Supply Chain Management Report: Analysis of Costs and Strategies

This report provides an analysis of supply chain management, focusing on the critical aspects of cost and operational strategies. It begins by examining the costs associated with inventory buildup within the supply chain, discussing the factors that influence these costs and the importance of effective cost management. The report then explores various sources of cost in supply chain operations, including freight prices, technological advancements, and labor costs. Furthermore, it delves into the key components of a supply chain simulation, namely products, facilities, vehicles, and routes, highlighting how each element contributes to the overall efficiency and cost-effectiveness of the supply chain. The report emphasizes the significance of strategic planning and management to optimize these components, ultimately aiming to enhance efficiency and reduce costs within the firm. The report concludes by summarizing the key findings and implications for effective supply chain management. This assignment is available on Desklib, a platform offering past papers and solved assignments.

Contents
Introduction.................................................................................................................................................2
Cost and amount of Inventory buildup in the supply chain..........................................................................2
Sources of cost in supply chain operations..................................................................................................2
New Instances for four objects regarding the supply chain.........................................................................3
Conclusion...................................................................................................................................................3
References...................................................................................................................................................4

Introduction
Here significant decision regarding the cost as well as amount of the stocks has been discussed
with the appropriateness of cost acquired with the supply chain operations. New instances of
different supply chain objects have been expanded for determining the activities.
Cost and amount of Inventory buildup in the supply chain
Cost has been acquired from different operational perspectives ascertained in order to generate
flexibility. It can be said that the inventory cost has been assessed so as to ensure the probable
measurements considering the process of supply chain. Thus the carrying cost required for the
production and also the supply chain operations has been extensively sustained through the
interventions accumulating the perspectives sufficing the primary observations encountered
within the organization. The cost has been build up by measuring the distances as well as the
location sustained through intervening the application of total acquired for the maintenance of
the inventory. Different perspectives of freight charges has been build up in processing the
supply chain process of the firm so that the translocation of the goods can be sustained with
effective cost management strategies (Jacobs & Chase, 2013). The aspects of cost can be
assessed trough economic order quantity so as to ensure the business process flexibly.
Sources of cost in supply chain operations
In order to maintain the supply chain operations successfully, it is quite important to ascertain the
objectives convoluting the assessment of costs underpinned on behalf of the activities sustained
within a logistics firm. Therefore, the operating costs assessed with the help of supply chain
methods have been generated for different instances. The instances regulating the source of cost
has been exclaimed as rising in the freight price as the customers are surrounded globally.
Moreover, the upgradation of technology has also intended the factors of higher costing structure
in the supply chain operations. Nevertheless, the rise in the rates of labor has also evaluated the
sources of cost that has been allocated after the operations. Thus the sources of cost have been
ascertained within a supply chain operation by successfully maintaining the business within the
global arena.

New Instances for four objects regarding the supply chain
The process of supply chain as well as simulation has been composed through four important
objects. This has been encountered through products, facilities, vehicles as well as different
routes. The instances that have been accumulated within the products has acquired cost and also
weight along with volume of the goods that has to be transported. The facilities provided have
included the cost of operations as well as capacity of storage along with overall identification of
the products as per the demand (Stank, 2015). The vehicles have been sufficed with speed and
also the volume for carrying the goods. Another instance has been empowered, which is the
route which signifies about the destination and also distance taken for making the transport.
Moreover, the delivery of the product has also been stimulated through these particular
interventions.
Conclusion
Thus the cost acquired for maintaining the supply chain operation has been successfully
managed in order to generate the efficiency within the firm.

References
Jacobs, R., & Chase, R. (2013). Operations and supply chain management. McGraw-Hill Higher
Education.
Brindley, C. (Ed.). (2017). Supply chain risk. Taylor & Francis.
Stank, T. P. (2015). Global supply chain operations: a region-by region assessment of
readiness. Supply Chain Management Review.