Discussion - Week 3

One of the most misunderstood subjects by the elite, business executives and and the uneducated alike is the subject of Insurance. Prepare an essay not exceeding two pages to explain to a top procurement and logistics manager the subject of insurance;  What it is, how it can be used by his/her organization to improve its outcomes and the challenges faced in employing it for risk management.

I need help with this homework. I have a write-up already but I need to add some more and get it together. Please take a look at what I've started. Include any sources or citations for it. Research and find a cold chain technology that is being used to ensure safe and healthy foodstuffs within a retail business of your choice. What federal regulations must be followed to ensure such safe and healthy food in that cool supply chain?

All in all, our main objective is to aid the people who are struggling during the Covid-19 pandemic. As we all know, the pandemic had affected our economy negatively resulting in thousands of individuals losing their source of income. For this, our group wishes to assist the people in need by conducting fund-raising and donating the collection to a selected Non-Profit Organization (NGO). The fund then will be used to purchase daily necessities in the form of food, toiletries and many more.     QUESTION:   1) Briefly do the SWOT Analysis about the program fund-raising above and donating the collection to a selected Non-Profit Organization (NGO). The fund then will be used by NGOs to provide daily necessities, clothes, food and more in this time of Covid-19 pandemic crisis to the unfortunate people.

How does IoT play a crucial role in enhancing supply chain management and logistics?

In what way does Information System Risk Management differ from other risk management techniques?

Risk management is inevitable if a company is to achieve its objectives. Companies with active risk management process gain competitive advantage. Choose a company (Financial, Educational, Retailing, etc.) based in Lesotho, identify and discuss the possible risks the company is likely to face and the risk management process the company will conduct Develop a risk register for the company

Where is the supply chain organization vulnerable to potential risk? Identify at least four risks

Review the following hypothetical scenario and answer the following question: We are increasingly concerned about Over-the-Top programming. With HBO and Showtime offering their programming directly to consumers and some sports networks (e.g., NFL and MLB) considering the same, we are concerned that we might lose subscribers. We need to know how losing subscribers would affect existing networks and whether it might impact their decision to market directly to consumers. It would assist us if you would identify whether there are any network effects in the decisions of cable customers to “cut the cord” and networks to provide OTT programming. If more networks sell directly to consumers, how will this affect the demand for our cable television services? Also, will it impact the decision made by other networks. Finally, are there any strategic moves that we should be making to counteract this trend?

Describe the strategy of striving to be the industry's overall low cost provider. What does a company have to do to achieve low-cost provider status?

I established a new company called Sara Company, which sells clothes through online platforms. we have created several departments, such as accounting, marketing, and operations, to manage the business. Now, we are seeking assistance in creating a new system for the procurement process to ensure fast delivery of products to customers. How can design and implement an effective procurement system that meets our requirements?

"How do organizations evaluate the security posture of IT vendors before making a purchase decision?"

Discuss  the following elements of an Enterprise Risk Management framework :                           i.         Internal Environment                        ii.         Risk Assessment    NB: Answer question i & ii

The COSO Enterprise Risk Management (COSO ERM) model consists of eight interrelated components that define the way businesses are run and managed. Discuss any four of these components.

. Your company manufactures digital gauges for different industries and recently chose China as the next international market to enter. One of your friends who works at another company that already exports to China mentioned the “China Compulsory Certification (CCC Mark)” your company needs to acquire in order to export your products. Review the “Exports Tutorials” section in the “reference Desk” on globalEDGEand read about the CCC Mark on the external link provided. Prepare a summary for your management to explain what CCC Market is about and what the application process is.

Assume you are the Chief Purchasing Officer at a manufacturer of mobile cellulardevices; develop a plan to manage the risks in your supply base.

While Microsoft has stopped providing security updates for Windows Server 2003, it is still being used by an unknown number of computers. When a supplier ceases providing updates for a particular piece of software or hardware, what dangers does it pose to a business?

How does IoT play a role in optimizing supply chain management and logistics?

What procurement mistake would be the most detrimental for your organization and why?  Which one would be the most beneficial? https://www.dvcomm.in/blog/most-common-procurement-mistakes-and-how-to-over-come-it.html

NOT AN ESSAY!  Effective supply management enables a firm to meet its strategic objectives and improve performance. You are a supply chain management consultant appointed by a fast-moving consumer goods (FMCG) organisation that is experiencing basic supply chain issues. Discuss any two supply management goals the FMCG organisation should achieve to improve the supply chain’s performance. You must also include practical examples as well as a justification as to why you have identified these two goals as the most important.

Determine and categorize the four most severe security flaws that are present in purchasing and selling systems. In the following lines, could you please describe how and why anything like this may occur?

What is meant by enterprise risk management ?

Explain how can supply managers prevent future such occurrences ?

Prepare an essay not exceeding two pages to explain to a top procurement and logistics manager the subject of insurance; What it is, how it can be used by his/her organization to improve its outcomes and the challenges faced in employing it for risk management.

Why is information so important in supply chains? What are the challenges to the successful development and implementation of effective information? What is the role of technology and information management?

Why are supply base innovation and risk management two future areas that will consume more of the supply manager’s day?

Disruptors are focused on a particular innovative technology or process in everything from mobile payments to insurance. they have been attacking some of the most profitable elements of the financial services value chain. This has been particularly damaging to the incumbents who have historically subsidized important but less profitable service offerings.    Identify an existing and real life example on how a specific financial disruptor have affected a certain industry/company.    How did the certain industry/company have mitigated the damaging effect of the Financial Disruptor?