1 of 1
Lesson 12 Discussion Question » Steps to Sourcing Green » 7/18/2020 5:15 pm |
Green sourcing is about procuring goods and services with a reduced environmental impact. It is also an integration of environmental performance considerations into the procurement decision-making process.
Steps to Green Sourcing:
Communicate Expectations: Goals and standards should be communicated to the supplier and clear expectations should be set during the sourcing process and proactively monitoring compliance/progress.
Assess Internal Supply Chain: This is engaging internal supply chain stakeholders. Make sure you understand the business requirements, product specifications, and internal stakeholder perspectives in your supply chain.
Assess Supply Market: Engaging new and existing vendors is important and recognizing new opportunities and product substitutions.
Lesson 7 Discussion Question » Bullwhip Effect » 6/14/2020 3:27 pm |
@Nnzewi I agree with you on transparency to mitigate the risk effect. Nevertheless, planning and forecasting play a major role in supply chain management. The players should ensure improvement in forecast accuracy and enable fast decision with visibility and insight.
Lesson 7 Discussion Question » Bullwhip Effect » 6/14/2020 3:02 pm |
The bullwhip is a situation in which small fluctuations in demand at the downstream end of the supply chain may cause outsized variations at upstream suppliers. The effect is a bloated and ineffective supply chain with too much inventory
Inventory optimization based on demand projection is one area in my organization supply chain that can be subject to the bullwhip effect. Many customers demand records are used to project our procurement to meet the demand of those customers.
Unexpected natural occurrence, for example, COVID-19 could cause the procured inventory to sit due to entrance restriction into different countries in the world where these customers are. The effect will result in a bloated and ineffective supply chain.
How to Mitigate the effect:
1. Collaborate with customers and suppliers
2. Improve forecast accuracy
3. Enable fast decisions with visibility and insight
4. Adopt a demand-driven supply chain management approach
Lesson 2 Discussion Question » Describe how supply chain mapping might benefit your organization. » 5/09/2020 12:29 pm |
Thanks Cynthia for your summarized benefits of supply chain mapping to your organization. I agree with your view that it helps your organization to know the potential disruptions in the course of your supply chain activities. This will always help in planning to minimize the risk, hence reduce cost.
Lesson 2 Discussion Question » Describe how supply chain mapping might benefit your organization. » 5/09/2020 12:15 pm |
Supply chain mapping is so important to my organization as an international marketing company and into the distribution of potash, ensuring global supply and quality of food. Supply chain mapping plays a vital role in our supply chain cost reduction strategy. It improves transparency and greater supply chain visibility. It minimizes the potential risk inherent in the supply chain of our product, such as derailment, rail diversion, weather and strike action of other organizations involved in the supply chain activities.
1 of 1