MGMT614 GDB 1 Solution and Discussion

[zaasmi]

Total Marks 5
Starting Date Tuesday, June 02, 2020
Closing Date Friday, June 05, 2020
Status Open
Question Title GDB No.1
Question Description

Supply Chain Management

MGMT614

Graded Discussion Board

Total Marks: 5

Due date: June 5, 2020

Objective:

To help the students understand how nature of products dictates the Supply Chain Strategy.

Scenario:

“CHLORO CHEM”, a chemical manufacturing company, has set up a manufacturing plant in Lahore. The company aims to produce a range of chemicals used in agriculture and food processing; which results in a number of variants of the products. The basic raw materials are the same for all the end products, but the final differentiation occurs after processing with other additives.

Currently the company is following a LEAN supply chain strategy with the target to have large amounts of finished products to be held in stores. The company anticipates that this strategy will help them for the mass production of the end products, which will ultimately culminate in saving the per unit cost.

Question:

Being a student of Supply Chain, do you favor this strategy of the company or not – keeping in view the whole situation? Discuss with solid arguments.

Instructions:

Be CONCISE and PRECISE. Irrelevant information will result in deduction of marks.
You are supposed to provide a brief answer in bulleted form with proper reasoning.
The length of your answer must not exceed “200” words. This does not mean that the answer should be extended with unwanted details just for the sake of completing “200” words.
Avoid directly copying material from any source. Provide logical points in your own words.
Adopt a critical approach while answering the given question.
Only logical and rational points supported by good reasoning will be awarded marks.
You are advised to be specific and avoid unnecessary details or explanations as it can have negative impact on your scores.
Copied material will be marked as ZERO.

[Zara Khan]

@cyberian
Expanded sourcing opportunities: A world market offers businesses opportunities to secure a diverse selection of workers, materials, and products. This larger selection of goods and services often means the opportunity to select higher-quality or lower-cost options.

[cyberian]

@zaasmi said in MGMT614 GDB 1 Solution and Discussion:

Being a student of Supply Chain, do you favor this strategy of the company or not – keeping in view the whole situation? Discuss with solid arguments.

Chances are you’ve heard the term supply chain strategy. … Supply chain strategy is an iterative process that evaluates the cost- benefit trade-offs of operational components. Business strategy involves leveraging the core competencies of the organization to achieve a defined high-level goal or objective.