Aim
To demonstrate how supply chain drivers are beneficial in achieving supply chain performance
Instructional Objectives
After completing this chapter, you should be able to:
• List the drivers of a supply chain
• Explain the role of each driver in achieving trade-off between customer service and cost
Learning Outcomes
At the end of this chapter, you are expected to:
• Identify the various drivers of a supply chain
• Demonstrate the importance of each driver in achieving trade-off between customer service and cost Driving Efficiency at General Motors de Mexico
General Motors de Mexico (GMM) is a subsidiary of General Motors (GM) that works with more than 1,700 suppliers that produce approximately 13,000 parts a day. From railcars to chartered
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Exhibit 1.2.1 explains clearly about the role of information, that is one of the cross-functional drivers in improving supply chain efficiency. It describes how the interaction of various drivers such as transportation, inventory, sourcing and information influence the supply chain performance in terms of efficiency and responsiveness.
Let us discuss how the various supply chain drivers impact the performance of the supply chain and its role in decisions related to supply chain design, planning and operations in the following sections. Furthermore, it is discussed that how the trade-off between customer service and cost is achieved with the help of decisions related to supply chain
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A company’s competitive strategy is its plan of satisfying a set of customer needs through its products or services. For example, Dell's competitive strategy is providing a customized variety of products at a reasonable cost. Competitive strategy is based on customer's priority on product cost, delivery time, variety and quality.
In order to execute this competitive strategy, decisions have to be taken at each stage of the supply chain that defines the supply chain strategy. For example, supply chain strategy selects from where and how, how much, raw materials to be procured, mode of transport to and from the company, distribution of the products and more. Moreover, supply chain strategy comprises of design decisions regarding inventory, facilities, transportation and information flows. Supply chain strategy may also be known as logistics strategy, operations strategy, and supplier
Trader Joe 's is a developing chain of supermarkets with a distinction. Whilst not a gigantic chain store, Trader Joe 's accentuates little stores which offer a choice of merchandise hard to discover somewhere else at lower costs. The way that quality merchandise come at such low costs is only one motivation behind why the Trader Joe 's organization has turned out to be so fruitful. From humble beginnings, the organization has now developed into a multi-billion dollar monster.
company has had a positive impact on the thriving of the southern Ontario economy since its founding. In fact, General Motors Canada has consistently been one of the largest companies in Canada, reaching a peak of being the third largest in 1975 during the peak of General Motors in the global automotive industry. The presence of a large automotive company within an economy can have various direct and indirect economic impacts on an economy. The direct impacts from the significant amount of jobs produced for individuals throughout the company which primarily consist of assembly plants stationed in strategic locations (Dziczek, 2015). General Motors is known for its substantial contribution to employment within an economy.
Recommended Marketing Strategies Strategy in marketing, involves harnessing several of a company’s resources in order to meet customers’ needs by way of market analysis, an understanding of competitors actions, globalization and governmental actions. These are work well together with a concentration of technological situation and technology situations (Ranchhod & Gurau, 2007). Marketing strategies should always have a mission statement present. By understanding the business, an organization is able o make steps in defining its mission, a statement of the organization’s scope often identifying the customers, it’s markets, the products as well as values (Kerin, Hartley, & Berkowitz, 2006).
Following the exploration of the supply chain strategies of Target Corporation, I proposed a model that would help in improving the efficiency of the company. Electronic Invoice Presentation and Payment (EIPP) and Electronic Invoice Presentation will improve the efficiency of the company through framework that allows for preparation of budgetary streams and data errands in real time (Mangan & Lalwani, 2016). The strategy will allow Target Corporation to make use of broader measures that include fill rate, item accessibility, stock esteem, on the rack, the money-to-money cycle, on-time-conveyance, as well as the stock administration of the bend. Implementation of the model will help in the speedy delivery of products to the stores and subsequently
He developed these strategies so that any particular organization can gain competitive advantage in this dynamic market world. There are three generic business strategies namely- cost leadership, focus and differentiation. The following strategies states that how an organization practices competitive advantage in the chosen market scope. Porter’s strategies can be used by any form or size of organization. He asserted that an organization should use only one out of these three so that company can achieve organizational goals without wasting its precious resources.
For over a month, the three major Detroit automakers (General Motors, Fiat Chrysler Automobiles, and Ford), have been negotiating new four year contracts with the United Automobile Workers (UAW). Thus far, only Fiat Chrysler Automobiles (FCA) has come to an accord. However, the General Motors (GM) is looking to appease the UAW with their latest proposal, and the outlooks seems optimistic. The FCA contract was a hard fought arrangement.
Positioning strategy is known as what the product represents for the recipient .It is the enhancement of a product in a way that makes it different from the competitor products. The purpose is to attract the attention of the customer to certain products( Mustaf, 2009).. In my opinion, positioning is extremely important to keep the company growth and success because it is known that people want to try innovative products and they have the interest to try the new ones. Companies that desire to create their positioning strategies, they need first to have ideas about the characteristics of their competitor`s products.
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 Value Chain 4 4. Operations Strategy Implications (Store level) 5 5. Inventory Management and Demand Forecasting 9 6. Supply Chain Management 9 7. Quality Management 11 8.
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.
Jan 2010 - Jan 2012 MAERSK DRILLING | www.maerskdrilling.com Maersk Discoverer 6th Generation Deepwater DP2 MODU Senior Electrician & Electronic & Instrument Technician Maersk Drilling supports global oil & gas production by providing high-efficiency drilling services to oil and gas companies around the world. Maersk Drilling seeks to become a significant and stable contributor to the APMM Group by developing and growing their business within the ultra deep-water and ultra-harsh environment segments. Key Duties: • Maintenance, operation and safe isolations of the HV power generation and distribution. • Maintenance and maintaining compliance of all EEHA equipment to IEC regulations.
Firstly, the Boston Consulting Group (BCG) matrix that concentrate the market position of different products. Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. Furthermore, competitive advantages model (Porter, 1985) which focus on five different forces in environment of organization, but suit with only stable market. Generic strategy was developed strategies under this school, especially it can identify position in the market. Advantages: -Provide content in a systematic way to the existing way of looking at strategy -Particularly useful in early stage of strategy development, when date is analyzed -This school emphasis on analysis and calculation can be a very strong support to the strategy development process -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment
As a result of the events of Dremliner, Boeing has improved their supply chain management process by incorporating continuous improvement strategies and implementing ways to encourage open lines of communication amongst their supply base. Boeing 's supply chain management places emphasis on on-time deliveries and streamlining common standard processes across their suppliers. Boeing has developed several tool to not only monitor and audit the best practices and overall performance of the supplier, but aid in collaborative communication amongst their entire supply base.
= External Supply chain process Working with suppliers Tesla has around 350 suppliers providing them 3,500 car parts from all over the globe. Consequently, they make sure that they work with the best suppliers. To retain the quality and reputation of the brand.
In 1985, Harvard Business School Professor Michael Porter published his new book “The Competitive Advantage” which focuses the organisation internal environment. In this book, along with an in depth analysis of the competitive strategies which are Cost leadership, differentiation and Focus, he also concentrates on the firm’s value chain. 1. Cost Leadership: In cost leadership, an organisation aims to become the low cost provider in its industry. Examples are Aldi, Lidl, Ryan Air etc 2.