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Literature Review Assignment Help:
Task:
I aim to become a supply chain management consultant, and Im interested in developing SC models in order to make the operational process smoother and meet the customer requirement.
Supply chain strategies have been discussed widely under different studies.
Managing supply chains efficiently is a difficult and thought- provoking duty, owed to the current business developments of expanding product diversity, short product life cycle, partnership, multi-national businesses, and nonstop improvements in information technology (Lee, Hl, 2002). When company encounter with challenges in their supply chain, such as inventory over loading, low profit, higher cost, and poor customer service; its essential to review SC strategy model in order to identify barriers. Also, in developing new products SC strategy aid company in terms of finding challenges and opportunity.in this article, Lee, H review product categorization effect on supply and demand uncertainties, furthermore develop uncertainties framework to plan a suitable supply chain strategy.
In the other study conducted by Li, D, & OBrien, took a quantitative mathematical path and in the conceptual mode, products are classified into two categories, functional products and innovative products. Then, SC strategies are classified into a physically efficient process to supply predictable demand efficiently at the lowest possible cost, and a market-responsive
process to provide quickly response to unpredictable demands (Li, D, 2001). By this methodology this article presents model for supply chain interaction with operational process based on three different SC strategies (MTO, MFS and MTS).
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Posted on : April 02nd, 2018
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