The Seven Supply Chain Commandments

Added on - Nov 2020

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The Seven Supply ChainCommandments
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1Q1. Critical analysis of any five of the seven supply chain commandments..............................1Q2. Identify the similarities and differences of supply chain objectives and strategies in thepublic sector within private sector..............................................................................................3Q3. Explain why traditional supply chain practices are inadequate in today's businessenvironment................................................................................................................................5PART 2............................................................................................................................................6Q1. Supply chain management universal agreed definition........................................................6Q2. Explaining how supply chain strategies should be aligned with corporate strategies.........8Q3. Justify weather private sector apply the principles of sustainability in its procurement ofgoods and services.....................................................................................................................10Q4. Identity the importance of information technology in supply chain management and givefour organization that uses IT to integrate supply chain partners.............................................12CONCLUSION.............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONThe seven supply chain commandments are the kind of principles that helps to motivateorganizations to transform the raw material into finish product and services. Efficient supplychain management process requires suppliers that are reliable. In other terms it requires the betterquality of finish goods and services in order to meet the needs of consumers. Present study hasbeen based on the seven supply chain commandments that will help to company to prepare betterproductivity supply management strategies and growth. Furthermore, study has been explainingsome essential elements of supply chain principles and critical analysis the five commandments.Besides, it also carried out the study by Accenture from across various industries for profitmaking organizations.Adding to more, it explains the similarities and differences of supply chain objectives interms of both private and public sector (Bailey and et.al., 2018). In spite of all, study alsoselected to explain the term supply chain management and its importance in manufacturingindustry. It describes weather private or public sector should adopt the sustainability inprocurement or not. Furthermore, it also introduces new level of challenges and long lastingeffects.PART 1Q1. Critical analysis of any five of the seven supply chain commandmentsSupply chain management is system of organization, people, activities and informationthat helps to pass the product and services to end number of customers. Overall, supply chainactivities involve transformation of natural resources in all over world and makes mostapproachable target goals (Epstein, 2018). Apart from that, supply chain activity involves theoverall changes of raw material into finished products and services in order to deliver same to theend users. There are explaining some commandments of supply chain management that involvesthe essential elements and approaches as given below:Articulate a clear value creation algorithm requires understanding the company value andcreates more in termsof quality of services. It brings new challenges and growth in order tobring the best approachable target goals. It explains two types of preposition of growth and valuepreposition which helps to connect customers and company in order to make the profit andsatisfaction as well. Value preposition refers to company uniqueness that helps to identify anddifference between other companies (Fredendall and Hill, 2016). Value creation is beneficial1
element for company for which they should adopt high quality and maintain healthy relation withthe buyers. On the contrary, due to low quality and effectiveness in the products services mightbe get reduce the value of company in market place.For that the same, company needs to adoptquality raw material and variety of products to attract a number of customers. Growthpreposition helps company to looks at where the business needs to focus to generate current andfuture growth in terms of customers, products and channel of distribution (Gattorna, 2017).Given preposition are equally necessary for company to make good presence in front of theircompany.Overall, increment process will help to enable the high supply chain management ofthe company in market placeOn the basis of second commandments of supply chain management. Supply chain modelhas needs to adopt the model of plan, buy, make and move to take far more comprehensive view.This brings the new matter of fact. This brings the new level of growth in order to meet the needsof the supply chain management. It has been critical that company also needs to focus on theprocess to make sure the best output results. They also need to focus on holistic network ofsuppliers. That helps to contain the long term process of building relationship with otherstakeholders (Grant, 2016). Overall, it requires the long term process and needs of theorganization goals. It has been saved and maintaining the effective and productive output results.Positive approach of relationship goals are helpful to better deliver system process.In addition, of that, another commandments will be explaining the different types ofconsumers and their characteristics. These statements are right that, all customer are not equal.For that, it is required for the companies to make different variety of supply chain configurationthat can deliver across multiple channels and products in different markets. The limitation ofthese commandments is that, manufacturing industry facing different challenges in terms ofdifferent variety of customers and their needs (Hill, 2017). That affect the market needs anddemands.In order to understand the objectives and level into more proper format level. In anothercommandments explains the importance of global operations or at large scale of the system. Thathelps to make flexible and risk less environment for the companies. In terms of that, it alsorequires the more challenging and long lasting performance. To make the proper channel ofgrowth. It also helps to explain the long lasting effectiveness. Company needs to handle theirbusiness at global level to reach worldwide growth. Overall, it makes the process and world2
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