Answer Business Analytics Case Study

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Business Analytics Case Study

1. Identify the most important elements of the supply chain.

Supply chain focuses on the main key points of integration, operations, purchasing and

distribution (Faris, 2018). Integration of a business must ensure the credibility of company to

bridge gaps between two communities or more considering its global impact. Operations

encompass action between the supply chain management (SCM) and the life cycle assessment

(LCA). The two areas come in hand and hand to create and implement the decision making or

planning stage of the company. Purchasing and distributions focuses on the target market of the

business that will supply its goal of service for support and implementation towards the

businesses sustainability to work on its main objective.

Within industrial ecology, there is a substantial community focusing on life cycle

assessment (LCA) and corresponding tools and methods. Within the field of supply chain

management, an increasing community is converging around sustainable supply chains. These

two communities study the same underlying systems, but bring different perspectives to bear.

We review seven issues that arise at this intersection of LCA and supply chain management, with

the aim of illustrating how both communities can enrich each other by closer interaction. We

conclude with some suggestions for how the two communities can further collaborate (Blass and

Corbett, 2017). The industry field implement well established businesses that raise the economy

yet strike numerous negative impacts in the globe. The differentiation of the areas are further

analysed by means of these seven models:

• Objective of Study

The area listed compels the sustainability impacts and trade-offs to make sustainable

decisions that would derive to implementations. The LCA focuses on the support of the decision

while the SCM supports the decision rule. Arriving at a good decision or decision rule requires

adequate understanding of the system, both for policy and business strategy purposes, which, in

turn, relies on measurement. Nevertheless, this contrast in focus leads to a number of differences

in modelling approaches.

• Dependent variable

This field shows the outcome of the study presented where in environmental impacts and

performance take place. For instance, companies can merge or vertically integrate, new logistics

providers may enter the market, etc. As a result, the relevant impacts associated with a given

functional unit may also vary over time. We consider two examples, related to deliberate

overproduction and to allocation of fixed impacts.

• Scope of system considered

Any study of sustainability in supply chains has to have a scope defining what is (and is

not) included. Setting an appropriate system boundary is challenging and related to the previous

point: What is a reasonable scope should depend on the goal of the study and on the decision

context. There are both environmental and economic factors to consider when defining the

boundaries of a study. To help ensure that work in LCA and SCM focuses on impacts that are

meaningful, we suggest that analysts should consider the union of the scope that would result

from the environmental and economic perspectives.

• Environmental impacts considered

LCA recognizes a range of environmental impacts, such as climate change, ozone layer

depletion, acidification, eutrophication, human toxicity, eco-toxicity, depletion of energy

carriers, depletion of material resources, land-use impacts, and water-use impacts (Guinee and

Heijungs 2016). These environmental issues focus on carbon footprinting that for a fact, results

into important risks to consider.

• Impact of production function

Impacts given under this area includes congestion effects, batching and others. For

congestion systems, which show a high percentage of capacity utilization that proportionally

increase the inventory levels, which lead to defects and product returns.

• Economic structure of model

In order to predict environmental impacts of a product system or supply chain, it is

essential to recognize the economic forces at play. Similarly, to understand the physical

breakdown of impacts, it is essential to avoid double-counting, but when setting incentives,

double-counting or over allocation of impacts may be necessary.

• Dealing with uncertainty and accuracy of results

In LCA, it is well understood that there are many sources of uncertainty. However, when

the study aims to support a specific decision, a hypothesis-testing framework is more

appropriate, as Henriksson and colleagues (2015) argue.

SCM draws on models from operations research and economics to improve performance

of supply chains. Given that the scope extends from a single process to coordinating multiple

processes within a firm to coordinating across multiple firms, it is again only a small step to

include raw materials management and reuse and end-of-life considerations into the “extended”

supply chain framework. This stream is often referred to as closed-loop supply chains (but also

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Business Analytics Case Study 1. Identify the most important elements of the supply chain. Supply chain focuses on the main key points of integration, operations, purchasing and distribution (Faris, 2018). Integration of a business must ensure the credibility of company to bridge gaps between two communities or more considering its global impact. Operations encompass action between the supply chain management (SCM) and the life cycle assessment (LCA). The two areas come in hand and hand to create and implement the decision making or planning stage of the company. Purchasing and distributions focuses on the target market of the business that will supply its goal of service for support and implementation towards the businesses sustainability to work on its main objective. Within industrial ecology, there is a substantial community focusing on life cycle assessment (LCA) and corresponding tools and methods. Within the field of supply chain management, an increasing community is converging around sustainable supply chains. These two communities study the same underlying systems, but bring different perspectives to bear. We review seven issues that arise at this intersection of LCA and supply chain management, with the aim of illustrating how both communities can enrich each other by closer interaction. We conclude with some suggestions for how the two communities can further collaborate (Blass and Corbett, 2017). The industry field implement well established businesses that rais ...
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Tags: supply chain Dependent Variable SCM life cycle assessment Scope of system