Strategic Management Class: Corporate Social Responsibility and Value
What are the problems and challenges with creating value in the supply chain?
Supply chain managers face a number of challenges as they strive to create value in the chain they manage. Increasing challenges have hampered ways of creating and maintaining efficient and effective supply chain activities. Cost control occurs as a prominent challenge for most businesses. The escalating operational costs fueled by the rising freight/energy costs, increasing labor rates, and rising commodity prices have made created a major hurdle in the supply chain. Planning and risk management also occur as a challenge in creating value in the supply chain. Redesigns and periodic assessments of risk factors are essential for staying productive and efficient in the business. Creating value implies that customers should be satisfied right from the timing, quantity, and quality of goods and services provided. However, fulfilling the aspects mentioned above may prove difficult for businesses.
What are the ways in which creating shared value can be conceived?
Creating shared value can be conceived through reexamination of energy use and logistics. Reexamination of the processes, supply chains, buildings, transportation, and other support services triggers the aspect of the shared value. As a result, it becomes necessary to facilitate striking improvements in energy utilization through recycling and the use of technology. Resource use also heightens creating shared value. Various opportunities are available and can be applied to all resources in terms of technological advancement and environmental awareness initiatives....
supply chain integration important to organizations? Proper supply chain integration allows organizations to save both time and money. A "totally integrated supply chain enables an end-user to more efficiently and cost-effectively manage manufacturing, inventory, and transaction costs" through streamlining (Sims 2013). With an integrated supply chain "every aspect of the supply chain process -- including acquisition, storage, logistics, installation, post-shipment support, and information systems" is focused upon "eliminating redundancy of
(Reza, 2009) This information is building off of the findings from Uthayakumar. This is illustrating how the two tier system can help to streamline operations. However, as time goes by these ideas will become obsolete. The reason why is because they are focusing on particular aspect of supply chain management (i.e. during emergencies and backlogs). Where is it is failing, is through understanding how this strategy could be used when
When information is shared in confidence, then supply chain members can make better and more informed decisions that will benefit the customer. Strategic alliances happen in a variety of markets with different combinations of suppliers and customers; however, the most typical supplier-consumer alliance involves just a one supplier and one customer. To get a better idea, take a look at the relationship between Wal-Mart and Proctor & Gamble, "which have
Moreover, the U.S. military has become increasingly aware of such strategies for improvement based on these "best" practices because of their potential to help the military achieve its strategic goals and their perceived ability to help formulate relevant strategies for improving military procurement procedures (Baldwin et al., 2002). U.S. Army Hospital Mission. Impact. Today, U.S. Army hospitals may be situated in the middle of the homeland or in close proximity to
supply chain challenges facing the company which the chosen application addresses. 4(b) Explain how the chosen application addresses these supply chain challenges 8Q2"IT should be considered as an integral part of the supply chain re-engineering process." Discuss this statement using appropriate references from the course module. Case studies or other source material. (a) The major supply chain challenges facing the company which the chosen application addresses. The Levi Strauss e-business and supply chain
Supply chain integration has become the focus of a growing body of research in recent years, a trend that can help fill the gaps in the body of knowledge about what critical success factors characterize fully integrated supply chains and how organizations can leverage this process to achieve and sustain a competitive advantage. It is important to note, though, that there is no universally accepted definition of supply chain integration
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