Global Supply Chain Management of Nike
Added on 2020-01-21
15 Pages5541 Words73 Views
GLOBAL SUPPLY CHAINMANAGEMENT
TABLE OF CONTENTSIntroduction..........................................................................................................................................4Q.1 Evaluating how organization has performed in its efforts for sustainability by using the AAAmodel...............................................................................................................................................4Q. 2 What steps can retailers take in collaboration with Nike to decrease waste and increase recyclability in the process..............................................................................................................6Q. 3 Explaining what are the forecasting lessons that firm can use to reduce its exposure to inaccuracies in its forecast...............................................................................................................8Q4 Nikes approach to setting up supply chains and their structure and how it will help the business to achieve a competitive advantage.................................................................................10CONCLUSION..................................................................................................................................12REFERENCES...................................................................................................................................13
ILLUSTRATION INDEXIllustration 1: WRAP’s formula for calculating the true cost of waste................................................7
INTRODUCTIONGlobal supply chain management (SCM) can be defined as management of flow of goodsand services among the various countries. It includes many activities like transfer and storage ofvarious types of products from the beginning point to consumption (Fawcett, Ellramand Ogden,2014). Nike is a US based organization which sells sport commodities like shoes and clothes toconsumers in the international market (About Nike, 2016). The present report describes howcorporation maintains its sustainability by using AAA model. Further, it explains efforts of retailersto decrease the waste and enhance recyclability with help of Nike in the supply chain process. Itdefines about the concepts of forecasting which are used by organization to reduce its inaccuraciesin its forecast. In addition to this, it introduces the approaches to set supply chain process and theirstructure. It represents how firm achieves appropriate competitive advantages. Q.1 Evaluating the way in which organization has performed its efforts for sustainability by usingAAA modelAwareness and assessment, acceptance and adaptation and accountability and attainabilitycontribute an effective role for the management of Nike to stay for a long time which helps to gainmore profit in the international market. Some of them are described as below in the points: Awareness and assessment: It is an important concept for organization which aids tomaintain its sustainability in the global market. Global changes affect the organization rapidlywhich affect its efficiency and performance in the market. In addition to this, supply chain managersof Nike have to develop effectual strategies to reduce this impact in the international market (Tayur,Ganeshan and Magazine, 2012). They should have expertise to develop long term objectives forNike. Further, they can develop strategy which can support various trends like cost efficient andflexible business system. These trends can support the consumer differentiation as well asenvironmental protection which can aid to increase sustainability for longer duration. They can helpthe management of organization by making them aware about dynamic change in supply anddemand. So awareness and assessment can aid the corporation to take effective steps in adverseconditions. For example, Nike can also understand social and environment issues which can help todevelop new strategies (Monczka and et.al., 2015). This process can help the organization toincrease its sustainability for a long period in the market. It can provide effective understanding forNike to reduce these types of complexities in a better way. Acceptance and Adaptation: Acceptance and adaptation is an essential process for themanagement of Nike to meet out their goals and objectives in the global market. In addition to this,it required for the organization to adopt new changes because global trends like supply, demand aswell as market conditions are changing continuously. It helps in increasing efficiency andperformance of Nike as compared with its rivals. Further, Supply chain managers contribute
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