Poirier, Charles, et al. Diagnosing Greatness: Ten Traits of the Best Supply Chains, J. Ross Publishing, 2009. ProQuest Ebook Central,

Diagnosing Greatness: Ten Traits of the Best Supply Chains

Financial impact and Innovation are two of the key factors that are driving how managers think. If a company is not financially viable they will not stay in business very long. Therefore, they are looking for ways to be more productive at a lower cost. “These observations and those of many others from our research indicate that something is indeed happening in the supply chain world, as leaders move into higher levels of maturity and pursue more advanced supply chain management. As returns from cost-cutting activities diminish, leaders seek new value through innovative techniques” (Poirier, Charles p.56). While in most businesses the biggest costs companies seem to have to contend with is payroll, so they are looking for ways to reduce that cost and increase their profit margin. For example, within auto glass manufacturing, they have gotten away from using people to perform many tasks, and started using robot, and continue to look for ways for robots to replace people. There is also a down side to innovation as there is with everything. The internet revolutionized the world and the way we do business. It made purchasing various goods, and how we pay for them much easier and convenient but has created a new form of criminal. Furthermore, as with everything there is a price to be paid. What has to be looked at and analyzed is, does the benefit outweigh the cost. As firms invest millions of dollars annually in developing their supply chains, with the broad goal of increasing their own performance. However, despite the significant resources deployed for supply chain development, the extent to which initiating, maintaining, and managing supply chain relationships contributes to firm success, it is also unclear as to the outcome, until it is actually put into practice within the market.
Fred

References

Poirier, Charles, et al. Diagnosing Greatness: Ten Traits of the Best Supply Chains, J. Ross Publishing, 2009. ProQuest Ebook Central, https://ebookcentral-proquest-com.ezproxy2.apus.edu/lib/apus/detail.action?docID=3319496.

reply 100 words to student Dale class 441:

 

Process management is a vital part of the workings of a successful supply chain.  Supply chains go through quite a process from beginning to completion, as well as changing, and growing within that process.  In fact, “supply chain management processes; those that span multiple organizations and focus significantly on the flow of goods, information, and funds can be quite complex, requiring intra- and inter- organizational coordination and collaboration” (Poirer, Quinn, and Swink, 2009).

If a company is able to maintain good process management it will make a huge difference in the way the company runs and the supply chain functions.  It is interesting to consider how putting emphasis on the flow of goods and customer service can come at a high cost to the company.  Without those things being a priority for company, though it can become an even larger expense.  If the flow of goods is not functioning well it can cause significant issues.  Without products on the shelves the company can make no money, which also causes issues with customer service.

One thing that is interesting to consider is that some of the biggest most widely well known companies have fairly unique processing management ideas.  Some of these companies are “Walmart, Ikea, the Walt Disney Co., UPS and many other similar firms are often highlighted for their own version of supply chain management mastery and innovation” (Flint, 2007).  Other companies try to follow some of the processes that these companies use because they have been so successful.  Their are not many companies that have the size of business like these listed, but they can still take key points from their processing management to make it work.

Do you think that small businesses can implement the same practices as large businesses and be successful?

resources

Flint, Daniel. “Supply Chain Innovation.” Supply Chain Innovation.N.p., 16 July 2007. Web. 11 June 2018.

Poirer, Charles C., Quinn, Francis, and Swink, Morgan. Diagnosing Greatness: Ten Traits of the Best Supply Chains. Ft. Lauderdale, FL, USA: J. Ross Publishing Inc., 2009. ProQuest library. Web. 11 June 2018

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