As an expert in supply chain risk management, you have been tasked by Toyota South Africa to aid them in conducting an extensive risk assessment. Your task: Develop a comprehensive risk management plan for Toyota South Africa. Your plan should include a critical analysis of five potential sources of risk that may arise in Toyota’s supply chain. You should also provide recommendations for mitigating each identified risk. Your risk management plan should be well structured and based on theory from the prescribed book. Note: you may refer to the risks that Toyota South Africa encountered as described in the case study. However, it's also important to identify additional risks that are not discussed in the case study but that would be applicable to Toyota South Africa.

As an expert in supply chain risk management, you have been tasked by Toyota South Africa to aid them in conducting an extensive risk assessment. Your task: Develop a comprehensive risk management plan for Toyota South Africa. Your plan should include a critical analysis of five potential sources of risk that may arise in Toyota’s supply chain. You should also provide recommendations for mitigating each identified risk. Your risk management plan should be well structured and based on theory from the prescribed book. Note: you may refer to the risks that Toyota South Africa encountered as described in the case study. However, it's also important to identify additional risks that are not discussed in the case study but that would be applicable to Toyota South Africa.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
What is Supply Chain Risk Management? Supply Chain Risk Management (SCRM) is the process of identifying, assessing, and mitigating the risks of an organisation’s supply chain. Implementing global supply chain risk management strategies can help an enterprise operate more efficiently, reduce costs, and enhance customer service. Supply Chain Risk Management Explained Supply chain management refers to how organisations manage the flow of their goods, including all the processes involved in transforming raw materials the organisation consumes into finished products or services the organisation offers. It includes planning and managing, sourcing, procurement, conversion, and logistics. One primary reason that companies implement a global supply chain management strategy is to boost their competitive advantage. That said, the globalisation of supply chains can also increase the potential risks to quality, safety, business continuity, and reputation. Masodi Organics has a warehouse located…
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a logistics and supply chain management student you have completed key aspects of the discipline throughout your qualification, namely sustainable supply chain management, warehouse management, purchasing management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • The role of supply chain management as a critical component of management. • Your opinion of supply chain management in creating a competitive advantage for an organisation. • Your experience of learning the discipline of supply chain management. • What were your challenges and difficulties when engaging with supply chain management related content? • Which component within the supply chain discipline you enjoyed learning about the most and could this be a potential career path? Why or why not?
As a supply chain and logistics management student, you have completed key aspects of the discipline throughout your qualification, namely, purchasing management, supplier relationship management, warehouse management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • Which areas of this module did you find most interesting and challenging to learn about? Why? • If the procurement process for inventory is not ethically done, what do you think would be the impact on organisations? • Do you think the individual responsible for managing inventory i.e., performing ABC analyses or tracking inventory through a warehouse needs to be analytical? Why or why not? • Would using artificial intelligence through computer programs give a non-analytical person an advantage? • Could a career in inventory management be the future for you? Why or…
Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer's demand over an 8-week period was 110 units each of the first 2 weeks, 190 units each of the second 2 weeks, 310 units each of the third 2 weeks, and 400 units each of the fourth 2 weeks. The following table presents the orders placed by each firm in the supply chain. Notice, as is often the case in supply chains due to economies of scale, that total units are the same in each case, but firms further up the supply chain (away from the retailer) place larger, lessfrequent, orders. WEEK RETAILER MANUFACTURER SUPPLIER 1 110 220 600 2 110 3 190 380 4 190 5 310 620 1420 6 310 7 400 800 8 400 a) What is the bullwhip measure for the retailer? The bullwhip measure for the retailer is ______. (Enter your response rounded to two decimal places.) b) What is the bullwhip measure for the manufacturer? The bullwhip measure for the…
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