7ENT1069 – Procurement and Supply Chain Management Assignment Sample
1. Supply Chain Management Approaches
With respect to the market demand analysis of the projected production rate by the company, such as “Honda Motor Company” ascertain many of the key components alongside the “supply chain management” issues. The necessity that is important to aggravate for analysing the automotive sector depends on some sort of implemented efficacies and accentuated approaches. This car manufacturing unit accelerates its conduction to gain a minimum range of 95% of the commercial advancement (Honda Motor Co., 2022). The implemented approaches are consistent with several factors, such as – the 54% possibility of launching new products as per the market demand. In contrast, the other multi-strand facility of the manufacturing entity caters to the acceleration of 24% of the overall revenue services.
In addition, at least 60% to 80% possibility requires to be implemented on the priority allocation service to determine the tendency of manufacturing venture. In fact, the profitable techniques for modelling and remodelling the thing of automation services prepare a consolidated ground for necessary impetus (Jackson and Pfitzmann, 2022). All the potential manufacturing units, including the stakeholders and the suppliers, eventually can prove that the “source-based knowledge” is more effective and influential than the “price-based knowledge” as per the model structures. In fact, the other significant approach relies on 87% to 98% effort in considering the pricing strategy of the manufactured products as essential indicators to determine the “supply chain management” services.
The effort of multi-channel fulfilment and the necessary acceleration for the management issues with a lot of potential in order to determine the provocative accuracy with at least 1% is accessible. As per the explanation of Walker et al. (2021), the essential aggravation with the considered possibilities of automotive infrastructure and the commercial leverage balances have been implemented. Furthermore, the organizational strategy to fix 50% of the overall solutions has been channelized into the connected evaluation with a lot of assumptions for the company of Honda Motors. As per the sourcing philosophies, and the management statistics, knowledge-based consumers take up more competitive advantages, whereas, price-based consumers only pose as independent providers (Shojaei and Haeri, 2019). Henceforth, the motivating factors of cost-management and the immediacy of the company-supplier relationship with more possibilities.
The association o0f all the pricing models and the necessary associations with a lot of capabilities to combat the other market entrants, such as – Toyota makes the possibility for further establishment of long-term strategies. In fact, the assessment of the novice supplier with that of the mature suppliers creates the ascending effective process by bridging the gap between focus and customer involvement (Nguyen et al. 2021). The process of developing human resources along with supplying raw materials by the suppliers in the marketing scenario prepares the potential tendency to accelerate the situation to be more effective. In fact, the “new generation” of developing the new models makes the associated advantages for the company of Honda Motors in the global context.
The assessment of the “agreed-to cost” structure determines almost 78% of the overall productivity benchmarking has proven itself to be very competent in informing the assessment and the modified evaluation. The factors of quality maintenance, pricing strategies, and delivery efficiencies are some of the effective factors related to Honda Motors in the marketing aspect. Almost 50% more quality management techniques, 80% of the stability achievement makes the collaboration with a lot of negotiable intimidations (Pai et al. 2018). On the other hand, facilities of revenue structure with at least 90% of the projection and balancing between investment issues and the profit-making eventualities have been proliferated so far. Therefore, the probability matrix to combat the competitive advantages and the advancements has been associated with the context of the recent evaluation of the case study.
2. Effectiveness, Efficiency and Feasibility of Supply Chain Management Approaches
The effective outcome of the SCM in the automobile sector has certain efficiencies so far. In fact, the necessities of effectiveness, efficiency along with feasibility are adequate to prepare for various activities in the sector of automation (Nunes et al. 2020). Moreover, the tenure of 20% to 50% of the investment criteria accelerates the changes and the intimidating chain of power supply as per the authenticity of the context. The factors of transportation, measurement of inventory facilities, and the skill development issues to assimilate a 100% equipped workforce with adequate work culture makes the provision for a lot of significant employment issues.
All these efficiencies can cater to the magnificent valuation of all the affordable cost structures according to a standard way of supply chain management system. Furthermore, the provision of at least 95% accentuated evaluation is associated with the tendency to channel the automatic manufacturing units in the market scenario (Qazi et al. 2018). Although the connection of the efficiency with a lot of practices by the management portal of the company policies, the suggestive supply chain, data management, and all the other efficiency have been incorporated in this recent scenario as projected by the case study. In contrast, the feasibility purpose has a lot of connected infrastructures for a lot of associated evaluations (Bai and Sarkis, 2020). On the other hand, these situational advancements have 80% controlling efficiency towards solving the matter at a potential ground and certain calculations.
Additionally, the management criteria about the supply chain efficiency determine the provocation for sudden overcharges and company policies. Almost 75% of the connected evaluation and the segmented evaluation have been accelerated with the possible changes and turnovers. Furthermore, the categories of the stakeholders and the necessary turnovers that the company, such as Honda Motors evaluate are associated with the connected syntaxes so far. In contrast, the tendency to amalgamate the negotiated evaluations and the discussed provocations according to the reflection of the present case study actress for achieving 56% of the revenue services and 89% of the gross profit as per the fiscal years of recent times (Nunes et al. 2020). Therefore, the opportunities as per the strengths of the company, along with weaknesses and strengths are accelerated with some sort of provocations. The associated threats of the market segmentation often evaluate the structure of the ground as a whole. The study shows an Effectiveness supply chain helps to create the major optimum utilisation of its respective resources and that contains technological, financial and human parameters to perform in the market. As a consequence, it decreases operational expense for packaging and material and decreases time wastage in the operation of the management function of a company in the business. As a result, the effectiveness of SCM in the organization of Toyota and Honda performs well in the automobile industry (Qazi et al. 2018). Simultaneously, in the enterprise`s capability to utilise expertise, digital machine and resources in terms of decreasing logistics prices and maximise benefits. On the other hand, the real purpose of the Efficiency supply chain is to preserve capital and maximize benefits by “optimizing” the operation and levels in the supply chain
Moreover, Feasibility Supply Chain basically depends on the management of various factors like market assessment, a configuration of the firm, vulnerability and analysis of the whole operation of the company. The study shows these three kinds of Supply Chain components help Toyota and Honda to improve their management function and earn maximum profit.
3. Evaluation of the Risk Factors
Requirements for the high efficiency of the employees: The main purpose of engaging employees in the SCM is to elevate the operation of the business. As a consequence, the firm will run on the path of growth and development and this can only happen after the supervision of some valuable factors. Therefore, the company mostly looks upon those factors which are improvement of product and service. Another factor is focusing on fulfilling dem, and of their customer and through this the firm will achieve its target in the automobile industry. The study demonstrates not only this but also supports the improvement of inventory management which generally regarding the financial data of the organization. Subsequently, it helps to examine the forecasting of sales in the market in comparison to other automobile companies in the industry. The company know it only happen after the appropriate type of training after the hiring process by the HR management. Often increase the communication feature between leaders and employees to make efficient while concerning in the operation of the SCM in the automobile industry (Shojaei and Haeri, 2019.). The firm has to mitigate this risk factor in the automobile industry compared to different motor car companies. As a result, the company will sustain its function in the management asset the function and collaborate with various types of chains to attain its target in the market. They know if they want to reduce the respective risk factor then they must utilize all kinds of innovative, advanced and initiative kinds of assets in the business.
Low reliability of the process: The Company particularly deals with frequent performance in the function of the SCM of the company in the industry. The main object of the evaluation of this risk factor is to modify the approach so that the firm can earn a great amount of capital. The firm knows if they decide to run its business for a long-term purpose then the organization has to transform its operational activity and adopt a digital outfit (Chen et al. 2019). As a result, the company will perform great manner in the market and often fulfil the demand of the customers. But this only comes faster the improvement in the reliability in the function of SCM in the market
Decision-making process: Decision making is one of the most important factors in the risk management process and sometimes it is often very difficult. In the decision-making process, all the information is solved through decision analysis. The decision-making process is based on one or more of the 4Ts which are part of the risk response strategies that include: Terminate, Tolerate, Treat as well as Transfer. The well-designed risk 4response portfolio concentrates on reducing the occurrence of the risk as well as the plans for recovery to assure the continuity of the business of Honda as well as Toyota. It is also possible to reduce the possibilities of financial loss by enclosing the techniques as well as the purchase of the insurance. Additionally, the evaluation of the risk response is needed by taking into account the cost, views as well as advantages of the stakeholders of Toyota as well as Honda. The response to the risk that is not cost-effective is normally thrashed (Walker et al. 2021). The decision is developed around the requirements to make choices on what to do or not to do as well as select either of the choices from the list of options. The options available are often referred to as constrained by the business, technical, social, safety as well as environmental needs and objective
.Reference
Bai, C. and Sarkis, J., 2020. A supply chain transparency and sustainability technology appraisal model for blockchain technology. International Journal of Production Research, 58(7), pp.2142-2162.
Chen, T., Wu, S., Yang, J. and Cong, G., 2019. Risk propagation model and its simulation of emergency logistics network based on material reliability. International Journal of Environmental Research and Public Health, 16(23), p.4677.
Honda Motor Co.,Ltd. | Honda Global. 2022. Honda Motor Co.,Ltd. | Honda Global. [online] Available at: <https://global.honda/> [Accessed 7 May 2022].
Jackson, Bill. and Pfitzmann, Michael, 2022. Win-Win Sourcing [online] Available at: <https://www.strategy-business.com/article/07207> [Accessed 7 May 2022].
Nguyen, H.D., Tran, K.P., Thomassey, S. and Hamad, M., 2021. Forecasting and Anomaly Detection approaches using LSTM and LSTM Autoencoder techniques with the applications in supply chain management. International Journal of Information Management, 57, p.102282.
Nunes, L.J.R., Causer, T.P. and Ciolkosz, D., 2020. Biomass for energy: A review on supply chain management models. Renewable and Sustainable Energy Reviews, 120, p.109658.
Pai, A., Veesam, V.S., Babu, B.S. and Pareek, P.K., 2018. Six sigma approaches used in implementing in supply chain management: a review. Research and Applications of Web Development and Design, 1(2), pp.12-16.
Qazi, A., Dickson, A., Quigley, J. and Gaudenzi, B., 2018. Supply chain risk network management: A Bayesian belief network and expected utility based approach for managing supply chain risks. International Journal of Production Economics, 196, pp.24-42.
Shojaei, P. and Haeri, S.A.S., 2019. Development of supply chain risk management approaches for construction projects: A grounded theory approach. Computers & Industrial Engineering, 128, pp.837-850.
Walker, A.M., Vermeulen, W.J., Simboli, A. and Raggi, A., 2021. Sustainability assessment in circular inter-firm networks: an integrated framework of industrial ecology and circular supply chain management approaches. Journal of Cleaner Production, 286, p.125457.
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