Global Supply Chain Management - PDF
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Added on 2020-11-12
Global Supply Chain Management - PDF
Added on 2020-11-12
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................11. Critical evaluation of positive and negative attributes associated with the field...............12. Analysing gap between evaluation and implementation of improvement in supply chainmanagement............................................................................................................................43. Analysing multidimensional international supply chain issues and applying techniques toresolve issues in supply chain management...........................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONGlobal Supply Chain Management is the most important component, which helps inmeasuring both external and internal business environment factors. The report helps tounderstand the importance of supply chain management in a business. The entire report dealswith Rolls- Royce Motor Cars Ltd that is an automobile maker and one of the leading carmakerindustries of UK. The report shows how an effective supply chain management will help a business toreach further level of success. Another firm in similar industry has been considered as Jaguar. Itis another luxurious car manufacturer and designer company. The report presents negative andpositive attributes of automotive industry and it also describes the gap between evaluation andimplementation of supply chain management. The report also present issues related to multidimensional global supply chain andrecommend various ways in order to resolve those problems in the field of automotive sectors.1. Critical evaluation of positive and negative attributes associated with the fieldBusiness carries on operational activity to earn profits quite effectually. It is essentiallyrequired that organisation should attain revenue so that it can survive the market. The automotiveindustry is one of the largest sectors involving higher level of operational costs, higherinvestment in equipments and more requirement of labour is it capital-intensive or labour-intensive. On the other hand, it is required that raw materials are purchased in large quantumsuitable for manufacturing and further, cost of overheads also prevailed. By seeking this, it canbe said that funds are required to be raised by organisation so that it may garner desired financein the best possible manner (Hugos, 2018). Automotive industry is one of the highest income generating sectors in UK. It is thelargest sector from which profits are attained and is also helps to increase overall growth ofcountry quite significantly. Furthermore, it is required that firms should perform well to induceeconomic growth and thus, impact positively on GDP (Gross Domestic Product). Moreover, it isessentially needed that companies particularly engaged in designing and manufacturing of carsshould initiate reduction on operational and non-operational costs in effectual manner. In relationto this, sustaining in the market is quite difficult and to overcome this, proper budget planning is1
required by which company can effectively attain desired production and profits can beaccomplished with ease.Automobile industry of UK is quite useful for elevating economic growth of nation asturnover is more than 82 billion in GBP is garnered alone by this industry and value added wasaround 20.2 billion turnover had been found (UK Automotive. 2018). This figure was attained byemployees of nearly 186,000 directly engaged in manufacturing and 856,000 of them areengaged in overall industry. In addition to this, 12 % of exports account of automotive goods andfurthermore, 3.65 billion was spent on Research and Development (R&D). The positive attributes of automotive industry are numerous, which are explained below-Today's generation expects the comfort zone while driving with fuel and operational costeffectiveness. This is what an industry can offer them by introducing new design for carsand other transportation facilities in order to meet customers’ demand.The use of IT technology is increasing fast in UK and it has been analysed that theautomotive industry manufactures 3D printing which become new faces for this field. Automobile industry contributed big amount in GDP of UK, which proved that there is abig need of automotive industry. The sector is expected to grow in nearby times.As per the expert’s report, it has been analysed that attachment related to cars has beenincreased and now people demand to connect IoT sparking in the cars that help drivers tostay connected with internet directly.Trend of UK proves that people generally prefer multi terrain vehicle, which providesmore comfort for people. Its five-door utility, leather seats with extra facility attract manynew customers and proves that auto-mobile industry tries to introduce more new products& services in order to fulfil requirements of people.2
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