Management Flow Goods And Services Economy â€Myassignmenthelp.Com

Question: Discuss About The Management Flow Goods And Services Economy? Answer: Introduction According to Aust, (2015), the supply chain management is the flow of goods and services in an economy. The flow begins from the movement of raw material, work in progress to finished goods. Planning, exaction, control and monitoring are the main objectives of the supply chain. The supply chain ensures the total flow of goods and services from the production to the customers (Kashmanian 2015). Figure 1: Supply Chain Management (Source : Drake 2012) Standard logistics operational characteristics of a consumer product company According to Kashmanian (2015), the objective of the company is to reduce the cost and to increase the inventory level. The customer service also needed to be increase. There are basic three demanded factors of the customers. More inventory ability, 24/7 flexibility and day-to-day delivery system are the standard logistic operational characteristics of the customers of the company. These are the basic factors of the operational characteristics of a company. The goal of this company is to reduce all the additional costs such as operational cost transportation and on the other hand, it ensures the optimum utilisation of resources of the company, which results in minimum wastage. There are many areas of improvement. The company focuses on the main three areas of improvement (Kashmanian 2015).There are five factors of the supply chain management. In order to increase the efficiency the company needs to maintain all the factors of the supply chain management in an effective manner (Drake, 2012). Problems of the customers According to Flynn et al. (2014), the second question deals with the problems of the customers. At present, the customer service of the company needs to improved in many ways, as all the customers are requesting to increase the inventory level, 24/7 inventory level and day to day delivery system. The company explained that on the request of the customers the number of warehouses has increased in order to increase the inventory level. Due to the increase in the number of customers, the company needs to increase the inventory levels and all the warehouses needs to situate in the four-hour distance of the customers. The company focuses on three main specific areas of the supply chain management. The three main areas are more inventory availability, 24/7 flexibility and to maintain a proper delivery system. These are the main three specific areas, which this particular company mainly focuses on. Area of improvement by LeanCor As per Harland et al. (2013), generally there are five basic factors, which is required by any supply chain management in order to improve all the quality (Harland et al. 2013). According to Flynn et al. (2014), this particular case study divided into parts, one is the current state and other one is the future state (Ittmann, 2015). According to the company, the numbers of customers are increasing at a rapid pace. The demands of the customers are also increasing. Improvement in the inventory level, 24/7 flexibility and same day delivery system are the basic three demands of the customers. The company needs to improve service in these specific areas. Based on the recommendations of the customers the company increased the number of warehouses in order to increase the inventory level of the company to meet the required demands of the customers (Ittmann, 2015). Based on the voice of the customers the organisation developed all the warehouses with in the four-hour distance of the customers. The main objective of the company is to diversify the network and to focus on the core competencies. The concept of optimised network needs to develop to bring the plan to rea lity (Drake, 2012). Figure 2: Areas of Improvements (Source : Tachizawa Wong 2015) The future planning is of the company is to meet the consumer requirements. Maintaining a proper order frequency, volume of sales, geographical, locations are the key factors of the company, which will implementer in future. After going through the case study and by adopting proper research methodologies, the researcher concluded about the components of the supply chain. The factors of the supply chain management include raw materials, components, manufacturer, retailer and consumers. The researcher explained that in order to increase the efficiency level of the company every company needs to maintain the form of supply chain in a much better approach. In order to meet the requirements of the customers the company is increasing the number of warehouse in order to increase the inventory level. On the other, hand the company is also focusing on the flexibility and maintains a day-to-day delivery service as per the requirements of the customers. The future planning is of the company is to diversify the entire network globally. Based on the case study the researcher concluded that in order to diversify the network and in order to increase the efficiency level the company needs to maintain all the components of the supply chain management in a better and effective manner. As the number of customers is increasing day by day the inventory level needs to increase simultaneously. Case Delineates The result of this particular project is to achieve the optimal outbound distribution of networks. The company has improved in many areas of the supply chain management. In order to reduce the operational cost the company has decreased the inventory level by decreasing the number of warehouse (Rauer Kaufmann 2014). On the other hand, it results in reduction of fleet cost. The other objective of the company is to ensure an optimum utilisation of resources. The company has decreased the number of warehouse by 13, which ensures in the optimum utilisation of resources and helps the company to reduce the operational costs. This particular goal achieved without any reduction in service to customers. Figure 3: Components of Supply Chain Management (Source : Rauer Kaufmann 2014) Risk in logistic management and improving service According to Tachizawa Wong (2015), Optimum utilisation is the ultimate objective of each and every organisation. After going through the case study the researcher concluded about the requirements of LeanCor Company. There are several risk involved in the logistics management. As logistic management is the flow of all goods from the origin to the customers there are several factors involved in this particular management (Rauer Kaufmann 2014). If any of the factors get hampered, then it will affect the total system. The first risk involve in the logistics management is the uncertainty in the inventory level. If the stock level gets decreased then there will be a negative impact in the whole supply chain. If proper delivery system is not maintained according then it will bring negative impact in the total supply chain management and the total arrangement will get affected and on the other hand flexibility needs to be maintained as to innovate the ideas and plannings (Rauer Kaufmann 2014). Conclusion This particular chapter mainly deals with the management in the supply chain system. The researcher mainly deals with the factors of the supply chain. There are various kinds of factors which are involved in the supply chain management. The case study was based on the improvement of the supply chain management of LeanCor. After going through various kinds of research works the researcher suggested the best alternatives recommendations in order to improve the total supply chain management of LeanCor Company. The supply chain management should be maintained properly. Reference List Aust, G. (2015). Vertical Cooperative Advertising in Supply Chain Management. Cham: Springer International Publishing. Cohen, S., Roussel, J. Strategic supply chain management. Drake, M. (2012). Global supply chain management. [New York, N.Y.] (222 East 46th Street, New York, NY 10017): Business Expert Press. Flynn, B., Huang, X., Zhao, X. (2014). Supply Chain Management in Emerging Markets: Critical Research Issues. J Supply Chain Manag, 51(1), 3-4. doi:10.1111/jscm.12069 Harland, C., Nassimbeni, G., Schneller, E. (2013). The SAGE handbook of strategic supply management. London: SAGE. Ittmann, H. (2015). The impact of big data and business analytics on supply chain management. Journal Of Transport And Supply Chain Management, 9(1). doi:10.4102/jtscm.v9i1.165 Kashmanian, R. (2015). Building a Sustainable Supply Chain: Key Elements. Environmental Quality Management, 24(3), 17-41. doi:10.1002/tqem.21393 Mazzola, E., Bruccoleri, M., Perrone, G. (2015). Supply chain of innovation and new product development. Journal Of Purchasing And Supply Management. doi:10.1016/j.pursup.2015.04.006 Rauer, J., Kaufmann, L. (2014). Mitigating External Barriers to Implementing Green Supply Chain Management: A Grounded Theory Investigation of Green-Tech Companies' Rare Earth Metals Supply Chains. J Supply Chain Manag, 51(2), 65-88. doi:10.1111/jscm.12063 Tachizawa, E., Wong, C. (2015). The Performance of Green Supply Chain Management Governance Mechanisms: A Supply Network and Complexity Perspective. J Supply Chain Manag, 51(3), 18-32. doi:10.1111/jscm.12072