Discuss two trends in supply chain management. In general, how should companies in a country prepare for these trends? How would they be affected?
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- In what ways may a company, its suppliers, and other stakeholders benefit from effective management of the supply chain, and what are some particular instances of these benefits?What can be done to reduce the risk of environmental and economics in supply chain management?describe how three strategic decisions which the supply chain network depends on will be amended to take into account the negative impacts of the pandemic
- TLMT 313: In no less than one paragraph discuss your definition of Supply Chain Management and its role in a company's ability to compete effectively in the market.Review the ISM Report On Business and determine if the service sector is currently expanding or contracting based on the Non-Manufacturing Index (NMI) found at the ISM (Institute of Supply Management) Report on Business website: https://www.ismworld.org/supply-management-news-and-reports/reports/ism-reporton-business/. Select the “Services PMI” and review the latest report and charts. What does this information say about the services sector? What does this information tell you about your organization’s opportunity or lack of opportunity in the services sector? What specifically may positively or negatively impact your organization?Give instances of how supply chain management benefits a company, its suppliers, and other stakeholders.
- Explain how can supply chain management help a company establish a competitive advantage ?Identify the ten supply chain risks. Next, select two that you think are of greater risk than some of the others, as of today (MAY 2022) and why.How do companies manage their supply chain to reduce costs and improve efficiency?
- “There are known unknowns, knowable unknowns and unknowable unknowns”(Donald Rumsfeld). How would supply chain managers deal with the prospect of risk and vulnerability within global supply chains?Explain how may supply chain management assist a business in gaining a competitive advantage?Explain how can supply chain management help a company established a competitive advantage?