Project managment Assignment Example | Topics and Well Written Essays - 1500 words

Project managment - Assignment Example Supply Chain management Review, one of the industry’s leading prints published an article by David Anderson, Frank Brit and Donavon Favre titled: The seven principles of Supply Chain Management. This came at the time when the depth of SCM as a concept was relatively unexplored and the article therefore opened a door into further studies on how to better the idea and come up with improved models. According to Bowersox, Closs, & Cooper (2007), the 1997 article properly discussed the need to adapt supply chain to the needs of customers. The agreement with this is an indicator of the futuristic nature of the article by Anderson et al, who suggested that customers should be segmented according to their diverse service needs. The suggestion to use sales volume and profitability as the matrices for segmentation has since the production of this literature been adopted by industries and major trade channels. Amazon for example, applied this concept to initiate a program dubbed; Amazon Prime where free 2 day and one day shipping at a discounted rate is provided. In the midst of scepticism, customer numbers at Amazon has continued to rise since the launch of this program as evidence of its success. Chopra & Meindl (2001) in their book- Supply chain management: strategy, planning, and operation discussed the need to customize logistics networks if service to customers if to be optimised. According to them, once customers have been segments and their needs clearly outlined, logistics networks must then be tailored to best serve each segment. This in the end ensures that custom made solutions apply among the many groupings for maximum efficiency and profitability. Wang, Heng & Chau (2007) discussed the need to align demand planning across the entire supply chain so that data on demand is shared on a common platform among associates to ensure all those involved do not keep excess stock. This sharing of demand data ensured that partners know in real time where a specific

Solving problems and making decisions Coursework

Solving problems and making decisions - Coursework Example For instance, a while ago we in the business-planning department observed that the companies have fallen out there track in one of the major business elements. Therefore, we start digging the facts to try to rectify the problems to enable reinstatement in the right path. After we identify the problems, we escalated the solutions to the management to take the decision for the problem solving. We are currently undergoing various challenges regarding our attempts to manage the flow of oil and gas production especially after the collapse in oil prices. The greatest challenge is that the business continuity, the nature and effectiveness of the staffs will help the organization in overcoming any problems. As a member of the organization, we face significant workforce challenges because of collapse in oil prices. This calls for a reevaluation of our problem cycle regime specifically as it appertains to an economic recession. The report offers a guidepost for identifying and solving problems in my organization; I sought out various guideposts to effective problem identification and compiled various solutions drawn from the best practices The falling out of the company in one of the major business elements requires a managerial team that who gather data and analyze the business element as the first step in finding the solution to the problem. Additionally, the team needs to identify some possible solutions while weighing up the advantages, disadvantages and risks of the business element in within the organization. Finally, the team needs to decide the most appropriate action to bring back the business element on track. The solutions to the problems of bringing back the business element need to gain acceptance among the administrative team through theproper analysis of the advantages, disadvantages and risks of the business element.Moreover, the team must follow the appropriate model in developing the solutions as going through various stages such as