Supply Chain Management: Challenges and Opportunities.
Name
Institution
Table of Contents
Executive Summary 2
Introduction. 3
Current situation with supply management. 4
Supply Chain challenges 5
Process risk 6
Management challenges. 6
Supply chain opportunities. 7
Conclusions and Recommendation. 9
Reference 11
Executive Summary
Supply Chain Management is collection of decisions that synchronize and use activities to integrate manufacturers, suppliers, transporters, warehouse and customers efficiently so that the correct service or the product is well-distributed at right site, right quantity at the correct time, to make sure minimal cost and to satisfy the customers need. The aim of supply chain Management is to meet competitive advantage that is sustainable (Neef, 2004).
A firm's supply chain in the aerospace atmosphere is very complicated. This is because the company has various suppliers and clients. Therefore the Logistic functions enables the physical flow of goods from the raw material manufacturers to the retailers and finally to the last consumer. The Supply chain within the company includes the sources of raw material, production of the end product and finally their distribution. Sourcing of a firm mandates to select the suppliers, negotiate for the contract, and formulate the buying process and process orders. The production transforms the raw materials to product. Distribution manages the flow of raw material to the end products from the manufacturer to the client (Lam, 2005).
The Enterprise Resource Planning System integrates the company's information systems, they process and stores data, this applies to all business units to aid the management to make business decisions.ERP influences the way firms work daily and enables information to flow in all the processes of supply chain in the company. Boeing 787 is majorly affected by the distribution network, where it involves moving material between places and locations. Management in...