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MAN203 Supply Chain Management Case Study Assignment

   

Added on  2020-05-11

8 Pages2157 Words175 Views
Running head: CASE STUDY0CASE STUDYSUPPLY CHAIN MANAGEMENT

CASE STUDY1Section 1:1.Forecasting:a.Forecasting can be defined as the method that has been used by the businesses in order tomake future assumptions about something after analysing some data or pattern.Forecasting in supply chain management is very essential because the company has tomake many decisions as per the forecast. The major importance of forecasting in supplychain is that it allows the management to reduce the inventory. For example, if theproducts are made according to the forecasted demand then the company needs not tospend much on keeping the stocks and thus the cost of stocking or inventory can bereduced (Arndt, 2004). Other importance of forecasting lies in enhancing customerssatisfaction by delivering the products as per the demands, improving the marketing andpromotion as per the availability of the products etc. b.There are three types of forecasting in supply chain:Demand forecast: It is the type of forecast that helps in predicting the demand ofthe market as per the analysis of the market situations.Price forecast: It is the type of forecast that deals with prediction of the price ofthe products as per the pricing of the competitors and the demand of the products.Supply forecast: supply forecast deals with the prediction of supplier’scapabilities to supply the raw material (Bowersox, Closs and Cooper, 2002). c.There are different loop holes that need to be analysed at the time of forecasting thedemand, supply or the price of the products. This is because these loop holes may affectthe results of forecasting. It is required by the company or the supply chain department tolook for the factors that can affect the forecasting process. Reviewing the forecast is thenecessary step to be conducted (Mentzer, 2001). Another technique that can improve theforecasting process of capability of the company is better and efficient data collectionmethods are the market analysis method because it is the most basic requirement forforecasting. 2.3PL:

CASE STUDY2a.3PL is the service that deals with outsourcing of the logistics functions such aswarehousing, transportation etc. it is called 3PL because third party is involved inlogistics. b.There is various information that needs to seek from the 3PL firm. The first one isscalability of the service. It is required to check the capability of the service to scale upand down their services at the time of peak and lean business. Other than this, thecompany also needs to take the information about the technology and the financialstability of the company (Lambert, Cooper and Pagh, 1998).3.Humanitarian logistics:a.It is the branch of logistics that deals with serving the businesses at the time of anynatural calamities or emergencies.b.The 6 key players are:Government: The government is responsible for developing the policies as they have theauthority to mobilize the resources (Christopher, 2016).Military: it is required to include military in this list because the soldiers are the one whoare called upon first at the time of any calamity for helping the people.Aid agencies: These are the global actor that is supported by the government to providethe services at the time of calamity (Ballou, 2007).Donors: they are the one who provides funds for the programs.NGO’s: they act as the helpers at the tie of capability.Private organization: thy have more then on role that is they can act as donors, as helpers,as providers etc.4.Five (5) ways that Information Technology (IT) is being used to improve supply chainand logistics efficiency and effectiveness.a.Reducing cost: implementing technological logistics helps in reducing the cost of theactivities by eliminating some of the steps that are required to be done without the use ofsoftware (Cooper, Lambert and Pagh, 1997).

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