Assignment Sample on Supplychain Management
Assignment Task 1
Part A
1. Key Points
There are some of the important key points that are mentioned in the case study which are as follows.
The objective of the supply chain
The main objective of the supply chain must be maximized which may increase the main value which is generated during the process (Morais and Silvestre, 2018, p. 222). Moreover, the value that is generated is the difference between customer value and the cost of the supply chain which can be very much important in this case.
Competitive and Supply Chain Strategies
The competitive strategies of the company are mainly based on the fact that includes customer satisfaction as well as the service that is provided by the company to its customers in order to increase the efficiency and overall productivity of the company (Morais and Silvestre, 2018, p. 222).
Drivers of Supply Chain Performance
The drivers of the supply chain are very much important in the case of the implementation of the total profit that is gained by the company. The drivers of the supply chain help to achieve the balance between the response and the efficiency that supports the company’s competitive strategies.
Factors Influencing Distribution Network Design
There are various factors that influence or affect the distribution network of the design of the supply management which can be very much important in the case of the implementation of the supply chain process. The dimensions in which the distribution should network design should be evaluated are the needs of the customer that are needed to be satisfied and the cost of the meeting that is needed by the customers (Morais and Silvestre, 2018, p. 222).
The Role of Aggregate Planning in a Supply Chain
The company must make a proper choice in the matters such as the capacity level, production level, outsourcing and promotion which are known by the company beforehand. This helps the company to plan different types of aggregate planning which are related to the supply chain of the company (Vijayvargy et al. 2017, p. 12).
2. Parts of the notes which are reinforced by the case study
There are some parts in the supply chain management that are reinforced by the case study which includes the following factors.
Decision Phases in a Supply Chain
The success of the supply chain depends upon the decisions that are taken in the case of the flow of the information as well as the products which mainly funds the project and the process in which it is done (Vijayvargy et al. 2017, p. 12). Moreover, first comes the supply chain design which is one of the most important categories of the supply chain decisions. It decides the chai’s configuration which is very much important in this case. Then comes the supply chain planning which includes the estimation of the planning that is made with the help of the supply chain’s configuration. Moreover, this type of phase increases the supply chain surplus that can be generated over the horizon time. Then comes the operation of the supply chain on which the time horizons are weekly or daily (Vijayvargy et al. 2017, p. 12). This phase helps the company to take decisions considering the requirements that are based on the customers.
Expanding Strategic Scope
The main thing that relates to the strategic fit is the scope which is related to the supply chain management system which mainly is compatible with the strategic fit. The scope is expanded within the company and is used to implement different stages in which the supply chain management is integrated and stored which can be of many types (Gong et al. 2019, p. 95). Moreover, there comes a condition whine every stage of the operation which is within the functional area mainly implements an independent strategy with the domain objective of determining the most optimized process of the performance of each individual of the company (Gong et al. 2019, p. 95).
3. Feedback Session
(i) Summary
The study is very much important as the supply chain has globalized and the countries have been developed. It can be said that with the development of the total population of the earth the world’s resources and the environment will not be able to take the load of the development and might be very problematic for the future generation. Moreover, there are many actions that improve the sustainability of the supply chain which can be very much important in the case of the implementation of the supply chain management. Finally, it can be said that supply chain management can be very much important in increasing the effectiveness and productivity of the company which is very much essential in the global market.
(ii) Key theoretical points
The theoretical points that are taken into highlight here are the objective of the supply chain management as well as the competitive strategies that can be very much important in this topic (Moktadir et al. 2018, p. 632). The drivers of the supply chain are also mentioned here which helps the process to work and maintain a balance between the response and the efficiency that supports the company’s competitive strategies (Gong et al. 2019, p. 95. Moreover, the factors that affect the total implementation of the distribution network is also very much important in this case along with the role of the aggregate planning inside a supply chain (Moktadir et al. 2018, p. 632).
(iii) Concept of the supply chain management in real life
Supply chain management is linked to the success of a company that is competing in the global market which can be a major issue (Dias and Ierapetritou, 2017, p. 827). A company with good supply chain management can decrease the operation cost which is very much important for the productivity of the company and the efficiency of the employees (Dias and Ierapetritou, 2017, p. 827).
(iv) Summary of the notes reinforced
There are two factors that are very much important and taken into consideration in the study which are the decision phases in a supply chain and the expanding strategic scope. The decision phases are linked with the process in which there are various steps that need to be followed when making a decision for the company and its employees. However, in the case of the expanding strategy scope, it can be said that the strategic fit is the scope that is related to the supply chain management system
(v) Summary of learning
From this study, it can be said that the main concept of supply chain management is very much important and is essential to be used by the companies to increase the productivity of the company. Moreover, the objectives of the study are very much clear and to the point which helps to know more about supply chain management and its uses. There are different key points that are being considered here and the implementation is based on that.
Part B
Executive Summary
This study mainly deals with the various sector which is related with the development of the suppliers and the customers who have been examined and evaluated in the given module and the importance of the various factors which lead to the success of the manufacturing companies.
Introduction
Supplier development is a type of process in which there is a collaboration with some suppliers which is based on the factor of the one to one interaction in order to improve the performance and increase the productivity of the company or organization. Moreover, this contributes to the improvement in the value which is totally added in terms of the product or service that is being offered. Moreover, customer development is a very important framework that helps to validate and identify the different needs of the customers who are very much important in the case of the implementation of the project.
Objectives
The objectives are as follows:-
- To determine the various factors those are related to the supplier and the customer development.
- To determine the contribution of the customer and supplier co-development for the success of the manufacturing companies.
Reason for the co developments
Co-developing is one of the most important factors that are related to coping up with the global competition which is very much important in the world and had a diverse effect on the different types of business that are related to the customer as well as the supplier development (Ahmed and Sarkar, 2018, p. 808). The main importance of co-development is to determine or to enhance the productivity of the market which has various sectors and is very much important for the implementation of the company’s profit. Moreover, it also helps to increase and develop the costs of the company which can be a key factor in the global market. By following the various development processes the company can easily secure a strong position in the market to develop various factors which are important in increasing the productivity of the company (Ahmed and Sarkar, 2018, p. 808). As the people work together in the co-development of the customers or the suppliers, it helps the community to basically identify and produce community factors and norms which are very much important in this study (Ahmed and Sarkar, 2018, p. 808). The people working together need to be able to trust each other so that the work can properly be done and the outcome can easily be implemented and the benefits are from both sides.
Supplier, customer and supplier/customer co-development
The main findings of the study suggest that due to the cause of the supplier’s aim to commercialize or to invest money which may result in the implementation of the supplier product (Ivanov, 2021, p. 11). The supplier has a very large scope of perception which is related to the co-development of the process which can be very useful in this case and the importance can be of many types. Moreover, co-development is a process that can be voluntary or can be based on the management in which all the different types and customers collaborate in the production as well as in the implementation of the product or the item that is being sold by the supplier and is bought by the customer. Moreover, both the process is related to each other and the deduction of one source can affect the other which makes the collaboration very much unstable and the transaction can not happen. The main objective of the employer is to implement the different types of the product that is very much needed in the case of continuous administration (Ivanov, 2021, p. 11).
Developments
The development can be seen in many places which can be the development of the process in which the whole process is affected. There is a various process in which the most important development is that of the company which sells and produce products from other sources thus implementing a huge role in the sales of the company. Moreover, the design of the project plan of the company must also be developed so that the company can function properly (Ivanov, 2021, p. 11). However, the most important type of development is communication which is very much essential for companies to do business with customers or consumers. Moreover, there must be a good relationship between the employees of the company so that the internal conflicts in a company can be addressed and the most important part is that the use of various communication skills to understand the requirements of the clients and the customers. However, if the company does not have proper communication with the customers then it can be a very huge problem for the company as well as the customers that are related to the company (Zhang et al. 2020, p. 107928).
Who is involved?
The customers and the suppliers are mainly involved in the case of the development which can be a very big factor for the analysis of the total production of the needs that are required by the customers and the company must look into that matter so that the productivity of the company can be kept increasing and the efficiency of the employees must also increase which affect the overall profit gained by the company and the company can secure a very strong place in the global market (Zhang et al. 2020, p. 107928). There must be a proper relationship between the customers as well as the suppliers so that the work can be implemented properly and it might help the company to increase the quality of the product which is very much important in this case. However, bad communication can lead to the failure of the business and the customers will not be satisfied which might be a very big problem for the company and the company might face major problems which may lead to other complications (Zhang et al. 2020, p. 107928).
The process to obtain it
There are various process in which the customer, as well as the supplier development, can be obtained which are described below.
Supplier selection
The proper selection of the supplier must be encouraged which is very important in the case of the implementation of the development. The suppliers are expected to perform better and that is why the companies might have large suppliers depending on the base of the customers (Zhong et al. 2017, p. 19).
Developing of an approved suppliers list
It is one of the most important processes in which the base of the suppliers are evaluated and inspected properly so that the productivity of the company might not go down (Zhong et al. 2017, p. 19). The approved list of the suppliers helps the company to keep an eye on the suppliers and also to maintain the different implementation of the requirements that are expected by the customers.
Auditing suppliers
For most of the audit suppliers, the process in which the data is collected and presented to the company can be very much important and is very much important for the quality management system (Zhong et al. 2017, p. 19).
Risks, cost and benefits
Risks
There is a various risk that is very much important to eliminate or else the development can go to waste. The risk may include the long and frustrating bureaucratic process which can be related to the base of the supplier development (Attia and Salama, 2018, p. 22). Other risks that may appear are the on boarding of the customer base, miscommunication and lack of transparency which can be a very critical issue.
Benefits
There are many types of benefits that can be seen in customer and supplier development. First the full clarity of the objective between the organization and the supplier (Kazancoglu et al. 2018, p. 1283). The case in which there is improved collaboration between the organization and the supplier can be very much important. Moreover, the sourcing activities, as well as the lead times, are reduced and it works with perfect efficiency. Furthermore, it helps to increase customer satisfaction and also the awareness of the supplier which can be of various diversity (Attia and Salama, 2018, p. 22).
Cost
The cost mainly is used to implement the various ways in which the budget of the program is used and the given program is very much important for the implementation of the different types of development (Attia and Salama, 2018, p. 22).
Measures to control it
First, the main risk is identified and is managed with the help of various methods which are explained below.
To know the information that needs to be collected
The first step is to define the information which is needed to be collected and presented. This can be done with various processes such as the use of the different types of questionnaires through interview and many more (Kazancoglu et al. 2018, p. 1283).
Engage the organization
The organization must know how to engage with the customers or else there will be problems that are related to the organization and proper data cannot be collected. All the aspects of the company must know how to interact with the customers or the productivity of the company is hampered and the company might face losses.
Priorities the Suppliers
The suppliers must be given the maximum priority so that the company get the products continuously and might help the company to implement various methods that are important for the development of the process (Kazancoglu et al. 2018, p. 1283).
Identify the solution that best suits the need of the company
The solution must be properly identified and implemented so that it doesn’t affect the aspects of the company and it might lead to an evaluation of the smooth ending which is very much important in this case (Agrawal and Narain, 2018, p. 012074).
Define the process with the supplier for dealing with responses
The most important point which can be derived by the customer, as well as the supplier, is the data that has been collected (Agrawal and Narain, 2018, p. 012074). Moreover, there must be proper data that should be collected and the responsibility should be divided among the different person so that the work environment can be spread and implemented properly.
Lessons learnt
The lesson learnt in this study is that there is a very vital connection between the customers and the suppliers which mainly affects the growth and development of the company or organization. There are both chances of having negative as well as positive effects on the company which can be very much vital (Agrawal and Narain, 2018, p. 012074). Moreover, it is very important to reflect the fact that it worked properly or not and this can be a very important problem for the implementation of the various data that are present within the company. There are also some needs to improve which are highlighted in the study and the study states that the company should not avoid the various parts which need proper attention and maintenance so that the productivity of the company keeps on getting high (Dubey et al. 2017, p. 17).
Future trends
There are many types of future trends that have come in the field of customer and supplier development (Dubey et al. 2017, p. 17). For example, the digitization of the supply chain, the introduction of cloud memory to store data, the omnichannel supply chains which is very much important for the implementation of supplier and customer development. Moreover, sustainability is one of the major factors that can affect the development of the company. Growth in the supply chain can also be implemented and the introduction of the internet has totally changed the world which is very much important and lastly comes big data analytics which can be a major factor in leading the future of development (Dubey et al. 2017, p. 17).
Conclusion
Conclusively it can be said that the importance of customer and supplier development is very much mainstream and the person may find it quite challenging. Moreover, there must be proper communication skills that need to be implemented in the company so that the needs and requirements of the customer may be understood by the employees of the company and provide proper customer satisfaction which is very much important in this case. Moreover, the lesson learnt and the implementation of the study for the future generation has also been fed into the study.
Assessment 2
Part A
Critically review on the axioms of the supply chain optimisation
Every successful business relies with the all-efficient supply chain management system in order to run for the everyday operations. However, some more successful companies are also sophisticated with the overall techniques of supply chain management systems. It has an active space in innovation with all aspects of the supply chain (Wang et al. 2021, p. 40). On the other hand, the pull and push strategies in the supply chain management have an overall approach of work within the business.
Supply chain strategy
On the part of procurements raw material there the whole process is required with the final delivery of the goods, that is rely on the supply chain management system in order to quickly and efficiently handle the all process (Kabulovand Ruzibaev 2021, p. 32). Moreover, the supply chain is dictating with all products that are made, delivered and stored in the retail store. It is a quite complex task that has a lot of future proofing to the delays and other volatilities. Additionally, the push and pull strategy is included in the supply chain logistics that helps the company for out the supplier based various factors with the needs.
Pull supply chain
The pull supply chain is the process of manufacturing and the supplying that is driven with the customers actual demands. It i9s the one type of supply chain that has a logistics inventory for the accrued needs. However, the benefits of this planning are included with the all less wastages with the case of lower demands. However, the company has enough inventory in order to meet all demands that have unforeseen factors (Schelleret al. 2021, p. 30).
Push supply chain
The push supply chain is driven with the long-term projection on the customer demands. This is a planning that is becoming valuable for all companies which helps to plan the events in future. However, it also gives a company time that meets the needs of time and also gives a time figure for the logistics inventory.
Streamline supply and demand
Mass production
It is a high-level process of review in order to document the all-current business that identifies all ways in order to streamline supply on the essential chain operations. However, the process of the integrity supply chain helps to pinpoint the all problems that are occurring along with the all process, business, for making an action and also reduce the cost(Romero-Silva and de Leeuw 2021p. 35). Moreover, every transaction is typically touched with the all several systems that are included with the all-enterprises resources of management system, and the functional system. The information is needed to share with the all-parallel system that is owned by the customer.
Mass customization
The mass customization is consisting with the all production, design, delivery and marketing of the customized products as well as the services (Nia et al. 2020, p. 28). However, some of the strategies of the mass customization, product design, supply chain management system, the web any many more. Moreover, the supply chain management system is trying to introduce the concept of the enterprises in order to promote the all collaboration of the suppliers. Moreover, the mass customization strategy has an implementation that reflects on the functional focus, marketing, product design, sourcing and manufacturing.
Discussion
customer demand
People migrate with the all-environments reasons that are pulled towards the all-physical attractive areas from the all hazardous zone. It is the process that is immigrants with the all face of intervening obstacles. Moreover, the culture and the environmental features also pull the factor that is driven with the current place. An environment’s pull factors are driven with the all-current place that has more natural resources, better climates and the popular landmarks.
Nearly 80% of the world’s population lives near the water sources. However, a main environment is pulled with all factors that have limited resources on the other necessity forces over the globe (Linharesand Machado 2020, p. 45).
Excessive levels of inventory
However, the company carries an excess stock that has an inventory on the typical issues that is the cause of a poor management system on the demands of forecasting as well as the replenishments (da Silva et al. 2020, p. 40). However, the excessive stock level comes with the many different considerations of coats where the organization is concerned about this. On the other hand, the excessive stock is used for the inventory management that often has a different number of things like, overstock, excessive stock, and the excess inventory (Heikkilä, 2020, p. 25). The carrying costs is across with the all number of different factors that are included with the all rent, mortgage payments, labourcost, equipment cost, insurance, utilities and the interest. It has the best classification on the declining stage within the product life cycle that is represented with the graph.
Characteristics of pull environments
A strategy of the pull marketing is also called a pull promotional strategy which is referred as the firm aims in order to increase the demands with the product and the customers. However, the pull marketing strategies are used in the all conjunction of the marketing strategy. It is the goal of the customer in order to make an active product that has great reapers on the stock of the product with the response of direct customer demands Salas-Molina et al. 2020, p. 45). A production company is run with the marketing campaigns that are directly included with the customers. However, a marketing strategy of pull is contrasted with the whole product as well as the response of the supply chain. Pull marketing is the method that is used in the company in order to generate all demands of the products (Lima et al. 2020, p. 38). However, it is constructed with push marketing that has an intended strategy in order to sell with the existing supply of the products. On the other hand, it is especially popular for the all-effective internet of marketing where the benefits of the pull marketing are generally independent with the all-social behaviour.
Part B
Lean tools
Lean tools are the tools that are used to reduce the waste or the unimportant things that are present within an organization or inside a company (Nguyen et al. 2021, p. 102282). It is mainly used to check the quality factor of the company. In the case of supply chain management, the lean tools are very much important and must be implemented properly so that the overall quality management of the company can be kept constant and the company can keep productivity high (Nguyen et al. 2021, p. 102282). There are various kinds of lean tools that are important to keep the stability of the company and thus the company can offer proper service to the customers. Some of the important lean tools are line balancing, TPM, JIT production, 5S and many more.
Benefits of supply chain optimization
There are many benefits of supply chain optimization which include that it helps to improve communication, it helps to maximize the access to information that can be collected very easily (Han et al. 2020, p. 12). Moreover, it mainly keeps the fact alive that the rules that control the management of a business can be very much important. It helps to reduce the costs which can be an essential factor in the business. However, it helps to maximize the sense of control in many employees so that the employees can work properly and can increase the productivity of the company.
The improvements in inventory reductions
The reduction of the orders cycles, as well as the quantities of the order, is a very important and innovative idea to improve the total turnover or the total cost of the inventory (Kumar and Iyengar, 2017, p .126). The orders which are small give the company more flexibility and the quality of the work increases which can be very much important in the case of the productivity of the company.
Cash-to-cash cycle time
The cash to cash cycle is mainly calculated with the number of days in which the cash is invested in the inventory which can be very much important for the implementation of the uncollected earnings obtained by the organization and it remains with the company as the company is yet to pay the bills that are very much prominent (Kumar and Iyengar, 2017, p .126). Moreover, it describes the cash flow which can be either in or can be out of the business. This process mainly helps to understand and determine the total amount of funding that is needed to be invested in the operation that is going on.
Lead time reduction and profitability
Reducing the lead time is very much helpful for the company and it helps to improve the overall productivity of the company (Han et al. 2020, p. 12). Moreover, it is a very important process that can improve the condition of the company like it help to remove the unnecessary task and helps to conserve time which can be very much essential in the case of the implementation of the data and information of the company or the organization.
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