Search the meaning of a “closed supply chain”. What does it mean? Why it is important for the companies to close their supply chain?
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- Search the meaning of a “closed supply chain”. What does it mean? Why it is important for the companies to close their supply chain?
- Explain how Amazon structures the flow of product, information, and funds to meet customer needs in the most cost-effective manner? (Hint: consider returned items, too).
- Explain how Costco business model is different from Stop and Shop business model in terms of the supply chain surplus.
A closed supply chain basically combines the traditional supply chain with reverse logistics, regarding the item after it’s done its original purpose.
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- How can a supply chain management student benefit the organization or company? Also, provide examples please.Supply chain management is the management of the flow of goods and services between businesses as well as locations and includes the movement and storage of materials, inventory, and finished goods from their origin to their destination. It also involves the streamlining of the business’s activities in order to maximize customer value and gain a competitive advantage. Given this definition and explanation, describe what the supply chain of your organization looks like. How does your understanding of, as well as the physical mapping of your supply chain,help you to gain the knowledge necessary to maximize your customer value and gain a competitive advantage within your industry?Describe Hotels, hospitals, and restaurants are all service-based industries. Choose one and explain how supply chain management principles apply.
- How can businesses effectively utilize the push-pull strategy in their supply chain management to balance production and inventory levels with customer demand, and what are the key factors that contribute to successful implementation of this strategy?a) In the process of supply chain management in what way information systems be used to support the order fulfillment process. What are the most important pieces of information these systems should capture? Explain your answer. b) Compare and contrast competitive advantage with sustainable competitive advantage. What does sustainability mean to the firm for future strategic planning? Justify your answer with real time examples?The Walmart retail chain sells standardized items and enjoys great purchasing clout with its suppliers, none of which it owns. The Limited retail chain sells fashion goods and owns Mast Industries, which is responsible for producing many of the items sold in The Limited stores. The Limited boasts that it can go from the concept for a new garment to the store shelf in 1,000 hours. Compare and contrast the implications for supply chain design for these two retail systems.
- 1. Discuss ways to align your supply chain with business strategy. 2. Start an intelligent conversation about the supply chain management issues and how you will resolve it.Explain how lead times and forecast errors affect supply chain performance?Discuss the information technology systems or innovations that Woolworths may use to aid in supply chain planning.