic posed major challenges to international business. Practitioners and businesses alike state that the biggest disruptions were seen in supply chains. Your task is to search the internet or survey your business contacts to find a illustration of supply disruption and how the business coped or adjusted to the altered situation.There are currently many examples of global supply chain failures and materials shortages in the news. 1. Describe the causes of these problems and suggest tools from the textbook and how they can be applied to correct these problems in the future. 2. Should all supply chains be "risk-hedging" supply chains?
- React to these statements: Discuss the advantages and disadvantages of sourcing a product's raw materials in the local market versus the global market. How does this decision affect the final quality of the product manufactured by the company? Analyzes the factors of outsourcing and carrying out the necessary processes that benefit the company. What controls should a company establish to prevent the outsourcing process from affecting the quality of the final product?1. Study the supply chain integration of companies operating in Namibia below and identify the TYPE OR LEVELof Integration involved in each case. Please justify your answer! a) In 2013 Meatco formed a partnership agreement (Meatco-owned Cattle (MoC) Initiative) with itssuppliers to secure more cattle for slaughter. The initiative helps secure animals earlier in theproduction chain by procuring weaners and raising them to slaughter animals. b) Over the last year, much time and effort have been invested by Meatco's Information TechnologyDepartment to integrate the corporation’s supply channels and streamline the MoC initiatives,thereby ensuring that Meatco has full control over its biological assets.Identify the ten supply chain risks. Next, select two that you think are of greater risk than some of the others, as of today (MAY 2022) and why.