Supply chain management strategies.
1. Demonstrate a deep understanding of the logistic function concepts and theories as well as supply chain management strategies.
2. Analyze and identify challenges and issues pertaining to logistical processes.
3. The capacity to write coherent project about actual logistic case studies.
Assignment Workload:
This assignment is an individual assignment.
Critical Thinking
Identify and apply Logistics and Supply Chain Management concepts/tools to suggest supply chain process/logistics performance priorities. To this purpose, you should Study chapter 1, 2 and review Fast food industry /Food companies through secondary available information. Think about how you can apply the concepts/tools that you learned in this course.
Select a fast-food company of your choice, research the impact of Covid-19 on that company. Explain why you have come to your conclusions:
The Answer should be 4- 5 pages
The Answer must follow the outline points below:
1. Executive summary (no more than one page)
– Summarize, what is Supply chain process/logistics performance priorities, what Logistics and Supply Chain Management concepts/tools applied to achieve the company’s objective.
2. Background information
– Briefly introduce the company background (e.g., name, products, business size, location, internal/external interesting facts, etc).
3. Problem Description (Covid 19)
– Describe the objectives clearly and specifically.
– The objective may involve either logistics decision-making or process improvement.
4. Application of logistics and Supply Chain Management concepts/tools applied
– Describe, what specific logistics and Supply Chain Management concepts/tools be applied to achieve the objective. This section should make it clear that you understand the concepts/tools you are about to use.
5. Results
– Analyze the expected results of the proposed solution.
6. References
Sample Solution
Supply chain management strategies
Supply chain management involves the movement of products and services from suppliers to distributors. The major functions involved are the procurement of raw materials, product development, marketing, operations, distribution, finance, and customer services. Logistic management consists of the process of planning, implementing and controlling the efficient flow of raw-materials, work in-progress and finished goods and related information, from point of origin to point of consumption, with a view to providing satisfaction to the customer. Logistics management face many challenges throughout the supply chain on a daily basis. They include: reduction of transport cost, processing a large amount of information, compliance with regulations, and offering segmented, personalized services. The coronavirus crisis has revealed the fragility of the modern supply chain. Recent data shows the devastating economic impact as week-on-week trade in China, the U.S. and Europe halved because of the crisis [Tradeshift]. Diverse sourcing and digitalization will be the key to building stronger, smarter supply chains and ensuring a lasting recovery in fast food companies.
