Extensive academic-focused studies have revealed that supply management is an integral function of any organization, regardless of the business orientation such an organization adopts. The supply management paradigm has evolved over the years from purchase focused constructs to an encompassing of other interrelated constructs including the definitive supply to end consumers. Research of this subject matter has observed the many perspectives of supply chain management and elaborates that key perspectives are focused on operations and information management (Kopczak and Johnson, 2003). In an analysis of the dynamic significance of supply chain and supply chain management, Burt et al (2003) stress that the future focus of this domain would be …show more content…
Using a systematic literature review, we aim to extensively define the concepts of supply chain and supply chain management. It is also a key focus of this paper to understand the relation of the supply chain construct in relation to global or international business environment. As such we identify this notion by using Coca-Cola as our global company case study. Being a global brand, this firm will serve as an ideal business environment in assessing the supply chain constructs. This research topic is of particular significance because it aims to articulate the dimensions of supply chain management within global firms. As such supply chain practitioners may grasp a simplified concept of these …show more content…
Practitioners point to globalization and advances in information technology as being key drivers for the ever evolving nature of SCM. However increased demand in innovative products is equally considered a motivation for the dynamism of SCM
The Coca-Cola Case Study
Table 1. Coca-Cola Supply Chain Analysis (Yadav et al. 2013).
Factor Coca-Cola Supply chain
Production Production of Coca-Cola concentrate occurs on a globalized scale.
Bottling is carried out on a local capacity within each individual market.
The bottling concept adopted by Coca-Cola encompasses less capital and skill intensive
Information Gathering Systematic information gathering tools are adopted.
Innovative methods adopted for data gathering utilize third parties and own sales force dimensions.
Adopts a data driven approach to supply chain planning
Distribution Assets investments from a distributive standpoint are generic. Competition forms the primary basis for higher contract
Andrew Carnegie starts to make clear that the societies are ultimately paying for the law of competition. He then states that it is not essentially a depraved thing because it has prepared us to progress as a
As a result of this ruling, it promotes competition and reduces
I learnt about the various channels available in the distribution landscape and how the shelf space offered by an established retailer has become an important commodity to compete for (Arnese et al., 2014). It is for this reason, our proposal to the distilleries was to initially target the HoReCa i.e. 120K bars, pubs, restaurants & hotels in the UK which are responsible for more than 35% on-trade consumption in the UK (IAS, 2017). However, the illustration of this piece of information could have been improved in the group
Porter’s article has strong analysis and provides persuasive examples to support his argument. He carefully explains the five forces and demonstrates how they affect the competition in business. For example, when discussing about rivalry among existing competitors, Porter briefly mentions about different forms of rivalries and its intensity. After that, he analyzes the situations that lead to different level of intensity in rivalry carefully. Porter illustrates that “ The intensity of rivalry is greatest if: Competitors are numerous or are roughly equal in size and power…Industry growth is slow…
Now, like any other company out there in the corporate world, they all come across a point in business where they face a competitive situation, due to either their product line, pricing, or their financial system. According to our
The relational exchange arrangement can be viewed as a method to fix the flaws of formal contract, which undermines trust and thereby encourage the opportunistic behavior. The core of the theory is relational norms which can help build up an effective contract governance, and eventually achieve a better vendor- customer relationship. “Many classifications of norms have been proposed, but no one is regarded as dominant. Heide and John (1992) have proposed that relational norms are a higher order construct consisting of three dimensions: flexibility, information exchange, and solidarity” (Solli-Saether & Gottschalk, 2010, p. 32).
The model of the Five Competitive Forces, developed by Michael E. Porter, is based on corporate strategy, industry structure and the way they change. Porter has identified five competitive forces that shape every industry and every market and they determine the intensity of competition and hence the profitability and attractiveness of an industry. We further look into how the strategy and industry structure is placed in the field of healthcare and hospitals and analyze the attractiveness of the overall industry. 2.2 Rivalry among competitors Industry Rivalry is one of the 5 forces used to determine the intensity of competition in the industry. Competition in health care is the potential to provide with a mechanism to reduce cost and hence accessible
Q. 2. Recent development in Technology has enabled huge global organizations to avail information easily in their premises for smooth functioning of various departments within an organization. Much of a company's success comes down to its Supply Chain Management and logistics. The development of Information Systems in SCM helps in cost reductions, customer satisfaction and productivity.
The rivalry among existing competitors The extent of rivalry between ports is the first force shaping
In the early 2000s, The Boeing Company faced many challenges with increasing competition in the commercial aircraft market. To remain competitive, they began the development of their 787 Dreamliner aircraft using an unconventional approach in terms of supply chain management. The historical approach that Boeing used on previous aircraft designs required Boeing to procure raw materials and subassemblies from several different suppliers and manufacture the final assembly in house. Dreamliner sought out to be the first of Boeing 's kind to outsource 70 percent of its major subassemblies under a Partnering for Success initive (5) , leaving Boeing to assemble the final assembly performed in-house. Build airplanes the same way the automobile industry
Threat of Substitutes 4. Bargaining Power of Buyers 5. Power vested by Suppliers 1. Competitive Rivalry: According to Porter the competitiveness in any sector is significantly increased by the number of players operating in the field and their major competencies.
Big Data is considered as a large amount of data from multiple references and sources such as media, consumer loyalty, and retail channel data, which Coca-Cola have generated from the previous years, big data is a major part of Management information system, is part of the present and it is always contemporary, the company use this data to analyze decisions in order to derive the value of a certain product, as it is required to figure out the Orange juice mixture in order to meet the right demand and the right time which companies consider it as seasonable. Another reason is, noting that oranges are available for only 3 months a year, big data has guided Coca-Cola to ensure enhancing a particular algorithmic Black book model, which develops the beneficial mixture or blend in order to have the highest demand and revenue possible, as a result of big data Coca-Cola has a great advantageous strategies from the analysis and that guides the company to achieve its goals, big data helps companies like Coca-Cola in a vast range when does the demand reach it is maximum peak and minimum to generate the maximum possible profit based on a distinguishable
The process of the product is essential in marketing. This determines the capability of the product to supply the demand of the consumers. Coca cola has a number of processes which involves bottling and labelling solutions. The important stage that coca cola consider is control of the company to get products at the agreed time and good quality and the last step they consider is the selling of beverage for target customers of distributors. Physical evidence
The best companies in the world are discovering a powerful new source of competitive advantage. It's called supply chain management and includes all onboard activities that bring products to market and satisfied customers. The Supply Chain Management program covers topics from manufacturing operations, transportation, purchasing and physical distribution for a single program. Coordinated the successful management of the supply chain and all these activities integrated in a continuous process.
Growing customer expectations result in shorter life cycle of products and this means that companies should make their processes more and more flexible adopting modularity and product platforms in order to overcome competitors. Companies who fail to meet dynamic customer needs are doomed to fail. To illustrate this we can consider Tata Motors that designed a car selling at $2500 having identified the need for cheap vehicles and introduced market-pull innovation. Though having some negative feedbacks on its security it is affordable for many families in India.