Provide the Colgate- Palmolive strategies that make highly efficient supply chain operation.ANSWER SHOULD NOT BE LESS THAN 500 WORDS. ANSWER SHOULD BE RELATED TO THE ARTICLE. THANK YOU. Question 2Read the case study below and answer the following questions:Colgate-Palmolive Supply Chain Excellency.Gokul Pankaj, April 2020.Colgate-Palmolive is one of the biggest names and a leading MNC in the FMCGindustry. Each one of us would have used at least one of their products in our lifetime.They have product lines in oral care, personal care, pet nutrition and home care. Withoperations in over 80 countries, spanning across 6 continents of the world, Colgate-Palmolive has their products sold in over 220 countries, carrying over 200 years ofheritage from its origin in the US.Colgate-Palmolive have always believed in consistency and focus on improving supplychain processes of their partners and consumers, by investing in growth. Close to 60%of the leadership's efforts goes into business expansion or driving productivity. Theseefforts are heavily driven by customer/partner collaborations that ensure efficientcommunication of targets through the value chain. Colgate-Palmolive has a strongfinancial leadership which drove 42 consecutive quarters of operating marginimprovement. This was achieved through manufacturing excellence that deliveredhigh volume products in shorter cycle times. The sales and operations planning teamswere exceeding expectations each year, thereby reducing the risk in the supply chain.Colgate-Palmolive adapted quickly to emerging technologies in database.management systems (DBMS). Efficient technologies such as these meant that withincrease in number of shipments, the number of improper or incomplete orders werereduced significantly whilst achieving lower inventory. The control procedures in theseintegrated systems are supported by SAP that is dependent on the signals of daily demand along with the replenishment orders of inventory. Besides the technologyusage, Colgate-Palmolive standardize the production of all the products under oneplatform for up to 85% of production, only to customize the products in the last 15% ofthe manufacturing process.In doing so, Colgate has managed to identify low value SKUs and concentrate theirefforts on providing high value products to customers. They have managed to identifythe 20% of SKUs that drive 80% of Revenue. This has enabled Colgate in increasingpromotions by conducting cross functional exercises with marketing and technology.Material simplification plays an important part in balancing product proliferation andachieving supply chain efficiency through product rationalization. Backed by asupreme R&D team, Colgate manages to simplify materials based on colours andproducts to cut costs.Long before sustainability became a trending topic, Colgate determined means toachieve zero waste manufacturing factories. Cycle time reduction and increased postadditional usage meant that Colgate achieved increased capacity with low losses inmaterial wastes and energy. The American giant has achieved GBCI TRUE ZeroWaste certification at 16 plants in 4 continents. Their commitment towards using lessplastic in packaging is evident in their efforts to develop a completely recyclable vegantoothpaste. Through the new product line. Colgate hopes to make the world a moresustainable place to continue living with tubes part of the circular economy.Colgate-Palmolive has gone onto show that excellence in supply chains can beachieved by doing the fundamentals right. The think tanks behind Colgate-Palmolive'ssuccess have beautifully illustrated how transparent communication can unlock supplychain profitability and efficiency. Colgate-Palmolive has managed to demonstrateevery supply chain enthusiast's dream, which is to, align business strategies withsupply chain management that can ensure achieving objectives effectively.productively and profitably.

Supply chain: Supply chain is defined as there is a chain between from raw material…

Question 2 Read the case study below and answer the following questions: Colgate-Palmolive Supply Chain Excellency. Gokul Pankaj, April 2020. Colgate-Palmolive is one of the biggest names and a leading MNC in the FMCG industry. Each one of us would have used at least one of their products in our lifetime. They have product lines in oral care, personal care, pet nutrition and home care. With operations in over 80 countries, spanning across 6 continents of the world, Colgate- Palmolive has their products sold in over 220 countries, carrying over 200 years of heritage from its origin in the US. Colgate-Palmolive have always believed in consistency and focus on improving supply chain processes of their partners and consumers, by investing in growth. Close to 60% of the leadership's efforts goes into business expansion or driving productivity. These efforts are heavily driven by customer/partner collaborations that ensure efficient communication of targets through the value chain. Colgate-Palmolive has a strong financial leadership which drove 42 consecutive quarters of operating margin improvement. This was achieved through manufacturing excellence that delivered high volume products in shorter cycle times. The sales and operations planning teams were exceeding expectations each year, thereby reducing the risk in the supply chain. Colgate-Palmolive adapted quickly to emerging technologies in database management systems (DBMS). Efficient technologies such as these meant that with increase in number of shipments, the number of improper or incomplete orders were reduced significantly whilst achieving lower inventory. The control procedures in these integrated systems are supported by SAP that is dependent on the signals of daily

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...