Respond to the 2 classmates
Classmates response Tonya:
What is involved in global logistics and risk management? What do we need to be aware of?
Tonyelle Woody
Florida Institution Technology
Global logistics refers to the flow of resources and information between a business or source and the consumer. It is a management process that analyzes how resources are acquired, stored and transported. To be effective, the process requires detailed analysis of a companys entire supply chain
Effective management of the international supply chain process requires a strategy to effectively store and transport goods, services and related resources to the consumer. Global logistics analyzes and implements efficiencies to streamline this flow of resources from the point of origin to the point of consumption. It is a fundamental business process that includes the management of upstream and downstream relationships between suppliers and consumers
Risk Management
Risk management in the financial word, risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in invest decisions. Essentially, risk management occurs any time an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given his investment objectives and risk tolerance.
· Outsourcing and offshoring imply that the supply chain is geographically more diverse and hence
more exposed to various risks.
· Recent trends toward cost reduction, lean manufacturing and just-in-time imply that in a
progressive supply chain, low inventory levels are maintained.
· In the event of an unforeseen disaster, adherence to this type of strategy could result in a shutdown of production lines because of lack of raw material or parts inventory.
· Sources of Risk
· Natural disasters
· Geopolitical risks
· Epidemics
· Terrorist attacks
· Volatile fuel price
· Currency fluctuations
· Port delays
· Market changes
· Suppliers performance
· Forecasting accuracy
· Execution problems
What do we need to be aware of?
1. Customer Reactions
2. Competitor Reactions
3. Supplier Reactions
4. Government Reactions
Reference
Simchi-Levi, David; Kaminsky, Phillip and Simchi-Levi, Edith (2008). Designing and managing the supply chain. New York, New York. McGraw-Hill, Inc.
Reply
Classmate response #2: Marlene
Global business and supply chains are continuously become significant. The scale of this trend can be measured using various factors which include the facts that a fifth of U.S firms’ output comes from outside the country and a quarter of the imports of the U.S are between the main companies in the later and its foreign affiliates. Besides, more than a half of the companies based in the used doubled the number of states where they have branches (Simchi-Levi and Kaminsky, 1999). Domestic supply chain management, when spread over a large geographical location, is similar to international dist ...
Respond to the 2 classmatesClassmates response TonyaWha.docx
1. Respond to the 2 classmates
Classmates response Tonya:
What is involved in global logistics and risk management? What
do we need to be aware of?
Tonyelle Woody
Florida Institution Technology
Global logistics refers to the flow of resources and information
between a business or source and the consumer. It is a
management process that analyzes how resources are acquired,
stored and transported. To be effective, the process requires
detailed analysis of a companys entire supply chain
Effective management of the international supply chain process
requires a strategy to effectively store and transport goods,
services and related resources to the consumer. Global logistics
analyzes and implements efficiencies to streamline this flow of
resources from the point of origin to the point of consumption.
It is a fundamental business process that includes the
management of upstream and downstream relationships between
suppliers and consumers
Risk Management
Risk management in the financial word, risk management is the
process of identification, analysis and acceptance or mitigation
of uncertainty in invest decisions. Essentially, risk management
occurs any time an investor or fund manager analyzes and
attempts to quantify the potential for losses in an investment
and then takes the appropriate action (or inaction) given his
investment objectives and risk tolerance.
· Outsourcing and offshoring imply that the supply chain is
geographically more diverse and hence
more exposed to various risks.
· Recent trends toward cost reduction, lean manufacturing and
2. just-in-time imply that in a
progressive supply chain, low inventory levels are maintained.
· In the event of an unforeseen disaster, adherence to this type
of strategy could result in a shutdown of production lines
because of lack of raw material or parts inventory.
· Sources of Risk
· Natural disasters
· Geopolitical risks
· Epidemics
· Terrorist attacks
· Volatile fuel price
· Currency fluctuations
· Port delays
· Market changes
· Suppliers performance
· Forecasting accuracy
· Execution problems
What do we need to be aware of?
1. Customer Reactions
2. Competitor Reactions
3. Supplier Reactions
4. Government Reactions
Reference
Simchi-Levi, David; Kaminsky, Phillip and Simchi-Levi, Edith
(2008). Designing and managing the supply chain. New York,
New York. McGraw-Hill, Inc.
Reply
Classmate response #2: Marlene
Global business and supply chains are continuously become
significant. The scale of this trend can be measured using
3. various factors which include the facts that a fifth of U.S firms’
output comes from outside the country and a quarter of the
imports of the U.S are between the main companies in the later
and its foreign affiliates. Besides, more than a half of the
companies based in the used doubled the number of states where
they have branches (Simchi-Levi and Kaminsky, 1999).
Domestic supply chain management, when spread over a large
geographical location, is similar to international distribution
link management. However, however international chain
management gives vast opportunities when governed
effectively. Moreover, people ought to be aware of the various
issues or setbacks involved in this field of operation (Manuj and
Mentzer, 2008). The systems involved in universal logistics and
risk supervision are international suppliers and distribution
systems, offshore production, and global supply chain that are
fully integrated.
The trend towards globalization is controlled by global market
and cost forces, technological, and financial and political
forces. Besides, these forces enhance the market opportunities
which in turn cause increase in profits and sales as a result of
widening of the universal chain of supply. Unfortunately, the
enhancements in the opportunities and gains come along with
several threats to the current global firms. For example,
epidemics, natural disasters, geopolitical threats, terrorism,
fluctuations in currency, volatile prices of fuel, market changes,
port delays, execution issues, accuracy in forecasting, and
performance of the suppliers (Hopkin, 2017). However supply
chains can be managed through investing in redundancy,
creating adaptive supply link communities, and increasing the
speed of sensing and giving response. The regional variations in
logistics can be grouped into cultural differences, evaluation
and expectations in terms of performance, availability of
information system and infrastructure. These factors cause
distinct operations in the global supply chain
Reference
Hopkin, P. (2017). Fundamentals of risk management:
4. understanding, evaluating and implementing effective risk
management. Kogan Page Publishers.
Manuj, I., & Mentzer, J. T. (2008). Global supply chain risk
management strategies. International Journal of Physical
Distribution & Logistics Management, 38(3), 192-223.
Simchi-Levi, D., Simchi-Levi, E., & Kaminsky, P.
(1999). Designing and managing the supply chain: Concepts,
strategies, and cases. New York: McGraw-Hill.
Reply
Running head: VULNERABLE POPULATION SUMMARY
1
VULNERABLE POPULATION SUMMARY
6
Vulnerable Population Summary
Joyce Walker
Ashford University
Jennifer Maves
Vulnerable Population Summary
The group that I have selected is people with alcohol and
substance abuse. These individuals are affected by culture or
ethnicity and income. Many of the individuals who have
substance abuse issues come from the minority groups. These
individuals are more likely to be susceptible to substance abuse
because they experience a poorer state of life than the white
people. The majority of them live in poor neighborhoods where
crime and drug trafficking is at a high rate. As a result of the
disappointments of poverty and the ease with which drugs can
be acquired in that environment, the individuals turn to drug
abuse so as to relieve some of their pain and stress. They have
5. also been severely marginalized by the society. Their needs
have not been met, and therefore they feel frustrated by their
current situation. They, therefore, decide to turn to drug abuse
to overcome their hurt feelings (Fisher & Roget, 2009).
The income of this people also affects the probability of them
being drug users. People from low-income areas tend to suffer
from alcohol and drug abuse. This is because they are frustrated
by their inability to make ends meet and advance in life
financially. They, therefore, turn to drug abuse so as to deal
with their hurt emotions.
There is an interaction of social, economic and political factors
that affect the vulnerability of these individuals. Socially, these
individuals are the minority. They do not get much support from
the society or a recognition of their needs. They, therefore, fall
subject to stress and use drugs to help them get over that stress.
The society in which these people live in can also influence if
the individual will fall into drug abuse. Some societies tend to
increase the likelihood of the individual engaging in drug abuse.
This is because of the ease with which an individual can get the
drugs due to the drug trafficking that is already occurring in the
place. Another reason could be the permissiveness of the
society toward drug abuse, such that they do not treat it as a
point of concern but as an everyday life occurrence. This may
make the younger generation believe that drug use is acceptable
and put them at high risk of engaging in drug abuse in the future
(Greif & Ephross, 2004). The economic factors could be coming
from a low-income background. Areas that are low income tend
to have the highest rate of drug trafficking. Therefore it is easy
to access to the drugs, and hence more people become drug
users. It can also happen because of coming from a high-income
background. There has been a significant increase in the number
of individuals who abuse drugs in the suburbs (Greif & Ephross,
2004). The majority of the cocaine users live in the suburbs as
opposed to the low-income areas. This coupled with a
6. permissive society that does not condemn drug abuse causes
people to be at risk of engaging in drug abuse.
A political imbalance can also cause people to engage in drug
abuse. This is because there is a high availability of drugs in
such an environment. The political instability causes insecurity
in the area, the borders become more permissive, and drug
trafficking becomes easier. There is a high availability of drugs
which if coupled with the other two factors cause the
individuals to have a higher risk of engaging in drug abuse.
The individuals falling in the group of alcohol and drug abusers
face numerous risks and issues. This means that they require
immediate help and this is why a program needs to be created to
help give them the help they need. They undergo a lack of
support from the society. The society tends to turn away and
shun such individuals; therefore, this may end up causing them
to turn to drug abuse to get over the rejection. They also face
significant health risks. These drugs have negative effects on
their health which should be addressed immediately.
I believe that a community program can be used to help these
individuals overcome their predicament and live healthy lives.
One of the ways of doing so is creating a program that is
dedicated to satisfying the needs of these individuals. This
program would look into the background factors that can
increase the susceptibility of the individuals to engage in
alcohol and drug abuse. This can be done by running an analysis
of each person’s background to see their susceptibility rate.
This can then be used to decide the type of treatment to be used
on the individual. The program will offer preventative care and
treatment for the clients. The preventative care will be given to
those who are highly susceptible of engaging in drug use and
treatment will be issued to the members of the society who have
engaged in drug use.
7. The preventative care will be given to the younger generation
within the society that harbors this group. This can be to the
children and other younger relatives of the individuals who
engage in drug abuse as they would be highly susceptible to
engaging in drug use in the future. They can be taken through
courses on drug abuse and its effects where their mentality on
drug use can be changed to one that does not support drug use.
This will enable them to be wearier of drug abuse. There could
also be mentorship and training programs where the children are
taught various skills after school. This would allow the children
to have a healthy after school activity that has the potential of
earning them money in the future. It will also keep them busy to
ensure they don’t wind up with the wrong company that will
influence them to engage in drug abuse (Jackson, 2006). This
will ensure that they are protected from drug abuse.
Those already engaging in drug abuse can be taken through a
short cause where the effects of drug use are explained to them.
This may encourage them to stop the practice of drug abuse and
engage in healthier habits. They can then be interviewed to see
the reason why they would decide to engage in drug abuse.
Solving this issue will enable them to stop their dependence on
drug abuse. They can then solve these mental issues with a
psychologist so that they can address the main cause of the
behavior (Jackson, 2006). Once this is addressed, they can then
go into a variety of treatments such as rehabilitation centers
outsourced by the program or self-help groups where they can
receive support to ends the behavior. This will ultimately help
them stop engaging in drug abuse.
References
Fisher, G. & Roget, N. (2009). Encyclopedia of substance abuse
prevention, treatment, & recovery. Los Angeles: SAGE.
Greif, G. & Ephross, P. (2004). Group work with populations at
risk. New York: Oxford University Press.
8. Jackson, Y. (2006). Encyclopedia of multicultural psychology.
Thousand Oaks, Calif: SAGE Publications.