Please write a 100 word response for each post. #1 Michael Minor posted Jun 8, 2023 10:26 PM Subscribe Previous Next
This page automatically marks posts as read as you scroll. Adjust automatic marking as read setting Greetings,
I chose to discuss how supply chain success starts with a sound strategy supported by strong leadership. A simple way of looking at strategy is that it is a plan to achieve goals. Regarding the supply chain, this would entail having strategies for purchasing, procurement, manufacturing, distribution, storage, and retail. Sound strategies should be cost-efficient and advance the company's effectiveness. From the beginning stages of the supply chain, managers should strategize on the manufacturing and production of the goods. Are these processes internal to the company or outsourced? If internal, a plan for equipment, training, and resources would be needed. If outsourced, does the company have a good reputation, are there metrics to see the past performance, and does their vision align with your company's goals? Regarding transportation and distribution, if transportation services are embedded within the company, there would be plans on the number of drivers and vehicles needed, along with insurance concerns if outsourced, which third-party logistics provider makes the most sense for their transport needed, and at what cost. Would distribution centers be local and close to retailers?
Strong leaders must be in all departments to map strategies and ensure a successful supply chain. Leaders must analyze current operations to see if they are running well or could use improvement. One such management tool leaders can use to assess their supply chains is the supply chain operations reference model (SCOR), which addresses, enhances, and communicates supply chain management choices internally and externally. The model specifies the organizational steps
needed to fulfill a client's needs. It also provides a foundation for enhancing procedures throughout the supply chain by better explaining them. Once strengths and weaknesses are known, leaders can implement strategies to address them. Leaders need to establish metrics to measure performance. Leaders should be invested in continuous process improvement, always looking for ways to improve and grow. Leaders must also establish straightforward, easy-to-follow action plans for each goal they set and include specifics such as financial costs. Finally, leaders must ensure that the supply chain processes align with their company's business model. For example, if a business lists sustainable practices as a priority, it must also be implemented throughout its supply chain.
#2
betsy brewer posted Jun 10, 2023 12:53 AM Subscribe Previous Next
This page automatically marks posts as read as you scroll. Adjust automatic marking as read setting Hello class,
After reviewing this week's assigned readings, I would like to focus on the trait of adaptability in supply chains. In their landmark studies, Poirier, Quinn, and Swink (2009) point to adaptability as one of the critical ten traits of the best supply chains, and for good reasons.
As markets evolve and customer demands shift, it becomes paramount for supply chains to have the capacity to adjust accordingly. A rigid supply chain can slow down a company’s response to changes in market dynamics, leaving room for competitors to seize opportunities (Poirier et al., 2009).
A tangible example of this can be found in the recent global events which have placed an unexpected strain on supply chains worldwide. In response to these disruptions, businesses with adaptable supply chains
were better positioned to navigate the uncertainties and maintain their operations, demonstrating how adaptability can serve as a buffer against unpredictable market forces.
Adaptability in supply chains is not just about surviving shocks, but it's also a crucial enabler for growth and innovation. As Quinn (2010) suggests, adaptable supply chains can facilitate the introduction of new products and services, allowing companies to capitalize on emerging trends and opportunities.
This adaptability extends to several areas, including the ability to scale operations up or down according to demand, reconfigure logistics networks as needed, and switch to alternative suppliers or manufacturing processes to avoid disruptions. Moreover, an adaptable supply chain can accommodate shifts in company strategy, whether it's expanding into new markets, pivoting to a different product line, or embracing sustainable practices.
Therefore, a key question I think we should explore is: How can companies cultivate adaptability in their supply chains without compromising efficiency and cost-effectiveness? Are there specific processes, technologies, or strategies that have proven particularly effective in enhancing supply chain adaptability?
