Description
This assignment is intended to help you build a supply chain plan/diagram for a new business by analyzing factors that affect sourcing, logistics, metrics, suppliers, and risk.
Create a diagram of the supply chain plan using one of the following tools:
- Excel
- PowerPoint
- Visio
- PictoGram
- Other faculty-approved platform
Write an 875-word analysis of the supply chain. Include the following:
- Value chain and flow of structure
- Inputs
- Outputs, including customer service structure
- Inventory points and forecasting
- Sourcing activities
- Risks
- Locations
- Logistics
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Supply Chain Management
i.
Introduction
ii.
Lee-Side Steel Company
iii.
Value Chain and Flow of Structure
iv.
Inputs
v.
Output
vi.
Inventory Points and Forecasting
vii.
Sourcing Activities
viii.
Risk and Location
ix.
Logistics
Running head: SUPPLY CHAIN
1
Supply Chain Management
Student’s Name
Institutional Affiliation
SUPPLY CHAIN
2
Supply Chain Management
In operating a business, the supply chain forms the foundational operational aspect that
involves a comprehensive network between a company and the suppliers necessary to produce
and distribute a selected product (Min, Zacharia, & Smith, 2019). In this case, having an
elaborated supply chain in a company fosters increased collaboration and information flow with
the supply chain and logistics, augmenting its capacity to promote success and growth. Besides,
the supply chain enhances the ability to improve the higher efficiency and production
optimization leading to improved risk mitigation and enhanced cash flow. Moreover, the supply
chain intensifies the business’s capability to accomplish the required efficiency level, prompting
improved production and corresponding customer delight with the products and service delivered
by a company.
Discussion
Lee-Side Steel Company
Lee-Side a new business operating in the steel industry dealing with manufacturing steel
products based on the consumer’s requirements. The management has helped determine the bestsuited supply chain plan to facilitate excellent follow-up information, inventory management,
and production efficiency needed to accomplish the company’s goals and objectives. The
diagram...
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