MOD007698 Supply chain assignment Sample
Introduction
An effective supply chain is integrated to turn that into the competitive and successful aspect and taking the same into consideration; the proposed report focuses on a case study of the supply chain (Greger et. al. 2016). The growth prospects and access to capabilities are covered in this analysis in the given report for Abtech company. By using diversified set or types of theories, framework and models of management highlighting the data shared about the supply chain; an efficient supply chain strategy is formulated. Development of the strategy related to the supply, using different theories and frameworks and various models or making a conceptual basis for the establishment of the supply chain, deserves the company to reassure the capabilities and the opportunities which grow from time to time. A series of valuable insights and recommendations which describes the establishment of the supply chain is discussed after the closure of the whole analysis.
Scenario analysis
This case study is based on AB, a tech start-up company headquartered in the US. Based on recycling, old mobile phones and tablets. The company have developed a new thinner LCD touchscreen glass. The company’s chief executive officer completed his PhD while starting the business at the college, where he achieved numerous awards for his excellent research. Various researchers, scientists and engineers by the chief executive officer, are developing the concept of high-volume production organisation (Ahmad et. al. 2017). The potential to expand its business in Mexican and European markets is visible. On the other hand, the company has partnered with different kinds of e-waste organisations in the US.
The company is also attaining severe pressure to grow its contracts in the future from the investment banks. The bank can see a huge potential worldwide as the technology in manufacturing products is under global patent where any short-term competition is found. One risk of managing suppliers is affecting the chief executive officer of the case company to expand his plans of developing a sustainable supply chain strategy which can considerably gain financial funding. By the year 2050, the government of the US will be operating zero-emission waste.
To manage the waste, high interest from different companies is perceived. The company can easily provide the product demand of the services as finance is the company’s strong team, which has around 40 people to focus on and organise on companies’ general operations and deals with problems like blocking sand filters which can halt the entire production operation (Das, 2017).
The aim is to manage the supply chain by using sustainable methods. The company is currently in a very good position to ensure its global presence expands in the coming five years. According to the present case study, the spot situation of the company is focused on its inventory management, e-waste process, optimisation, abilities and capacity planning.
It can be clearly expressed that the company owns quality team members for the expansion of the company. Through correct planning, the company can surely show growth in the global market in the coming five years as Abtech company provides and receives opportunities by continuously growing using proper supply chain planning (Gunasekaran et. al. 2017). To develop a sustainable supply chain, it should always identify five the certainty and the risks that can harm this process. To deal with the issues, the company should focus on its contingency planning to develop a stronger supply chain management.
Sustainable supply chain strategy for Abtech
SCOR model
The tool of management efficiently used for improvising, communicating the decisions of management and for addressing supply chain of the said firm along its suppliers and users is efficiently used in this SCOR model. The model’s top components comprised sourcing, planning, making, delivering and returning, which describes establishing the supply chain globally. The 1st step involves improvising the supply chain’s coherence by balancing the resources with needs and determining regulations that supply and demand planning is efficient (Leonas, 2017). The second step of this model, describes referencing of infrastructure and acquisition of materials, is the 2nd step of this model, sourcing. Aptech should focus on producing the needs at global level and provide proper office for management of concerned orders according to this model’s 3rd and 4th steps. Transportation assets, requirements in accordance with the concerned rules and regulations, business rules, and return inventory make the management Return the last step. Abtech Company can gain different perceptions through implementing this model to observe the advancements of their supply chains.
Supply chain outsourcing
Different kinds of risk are also defined as activities related to outsourcing. Supply chain management can surely benefit the company. When the supply chain gives you a reduced cost, it gives you a benefit: a better-utilised workforce, affordable materials, and a higher range of logistics, other results of outsourcing products. To expand the business, the team members need the time to focus on the project in which they can improvise relationships with customers, invent new ideas and signify marketing endeavours (Panda et. al. 2017). To make sure that they are completely satisfied with the consumer demand, the product should be firm in the market as the other parties will focus on their work. Using bad decisions of outsourcing, the supply chain and production tasks can harm the association with our stakeholders and the companies based in the US.
Modelling and forecasting of sales: Analysis of the core aspect and impacts over suppliers (downstream)
Market research is usually used to predict the chains for demand and supply as a suitable forecasting technique, which later on can be used by the company for hiring another party. Another method which experts analyse with advisors of the group, which is small, makes judgements about the market is Delphi (Paulraj et. al. 2017). The downstream suppliers were positively affected by the sales volume by identifying these forecast techniques.
Supply chain: Analysis of Environmental and sustainable aspects
The sustainability of the supply chain depends on the development of the global supply chain, which is the most important overseas task. The operations conducted by the suppliers or according to the standards can maintain the environmental measures and the social measures equally. Environmental degradation, greenhouse gas emission, water, security, pollution, deforestation or the issues which should be included in the environmental standards, safety and working conditions (Wu et. al. 2017). Health-fair labour practices should be considered along with social standards. The impact can be positive on investors and consumers. Then a company is racing to develop an ethical and accountable supply chain.
The resilience of the supply chain can add to its development. All the aspects, such as environmental, financial and social, affect the supply chain positively. The footprint must improvise the company’s sustainability strategy by using all the green energy resources.
Supply chain risk management
By splitting the markets, which are potential and the locations of the production facility, development of an efficient supply chain can be done. The same will be globally recognised so that it can define the risk that can harm the operations. The process technology, resources and people who are involved in this process might be affected by the risks that are taking place (Dissanayake and Cross, 2018). In other words, Risk-taking during the supply chain operation can lead to a high impact of disruption. Supply-demand process control risks are the main key points of risk in the supply chain. Changing customer demand, globalisation, lead times, stronger competition and complexities are high or occur due to risks in the supply chain. It can badly affect the company’s brand image, and the production can be stopped, Customers confidence can be loose, and there can be a high impact on finance which are the causes of risks in the supply chain. Potential risks are the constant tools of management that control the risk, which maintains a log which is developed by a team.
To identify and sort new ideas about the main cause of the problem, the use of diagram called “fishbone diagram” can be made. Another name for the fishbone diagram is the cause-and-effect diagram. The factors that affect the outcome and the connection between the outcome are graphically illustrated in this diagram (Hong et. al. 2018).
From time to time, resilience can be provided by developing the chain management by environmental supply, which can positively influence the financial and environmental displays of a sustainable strategy. The diagrams can officially discriminate between the problem and the ideas of the probability, which are identified factors (Wang and Dai, 2018). Lack of professionalism, lesser storage, higher cost and less arbitrary management can be seen in the fishbone diagram, which is a structured tool using the categories to maintain the causes for its undesirable effect. It also matters a specific goal to reach a point where the process or method has been disrupted.
There is a risk to the supply chain, which can also be adopted by using the FMEA tool instead of the fishbone diagram of Abtech company. FMEA tool helps us in management and planning. Product organisation, identifying the assessment of risks during production. This is a process which is quite common and uses the technique of modes which are effective in a particular analysis (Leal Filho et. al. 2019). The main purpose of this tool is to eliminate the failed decisions initially When the actions have been taken at their priority ones.
Understanding and improvising the supply chain in managing the chain risk worldwide is a process that can be upheld by the company. The visibility on the network can clearly improvise the establishment of the team contingency by making the supply chain related to the facilities which are in production by reviewing the design and the process brainstorming and the disruption of delays in failures. Calculating the priorities in risk and implementing corrective actions are the other steps which should be taken (Milambo and Phiri, 2019). Also, a team which is technically strong and can efficiently manage all the technologies can be developed by Abtech.
Analysis of Competitors
Up tax’s first rivalry is with rts in Boston which manages its e-waste business. Tracking of the e-waste to its correct facility by using various metrics of the waste is done by this company. To make an impact which is positive and noteworthy (Narayanaswami et. al. 2019). The business is required to believe in services which are recycled and smarter technology. Another rival of Abtech is Ecycle which is based in Florida completely eco-friendly business which gives its customers an organisation completely dependent upon IT recycled and used electronic products. Ecycle and RTS are the major rivalry or competitors of the company, which offers facilities where the development of a recycling organisation to maintain the eco-friendly products manufactured by the companies, which can also track the e-waste that has been diversified all over the place, the products are completely dedicated to using recycled electronics from local mobile phones that are available in the market.
Technology use and development
The most important thing for the company is to balance out all the operations that are integrated into the name of technologies in the global supply chain. Transparency and visibility, and efficiency make it easy for the supply chain to share information and also play an important role in the things that technology does with the internet (Ríos et. al. 2019). Various devices which are physical or provided with sensors of remote are encompassed in this. The efficiency, which is operational, sharing information and decision making and improvisation in productivity, is supported by this supply chain industry. With the help of RFID sensors and GPS, the Abtech company’s products can be tracked by these life cycles. Machine learning and artificial intelligence is a different type of technology to implement apart from this (Saberi et. al. 2019). The network operations will always be disrupted by using or creating a supply chain to test the virtuality of flows and policies to understand the company’s actual physical supply chain by making a replica.
Agile, Lean and Hybrid strategy: Comparative analysis highlighting the Merits and demerits
Flexibility is consistently demanded by the consumers to meet the strategy of the supply chain, which is enabled by the company. Intensive planning and highly skilled personnel have the need for the disadvantages (Gajdzik et. al. 2020). To involve strong relationships between the customer and maintain limited waste of the products, the company can do the management of the supply in a better way by operating being at best is the main reason behind this strategic likeness of time and focus factor. The people can get frustrated, and a low margin can be involved in a disadvantage. Lean and a mixture of agile enables to development of a supply chain management in a way more hybrid structure by helping the flexibility of the process. Hence, a supply chain for the company by being hybrid can be proposed. Improvements in the required proportion of time and the elimination of wastage can also be minimised due to this reason (Ayyildiz and Taskin Gumus, 2021). Customers are required to respond, and the desire for customising a product and also a timely delivered product is results in the increase of the inventory in an appropriate manner.
Recommendations for robusting the said organization’s supply chain
- To control the supply chain, global supply chain management is involved all around the world. Development of a level which is higher to the service provided to consumers while being a low profile is the main objective of the global supply chain. It is equally important to know the challenges that are related to the global supply chain strategy. Language barriers, compliance (Blanchard, 2021). Concerns about quality issues or delivery delays are some of the challenges that describe global supply chain management. It can also affect the satisfaction level of the consumers, which can harm all the areas in the company.
- Development of employees is to be invested, which gives an elaboration to the expansion of the organisation to increase the individual management by taking decisions which are minor lately to make them deal with situations and uncertainties. The main concentration of the company should be on development. The employees on providing with the best training so that they can keep track of how to understand the trends that are new to the market (Zhang al. 2021). Focusing On training which is professional and develops the skills of supply chain management. The chief executive officer should concentrate more on the business of start-ups which is constantly moving on expansion globally.
- The main part of the progress of supply chain management is to maintain a monitor every time for evaluating the different methods which can track the progress and also improvise the benefit and deliver the standard which is comparatively high. Globally, it is important for every stage to be stagnant.
- To strengthen the management in the supply chain, technology plays a very important role in management in the warehouse and helps the company to observe the entire supply chain management. Over a period of time, supply chain management makes the document easy to track. They can collect data which are strong, and analytics of data is which are valuable. Supply chain management continuously offers insight into the times which is presently available in chain management (D’Adamo al. 2022). The company also invested in systems which use tracking devices and shipping in computerised technology to maintain the operations from one single layer of panel, which helps the supply chain management to work effectively. The capability of decision-making in this company is run through technologies which can manually eliminate the interventions, which can speed up the process. Reliability, the satisfaction of the employee and the satisfaction of the customers is also ensured by giving them a transparency level at every stage of the process. For example, Blockchain technology is provided to track any inventory in real-time.
- The robust supply chain management strategy is the best management system that can be an effective return to the process because it equally gives tremendous returns. The company’s solid return management systems directly enable the manufacturing process for customers and their services (Rodríguez Mañay al. 2022). The company can stand more efficiently by a robust process as it should not be deeper and is estimated by helping it run more successfully.
- A rumour by the government of the US is being identified by different rules and regulations on the products which are electronic and also manufactured in the US. It should be made of 10-person materials which are recycled, and that is when the prices will be high by 2050, the functioning of overall companies can be decided between the government of the country and a strong demonstration by the government. Initiating a perspective which is global can also function in supply chain management to expand its aims and progress reports (Greger al. 2016). Changes can be made at every level to attain the acquired transportation competition in the local market, reassessment of Taxes and business done in the work field; backup buyers secured will require changes on each level. The global GDP of the company should be between 10% and 20 % describing the account activities related to transportation and logistics departments. Businesses from another nation, whether it be local or outside of the country the company should know about it for developing their strategies on demand, and switching off fluctuating and changing, which will surely take time to formulate in the process globally.
Conclusions
The consultancy report is shown above on the Abtech company helps to conclude that supply chain plays an essential role for each firm in regard to its growth and development. In regard to the said firm, it includes different aspects that can be considered for a stronger opportunity for the company in expansion and in the development of higher supply chain strategies. In this report the focus primarily lies on sustainability and eco-friendly practices, adopting a supply chain model which can identify the risks using a fishbone diagram and effective techniques to evaluate the company’s perspectives. Thus, the report identifies two competitors which can implement the development of supply chain management.
References
Ahmad, N.K.W., de Brito, M.P., Rezaei, J. and Tavasszy, L.A., (2017). An integrative framework for sustainable supply chain management practices in the oil and gas industry. Journal of Environmental Planning and Management, 60(4), pp.577-601.
Ayyildiz, E. and Taskin Gumus, A., (2021). Interval-valued Pythagorean fuzzy AHP method-based supply chain performance evaluation by a new extension of SCOR model: SCOR 4.0. Complex & Intelligent Systems, 7(1), pp.559-576.
Blanchard, D., (2021). Supply chain management best practices. John Wiley & Sons.
D’Adamo, I., Gastaldi, M., Ioppolo, G. and Morone, P., (2022). An analysis of Sustainable Development Goals in Italian cities: Performance measurements and policy implications. Land Use Policy, 120, p.106278.
Das, D., (2017). Development and validation of a scale for measuring Sustainable Supply Chain Management practices and performance. Journal of Cleaner Production, 164, pp.1344-1362.
Dissanayake, C.K. and Cross, J.A., (2018). Systematic mechanism for identifying the relative impact of supply chain performance areas on the overall supply chain performance using SCOR model and SEM. International Journal of Production Economics, 201, pp.102-115.
Gajdzik, B., Grabowska, S., Saniuk, S. and Wieczorek, T., (2020). Sustainable development and industry 4.0: A bibliometric analysis identifying key scientific problems of the sustainable industry 4.0. Energies, 13(16), p.4254.
Greger, M., Landgren, T. and Mellvig, S., (2016). Phytoenvitech–cleaning sites by using plants: the technology for tomorrow. Linnaeus Eco-Tech, pp.41-41.
Gunasekaran, A., Papadopoulos, T., Dubey, R., Wamba, S.F., Childe, S.J., Hazen, B. and Akter, S., (2017). Big data and predictive analytics for supply chain and organizational performance. Journal of Business Research, 70, pp.308-317.
Hong, J., Zhang, Y. and Ding, M., (2018). Sustainable supply chain management practices, supply chain dynamic capabilities, and enterprise performance. Journal of cleaner production, 172, pp.3508-3519.
Leal Filho, W., Ellams, D., Han, S., Tyler, D., Boiten, V.J., Paço, A., Moora, H. and Balogun, A.L., (2019). A review of the socio-economic advantages of textile recycling. Journal of cleaner production, 218, pp.10-20.
Leonas, K.K., (2017). The use of recycled fibers in fashion and home products. Textiles and clothing sustainability, pp.55-77.
Milambo, D. and Phiri, J., (2019). Aircraft spares supply chain management for the aviation industry in Zambia based on the supply chain operations reference (SCOR) model. Open Journal of Business and Management, 7(3), pp.1183-1195.
Narayanaswami, C., Nooyi, R., Govindaswamy, S.R. and Viswanathan, R., (2019). Blockchain anchored supply chain automation. IBM Journal of Research and Development, 63(2/3), pp.7-1.
Panda, S., Modak, N.M. and Cárdenas-Barrón, L.E., (2017). Coordinating a socially responsible closed-loop supply chain with product recycling. International Journal of Production Economics, 188, pp.11-21.
Paulraj, A., Chen, I.J. and Blome, C., (2017). Motives and performance outcomes of sustainable supply chain management practices: A multi-theoretical perspective. Journal of Business Ethics, 145(2), pp.239-258.
Ríos, J.R., Duque, D.F.M. and Gómez, J.C.O., (2019). Operational supply chain risk identification and prioritization using the SCOR model. Ingenieria y Universidad, 23(1), pp.1-12.
Rodríguez Mañay, L.O., Guaita-Pradas, I. and Marques-Perez, I., (2022). Measuring the supply chain performance of the floricultural sector using the SCOR model and a multicriteria decision-making method. Horticulturae, 8(2), p.168.
Saberi, S., Kouhizadeh, M., Sarkis, J. and Shen, L., (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), pp.2117-2135.
Wang, J. and Dai, J., (2018). Sustainable supply chain management practices and performance. Industrial Management & Data Systems.
Wu, H., Li, Z., King, B., Ben Miled, Z., Wassick, J. and Tazelaar, J., (2017). A distributed ledger for supply chain physical distribution visibility. Information, 8(4), p.137.
Zhang, J., Brintrup, A., Calinescu, A., Kosasih, E. and Sharma, A., (2021). Supply chain digital twin framework design: an approach of supply chain operations reference model and system of systems. arXiv preprint arXiv:2107.09485.
Know more about UniqueSubmission’s other writing services:
