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OMGT2085 - Supply Chain Management Assignment

   

Added on  2020-03-01

7 Pages1397 Words43 Views
Running Head: Supply chain management 1Logistics and Supply chain management
OMGT2085 - Supply Chain Management Assignment_1
Supply chain management 2ContentsSupply chain Management..............................................................................................................3Inventory management and strategic planning................................................................................3SCM in globalized world.................................................................................................................3Sustainable practices in SCM..........................................................................................................4Managing inventories......................................................................................................................4Impact of information technology...................................................................................................5References........................................................................................................................................6
OMGT2085 - Supply Chain Management Assignment_2
Supply chain management 3Supply chain Management This report focuses on the supply chain management of fashion Retail Company namedSilversurf Beachwear. From the case study, it is observed that the company is doing well in theAustralian market and now it is planning to expand its business in more countries. For thismanner, there is the need to implement proper supply chain management plan in the businessactivities. Company wants to expand the business in USA, Asia, South America, China andEurope and there is the need to utilize cheaper manufacturing and distribution strategies to getsuccess in these markets. But it must be noted that doing production in other country like Chinacan be risk and difficult (Lashen, 2012). Inventory management and strategic planning For Silversurf Beachwear, inventory management is the most important part of the supplychain. Effective inventory management has a positive impact in the business operations by whichSilversurf Beachwear will be able to produce best quality of clothing products. There should beeffective inventory management to establish strong relations with the suppliers and thecustomers. Inventory management will be helpful to control unnecessary cost and review theplanning in the development process. It will also monitor the economic value of the company(Arndt, 2008). SCM in globalized world Supply chain management at the global level can cover various functions in SilversurfBeachwear such as managing production of company’s products and services, storage,inventories, monitoring, coordination with the suppliers and distribution of the products on timeetc. To operate on the global level, company will focus on the five important components i.e.plan, source, make, deliver and return. In the supply chain, company will also focus on the threeflows i.e. cash, information and product within the chain. By these components, SilversurfBeachwear will be able to manage the supply chain on global level. Along with this, on theglobal level of supply chain, there will be continuous exchange of information material andfinance within the members of the production. By adopting these supply chain strategies,Silversurf Beachwear will be able to expand in the most challenging country China. In China, the
OMGT2085 - Supply Chain Management Assignment_3

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