Supply Chain Management: Challenges, Remedies and the Impact of change - Overview
Adawari Josiah Jumbo Student No.: 15522057
Laureate Online Education & University of Liverpool – Online Masters Degree In
Partial fulfillment for the award of Master of Science (M.Sc.) Degree in Operations and Supply Chain Management
Instructor: Professor Anshuman Khare
I am delighted to say thanks my Instructor Professor Anshuman Khare for your professional support and supervision all through this module including this project work for your encouragement is commendable. The learning acquired through interaction with my course mate has been tremendous, I therefore say thanks to my entire class mate. I also appreciate all authors whose works aided me in this project. I am sincerely indebted to all of you. To God, I say thanks for your kindness and support for this programme.
Adawari Josiah Jumbo
This research was carried out to find out the challenges and the economic and operational impact of change on supply chain, including the options available to improve the challenges and create increased performance on the chain. To drive home the study we focused on PHRC Limited in Nigeria. We also undertake a comprehensive review of current literatures in the topic area as to lay ground work for the study. We equally adopted narrative and descriptive methods in analyzing the data generated. Through the study, we find out that supply chain faces a lot of challenges such as uncertainty in operations, inadequate or in some cases complete absence of technological input, effect of bullwhip arising from various fluctuations in demand and supply, poor benchmarking leading to improper supply chain monitoring etcetera, all these impact greatly on supply chain. From the study we also noticed that firms that fail to pay attention on these challenges, including its impact perform sub optimally. Thus to improve on the challenges and perform optimally, we recommended, the application of collaborative planning, forecasting and replenishment business tools as to create commitment among partners in the chain. We also advocated strategic technological buy-in, as to improve business process, easy retrieval of data for prompt decision making; attention should also be paid to benchmarking as to create check and balance in performance; serious consideration should also be paid to the effect of globalization because ignoring this could lead to loss of customers.
TABLE OF CONTENT
Table of Contents
Statement of Problem
Supply Chain Management Parameters: What is it?
Operational and Economic Impact
Methodology/Scope and Limitations
Population of Study
Method of Collecting Data
The Major focus Area
Scope of study
Analysis of Findings
Challenges of Supply of Chain Management
Supply chain management importance in organization success can not be overstated, as it tends to create efficiency...
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