In this report, I would like to summarize my key learning points that inspired from this subject, which I strongly believe is highly applicable to my professional development.
We’re living in a global village where anyone can reach out to anybody, any component can be invented, design, manufacture and sell to anywhere without boundary. We’re here facing many, but not the least of challenges in complexity, uncertainty, conflict, competition, lead-time, inventory and diversification. The key learning point is really how do we stay competitive in this new customer-value maximization century!
First, I’ve to admit that I’ve a completely different perspective of what is the Supply Chain Management (Operation management) after this course, especially from my many years of background as the consultant that implemented a few Supply Chain, B2B, B2B2C equivalent of IT systems. Furthermore the case studies (especially the Singapore Supply Chain story) used in the lecture has tremendously helped to further push and expand my personal understanding of rational, application, as well as impact of having a comprehensive operation management / SCM in every organization.
In any organization, no one is suppose to be the hero, but it is about how every one collaborate and work in-sync, by using of the right information, at the right time, and in an well coordinated workflow / network which would make a company achieving its operation excellence.
In this 21st century, to stay in this competitive economic situation, where industries are quite fragmented in specialization and globalization. The key challenge is no longer how many resources to be deployed, but understand and be able to provide what is the customer want is the key differentiator for any business. Furthermore, the new economy is where you’re no longer focus in the competition but rather how u can work “with” the competitors (for example the risk pool effect) and creating an unique differentiating value added...