The supply chain deliverable

 

Compare and contrast the business you are imagining with some other existing business that you know and believe will end up having similar supply chain issues as yours, even if the actual product and market space is totally different. Your goal is to use a concrete example to help you reason about a number of issues that are new to you, but are also critical.

a. Identify the company or organization that you believe has supply chain and distribution issues that are likely to be similar enough to those that you believe it should serve as a model. Given what you have read and the research you have performed, why do you believe this firm is a good match?

b. What are the key processes at the heart of the supply management segment of the business, how are they similar, and why do you believe these processes will be crucial to your business’ success as you start up, grow, and mature as a business? Be sure to address the various options for selling (e.g. direct as in retailing or indirect via other distribution channels.)

c. What do you believe are the new and important trends in supply chain and customer relationship management that you believe your model business has done right and why do you believe these aspects are similarly important to your new business?

d. How does your model organization deliver product and/or service to it’s customers and deal with the up, downs, and changes in the technology, the consumers, and the marketplace? What lessons have you learned and how did they influence your vision?

e. At some point, someone has to sell something to the actual consumer. How would you ensure that those individuals, whether they be your employees or those of some distributor, partner, or franchisee, provide the kind of pre-sale, sales, and post-sales experience you believe is important for your current and long-term success? How does your model firm do it? Are their any examples of anyone doing significantly better? If so why do you believe it?

Sample Solution

The purpose of Quantitative Supply Chain is to provide actionable recommendations, such as proposed quantities for purchase orders. We go into the specific form and delivery mechanism of those decisions in more detail below. Setting clear expectations for the deliverables is a critical part of the Quantitative Supply Chain journey. Also, the optimal numerical findings are not the only desirable output: the deliverable should include various other outputs, most notably data health monitoring and management KPIs. In practice, the flexibility of the software solution chosen to support a Quantitative Supply Chain endeavor determines the project’s deliverables.

Decision-making is the powerhouse of every project; decisions made at pre-conception, in-project and post -project stages of the project, defines the ultimate success of the project (Stingl and Geraldi 2017). The Business Dictionary (2018) defines decision-making as the logical selection of the most appropriate option from available alternatives. Similarly, Merriam Webster Dictionary (2018) states that decision-making is the act of making decision particularly with a group of individuals. Tiwary (2013) describes decision-making as the method or strategy adopted by an enterprise to actualise set goals. Reese & Rodeheaver (1985, cited in McFall, 2015, p7) suggest that decision- making deals with the core processes, which a decision or indecision is made from competing alternatives, and might be or might not be attributed to behaviour. Inaction, like resisting responding or dodging a stimulus can become a chosen alternative for execution and likewise behaviour may start from the decision-making process despite the absence of alternatives to consider; In this instance, the behaviour seems simple and automatic (McFall, 2015). Redish (2013) portrays these apparently automatic behaviours as decisions, even though the decisions are reached through less cognitive effort , also known as reflex actions or heuristics. Furthermore, Redish contends that reflex actions and automatic responses have the potentials of been altered through cognitive system, an illustration of this can be seen in an individual that places a palm on a hot burner and resists the urge to remove it because of an expected reward.

2.5 Historical Perspective of Decision Making

Decision-making is an act as old as humankind and the ancestors of modern humans made daily decisions based on interpretations of dreams, smokes, divinations and oracles (Buchanan and O’Connell, 2018). According to Gigerenzer (2011), modern decision-making dates back to the seventeen century; when Descartes and Pointcarre invented the first calculus of decision-making. Buchanan and O’Connell (2018) attributes the popularity of modern decision- making to Chester Barnard in the middle of the twentieth century; for importing the terminology “ decision-making” which was mainly a public administration concept to the business sector to substitute restrictive narratives like policy making and resource allocation. William Starbuck, a professor in Oregon University acknowledges the positive impact of Chester Barnard’s introduction of decision- making on managers by explaining that policy-making and resource allocation are

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