Reference no: EM132224098

Opportunities and Challenges in Supply Chain Management

1) Globalization is changing the way we do business and impacting supply chain operations.
a. list and explain 3 benefits of globalization
b. list and explain 3 challenges of globalization

2) Planning and risk management - In order for companies to stay efficient and be as effective as possible, it is important that the regularly assess their business and redesign as needed. Many of these changes are necessary because of changes in the market. Please describe in your own words the following concepts:
a. Product launches
b. Global sourcing
c. Credit availability
d. Intellectual property

3) Producing quality products is important for companies to stay viable. How can good quality and reliability improve the following?
a. Customer relationships
b. Reverse logistics
c. Costs
d. Operations management

4) technology - The use of more sophisticated technology is helping businesses manage their operations and control their supply chain network. Explain 2 examples of how companies are using technology to improve their supply chain networks. (4 marks)

5) Cost control - Operating costs are under extreme pressure by rising energy/fuel and freight costs, greater number of global customers, technology, increasing labor rates, new regulations and rising commodity prices.

Read the following article and answer the questions below:

Article - Uber for empty containers could solve repositioning challenges by Gary Wollenhaupt

a. What is a trade imbalance?
b. Name 2 challenges with the empty containers
c. Name 2 benefits of a direct move versus sending the container back to a terminal

6) Environmental impact - Explain 2 changes in supply chain management that are reducing the impact on the environment and making it more environmentally friendly.

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