Discuss the use of event-driven architectures in improving inventory management and supply chain operations
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Discuss the use of event-driven architectures in improving inventory management and supply chain operations.
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Discuss the versatile applications of event-driven architectures in streamlining supply chain operations and improving inventory management within e-commerce.
- Discuss the use of event-driven architectures in optimizing supply chain operations and inventory management in e-commerce.critically evaluate the role of e-commerce in supply chain management.As a supply chain management student, you have completed key aspects of the disciplinethroughout your qualification. In this module, you learned about the operations of warehousemanagement and key decisions related to it. This question requires you to reflect on yourknowledge and understanding of warehouse management as a component of the supply chain.You are required to write a one-page report where you reflect on:• The role of warehouse management as a critical component of supply chain management.• Your opinion of warehouse management in creating a competitive advantage for a supplychain.• Your experience of learning the discipline of warehouse management. i.e., which sections ofthe module did you enjoy learning the most and which sections were more challenging tograsp?• From what you have learned, through your qualification, do you think technology can helpan organisation enhance operations or do you think that by taking away the human element(operating machinery), the increased…
- Procurement and Inventory management at Nestle The procurement life cycle followed by Nestle is broken up into several integrated components inthe business and involves large number of intermediary processes like purchase requisition,purchase order, vendor involvement, goods receipt and inventory management and accountspayable. All these processes make together the life cycle of procurement process.Each time an inventory item is received or issued from the inventory at one of the Nestle locations,the system automatically updates stock quantities and values, and reduces inventory. Timeconsuming tasks are simplified through determining optimum source of supply, analyzing andcomparing vendor pricing, issuing purchase orders, managing the authorization for purchaserequisitions, processing invoices for payment and recording the same. The efficient supply chain atNestle requires all stock planning and operational activities to be integrated into a uniformbusiness-process flow.At the…Procurement and Inventory management at Nestle The procurement life cycle followed by Nestle is broken up into several integrated components inthe business and involves large number of intermediary processes like purchase requisition,purchase order, vendor involvement, goods receipt and inventory management and accountspayable. All these processes make together the life cycle of procurement process.Each time an inventory item is received or issued from the inventory at one of the Nestle locations,the system automatically updates stock quantities and values, and reduces inventory. Timeconsuming tasks are simplified through determining optimum source of supply, analyzing andcomparing vendor pricing, issuing purchase orders, managing the authorization for purchaserequisitions, processing invoices for payment and recording the same. The efficient supply chain atNestle requires all stock planning and operational activities to be integrated into a uniformbusiness-process flow.At the…What is Supply Chain Network Design and Why is it Important? Please answer asap
- In your own words, describe EDI and how it works in a logistics environment.Describe the current trends in e-commerce and how they effect supply chain management.Explore the integration of technology and data analytics in enhancing the effectiveness of the Wilson approach in modern supply chain management.