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Implementation of Linear Programming Model in Global Supply Chain Management of Coca-Cola Company
Added on -2019-09-20
This paper discusses how Coca-Cola Company uses linear programming model to minimize transportation issues and costs in global supply chain management. It also talks about setting up new facilities and procurement strategy. The implementation of linear programming scientific model helps to minimize the transportation issue and costs by considering the two variables namely, time and costs in order to determine the best alternative method among the set of options.
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Global Supply Chain Management
IntroductionIn this present paper, we will discuss the implementation of linear programming scientific model in order to minimize the transportation issue in the Coca-Cola Company, and it is settled by the administration researcher programming in order to produce an ideal arrangement. The global supply chain management analysis of Coca-Cola Company shows that there are transportation issues which act as a barrier to achieving the goals and objectives of the company.Global procurementThe linear programming scientific model helps to minimize the transportation issue and costs by considering the two variables namely, time and costs in order to determine the best alternative method among the set of options (Vanderbei et al., 2015). In the global procurement strategy, thelinear programming scientific model can be used to select the procurement market in order to determine the cost benefit to the company. For example, there are three markets from which the company procures goods and services so by implementing the linear programming procurement model; the best option is selected by the company by considering the time and costs of procuring the good and services from the suppliers. The company is currently facing various challenges in the transportation due to the absence of standard procurement procedure. So the implementation of linear programming model helps to resolve the problem of transportation issues which enables to improve the global procurement strategy in the efficient and effective manner. The global supply chain of the company is facing the transportation issue which impactson the overall profit margin of the company because of excessive cost (Monczka et al., 2015). The linear programming model helps to resolve the transportation issues by providing the
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