Supply Chain Management Application essay: Supply Chain Management Since high School, it has been my dream to contribute not only in the matters national economy but also in the international economy. In my guest to realize this dream, I worked extremely hard to achieve my dream and be among the people contributing to both the global and national economy.
Supplier-Managed Inventory Should Be Introduced Throughout the Supply Chain Conclusion References Abstract The supply chain management is complicated by the problem of uncertain demand, which is often caused by various macroeconomic factors.
If the high-tech manufacturer has long supply chains and ineffectively managed inventory it cannot be flexible in adapting to the challenges of the external environment, which leads to significant losses and even declines of business organizations. Such approaches as total cost of ownership, smart pricing, and supplier-managed inventory can be used to optimize the supply chain management in a high-tech company.
The usage of these techniques should be conducted with consideration of peculiarities of the organizational activities and products.
For the high-tech manufacturing company the peculiarities are connected with low margins and rapidly depreciating goods. Introduction The industry of high-tech companies is complicated by the problem of rapidly depreciating goods due to the technological development and other macroeconomic factors.
As argued by Cohen and Rousselthe primary task of the supply chain management is to never miss a sale and the secondary task is to keep the inventory low. However, the evidence of the high-tech industry shows that effective management of inventory is critical for sustainable development of a company.
As inventory carry various types of costs, starting from capital costs, associated with effectiveness of investments in the inventory, to warehouse costs and various types of risks Ballou, Neglecting inventory management leads to the dramatic downfall of the company in the high-tech industry due to the macroeconomic disasters as evidenced in the case study Teach, In order to omit the effects of the traumatic effects in the industry, the companies have to adopt sophisticated practices of supply chain management to remain flexible in the changeable environment to meet the demand more efficiently and keep the effectiveness of the capital investments on a high level.
Such approaches as the concept of total cost of ownership philosophy, smart pricing, and supplier-managed inventory can be used to optimize the supply chain management in a high-tech company. These approaches have to be used in accordance with the specific characteristics of the organization, its market and its inventory range to achieve beneficial outcomes.
The Board Member Suggestion 1: The Concept of Total Cost of Ownership Should Be Applied for all Strategic Sourcing Decisions I agree with this suggestion that the concept of total cost of ownership should be adopted for all decision making in concern of strategic sourcing.
Strategic sourcing decisions in the high tech industry has to provide the company with the most significant flexibility in order to adjust to the dynamic in the market.
All the materials of … Tags: Do not submit any sample as your own piece of work. Every essay belongs to students, who hold the copyright for the content of those essays.
Please, mind that the samples were submitted to the Turnitin and may show plagiarism in case of the secondary submission. Examples Assignment Lab does not bear any responsibility for the unauthorized submission of the samples. Would you like to download this essay for your future reference?
Thank you for downloading!
Please do not submit this sample essay as your own original work! Find out how we can help you with your studies! Unfortunately, you have reached your download limit.
You can still browse Example Lab but you cannot download any more papers.BookMyEssay provides custom assignment writing services, essay writing, homework, Nursing, Management assignment help, case studies, dissertation writing, problem.
Supply Chain Management "is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service, manufactures that product or service and delivers it to customers" (Koch ). The supply chain management is complicated by the problem of uncertain demand, which is often caused by various macroeconomic factors.
If the high-tech manufacturer has long supply chains and ineffectively managed inventory it cannot be flexible in adapting to the challenges of the external environment, which leads to significant losses and.
Dec 04, · Management Principles developed by Henri Fayol: DIVISION OF WORK: Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task. Fayol presented work specialization as the best way to use the human resources of the organization.
. Here are six of what we believe to be the key supply chain and logistics trends of , along with a summary of their progress as at the end of the year. ExpertsMind: Free quote homework, assignment submission to find quick online answers & solutions from highly experienced experts & tutors.
Ask question and get free answers.