Develop research report detailing best practices

Assignment Help Supply Chain Management

Reference no: EM132492166 , Length: 6 pages

Assessment - Developing Supplier Relationships

Develop a 5-6 page research report detailing best practices, organizational impacts, and benefits in building effective chain partner relationships

Scenario

For this assessment, choose either Option 1 or Option 2. You do not need to do both. You will apply one of these scenarios in the Requirements below. Both options will be graded using the same scoring guide.

Option 1
Now that you have selected a vendor for your sourcing practices at JM Manufacturing, you must focus on building a relationship with that vendor. Since countries have different business practices, you must become familiar with proper business etiquette to build a strong professional relationship.

In addition to the single vendor you selected, it is important to reflect on past events that crippled supply chains and prepare for unexpected events. When you previously worked for another manufacturer of video boards for medical devices, the 2004 Indian Ocean earthquake and resulting tsunami destroyed the factory and put this business at risk. You were forced to stop shipments of medical devices until an alternative vendor was identified. Since you learned how devastating this situation can be, you now want to plan ahead for these types of events, which are called, "black swan events." This will lead you into selecting an alternative vendor in a different geography from the first vendor. You may create a fictitious supply vendor or use a real company.

Your Role

Option 1
You are a supply chain manager for JM Manufacturing and are tasked with building a business relationship with your selected vendor, while searching for an alternative vendor. This alternative supplier can solve two problems: Serve as a replacement for the first vendor in the event the business partnership does not work well and serve as a replacement in the event of a catastrophe. You are tasked with preparing a research report on developing supplier relationships for senior leadership.

Requirements

Include the following in your research report:

Assess how best to implement the best practices of relationship building for the selected vendor. Include a realistic timeline for entering into and working through the intricacies of the vendor relationship.

Analyze the potential impact of black swan events on global supply chain sourcing. Pick two events to analyze. (For example, terrorist activities such as the 9/11 attack, earthquakes and the Fukushima accident, or political events such as the collapse of the Soviet Union.)

Analyze how an alternative vendor mitigates the impact of a black swan event. Consider political stability, geography, international relations, and economic strength, among others in your analysis.

Recommend an alternative vendor to meet supply chain needs. Justify why the selected supplier is the best choice for your organization. Be sure to explain ethical and legal considerations for your selection.

Requirements:
The research report should be 7-8 pages, not including the title and reference pages. Use a report template of your choice.

Evaluation

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:
Competency 2: Analyze effective sourcing practices that support organizational needs. Analyze how an alternative vendor mitigates the impact of a black swan event.
Competency 3: Apply inventory management strategies that achieve quality and efficiency throughout the product life cycle.
Analyze the potential impact of black swan events on global supply chain sourcing.
Competency 4: Develop strategies to establish and maintain effective supplier relationships.
Assess how best to implement the best practices of relationship building for the selected vendor.
Competency 5: Apply ethical and legal principles to supply chain sourcing practices.
Recommend an alternative vendor to meet supply chain needs.
Competency 6: Communicate in a manner that is professional and consistent with expectations for members of the business professions.
Writes coherently to support a central idea with correct grammar, usage, and mechanics as expected of a business professional.

Attachment:- Developing Supplier Relationships.rar

Reference no: EM132492166

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