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Strategic Supply Chain Management Report

   

Added on  2020-05-28

10 Pages2597 Words128 Views
Running head: STRATEGIC SUPPLY CHAIN MANAGEMENTStrategic Supply Chain ManagementName of studentName of UniversityAuthor note
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1STRATEGIC SUPPLY CHAIN MANAGEMENTTable of ContentsQuestion 1:.......................................................................................................................................2Forecasting demand:....................................................................................................................2Supplier agreements and selection:.............................................................................................2Consumer service:.......................................................................................................................3Capacity plan for outbound and inbound warehouse:.................................................................3Inventory policy for raw materials:.............................................................................................4Question 2:.......................................................................................................................................4Contamination:............................................................................................................................5Pandemic:....................................................................................................................................5Loss of Power:.............................................................................................................................5Loss of Water:..............................................................................................................................6Loss of IT:....................................................................................................................................6Loss of Logistics:.........................................................................................................................6Rise in Price of Raw Materials:...................................................................................................6Return on investment:..................................................................................................................7Reference:........................................................................................................................................8
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2STRATEGIC SUPPLY CHAIN MANAGEMENTQuestion 1:Supply Chain Management (SCM) is defined as the production and logistic process of anetwork of firms, who compose the production chain of the firm. Supply chain follows end-to-end flow of products, information, and money from on party of the business to another (Lu &Swaminathan, 2015). Supply chain encompasses various areas of decision making in terms oflogical sequence. This part of the report is meant to analyze these decision-making strategies andfind out how Fresh Connection can use these strategies to improve its non-financial and financialperformance. Forecasting demand:Demand forecasting is an essential factor for every firm in order to assess their aggregatemarket demand (Stadtler, 2015). It includes both the current and projected demand of the goodsand services in the market that a firm produce and depending upon this forecasting firms takedecisions of production (Monczka et al., 2015). Forecasting demand for the Fresh Connect willaid the company to enhance customer satisfaction and reduce the stock outs of their inventory.Besides this, it will aid the firm to manage its logistics better and improve their pricing strategiesto bring in more prospect buyers towards their products. Supplier agreements and selection:Fresh Connection is a juice company that need to send its final products to the endcustomer through retailers. The help of a seasoned supplier of the inputs can do it smoothly andthus it is highly important for the firm to look into closely before selecting and signingagreement with the supplier (Mangan & Lalwani, 2016). Selection process of the supplier needto start from cost analysis of the supplier and then comes the quality and capacity analysis (Azadi
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