Strategic Supply Chain and Logistics Management Report: Emirates Steel

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Added on  2022/10/01

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This report provides a comprehensive analysis of the strategic supply chain and logistics management of Emirates Steel. It begins with an introduction highlighting the importance of strategic management in optimizing procurement processes, resource channelization, and employee skill development. The report then delves into a market review of Emirates Steel, discussing employee satisfaction, product monitoring, infrastructure planning, and government influence. A crucial section focuses on the review of supplier capabilities, emphasizing the company's growth, investment, and its position in the MENA region for producing nuclear-quality steel. The procurement cycle is examined, with emphasis on benchmarking and risk analysis. The report concludes by underscoring Emirates Steel's achievements in the steel market through strategic management and resource development, while also considering employee safety and innovation in production. The report references various academic sources to support its findings.
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Strategic Supply Chain and Logistics
Management
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Introduction
IN THE MODERN BUSINESS, THE DEVELOPMENT OF STRONG
MONITORING WILL BE HIGHLIGHTING THE PROCUREMENT PROCESS
AND THAT INCREASES PRODUCTION
THROUGH THE INCORPORATION OF STRATEGIC MANAGEMENT,
IT WILL BE IMPORTANT FOR EMIRATES STEEL TO INDULGE BETTER
CHANNELIZATION OF RESOURCES
STRATEGIC MANAGEMENT NOT ONLY INDULGES THE
DEVELOPMENT OF BETTER RESOURCES BUT WILL ALLOW HIGH
SKILLED EMPLOYEES TO BE HIRED
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Contd..
THROUGH THE IMPLEMENTATION OF STRATEGIES, EMIRATES
STEEL WILL BRING IN HIGH CLASS OF INTER-COMMUNICATION AND
INTRA COMMUNICATION SO THAT THEY CAN INCREASE THE LEVEL OF
INVESTMENT
THROUGH ANALYZING THE REVIEW ON SUPPLIERS
CAPABILITY ACTUALLY HELPS IN THE DEVELOPMENT OF INNOVATION
IN THE OPERATION OF ANY BUSINESS
LOGISTICS AND TANGIBLE ACQUISITIONS WILL BE PLAYING
CRUCIAL ROLE IN INCREASING THE DEVELOPMENT OF SUPPLY CHAIN
MANAGEMENT
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Market review of Emirate
steel
THE MARKET REVIEW OF THE EMIRATES STEEL IS HAVING
POSITIVITY AS THE EMPLOYEES THOSE WHO ARE WORKING WITHIN THE
COMPANY ARE HAPPY WITH WORK LIFE BALANCE
THE CRANE DEPARTMENT OF EMIRATE STEEL IS HAVING HIGH
SECURITY AS CONTINUOUS MONITORING OF THE PRODUCTS ARE IN
GOOD POSITION
THE COMPANY HAS IMPLEMENTED STRONG MONITORING OF
EVERY PROCESS THAT IS ACTUALLY INCREASING THE OVERALL
PRODUCTIVITY OF STEEL IN UNITED ARAB EMIRATE
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Contd..
PROPER LEVEL OF PLANNING HAS BEEN INCORPORATED WITHIN
THE INFRASTRUCTURE AND SAFETY OF THE EMPLOYEES THAT HAS
REALLY INDULGED THE DEVELOPMENT OF BETTER PROCESS DESIGN
THROUGH THE INTERCEPT OF GOVERNMENT, THE EMIRATE STEEL
IS MAINLY DEVELOPING CUSTOMER BASE THROUGH TIMELY DELIVERY
OF THEIR ORDERS
EMIRATE STEEL IS MAINLY AIMED IN UPDATING THEIR
TECHNOLOGIES SO THAT BETTER MONITORING OF FINISHED PRODUCT
CAN BE DONE
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Review of supplier’s capability
THE COMPANY HAS GROWN WITHIN A FEW SPAN OF TIME BY
USING MODERN SOLUTIONS TO MEET MARKET DEMAND AND
GENERATING VALUES FOR ITS STAKEHOLDERS
IN 2012, THE COMPANY ACHIEVED CAPACITY OF 3.5 MILLION TONS
AFTER TWO EXPANSION AND INVESTMENT OF $3 BILLION
THE COMPANY IS ONLY PROVIDING Q-CLASS (NUCLEAR QUALITY)
STEEL TO THE MENA REGION AND FOURTH COMPANY IN THE WORLD TO
BE QUALIFIED BY AMERICAN SOCIETY OF MECHANICAL ENGINEERS
(ASME) TO PRODUCE NUCLEAR QUALIFIED REINFORCING REBAR
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Contd..
RELYING ON THE SHOULDER OF THE SUPPLIER, THE COMPANY
HAS ESTABLISHED THEM IN THE MARKET OF UAE TO PRODUCE
NUCLEAR QUALITY OF STEEL FOR NUCLEAR RELATED CONSTRUCTION
THE COMPANY ALSO INTRODUCED THE SYSTEM OF
REINFORCING STEEL FOR THE SAFETY OF STEEL PLANTS
SUPPLY CHAIN MANAGEMENT IS BASICALLY SHOWING THE
ASSOCIATION OF VARIOUS PROCESS THAT WILL DEFINITELY ALLOW
THE COMPANY TO FLOURISH IN LONG RUN
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Procurement cycle
IMPORTANT PHASES OF PROCUREMENT CYCLE ARE
HELPING IN THE DEVELOPMENT OF RESOURCE BUILDING
ABILITIES OF THE COMPANY EMIRATE STEEL
BENCHMARKING WILL HELP THE COMPANY IN DEALING
UP WITH HIGH QUALITY OF RESOURCES
THROUGH BENCHMARKING IT WILL BE POSSIBLE TO
BRING IN HIGH GRADE OF RAW MATERIALS FROM THE
SUPPLIERS SO THAT THE COMPANY CAN FLOURISH IN THE
LONG RUN
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Contd..
RISK ANALYSIS WILL HELP IN THE DEVELOPMENT OF BETTER
POLICY THAT WILL DEFINITELY ALLOW THE COMPANY TO BRING IN
HIGH GRADE OF FINISHED PRODUCTS
SECOND IMPORTANT BENEFIT OF RISK ANALYSIS WILL BE TO
IDENTIFY THE GAPS THAT ARE BEING PRESENT WITHIN THE INDUSTRY
AND AS WELL AS ORGANISATION
ONE OF THE IMPORTANT CONCEPT OF THE PROCUREMENT
CYCLE IS TO BRING IN HIGH QUALITY OF RESOURCES SO THAT HIGH
RATE OF GROWTH CAN BE FLOURISHED
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Conclusion
THROUGH THE DEVELOPMENT OF RESOURCE BUILDING ABILITIES THE
EMIRATE STEEL IS BECOMING ONE OF THE BIG COMPANY IN STEEL MARKET
OF UNITED ARAB EMIRATE BY PRODUCING NUCLEAR QUALITY STEELS
THROUGH THE INCORPORATION OF HIGH QUALITY OF STRATEGIC
MANAGEMENT THE EMIRATE STEEL IS MAINLY LOOKING TO INDULGE
BETTER DEVELOPMENT OF RESOURCES
ENSURING THE SAFETY IS ONE OF THE IMPORTANT THING SO THAT THE
DEVELOPMENT IN THE MARKETING AND PRODUCTIVITY CAN BE
INCREASED.
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Contd..
THROUGH THE DEVELOPMENT OF BETTER QUALITY OF RESOURCE MAKING
ABILITIES, THE COMPANY WILL BRING IN BETTER QUALITY OF INNOVATION
IN THE PRODUCTION
MOREOVER IT IS IMPORTANT TO THINK OF THE EMPLOYEES REGARDING
THE SAFETY NESS OF THE COMPANY ACTIVITIES IN THE STEEL PLANT
ON THE OTHER HAND USING THE STRATEGIC MANAGEMENT THE COMPANY
IS BEGINNING TO PRODUCE NUCLEAR QUALITY STEELS
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Reference list
ANSOFF, H.I., KIPLEY, D., LEWIS, A.O., HELM-STEVENS, R. AND ANSOFF, R., 2018. IMPLANTING
STRATEGIC MANAGEMENT. SPRINGER.
CERTO, S.T., BUSENBARK, J.R., WOO, H.S. AND SEMADENI, M., 2016. SAMPLE SELECTION BIAS AND
HECKMAN MODELS IN STRATEGIC MANAGEMENT RESEARCH. STRATEGIC MANAGEMENT JOURNAL,
37(13), PP.2639-2657.
EMIRATESSTEEL.COM. (2019). HOME - EMIRATES STEEL. [ONLINE] AVAILABLE AT:
HTTPS://WWW.EMIRATESSTEEL.COM/INDEX.PHP/EN/ [ACCESSED 23 AUG. 2019].
GINTER, P.M., DUNCAN, W.J. AND SWAYNE, L.E., 2018. THE STRATEGIC MANAGEMENT OF HEALTH
CARE ORGANIZATIONS. JOHN WILEY & SONS.
LASSERRE, P., 2017. GLOBAL STRATEGIC MANAGEMENT. MACMILLAN INTERNATIONAL HIGHER
EDUCATION.
MORSCHETT, D., SCHRAMM-KLEIN, H. AND ZENTES, J., 2015. STRATEGIC INTERNATIONAL
MANAGEMENT (PP. 978-3658078836). SPRINGER.
TRIGEORGIS, L. AND REUER, J.J., 2017. REAL OPTIONS THEORY IN STRATEGIC MANAGEMENT.
STRATEGIC MANAGEMENT JOURNAL, 38(1), PP.42-63.
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