MGMT614 Supply Chain Management GDB Spring 2020 Solution & Discussion Last Date: 05-06-2020
Supply Chain Management MGMT614 Graded Discussion Board
Total Marks: 5
Due date: June 5, 2020
Objective: To help the students understand how nature of products dictates the Supply Chain Strategy.
Scenario: “CHLORO CHEM”, a chemical manufacturing company, has set up a manufacturing plant in Lahore. The company aims to produce a range of chemicals used in agriculture and food processing; which results in a number of variants of the products. The basic raw materials are the same for all the end products, but the final differentiation occurs after processing with other additives. Currently the company is following a LEAN supply chain strategy with the target to have large amounts of finished products to be held in stores. The company anticipates that this strategy will help them for the mass production of the end products, which will ultimately culminate in saving the per unit cost. Question: Being a student of Supply Chain, do you favor this strategy of the company or not – keeping in view the whole situation? Discuss with solid arguments.
Expanded sourcing opportunities: A world market offers businesses opportunities to secure a diverse selection of workers, materials, and products. This larger selection of goods and services often means the opportunity to select higher-quality or lower-cost options.
Being a student of Supply Chain, do you favor this strategy of the company or not – keeping in view the whole situation? Discuss with solid arguments.
Chances are you’ve heard the term supply chain strategy. … Supply chain strategy is an iterative process that evaluates the cost- benefit trade-offs of operational components. Business strategy involves leveraging the core competencies of the organization to achieve a defined high-level goal or objective.