ASSIGNMENT HELP | There have been significant developments that have brought operations and supply change management to the forefront of the manager’s attention.

In a well-constructed initial response utilizing the knowledge you gained from the initial readings as well as your own experiences, discuss the following question:

• There have been significant developments that have brought operations and supply change management to the forefront of the manager’s attention. Discuss some of these recent developments and the impact they are having on companies regarding their approach to their operations and supply chain.

You are required to provide a comprehensive initial post with 3-4 well-developed paragraphs that include a topic sentence and at least 3-5 supporting sentences with additional details, explanations, and examples.

 In addition, you are required to respond substantively to the initial posts of at least two other classmates

| PLACE YOUR ORDER NOW AT writtask.com |

Peer 1 Response:

Supply chain management is one of the most important departments in manufacturing concern since they ensure the availability of raw materials. A small delay in this process will almost delay the whole operations. The main reason why the operations and supply chain are brought to the forefront of manager’s attention are as follows:

1. To avoid delay in production.
2. To maintain a cordial relationship with the supplier.
3. To maintain inventory.
4. To reduce the inventory overheads.
5. To enable the production planning department (PPC) to proceed with the planning process.
6. To reduce finished goods inventory overheads.

| PLACE YOUR ORDER NOW AT writtask.com |

Many companies have started relying upon softwares rather than manual entries to manage their operations and supply chain. Many software packages are available in the market and a complete Enterprise Resource Planning Package(ERP) will help the management to take decisions at the right time. These softwares will enable the managers to know the status of inventory and further they will also help the mangement to settle on the raw material and the finished goods inventory.

| PLACE YOUR ORDER NOW AT writtask.com |

The impact that the companies are facing today due to the developments in their operations managment are as follows:

1. Reduced raw material inventory overheads.
2. Reduced finished goods inventory overheads.
3. Reduced operational expenses.
4. Effective decision making.

Peer 2 response:

The recent significant developments that have brought operations and supply changes management to the forefront of the manager’s attention are procurement with a purpose to accelerate, supplier’s diversity,  and the evolving role of the chief procurement officer. The CEO of Vizibi, Mark Perera has given some insight on supply chain digitally, and he suggests  that in 2021,  it would be a good idea to look out for  the vulnerability points of the CPOs, and how to create a supply chain that is flexible. Not only that, but it is significant that the supply chain is graceful. Here are some of those examples on how these three developments are important.

| PLACE YOUR ORDER NOW AT writtask.com |

            A procurement with a purpose accelerating is an example of that significant development because the climate was brought to a poignant focus when the COVID-19 pandemic made its introduction in 2020. The worldwide financial sector knows that global warming is at a higher risk now more than ever, and it was a problem before this outbreak. People have to adjust and adapt to the changes to the environment. In addition to that, investors’ scrutiny of organizations’ maturity toward sustainability will grow once the opportunities have been examined. With that being said, the millennial and Generation Z workforce are aware of the changes in the climate, and that profits, process improvements, and product development the the main focus in every organization.

          The evolving roles of the Chief Procurement Officer (CPO) is another significant development because of the holistic view of the supplier lifecycle, and the risks to each supplier will have a growing impact this year. The rapid increase in the numbers of data infringes and penalties have been issued due to the COVID-19 pandemic, and it has gotten the CPO’s attention.  The boards are investing in supplier risk based on how the organization is affected by it, and it has given the CPO a broader perspective. The Boards and management focus their attention on the problem, and doing whatever it takes to minimize it.  They are going for a proactive approach and a level of insight to make that happen with the CPO’s overseeing it. 

         The supplier’s diversity is another significant development because it is important to the CPO, and the CPO wants to make sure it is intact by buying from firms with a widespread diversity. In addition to that, these conditions need to be avoided to protect human rights and modern slavery, and with the environment unsavory, it minimizes that. The significant economic challenges that the CPO have to face are helping deliver growth through local sourcing, supporting fair employment, keeping criminal activities out of the picture, and acknowledging the rules.   Without sustainability, the organization’s supply chain is at risk of losing business because of the inaction. 

Perera, M.( 2021  Jan. 20). Top Five 2021 Key Procurement and Supply Chain Trends. Supply 

Chain.https://www.supplychaindigital.com/procurement/top-five-2021-key-procurement-and-supply-chain-trends

MODEL ANSWER

Supply Chain Management

Supply chain management has become a critical component for any business | PLACE YOUR ORDER NOW AT writtask.com | the advancement of technology, supply chain management continues to be at the center of business operations for different | PLACE YOUR ORDER NOW AT writtask.com | recent developments that have made supply chain management important in business undertakings include the need to reduce the total supply chain | PLACE YOUR ORDER NOW AT writtask.com | chain managers are always looking for distribution networks that can address customer expectations.

Efficient distribution of goods and services down the supply chain depends on how streamlined the supply | PLACE YOUR ORDER NOW AT writtask.com | to face intense competition and hence there need to be strategies that can result in competitive | PLACE YOUR ORDER NOW AT writtask.com | a competitive edge is through well-designed supply chain management. Other developments include the adoption of online business strategies that necessitate innovation and diversity of ideas in seeking to meet customer | PLACE YOUR ORDER NOW AT writtask.com | development in supply chain is meant to improve efficient in production, streamline the inventory management process by reducing overhead costs and maintaining a cordial relationship between suppliers and consumers.

Response to Peer 1

Peer 1 starts by exploring the role that supply chain | PLACE YOUR ORDER NOW AT writtask.com | has in the management sector. The report notes that supply chain management can help in | PLACE YOUR ORDER NOW AT writtask.com | availability of raw | PLACE YOUR ORDER NOW AT writtask.com | . Furthermore, managers use | PLACE YOUR ORDER NOW AT writtask.com | chain management to reduce the costs of managing an inventory, avoiding delay in the production process among others. The author | PLACE YOUR ORDER NOW AT writtask.com | points out at the impact that that come with the use of supply chain management. In conclusion, the author has rightly presented the emerging roles of supply chain management and why managers should critically assess its short and long-term impact.

Response to Peer 2

The second | PLACE YOUR ORDER NOW AT writtask.com | points out procurement | PLACE YOUR ORDER NOW AT writtask.com | as the greatest change that has led to the adoption of supply chain management. According to the student, the role of a procurement officer is always | PLACE YOUR ORDER NOW AT writtask.com | and hence managers must come up with approaches to meet the demands that come with these changes. As required, the author winds up by looking at the implication of the changes in supply chain management.

Reference

Sreedevi, R., & Saranga, H. (2017). Uncertainty and supply chain risk: The moderating role of supply chain flexibility in risk mitigation. International Journal of Production Economics, 193, 332-342.