Discuss the importance of the good supply chain.
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- Good morning please help me with this question When you read the above , it becomes clear a well-defined procurement strategy and good inventory management can deliver supply chain success and could ultimately lead to profitability and growth. In a report, you are required to critique the strategic importance of procurement and the roles of inventory in the supply chain (balancing supply and demand and Buffering against uncertainties) in relation to Apple. please add reference if you can thank youdiscuss how finance management fits in supply chain / procurement managementExplain several strategies to restructure a supplychain to increase profit and reduce the costs ofmismatches between supply and demand
- In what ways can the flow of information be managed in the supplychain? How can the ready flow of information increase a firm’soperating efficiencies?What are the reasons for developing and applying a supplychain plan and operations??Use the concept of elasticity of supply to explain why antique furniture is so expensive.
- In mid February, a massive snow storm hit Texas, causing massive power shortages because the windmills Texas counts on to provide a portion of its electricity froze in the snow. People all over Texas were without power and heat for days in below freezing weather. Given the need for power, the demand for small, household sized, gas-powered generators went up enormously. The immediate supply of generators ran out quickly. Suppliers from outside Texas began to ship in generators charging double the price for them, way more than the usual price. Suppliers charged this high price because they could. But it also meant that many people could not afford the higher price and simply had to suffer, risking serious frostbite injuries. Here is the question for you to discuss. Does the business that sells gas-powered generators have a social obligation to help out in crises like this, or should the business pursue profitability ? Make sure you explain why you think as you do using one or more…What are the benefits of effective supplychain management?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.