Thursday, June 20, 2019

Article Assignment Example | Topics and Well Written Essays - 1250 words

Article - Assignment ExampleThe first article Aligning Supply Chain Strategies with Product Uncertainties by lee(prenominal) discusses theoretically the process involved in rendering chain management and the factors, which necessitates the same. The article elaborately discusses the risks in production entailed by expect and supply sides. The have-to doe with point is supply uncertainties that thereby leads to reinforce the necessity of supply chain management. The second article Avon gets its Makeover by Cohen and Roussel point out how Avon, a global cosmetics mansion has reformed the infrastructure in its manufacturing and transportation base using an end-to-end approach and the benefits which resulted form this step. The third article Making Supply Meet postulate by Fischer, Hammond, Obermeyer and Raman focuses on the errors in forecasting and other means of uncertainties affecting demand supply interaction. The fourth article Mass Customization at by Feitzinger and downwi nd explains the strategies employed for mass customization. All four articles besides incorporate the role played by information in supply chain management. Demand-Supply interaction and supply chain management Managing supply chains is closely associated with demand related uncertainties. Supply Chain instruction is an integrated set of complex operations requisite for a business to succeed in a competitive atmosphere. Efficient supply chain management functions practiced by a company jockstrap it in achieving several business objectives. It helps in reducing the cost of operations, improving the quality of the products and services rendered and in maintaining efficient delivery system. Moreover effective supply chain management practice promotes the system of spontaneous innovation taken by a concern. Effective supply chain management helps in the augmentation of the revalue and quality of products through proper forecasting of market demand and thereby making necessary reple nishment (Fischer, Hammond, Obermeyer and Raman). The challenges and benefits of supply chains should be closely examine before any practical strategies are framed and Lee successfully explore that focusing on the uncertainties on both demand and supply sides. Management of supply chains have been more complicated owing to the shortening of life cycles of a product, expansion of business worldwide and persistent up commencement of information technology. The main indicators of the health of supply chain are its market position, inventory, customer service, cost and returns on assets. One important thing must be noted here. Every product or segment cannot have the same kind of supply chain management and a market with unstable demand or uncertain supply source cannot be managed in the same way as that with a stable demand and supply dynamics. For instance products, which are functional, might have lesser uncertainties in demand structure than those that are innovative in nature (L ee). The distinction on grounds of predictability can also be made on grounds of accurate response. Fischer, Hammond, Obermeyer and Raman discuss different models for forecasting demand and consequently supply. The products, which are functional in nature, can be forecast without much risk of deviation (Lee). An instance of a successful supply chain management might be found in possibility of Avon. The company undertook an end-to-end supply chain structure where it could see the entire chain as

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