Question

There have been significant developments that have brought operations and supply change management to the forefront of the manager’s attention. Discuss some of these recent developments and the impact they are having on companies regarding their approach to their operations and supply chain.

Answer 1

Answer:

Supply chain management is the most significant divisions in manufacturing concern meanwhile they confirm the accessibility of raw resources. A small interval in this procedure will nearly delay the entire operations. The key purpose why the operations and supply chain are transported to the lead of manager's devotion are as follows:

1. To evade delay in manufacture.
2. To preserve a pleasant association with the supplier.
3. To sustain inventory.
4. To decrease the inventory expenses.
5. To permit the production development department to progress with the development process.
6. To decrease finished goods inventory expenses.

Several corporations have start depending upon software’s rather than handbook records to achieve their operations and supply chain. Several software packages are accessible in the market and a whole ERP Suite will support the administration to take decisions at the correct time. These software’s will support the executives to know the prestige of inventory and additionally they will also support the administration to resolve on the raw Goods and the finished goods inventory.

The influence that the firms are facing currently are due to the improvements in their operations administration are as follows:

1. Decrease raw goods inventory expenses.
2. Decrease finished goods inventory expenses.
3. Decrease operational expenses.
4. Actual decision making.

These are some of the improvements and the influences that the firms are facing due to the current expansion in technology.