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Supply Chain Management Essay + Inventory Management Sum (Example)

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SUPPLY CHAIN MANAGEMENT by (Name) The Name of the Class (Course) Professor (Tutor) The Name of the School (University) The City and State where it is located The Date PART ONE: Differences between Domestic and Global Supply Chain Management Understanding organizational strategy despite the fact that it can be international or domestic is an essential element of supply chain management. This notion is also supported by MacDonald (2006) who noted that supply chain management cannot that cannot be applied universally. For instance Wal-Mart which has a global supply chain management focuses on achieving a low cost that is facilitated by their supply line. This is because it is designed to improve efficiency. However this is not the case for Nordstrom that sell design bags. The company`s supply chain is designed to ensure every time a customer want a Prada bag get it at $2000. By understanding their operational structures Managerial Issues vol. 24 no. 2 pp. 207-224. Kim B & Park KS 2016 'Organizational structure of a global supply chain in the presence of a gray market: Information asymmetry and valuation difference' International Journal of Production Economics vol. 175 pp. 71-80. MacDonald A 2006 'The Difference Between Managing a Global vs. Domestic Supply Chain is a Matter of Degree' World Trade vol. 19 no. 7 pp. 66-74. Minagawa Y & Monden Y 2016 Lean Management Of Global Supply Chain World Scientific Singapore. Wulan ER & Nurjaman W 2015 'An Economic Order Quantity Model with Shortage and Inflation' AIP Conference Proceedings vol. 1677 no. 1 pp. 0 Zhu Q Qu Y Geng Y & Fujita T 2017 'A Comparison of Regulatory Awareness and Green Supply Chain Management Practices Among Chinese and Japanese Manufacturers' Business Strategy & the Environment (John Wiley & Sons Inc) vol. 26 no. 1 pp. 18-30. [...]

Order Description:

Assignment 1 Globalisation is no longer restricted to giant companies. Technology advances have made it possible for SMEs to establish a global presence. Companies previously regional in scope are using the internet to become global almost overnight. Information technology is the ‘enabler’ that lets companies gain global visibility and link disparate locations, suppliers and customers. However, many companies are learning that it takes more than a glitzy website to be a global player, it takes a well-planned and coordinated supply chain to be competitive and successful. Moving products across international borders is like negotiating an intricate maze, riddled with potential pitfalls. Global supply chain management, though global in nature, must still take into account national and regional differences. Customs, business practices and regulations can vary widely from country to country and even within a country. Foreign markets are not homogeneous and often require customised service in terms of packaging and labelling. Quality can be a major challenge when dealing with Third World markets in countries with different languages and customers. With regard to the above discussion, and referring to the recommended reading for this module and other relevant literature, you are to prepare a report of 1200 words which identifies and describes some of the major differences between domestic and global supply chain management. Referencing - Harvard Style Assignment 2 A manufacturer produces a specialist product (known as Product X) for the national market. Table 1 below shows the gross demand for the next eight weeks and the current inventory. The ‘Planned Order Receipts’ row in Table 1 shows the number of units required in the relevant week and this figure may be greater than the ‘Net Requirement’, depending on the Re-Order Quantity. You are required to copy the Material Requirements Plan table into your report and then complete the MRP. You should assume that the Re-Order Quantity is a minimum of 50 units and the lead time is two weeks. Having completed the MRP, using the Gross Demand calculate the average demand for Product X over the eight weeks. Using the Stock on Hand for weeks 1 to 8, calculate the average stock level. Assuming that the Re-Order Cost for Product X is £100 and the unit stockholding cost is £2.00 for the eight-week period, show that the Economic Order Quantity is 71 units. Determine the total inventory cost (stockholding cost plus re-order costs) for the eight weeks. Repeat the MRP using the EOQ instead of the minimum order quantity and complete your report by discussing the effect the EOQ strategy has on total inventory cost. This part of your assignment will be assessed on the basis of your analysis and evaluation of this inventory management problem. Should be 2 tables.

Subject Area: Economics

Document Type: Thesis Statement

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $40

Words 1100

Pages 4

Completed in 13 days

Expert Josh N

Client Review

Good writer. but need to improve calculations. especially in econ! overall a recommended writer and always online to help.


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