Supply Chain Management Final Paper - 1643 Words

Nathan Barker Christopher Parry MGMT 2163 - Supply Chain Management November 1, 2015 Supply Chain Management Final Paper Rough Draft Table of Contents Executive Summary Issues and Challenges Potential Solutions Possible Risks to these Solutions Metrics Conclusion I. Executive Summary An effective supply chain is the key to creating business value, and with expansion on the horizon. Good planning and willingness to adapt to changes are key to maximizing our results. In order to do this we have come up with a plan that will make Lady Americana mattresses a household name in our target expansion markets. In the state of Oklahoma, Lady Americana has already become a brand that has a bed in almost every home. The current systems in place are effective for todays operations, below are some challenges and recommendations to improve upon this to create an effective supply chain, that will grow with you as your business does. II. Issues and Challenges One of the first issues that I see when expanding to new markets, would be in forecasting the potential of these markets. This can involve both overestimating and underestimating the size of said markets. This can then lead to challenges in staffing, production facilities, and warehouse space. Poor evaluation of these new markets can also affect our suppliers up and downShow MoreRelatedMgt 496 Week 5 Final Paper1225 Words   |  5 PagesMGT 496 WEEK 5 FINAL PAPER To purchase this visit following link: http://www.activitymode.com/product/mgt-496-week-5-final-paper/ Contact us at: SUPPORT@ACTIVITYMODE.COM MGT 496 WEEK 5 FINAL PAPER Strategic Warehouse Management, Inc. is one of the most popular warehousing businesses in the U.S. This organization is focused in the creation and management of warehouse operations. The CEO’s market development team believed that opening a warehouse in Australia is such a marvelous opportunityRead MoreSupply Chain Management : Practice, Theory, And Future Challenges Essay999 Words   |  4 Pages Supply Chain Management: Practice, Theory, and Future Challenges Name Institution â€Æ' Abstract Purpose – To analytically assess current changes in the theory and practice of supply management and through this assessment identify possible barriers, and key trends. Design approach – The paper is based on an exhaustive study of eight supply chains which included ten companies in America. Managers from at least four levels of the supply chain were interviewed, and the supply chains were outlinedRead MoreSupply Chain Risk Management Analysis1521 Words   |  7 Pages Uta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. Supply chain risk management is an intersection of supply chain management and risk management. For this we need to understand the benefits and as well as the limitations of both the concepts. Supply chain risk is about any threat of interruption in the order of workings of the supply chain. This Risk is generated as result of risk ‘drivers’ that are internal or externalRead MoreSupply Chain Risk Management Plan1299 Words   |  6 Pages(2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain.  Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategyRead MoreSupply Chain Of Ford Automobile1399 Words   |  6 Pages Supply Chain Name Institutional Affiliation Date â€Æ' Supply Chain This service incorporates the movement of business components from producer to the consumers. It does not involve the producers, consumers and the consumer only, but it also includes the other parties that facilitate the movement. These parties include transporters, warehouses and the customers themselves. Many factors are considered in the choice of a supply chain by the company. Some companies have long chains while othersRead MoreWeek 6 Bus 6501680 Words   |  7 PagesHollman BUS 650 January 7, 2013 Abstract In this final paper for Managerial Finance I will attempt to show how the supply chain inventory management method can be affected depending on the situation of the retailer. Studying the control method for problems in inventory, which would include both, excesses in inventory as well as shortages, and hoping to minimize loss. Use of SCM as a Method of Inventory Control I have decided to do the final for Managerial Finance on the use of the SCM methodRead MoreSupply Chain : An Integrated Process1110 Words   |  5 PagesA supply chain may be defined as an integrated process wherein a number of various business entities (i.e., suppliers, manufacturers, distributors, and retailers) work together in an effort to: (1) acquire raw materials, (2) convert these raw materials into specified final products, and (3) deliver these final products to retailers. This chain is traditionally characterized by a forward flow of materials and a backward flow of information. For years, researchers and practitioners have primarily investigatedRead MoreFedex Corporation : The Highest Ethical And Professional Standards1554 Words   |  7 Pagesterm paper exploring how goods were transported in the United States. At the time, shippers focused on transporting large packages across the United States by trucks or inside passenger airplanes. Smith thought that a company car rying small, essential items by plane could be a more efficient transporter than existing companies. Smith wrote the paper at the last minute just before turning it in to his professor, he received a grade of a â€Å"C†. The professor explained to Smith that his paper was notRead MoreHow Supply Chain Management Is Essential For Successful Movement Of Goods Through A Supply Network811 Words   |  4 PagesProcess Interview Supply Chain Management is essential to successful movement of goods through a supply network. Many supply chains involves multiple processes and service providers. Most businesses operate in a just-in-time environment, managers must develop efficient, and cost effective ways of moving goods through the process to prevent loss revenue. Maria Hannah, Owner of The Clean Dog Pet Grooming Company provides pet grooming servicing and manufacturing of pet garments. This paper will examineRead MoreCase Study : Supply Chain System1371 Words   |  6 Pagesconcept of supply chain, for instance, a paper retailer buys paper from its wholesale supplier. Then this paper company sells them in its retail store. Or a paper manufacturer buys raw stocks from raw stocks suppliers, then turns raw stocks into paper and sells it to others. While, Extended supply chain tends to include the factories where the paper are made, the company that sells the paper, the mill where that supplier buys their raw materials, and other related segment units in this supply chain. Thus