Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Explain how change management can be instrumental in minimizing the effects of supply chain shocks.
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- How does supply chain integration help companies respond more effectively to changes in customer demand and market dynamics?arrow_forwardAfter reading Ivey Publishing's article "University of Chicago medicine: Transformation and sustainment of the supply chain and adapting to covid-19, What challenges did the outbreak of the COVID-19 pandemic present to the UCM supply chain? How was it able to meet those challenges?arrow_forwardWhen designing a supply chain network, how can organizations intricately balance and optimize multifaceted considerations such as demand variability, lead times, transportation costs, inventory levels, sustainability objectives, geopolitical risks, regulatory compliance, supplier capabilities, and customer service requirements, while navigating the complexities of global markets and dynamically evolving business environments to achieve strategic alignment and competitive advantage?arrow_forward
- Read the case study below and answer the questions that follow.Supply chain strain: China’s COVID lockdowns impact Toyota, Samsung, Volkswagen, and NikeWell-known brands have been impacted by China’s COVID-19 response which has caused the closure of factories, ongoing disruptions at ports, and workforce shortages. China’s zero-tolerance strategy for combating the pandemic is resulting in continued disruptions for supply chains. Companies such as Samsung Electronics, Volkswagen, Nike, and Adidas are suffering production issues already. It comes as Chinese officials impose citywide lockdowns and unprecedented mass testing requirements ahead of the 2022 Winter Olympics in February.Samsung Electronics has also reported difficulties getting employees to work after restrictions were introduced making it difficult for residents to leave home. The company has warned of a small decline in production output in the short term. Global sports brands Nike, Adidas, and Fast Retailing Co’s Uniqlo also…arrow_forwardUsing the case Dell : Road map of the digital supply chain transformation. In the role of senior vice-president of strategy at Dell Global Operations, how would you prioritize to ensure the progress of the digital supply chain transformation? What would be your next stepsarrow_forwardAccording to you, outsourcing IT services has grown in prominence for a variety of reasons. There is a chance that this could benefit the finance and financial industries. What is the rationale, or why not?arrow_forward
- As extracted from the case study, “the pandemic resulted in disrupted deliveries and many other supply chain management related issues, 93 percent of procurement and supply-chain leaders said they planned to increase the resilience of their supply chains, and 44 percent said they would be willing to give up some short-term efficiencies to achieve this —although this sort of trade-off can prove avoidable in some cases.” Considering this statement, evaluate the measures and strategies that the procurement function can employ to enhance supply chain resilience.arrow_forwardWhat is a supply chain? In your view, why did supply chains become global?arrow_forwardAchieving success requires a strong network, high profile, collaborative effort, and punctual results. How might the most important features of today's supply chain technologies be leveraged to effect change?arrow_forward
- With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently. Where is the supply chain organization vulnerable to potential risk? Identify at least four risks. Why is the organization vulnerable? How will this risk affect the organization if it happens? How will this risk affect the organization’s customers and suppliers? What are the causes of the risk?arrow_forwardWhat are the supply chain challenges that are special to a company that sources from 35 countries?arrow_forwardHow can a company ensure that its supply chain is resilient to unexpected events?arrow_forward
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