Digital supply chain risk due to the potential for Internet of Things (IoT) security vulnerabilities, which arise when assets and machines share data via sensors and software, the digital supply chain may be exposed to danger. Stages of digital supply chain management involve planning out processes and inventory before advancing to order management.
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A discussion about lack of supply chain coordination and the bullwhip effect
In SCM, a supply chain manager coordinates the logistics of all the aspects of the supply chain which consists of five parts: the plan or strategy, the source of raw materials and services, manufacturing, i.e., productivity and efficiency, delivery and logistics, the return system for defective and unwanted goods etc. The phenomenon that fluctuation in orders increases as one moves up the supply chain from retailers to wholesalers to manufacturers to suppliers is referred to the bullwhip effect. Managers can help achieve coordination in supply chain by aligning goals and incentives across different functions and stages of the supply chain. When supply chain moves from retailers to wholesalers to manufacturers to suppliers, the bullwhip effect occurs. It results in different stages optimizing local objectives instead of total supply chain profits. The bullwhip effect results in costs in the supply chain and decrease in levels of customer service.
H & M Supply Chain management: A case study
Hennes & Mauritz AB is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. As of November 2019, H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. It is the second-largest global clothing retailer, behind Spain-based Inditex (parent company of Zara). Founded by Erling Persson and run by his son Stefan Persson and Helena Helmersson, the company makes its online shopping available in 33 countries.
Supply chain: how to define the term and the process in general
The design decisions determine the supply chain configuration and set constraints within which other supply chain drivers can be used either to decrease supply chain cost or to increase responsiveness. Mapping your supply chain denotes accumulating information about your suppliers, their own suppliers, and the people who work in your supply chain to engender an ecumenical map of your supply network. Supply-chain-management software (SCMS) is the software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes.
Sustainability strategy in the business world: A brief discussion
While discussing Supply Chain Management Network Design the business issue of Supply Chain Sustainability is included by high-caliber executives. The aim is different for every company such as utilizing sustainable materials in the manufacturing process, optimizing supply chains to abbreviate greenhouse gas emissions, relying on renewable energy sources to power facilities, sponsoring edification funds for youth in the local community, etc. There is a shift of paradigm from firm level to supply chain level competition and the challenge of integrating sustainability targets into corporate comportment due to growing environmental and ethical cognizance ecumenically. A sustainable supply chain is quantified by triple bottom line, which are the upstream components of the supply chain.
JCPenney’s Supply Chain: A case study
Strengthening and revitalizing the highest traffic area in the store to become a leading destination for women’s shoes, handbags, fashion jewelry, intimate apparel and accessories, which are anchored by two very strong businesses: Sephora inside JCPenney and the Fine Jewelry store. This week, one of the oldest and largest stores to crack under the pressure of the pandemic, JCPenney, announced that it will be closing a total of 165 stores by Mar. J.C. Penney partners with organizations such as the Sustainable Apparel Coalition (SAC), apparel, footwear, and textile industry alliance to decrease the environmental and social impacts of production. These include actively participating in the Environmental Protection Agency (EPA) SmartWay program, which helps companies advance supply chain sustainability by measuring, benchmarking, and refining freight transportation efficiency.
Driver shortage can create logistical and supply chain issues: Land transportation in North America.
Brown notes that trucking companies can’t realistically expect to get “lifer” employees anymore – the guys and gals who stick with a company for their entire career. Logistic activities undertaken in-house by the users of the services and the operations of external service providers. How and why the driver shortage issue developed and possible solutions one of the reason of the shortage, according to ATA is explosion of shopping due to retail giant Amazon and Walmart. Although ATA wanted some attention from government arguing systematically about driver shortage issue. Some trucking companies are working harder to make the profession suitable to women by addressing some of the issues like safety, comfort and the ability to juggle driving career with family life. The BLS says that if wage adjustment and other regular formalities allow fix driver shortage, why there should be an issue of driver shortage since 1980. All firms and relationships that get a product to market, including the original acquisition of raw materials; production of the item at a manufacturing facility; distribution to a retailer; sale of the finished item to the customer, and any installation, repair, or service activities that follow the sale.
Keywords: Driver shortage, supply chain,North America, USA, Canada etc.