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
View attached explanation and answer. Let me know if you have any questions.
Running Head: SUPPLY CHAINS OPERATIONS
Supply Chain Operations
Name
Professor
Course
Date
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SUPPLY CHAINS OPERATIONS
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Supply Chain Operations
Modern businesses are parts of highly complex supply chains involving multiple vendors
and suppliers scattered locally or globally. Identifying a bottleneck in any part of the chain is
mostly impossible without a complete supply chain analysis (Kuroiwa, 2021). The failure to
identify the source and cause of a problem in the supply chain can easily result in a business
failing to achieve its sales and growth targets. Supply chain analysis involves evaluating every
supply chain phase beginning from raw material acquisition to delivering final products to
consumers. The process aims to establish the part of the supply chain that needs improvement.
An example of the improvement can be shortening the process to deliver products to customers
more efficiently and quickly. Supply chain analysis is based on the philosophy that a business
can grow faster if more flexible. Business managers can analyze their supply chains to identify
processes or suppliers targeted to reduce inventory, improve forecast, or reschedule programs
and events to improve business efficiency. A typical supply chain can include the following
elements:
Value Chain and Flow Structure
A value chain in supply chains describes a step-by-step approach for transforming a
product from an idea to reality. It helps to increase business efficiency in delive...