Assignment 1: Discussionâ€”Key Elements of a Supply Chain
The success of any supply chain depends on the framework of the organization. The framework of an organization identifies strategic challenges that were critical to the organizationâ€™s existence in the past and are also critical to its future growth. In this assignment, you will examine the ways in which selection of a framework can affect the success or failure of the supply chain program.
Most organizations use a single framework or a combination of frameworks to develop supply chains.
Using online library resources and the Internet, research frameworks for developing supply chains.
Then respond to the following:
- What is a supply chain? What are some potential benefits of managing the supply chain?
- What are the key factors that help an organization decide what type of framework they should use to develop the supply chain?
- What would be the impact on the development process if an incorrect framework is used? Discuss your reasoning by providing examples.
- Describe the three types of value (supply) chain frameworks and explain which one you think is the best. If possible provide a visual illustration or representation. Why do think your chosen framework is best? Justify your explanation.
After your initial post, discuss the following:
- What are the strategic, tactical, and operations issues in supply chain management?
- What is the bullwhip effect, and why does it occur? How can it be overcome?
- What impact has eBusiness had on supply chain management?
Write your initial response in 200 to 300 words. Apply APA standards to citation of sources.