Supply Chain Management as a Value Driver

Introduction Supply chain management refers to various stages involved between acquisition of raw materials and availing a finished product to a consumer. It involves different players including suppliers, manufacturers, wholesalers, retailers and consumers. Supply chain management involves administering of resources, data and finances as they progress from a supplier to a consumer.Advertising We will write a custom essay sample on Supply Chain Management as a Value Driver specifically for you for only $16.05 $11/page Learn More Supply chain management consists of three main sequences including product sequence, information sequence and finances sequence. Product sequence involves passage of materials from a supplier to a consumer as well as any service sought by a consumer after purchasing a product. Information sequence includes sending of orders and granting updates on delivery condition while finances sequence involves deliberations pertaining to cre dit terms, payment periods, products and ownership title plans. Stakeholders in supply chain management use two main kinds of software: projection softwares and implementation softwares. Projection softwares show the best method in filling an order while execution softwares track physical condition of products, utilization of raw materials and financial data relating to all players in a supply chain. Supply chain strategies Supply chain strategy refers to deliberations and decisions concerning supply chain management that contribute to overall business strategy. Business strategy can either be cost reduction-based or differentiation-based. Wal-mart is good example of a company that has applied various components of supply chain strategies. The company has adopted both lean and agile strategies. Lean strategy is evident when Wal-mart utilizes inventory maximization and transportation maximization methods to decrease costs. On the other hand, Wal-mart applies cross docking to respond efficiently to customer demands. Concerning lean strategies at Wal-mart, the company starts with strategic identification of goods at lowest prices possible from suppliers who can constantly meet Wal-mart’s demand. To sustain flow of materials, Wal-mart creates strategic partnerships with suppliers and offers them long-term and great volume purchases at fairest possible prices.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Such suppliers transport materials to Wal-mart’s distribution units where cross docking takes place prior to delivery to other stores. Cross-docking marks Wal-mart’s agile supply chain strategy. It involves receiving goods from manufacturers and directly availing them to customers in the shortest time possible. Cross-docking assists Wal-mart in reducing holding charges and avoidance of overstocked stores. Wal-mart’s supply chain strategy gran ts the firm various sustainable competitive edges. Such edges include low product prices, decreased stock carrying expenses, enhanced products variety as well as competitive bidding for customers. As such, Wal-mart has become and remained a great force in the market. The Human Factor in Supply Chain Management As much as technology plays a crucial role in supply chain management, human resource component plays an equally major role. If suppliers failed to produce required materials or products, the supply chain would have no product to supply. Staff members can disrupt supply chain by going on strikes. Customers can shun products and stores selling certain products. All these possible reactions lead to massive losses by various organizations. To avoid such scenarios, organizations should pay suppliers on time and as agreed. Staff members require learning, training, and fair remunerations. Customers need updated information on all products and presence of needed goods at all times. O rganizations must avoid stocking products that degrade the environment. References Kwon, I.-W. G., Suh, T. (2004). Factors Affecting the Level of Trust and  Commitment in Supply Chain Relationships. Web. Rouse, M. (2010). Supply chain management (SCM). Web. Supply Chain Musings. (2010). Supply Chain Strategy: Lean and Agile at the Same  Time? Web.Advertising We will write a custom essay sample on Supply Chain Management as a Value Driver specifically for you for only $16.05 $11/page Learn More University of San Francisco. (2013). Walmart’s Keys to Successful Supply Chain  Management. Web. This essay on Supply Chain Management as a Value Driver was written and submitted by user Bradley Compton 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.

Evidence Exam Essay Answers - Sample Test Answer

Evidence Exam Essay Answers - Sample Test AnswerIf you want to improve your chances of being accepted into law school, it is important that you work hard at developing a strong law school admission essay. The essay is where your goal is not just to discuss why you are the best candidate for a particular school but what attracted you to that school in the first place. In this article, we will give you some sample evidence exam essay answers.You should realize that your essay does not just tell your story to admissions officers; it tells the story to the entire admissions community. You have to be careful not to give too much information about yourself as it can make you seem too self-involved. Also, a long essay means that you already know what you are talking about. You should keep it short and sweet. Here are some sample evidence exam essay answers that you might find helpful.While your scholarship offers to pay for your studies would seem like a good reason to go to law school, it does not always seem that easy. And when you enter the legal profession, it may be easier than ever. Despite all the challenges, I decided to pursue my dream and I am incredibly grateful to the many generous donors who have supported me throughout my career. There are so many programs, scholarships, and grants out there that you should take advantage of every opportunity that comes your way. Having to pay for college on your own should not stop you from pursuing your dreams.It is an honor to be considered for admission to law school. You have done your research and have a great deal of pride in your accomplishments. You and your family are encouraged by the overwhelming support you receive. By being part of the best legal profession in the world, you help make our society a safer place to live. With the help of scholarships and grants, you can continue your education and pursue your dreams.This is something I was able to do myself because I had the opportunity to speak with the admi ssions counselor at this particular institution. He was very excited about the prospect of getting you into his school. You are an exceptional student and I know that you will graduate.Don't let the stress of the admissions process stop you from living your dream. The requirements for admission to law school may be challenging but you can overcome them. Law school admissions exams are quite competitive, but if you apply yourself with hard work and enthusiasm, you will be able to graduate.Of course, these sample evidence exam essay answers are not legal advice. Make sure that you discuss legal matters with your attorney before signing any agreement or providing any information to a third party. Only an attorney can provide you with legal advice regarding your application for admission. We hope that these sample evidence exam essay answers give you a good start for writing a winning essay.Please feel free to contact us with any questions you may have. If you have any questions about t hese sample evidence exam essay answers, please feel free to email us at info@lawprofs.com.