Operations Management and Supply Chains

Supply Chain Management is the conscious and active control of the activities of supply chain in order to gain a competitive advantage as well as capitalize on customer satisfaction (Jespersen Larsen 2005, p. 40). It is a strategic concept that maximizes on coordinated decisions about where and how to store inventory, where to buy the material and the mode of distributions (Advameg 2010, par. 1-3 ).Advertising We will write a custom essay sample on Operations Management and Supply Chains specifically for you for only $16.05 $11/page Learn More The move aims at making the business operate in a cost effective and satisfy the customers on time. The concept also aims at representing the collective effort of all the businesses that produce the products and services to the consumer (The Aspen institute 2008, par. 1-3). The supply chain businesses consciously work towards developing and sustaining the chains in efficient and cost effective ways. Supply chain a ctivities involve product development, production, the sourcing of materials and managing logistics. Physical flows that connect the supply chains include the movement, transformation of the goods and materials and their storage (Caspari Caspari 2004, p. 262). Hand in hand with this are the information flows that enable the businesses to control every day’s flow of materials and goods, and coordinate long-term plans. There is also a constant flow of money among the suppliers, manufacturers then wholesalers, and to retailers as well as to end users Dean says supply chain management is becoming a major concern to both medium and large companies (1). This is due to the need of satisfying customers and offer best quality in market. With the connection, the supply chain management becomes a supply network or web for the businesses because of the existing interaction among the companies (Li et al. 2004, pp. 107-113). More so is the improvement of relation between distributors and suppliers. Instead of operating as adversaries, they operate in cohesion in order to perform effectively (Dean 2002, pp. 1-4). A research conducted by management consulting company of A.T Kearney indicates that supply chain management reduces the costs of operation and production. The study established that the profits generated in chain supply can multiply into billions if slight improvements on operation of the supply are made (Mentzer 2001, pp. 61-70 ).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More When divided among the connected companies, the research shows that the chains save more than 80% of expenses incurred in a typical manufacturing company. More so, the research shows that leading companies in supply chain gain up to 3-7% of total revenues compared to the medium businesses in the same industries (Dean 2002, pp. 1-4). According to John Gossman, competition must not be between companies but among chains. Dean says that success does not spring from one transaction, rather the competition between the companies determines the profits that the business gains. The broadened management focuses on controlling production and logistics (Federal Reserve Bank of Dallas 2005, par. 3-5). For a company to be a leading supply chain, Mckinsey and Company says that it must strive towards aligning their supply chain concepts with the strategy of the corporate. A case study on the supply chain management of Wal- Mart, a leading world’s retail operator, indicates that all the colleagues, from the casual employees to managers in the supply chain understand the strategies and aspirations of the supply chain. The study also shows that the company actively controls the complexity of the product and service. The company has created multiple supply chains in order to gain a competitive advantage within the network (McKinsey n.d., pp. 7- 10) The company has a top- down visio n that checks on their main supply network. They ensure that there exists a balance between productivity, flexibility and initiatives to deliver the most demanded services without additional risks and costs. The company also utilizes excellent strategies such as using the most robust techniques and other technological advancements to ensure execution of supply chain plans. Wal- Mart focuses on reducing costs by minimizing labor among all its distribution outlets. The company’s strategy is to maximize on a sizeable and scaled that compels suppliers to streamline operations as much as possible through unit packaging (McKinsey n.d., pp. 7- 10). Amazon is the other leading company that capitalizes on having every warehouse is flexible in order to accommodate products of different shapes and sizes hence meeting diverse customers need. This strategy also works towards elimination of additional costs. The company also utilizes on new skills and talents to the fullest (Kale 2004, pp. 503- 504).Advertising We will write a custom essay sample on Operations Management and Supply Chains specifically for you for only $16.05 $11/page Learn More Reference List Advameg 2010, Reference for business. Web. Caspari, P. Caspari, J. 2004, Management dynamics, John Wiley and sons, New York. Dean, E. 2002, The perceived impact of supply chain management on organizational effectiveness. Web. Federal Reserve Bank of Dallas 2005, Supply chain management: the science of better, faster, cheaper. Web. Jespersen, B. Larsen, T. 2005, Supply chain management-in theory and practice, 1st edn, Copenhagen business school press DK, Copenhagen. Kale, S. 2004, Global competitiveness: Role of supply chain management.  Web. Li, S., Nathan, B., Nathan, Ragu T. Rao S. 2004, ‘The impact of supply chain management practices on competitive advantage and organizational performance,’ Omega vol. 34, no. 2, pp. 107-124.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More McKinsey Company, The race for supply chain advantage: six practices that drive supply chain performance. Web. Mentzer, J. 2001, Supply chain management, 2nd edn, SAGE, California. The Aspen institute 2008, Supply chain management. Web. This essay on Operations Management and Supply Chains was written and submitted by user Paloma Y. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. Operations Management and Supply Chains

Road Rage Sample Essay

Road Rage Sample EssayIf you are looking for a way to address road rage, perhaps a road rage sample essay would help. You might be considering writing your own in the hope that it will help you with your goals for this writing assignment. Before you begin writing, consider this option first before you do.Why write a sample essay? There are several reasons why you might want to write a sample essay. For example, you might have a business or university term paper due at some point. Or, you might have a parent's college application to complete or a child's school essay to finish. Whatever your situation, a sample essay is worth writing as an outlet for you.Since most road rage incidents occur on the road, you may be looking for a sample essay to help you write your own essay. Writing the essay is not hard. You just need to gather your thoughts and ensure that you can get your point across with the utmost clarity.Your road rage sample essay should include the most basic facts about the r oad rage incident, and how you feel after reading your sample essay. You can research road rage incidents online to find details about the circumstances. Maybe the individual involved in the road-rage incident was driving, the driving was careless, or there were other factors contributing to the incident.It is important to remember that road rage is all in the mind. No amount of statistics can prove your point that a certain person is the cause of your road rage. Be sure to mention your opinion about the problem, as well as how you plan to solve it. This way, it is easy to differentiate your personal opinion from the opinions of others.When you write your road rage sample essay, you may also include a conclusion. This way, you will have a clear picture of what you are trying to say. Keep in mind that although there is no one simple solution to the problem, it is possible to work with the situation and minimize the effects of the incident.It is up to you to decide if writing a road r age sample essay is right for you. If you decide to write a sample essay, make sure that you take time to gather all of your thoughts before you begin writing. Remember that you can create an engaging topic for your essay by taking your time to get your thoughts. Be sure to include an important issue and a plan to address it.