Describe the concept of supply chain resilience in the context of continuity planning. What strategies can organizations employ to strengthen their supply chain resilience?
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A: Wilson's approach was developed by R. H. Wilson in 1913 which is also known as the EOQ method. It is…
Describe the concept of supply chain resilience in the context of continuity planning. What strategies can organizations employ to strengthen their supply chain resilience?
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- How can supply chain integration be improved by the application of different ideas, approaches, or tactics?Do you agree or disagree that supply chain collaboration canbe classified as transactional, tactical information sharing, orstrategic in nature? Why?What are the key trends in supply chain management, and how can companies optimize their operations to improve efficiency and reduce costs?
- Being connected, being visible, working together, and getting things done in a timely way are very essential to success. What essential capabilities of supply chain technology may be exploited to drive improvements in the chain, and how could these capabilities be employed?Why has supply chain become such an important concept in the business world, especially in the context of the Covid pandemic?Discuss two trends in supply chain management. In general, how should companies in a country prepare for these trends? How would they be affected?
- Manufacturing businesses must incorporate their SCM partners into their daily operations if they want to achieve high performance in SCM. Therefore, inter channel management and the operational commitment of all supply chain participants are crucial for the success of SCM. Select any manufacturing company in South Africa and answer the below question. After engaging with the relevant employees from the supply chain management department, you haveidentified that your manufacturing company has been experiencing challenges in rolling out a total qualitymanagement programme.As their supply chain managing director, elaborate on the various quality costs and discuss how a TotalQuality Management Programme implementation can be used to enhance quality improvement to avoidthese types of costs in the near future. Use relevant examples to justify your answer.Describe the major challenges and issues facing supply chains in the future?How can organizations address risks arising from supply chain vulnerabilities?
- Supply chain management plays a pivotal role in ensuring the smooth flow of goods and services from suppliers to customers. It involves the coordination and integration of various processes, including sourcing, procurement, production, distribution, and logistics, to meet customer demands efficiently while minimizing costs. Effective supply chain management requires strategic planning, collaboration with suppliers and partners, and the use of technology to optimize operations and mitigate risks. By streamlining processes and enhancing visibility across the supply chain, organizations can improve inventory management, reduce lead times, and enhance customer satisfaction. Additionally, sustainable and ethical practices are increasingly becoming integral to supply chain management, with organizations focusing on environmental stewardship and social responsibility throughout their supply chain operations. Question. How can organizations leverage technology to enhance visibility and…a logistics and supply chain management student you have completed key aspects of the discipline throughout your qualification, namely sustainable supply chain management, warehouse management, purchasing management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • The role of supply chain management as a critical component of management. • Your opinion of supply chain management in creating a competitive advantage for an organisation. • Your experience of learning the discipline of supply chain management. • What were your challenges and difficulties when engaging with supply chain management related content? • Which component within the supply chain discipline you enjoyed learning about the most and could this be a potential career path? Why or why not?How to improve supply chain resilience?