Analyzing Supply Chain Stability, assignment help

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Business Finance

Description

In the never-ending quest for production efficiency and profitability, companies look toward their supply chain for additional improvement opportunities. Renowned Supply Chain subject matter expert, Dr. Hau Lee, explained that a stable supply chain can be developed by reducing uncertainty. The following chart, demonstrating Dr. Lee’s Uncertainty Framework, is reproduced from the course text (attached).

Companies should work to move from the right side of the chart to the left side, and from the lower to the upper portion, if they are to remove uncertainty from their supply chain processes.

For this activity, respond to the following:

  • If a company’s products are considered innovative and their supply base is stable, would its supply chain be considered efficient, responsive, agile, or risk-hedging? Explain the reasons for your selection.

A minimum of one reference is required.



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Demand Uncertainty Low ( Functional Products) High (Innovative Products) Grocery, basic apparel, food oil and gas Fashion apparel, computers, popular music Low (Stable Process) Efficient supply chain Responsive supply chain Supply Uncertainty High (Evolving Process) Hydroelectric power, some food produce Telecom, high-end computers, semiconductor High-hedging supply chain Agile supply chain
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Explanation & Answer

Hey there,So here are the final products, let's me know what you think. Cheers

Analyzing Supply Chain Stability

1

Analyzing Supply Chain Stability
Introduction.
The essence of the article beforehand is to elaborately explain the reasons behind the
rationale that complies of looking towards their supply chain for additional improvement
opportunities with the notion that a stable supply chain is developed through reduction of
uncertainty. With the aid of the uncertainty Framework developed by Dr. Lee, this paper will
seek to ascertain the means by which we arrive at the conclusion of a company being considered
i...


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