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GrainCorp - Global Supply Chain Management

   

Added on  2020-05-03

14 Pages3924 Words287 Views
Business DevelopmentData Science and Big Data
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Running head: Supply chain managementGLOBAL SUPPLYCHAINMANAGEMENT
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Supply chain management 1Table of ContentsExecutive summary.........................................................................................................................2Introduction......................................................................................................................................3Issues and challenges faced by GrainCorp......................................................................................3Cost efficiency.............................................................................................................................3Global access................................................................................................................................3Greener operations.......................................................................................................................4Level of quality............................................................................................................................4Strategies adopted to achieve KPI...................................................................................................4Maintain Quality:.........................................................................................................................5Cost Efficiency.............................................................................................................................5Responsiveness:...........................................................................................................................6Greener Operations:.....................................................................................................................6Issues and strategies in Global Logistics and Supply Chain Management.....................................7References......................................................................................................................................10
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Supply chain management 2Executive summaryThe organization chosen for analyzing the global challenges that company is facing in relation tomeet their cost efficiency, global access, greener operations and the level of quality of productsand services they offer. The company is GrainCorp, an Australian based agribusiness byhandling end-to-end grain processing assets. Therefore connecting with the grain growers ofdomestic and global consumers, they play a key role in the international grain supply chain. Thereason behind choosing this organization to analyze their issues and challenges, key performanceindicators that they face globally is that they are known to be a biggest grain handler in Australia.As per the global scale Australia is counted as small producer of grain globally because theyhave less consumption domestically. They are well positioned for a stronger export growth andadopt efficient production methods. The increased demand from Asia lead GrainCorp for theattainment of greater efficiencies and managing production risk (Christopher, 2016).So the analysis of the issues and challenges faced by GrainCorp is done in the assignment. In2016 financial year where they had experienced their grains business being impacted by a below-average production in the eastern part of Australia and the global conditions which have reducedtheir export competitiveness. The challenges faced by them when financial reports shows theunderlying earnings and profits before interest and tax, depreciation and amortization. Thisunderlying situation shows the challenges faced by the company in Australian grains. The organization have grown for realization of opportunities and being competitive in the globalgrain market. They have manage their earnings variability by diversifying in multiple grainchains. Their shareholder returns have been improved by creating and capturing values in thegrain global supply chain. In this way they have achieve the four key performance indicators(Dyckhoff, Lackes & Reese, 2013).Lastly, the findings have been made from the recent journal articles which are related to theglobal supply chain management and the live examples have been given that why they were innews related to the subject they are representing. The five different themes which are supportingor in relation to GLSCM have been suggested and critically justifies the matter and why thesethemes are being selected or how they are representing the current contemporary issues andresearch in this field of GLSCM.
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Supply chain management 3IntroductionGrainCorp is an Agri-food public company founded in 1917 based in Australia. Its core businessis to receive and store grain and the related commodities. They also provide markets and logisticsto these commodities which they deal in. They have four reporting segments they deal in namelyStorage & Logistics, Marketing, Oils and Malt. Their operations have been subsequentlystretched into other Australian states by amalgamating with the other operations of grainhandling. The company operates a widespread network of rail-linked storages in the south-eastAustralia. The company have expanded into North America by purchasing United Malt Holdingsgroup. They operates a task force of 18 48 class locomotives in Eastern Australia. Their coregrains that they deal in are wheat, barley, canola and sorghum (Graincorp.com.au. 2017).Theirmain focus is on more of drier climate grains where they have reasonable advantages of grainorigination, nearness to growth markets and expertise in tech. The reason behind choosing thisorganization is its global demand of grain and high exportation, multiple grain chains andgeographies (Anon, 2017).Issues and challenges faced by GrainCorp. There are various issues and challenges that are faced by the organization in the globaloperations of supply chain in varied sectors which are in cost management, their access globally,greener operations and the level of quality in their products and services (Brindley, 2017). Theseissues and challenges are explained in detail below:Cost efficiencyGrainCorp has been challenged by the high cost to move their grain production from the farmgate to the ships which are destined for foreign shores (Melnyk, Narasimhan, & DeCampos,2014). Their strategies of developing a modern and efficient network through the projectregeneration has post challenges to the efficiency of cost and their record harvest also bycompressing the export program. In 2016, they experienced a downside in the production fromsorghum crop which ultimately disturbed the whole cost management in the year (Fernie, 2014).
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