Advantages And Disadvantages Of Supply Chain Management

Support service must be provided through the developer or supplier of the technological product. Alternatively, monitoring and other support services for the new technology can be outsourced to a tech center that services the system. This might include support for technology infrastructure, hardware, software applications and communications. All staff should then be trained in operating the new system and customer must be made aware of the new service being offered to them before the implementation stage. Finally risk management assessments should be performed and contingency plans developed to respond to worst case scenarios as Dream Destination must be realistic about the disadvantages of implementation of new technologies and resistance to change by

Manufacturing – within a business the manufacturing department works alongside several other departments such as marketing and purchasing to make sure that they manufacture products efficiently. Manufacturing is generally a long process as detailed designs of products have to be assembled before construction can begin. Manufacturing varies can depend on the organisation type large companies are likely to manufacture products themselves, and they tend to do this on a large scale in order to be able to buy resources in bulk in order to save a substantial amount of money. Small businesses tend to design their own products but may not have the ability to manufacture; therefore they usually hire other companies to manufacture for them - this can be quite costly, so they commonly perform manufacturing on a large scale

Software-as-a-Service, runs the business or manages Northrop Grumman’s supply chain utilizing internet-based technology. Northrop Grumman provides clients a low cost and secure alternative to conventional ERP and supply chain tracking software. EDI/XML also known as ecommerce are services that enables linkages between the facility, toll processors, warehouses and customers so that there is total control over your material. Information Technology (IT), takes care of any system problems or malfunctions. All of their OpenTrac products are built so they are secure and flexible for

This creates an opportunity for firms looking to differentiate themselves in the market. Buyers in this industry are not price sensitive, therefore firms in the industry must complete on

Slow speed will give more time while fast speed of technological disruption may give a business little time to cope and be profitable. Technology analysis involves understanding the following impacts:  Recent technological developments by Nordstrom competitors  Impact on value chain structure in services sector  Technology 's impact on product offering  Impact on cost structure in the

The process may be influenced by the identification of customer needs, and consequent provision of the market needs through the company products (Singapore Airlines,

In mid-1970’s, Copeland Corporation absorbed the above characteristics and implemented it. At that time, Matt Diggs the new CEO appointed has a vision to transform company’s approach to manufacturing. It was noticed that previously all the parts are machined and assembled in the single space or facility. As a result of these tend to increase the costs and quality was marginal. To overcome the complexity Matt Diggs came up with the multifunctional team with a task of designing a “focused factory” with an aim to narrow, newly developed product line.

Introduction Supply chain Management Let us initially understand what is supply chain management, it can be defined as ‘ the integrated network of all the people, organizations, resources, activities and technology involved to create and sell the product, from the delivery of raw materials from the supplier to the manufacturer, through to its final delivery to the end user’. It oversees flow of goods, information, labor and finance across the entire network. Time taken from start point to end point of the value chain is called the Lead time. Lead time plays a very crucial role in entire supply chain planning.

• There a few ways of distributing the product used by the company which are marketed directly to consumers, and also to small and medium scale businesses and large companies. • Able to distribute product to wider market

The basis for maintaining the high quality standards of raw materials is a close collaboration with suppliers. The model uses raw material suppliers and offshore manufacturing a mixture of overseas and other in the market domestic. This includes, inter alia, the systematic selection of suppliers in terms of advice and technical competence, compliance with deadlines, punctuality and condition of the goods at the time of supply. All this leads to the manufacturing and supply chain is designed to maximize flexibility in order to meet changing market demands. We put great emphasis on continuous improvement and we have used the concepts of lean manufacturing.

Q. 2. Recent development in Technology has enabled huge global organizations to avail information easily in their premises for smooth functioning of various departments within an organization. Much of a company's success comes down to its Supply Chain Management and logistics. The development of Information Systems in SCM helps in cost reductions, customer satisfaction and productivity.

As a result of the events of Dremliner, Boeing has improved their supply chain management process by incorporating continuous improvement strategies and implementing ways to encourage open lines of communication amongst their supply base. Boeing 's supply chain management places emphasis on on-time deliveries and streamlining common standard processes across their suppliers. Boeing has developed several tool to not only monitor and audit the best practices and overall performance of the supplier, but aid in collaborative communication amongst their entire supply base.

Its clients are individual users, specialised businesses, and institutions such as government, science, defence, spatial and educational organisations. To meet and respond to its customers needs, IBM creates, develops and manufactures many of the world 's most advanced technologies, ranging from computer systems and software to networking systems, storage devices and microelectronics. 3) Internal and External Analysis A) Porter’s Value Chain Analysis: This model describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business. Value Chain Analysis is one way of identifying which activities are best undertaken by a business and which are best provided by others ("outsourced").

CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF STUDY Computer systems have been used to run multiple applications and serve multiple users since its invention. They have mostly been used to host information for several users at different levels of an organization in recent times. Computer systems that are used for this purpose can be referred to as Information systems. An information system is an electronic database designed to accept, store, process or analyze data and to deliver results, usually on a regular, ongoing basis.

Literature Review During the last 15 years, the festival industry has become more and more lucrative, in fact, they are universally important because of their social, cultural and economic impact. According to a study done by the Universiti Tegnoli in Malaysia, respect for the environment is a factor that is important to consider in the organization of festivals as well as their supply chain as a whole. (Seman, et al., 2012). In this critical literature review, Supply Chain Management (SCM) as a process and its main objectives will be defined and outlined through relevant concepts and theories. This will lead to viewing recent development in this sector such sustainability integration and the introduction of the Green Supply Chain Management