Contemporary Business Practices Essay: Analyzing Siemens' Supply Chain

This essay examines contemporary business practices through a case study analysis of Siemens. The essay evaluates key integrated functional areas within organizations and their supply chain operations, focusing on Siemens' core business offers and functions. It analyzes supply chain management operations, considering internal operations and extended suppliers, and applying the Six Sigma theory. The essay further explores organizational complexities, emphasizing the importance of complexity control. It also analyzes a range of business data and analytics, identifying appropriate methods and techniques. Moreover, it demonstrates an understanding of core OBHRM, logistics, and supply chain knowledge and functions, exploring interlinking themes and applications. The essay concludes with a discussion of presentation and referencing techniques, ensuring adherence to academic standards.

Running Head: CONTEMPORARY BUSINESS PRACTICES
Contemporary Business Practices
Name of the Student:
Name of the University:
AuthorNote

1CONTEMPORARY BUSINESS PRACTICES
Learning
Outcomes
Evidence
Section 1 How can
you demonstrate
you can evaluate the
key integrated
functional areas in
organisations and
their supply chain
operations that
shape their
complexity? (LO1)?
Advice from the
Individual Synoptic
Essay: This is to be
introduced within
the introduction,
analysed in the
main body of the
work and evaluated
within the
conclusion.
How have your provided the overview of the core business offers as well as
Siemens key functions?
The functions and the nature of the company Siemens has been analyzed for
the purpose of this report. The company’s functions have been further
analyzed for the purpose of identifying the goals of the supply chain
management at Siemens. It can be noted that Siemens is German
Multinational company. It has its headquarters in Munich and Berlin. It can
be noted that Siemens is one of the biggest industrial manufacturing
companies in the world that carries out its operations in the field of
healthcare, industry and energy.
Siemens.com. (2018). Siemens Website. [online] Available at:
https://www.siemens.com/in/en/home.html [Accessed 1 Feb. 2018].
How have you introduced and evaluated supply chain operations?
The supply chain management operations at Siemens have been analyzed in
order to assess whether the company has sufficient availability of resources
which is necessary for meeting the demands of the customers. It can be said
that for the purpose of evaluating supply chain operations of the company,
the systems, structures and processes to execute the flow of goods and
services to the customers have been analyzed. It can be said that both internal
operations and extended suppliers and customers have been taken into

2CONTEMPORARY BUSINESS PRACTICES
consideration for the purpose of evaluating how effectiveness of the supply
chain management of the company. In addition it can be stated that the Six
Sigma theory has been applied to assess the supply chain management of the
company.
Höller, S., Schneller, P. and Thonemann, U.W., 2017. Supply Chain
Segmentation at Siemens Healthineers. In Supply Chain Segmentation (pp.
55-63). Springer, Cham.
How have you developed interlinking dialogue demonstrating organizational
complexities?
It can be stated that complexity control is essential for every business. The
negligence of complexity control affects the bottom line of the company. It
can be said that organization for the purpose of gaining competitive
advantage and maintaining market existence might be required to shift focus
from producing goods in high volume to producing specialized goods in
order to maintain a balance between the products produced in high volume
and specialized products. However in the report the organizational
complexities have not been discussed in details.
Bryman, A. and Bell, E., 2015. Business research methods. Oxford
University Press, USA.
Section 2 How can How can you identify appropriate business data and analytics to use?

3CONTEMPORARY BUSINESS PRACTICES
you analyse and
evaluate a range of
business data and
analytics using
appropriate methods
and techniques for
the level of study
(LO2)?
Advice from the
Individual Synoptic
Essay: This will be
analysed in the
main body of the
essay and
summarised in the
conclusion
Identifying appropriate business data and analytics is very important to
assess the performance of an organization. It can be mentioned data analysis
is also known as data analytics and it is referred to as cleaning, transforming
and modeling data for the purpose of obtaining useful information. Data has
obtained and assessed by the use of several methods and techniques
What methods and techniques can you use to analyse data and analytics?
It can be mentioned that Data analysis refers to breaking down components
of data for the purpose of individual examination. Data analysis can be done
by the following phases: Data Requirements, Data collection, Data
processing, Data Cleaning, Exploratory data analysis, modeling and
algorithms, data product and communication.
Chambers, J.M., 2018. Graphical methods for data analysis. CRC Press.
What methods and techniques can you use to evaluate data and analytics?
For the purpose of evaluating data and analytics the following need to be
followed:
 Checking Raw Data prior to evaluating them
 Performing important calculations with the columns of data and
formula driven from them
 Confirming the sum of the subtotals
 Checking relations between the numbers

4CONTEMPORARY BUSINESS PRACTICES
 Breaking components by analyzing the factors
Section 3 How can
you demonstrate an
understanding of
core OBHR and
logistics and supply
chain knowledge
and functions
through applications
and practices
(LO3)? Advice
from the Individual
Synoptic Essay:
This will be
analysed in the
main body of the
essay and
summarised in the
conclusion
How can you demonstrate knowledge and understanding of OBHRM
functions?
It can be said that organizational behavior of a company is responsible for
bringing the culture of ownership to life. It can be said that the actions of the
staff of the company Siemens sets a benchmark for entrepreneurial behavior.
The behavior of each and every member of the company contributes to the
organizational behavior and is responsible for improving and evolving
internal behavior. The aforementioned company has the belief that working
with people will help nurture the values of the company and will be
instrumental in establishing the diversity of experience
Protopappa-Sieke, M., Thonemann, U. and Thonemann, U.W., 2017. Supply
Chain Segmentation. Springer.
How can you demonstrate knowledge and understanding of logistics
functions?
I have learned that logistic functions of a company include movement of
goods across the supply chain of a company. It can be mentioned that this
process consists of several stages which include order processing, inventory
control, warehousing, transportation, Storage and Material handling,

5CONTEMPORARY BUSINESS PRACTICES
Logistical packing and Information.
Gattorna, J., 2015. Dynamic supply chains. London: Pearson Education
Limited.
How can you develop knowledge and understanding of interlinking themes
with OBHRM, logistics and supply?
It can be said that Organizational behavior and Human resource management
is closely interrelated with the logistics and supply chain management. HR
strategy traditionally involves development of flexible systems that promotes
the business strategies of the organization. It can be mentioned that I have
realized that considering supply chain strategy while developing Hr strategy
can be beneficial to the organization. Hr systems can also be used to manage
supply chain partners. It is also essential to collaborate and coordinate with
supply chain partners in order to develop Hr systems for the organization as a
whole.
How can you demonstrate applications and practices of interlinking themes
with OBHRM, logistics and supply?
It has been observed that in the modern complex business environments
Human Resource Management practices can encourage supply chain partners
to develop inter firm relationships by the creation of knowledge sharing
routines. It has been observed that interlinking the OBHRM, Logistics and
Supply chain can create coordinated and streamlined Supply chain which

6CONTEMPORARY BUSINESS PRACTICES
ultimately results in new competitive advantage.
Section 4
Essay presentation
and referencing
techniques
Advice from the
Individual Synoptic
Essay: Throughout
the whole
assessment
What can you check the presentation of work is prepared to the appropriate
standard?
It can be said that the presentation of work has been prepared to the
appropriate standard as it focuses on all the relevant points of Organizational
Behavior and Human Resource Management, logistics and Supply chain
management.
What techniques can you use to demonstrate to the marker knowledge of the
subject?
It can be stated that for preparing the essay I have applied the different
theories and principles of Organizational Behavior and Human Resource
management, supply chain management and Logistics to the chosen case
study. Further the application of real life experiences of mine have been
applied for analyzing the case study provided.
What can you check the presentation of work is prepared to the appropriate
format?
It is to be mentioned that I have analyzed the case study of Siemens in the
format of an essay.
What techniques can you use to ensure your word count is within the +/-
10%* requirement?
I have wisely chosen my words and have summarized the principles as

7CONTEMPORARY BUSINESS PRACTICES
discussed above in relation to the chosen case study while strictly adhering to
the word count as provided to me.
How can you assess your Harvard referencing is accurate within the text
(including accurately referencing quotes, key authors opinions, tables,
graphs and models)?
I have provided relevant references of the scholarly articles as were required
for the assignment in the Harvard style as recognized by international
universities.
Elkin, J., Ortega, M. and Williams, H., 2016. Referencing handbook:
Harvard.
How can you assess your Harvard referencing is accurate at end of your
work?
I have provided a reference list at the end of the assignment of all the
relevant scholarly articles that were used for the purpose of this assignment.
What checks can be made to ensure you have provided a relevant reading list
from academic and professional sources?
I have also provided a relevant reading list from professional and academic
sources at the end of the assignment. The relevant reading list is expected to
provide further insight about the operations of organizations.
What further research can or has been done in addition to the core reading

8CONTEMPORARY BUSINESS PRACTICES
to support your work?
Further research can be done on the principles of Human Resource
management ad Supply chain management for inventing effective strategies
that can be applied to organization.
Rushton, A., Croucher, P. and Baker, P., 2014. The handbook of logistics and
distribution management: Understanding the supply chain. Kogan Page
Publishers.