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312 class instruction Just as men are from Mars and women are
from Venus (or so the saying goes), corporate executives and
supply chain professionals are also from different planets. The
make-up of executive committees and boards of directors
includes people who are largely not from the supply chain
world. Talking about faster inventory turns probably invokes
some mental image of material spinning around in some god-
forsaken facility that few in this group have ever visited. To put
it bluntly, you entered the lair of a group whose obsession is
strategy, corporate-level indicators, and financial results. You,
on the other hand, brought to them a world that is more about
tactical operations, nonfinancial indicators, and activities
instead of accomplishments. Can anyone spell
disconnect
? Would it not have been better to speak their language? What
would be your suggestion to get both types of management on
the same page so to speak? How could you get them to
communicate and understand what is important to both of them?
Instructions:
Your initial post should be at least 250 words. Please post
more than 2
reply responses of 100 or more words to your classmates or the
instructor. Responses should be a minimum of 100 words and
include direct questions
. Please review the attached rubric for more details on the forum
requirements.
Respond to brian 100 words: class 312
Supply Chain Financial Management
This is a very great example of what I'm about to explain when
it comes to supply and finance being on the same page. I'm the
Fleet Maintenance Superintendent for a small city here in
central Florida. I have been there for a bout a year and a half
now. We have over 500 pieces of equipment and vehicle to
include the fire and police department. Each year we sit down
and discuss information on what equipment and vehicles that
needs to be exchanged because of miles or over usage date. I
found out that our city finance department was making the
decision of determining what vehicles needed to be replaced
along with how many. No one could explain to me why this
would make any sense. So to correct the issue the Fleet
Department is now in charge of all fleet related issues, and to
tie the finance department in is that the budget and cost will be
reported to them on which equipment that needs to be replaced.
I truly understand the role of the finance department because
when you talk about budget and money it all goes together. In
the corporate level that process could become a little more
difficult. There are so many parts and moving pieces that you
probably have to communicate on a daily basics when we are
discussing connecting supply and finance as far as inventory.
The military operates a little different from the civilian world
when discussing supply. A certain amount of funds are allocated
for that unit for the physical year so the flow of goods runs
smoothly.
Respond to Travis 100 words: class 312
Supply Chain Financial Management
Over the course of time, I would say that the supply chain
management was not something high on executive’s minds.
Today’s market and the competitiveness within, I feel has
changed that outlook. When dealing with suppliers, companies
are trying to find any advantage to leverage cost savings. Those
companies who have decided to include the supply chain in their
executive world have opened their access to information and
visibility on overall performance.
Even in the military we have built teams such as “Tiger Teams”,
to tackle problems in efficiency and cost saving measures. At
the end of the day, we work for the tax payer and should be
saving every penny possible in our processes. One thing that
the military does well, is to plan effectively, and this week’s
reading discussed this topic a bit. To plan effectively, teams
should conduct business as follows:
· Align teams with challenging goals for each
· Determine who is best suited to lead each team
· Ensure proper training is conducted
· List needed resources
· Build team hierarchy
· Set goals/milestones for each team
· Method of rewards for involvement
· Develop certain guidelines to add value to the team
One example that I use with my teams are to develop “SMART”
goals, and get buy in from everyone.
· Specific
· Measurable
· Achievable
· Relevant
· Time-based
Although this is not something that will solve all the tasks or
problems, it helps our team to discuss concerns and possible
outcomes of projects. Getting each side to understand that
everyone’s piece of the puzzle adds to the big picture within the
logistics community, enables more cross-talk and better
outcomes.
Reference:
Trent, R.J. (2016). Supply chain financial management: Best
practices, tools, and applications for improved performance.
J.Ross Publishing
Define Supply Chain Management
313 instructions:In no less than one paragraph discuss your
definition of Supply Chain Management and its role in a
company's ability to compete effectively in the market.
Instructions:
Your initial post should be at least 250 words. Please post
more than 2
reply responses of 100 or more words to your classmates or the
instructor. Responses should be a minimum of 100 words and
include direct questions
. Please review the attached rubric for more details on the forum
requirements.
Respond 100 words to AMBROSE:
According to Wikipedia, Supply chain management is the
management of the flow of goods and services, involving
movement and storage of raw materials, of work-in process
inventory, and of finished goods from point of origin to point of
consumption. It also design, plan, execute, control and monitor
activities of supply chain with the aim of creating value,
building infrastructure, leveraging worldwide logistics,
transferring supply with demand and measuring performance
worldwide.
Speed is important because customers value fast service.
Increasing speed, however, can cause costs to skyrocket, so
maximizing efficiency is equally important. The most effective
supply chains deliver products as fast and as cheaply as possible
without sacrificing quality. Top companies accomplish this by
using complicated logistics tools, such as computer algorithms
that choose optimal routes for product shipping and large
company databases that allow distant employees to pool order
information and coordinate their efforts in real time.Supply-
chain management provides a way to develop a competitive
advantage without having to lower your prices. For instance, by
developing a more efficient supply chain, you can deliver orders
faster to customers. All else being equal, customers will choose
the company that meets their needs fastest, giving you a
competitive advantage in your industry.
Competition is a big deal amongst organizations in supply chain
management.
Supply chain has existed for years, but companies feels that it is
only a value-add to their operations. Supply chain management
is important mostly to companies who thinks they must rely on
the effective supply chain or network, to compete in the market.
Companies like Dell and Hewlett-Packard have successfully
operated jointly with supply networks whereby specialized
business partners focuses on only few key strategic activities
(Scott,1993).
Respond 100 words to Mark:
Supply chain management simply put is the process of
procuring materials to manufacture goods to then deliver to the
end-user being the consumer. I found it interesting this process
did not become defined until the 1950’s or 1960’s as technology
evolved. It has developed along two paths since then as we
learned this week from our reading. The first path is the focus
on procuring supplies from industrial suppliers. The second
path is the focus on customer service and the logistics aspect as
related to wholesalers and retailers.
Supply Chain management can also be broken up into four parts
or main components. These parts are Supply, operations,
logistics, and integration. Supply involves many aspects.
Purchasing materials that are from a quality source and are
themselves quality is important. Supply also involves proper
timing so as to not create a shortage or overstock within the
pipeline. When procuring supplies pricing is also a major factor
along with safety. Finally, as environmental issues have
become more prevalent in the minds of consumers and business
managers how supply impacts to our planet also has become a
consideration. The second component being operations focuses
on the steps after supply procurement. Operational entities take
the supplies and create the right amount of products for the
right price that meet the quality standards sought. Once
produced the logistics component takes over bringing the
products the rest of the way to where the end-user will purchase
them. Obviously, costs must be controlled so the products are
not priced above what a consumer is willing to pay. Finally, in
order to make this all work all levels of the supply chain must
integrate to work cohesively. By doing so the correct amount of
product will be available at the correct price and at the correct
time in order to increase profits for the company.
References:
Wisner, J. D., Tan, K., Leong, G. K. (2014).
Principles of Supply Chain Management: A Balanced
Approach,
(4th ed). Boston, MA: Cengage Learning.

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312 class instruction Just as men are from Mars and women are from V

  • 1. 312 class instruction Just as men are from Mars and women are from Venus (or so the saying goes), corporate executives and supply chain professionals are also from different planets. The make-up of executive committees and boards of directors includes people who are largely not from the supply chain world. Talking about faster inventory turns probably invokes some mental image of material spinning around in some god- forsaken facility that few in this group have ever visited. To put it bluntly, you entered the lair of a group whose obsession is strategy, corporate-level indicators, and financial results. You, on the other hand, brought to them a world that is more about tactical operations, nonfinancial indicators, and activities instead of accomplishments. Can anyone spell disconnect ? Would it not have been better to speak their language? What would be your suggestion to get both types of management on the same page so to speak? How could you get them to communicate and understand what is important to both of them? Instructions: Your initial post should be at least 250 words. Please post more than 2 reply responses of 100 or more words to your classmates or the instructor. Responses should be a minimum of 100 words and include direct questions . Please review the attached rubric for more details on the forum requirements. Respond to brian 100 words: class 312 Supply Chain Financial Management This is a very great example of what I'm about to explain when it comes to supply and finance being on the same page. I'm the Fleet Maintenance Superintendent for a small city here in
  • 2. central Florida. I have been there for a bout a year and a half now. We have over 500 pieces of equipment and vehicle to include the fire and police department. Each year we sit down and discuss information on what equipment and vehicles that needs to be exchanged because of miles or over usage date. I found out that our city finance department was making the decision of determining what vehicles needed to be replaced along with how many. No one could explain to me why this would make any sense. So to correct the issue the Fleet Department is now in charge of all fleet related issues, and to tie the finance department in is that the budget and cost will be reported to them on which equipment that needs to be replaced. I truly understand the role of the finance department because when you talk about budget and money it all goes together. In the corporate level that process could become a little more difficult. There are so many parts and moving pieces that you probably have to communicate on a daily basics when we are discussing connecting supply and finance as far as inventory. The military operates a little different from the civilian world when discussing supply. A certain amount of funds are allocated for that unit for the physical year so the flow of goods runs smoothly. Respond to Travis 100 words: class 312 Supply Chain Financial Management Over the course of time, I would say that the supply chain management was not something high on executive’s minds. Today’s market and the competitiveness within, I feel has changed that outlook. When dealing with suppliers, companies are trying to find any advantage to leverage cost savings. Those companies who have decided to include the supply chain in their executive world have opened their access to information and visibility on overall performance.
  • 3. Even in the military we have built teams such as “Tiger Teams”, to tackle problems in efficiency and cost saving measures. At the end of the day, we work for the tax payer and should be saving every penny possible in our processes. One thing that the military does well, is to plan effectively, and this week’s reading discussed this topic a bit. To plan effectively, teams should conduct business as follows: · Align teams with challenging goals for each · Determine who is best suited to lead each team · Ensure proper training is conducted · List needed resources · Build team hierarchy · Set goals/milestones for each team · Method of rewards for involvement · Develop certain guidelines to add value to the team One example that I use with my teams are to develop “SMART” goals, and get buy in from everyone. · Specific · Measurable · Achievable · Relevant · Time-based
  • 4. Although this is not something that will solve all the tasks or problems, it helps our team to discuss concerns and possible outcomes of projects. Getting each side to understand that everyone’s piece of the puzzle adds to the big picture within the logistics community, enables more cross-talk and better outcomes. Reference: Trent, R.J. (2016). Supply chain financial management: Best practices, tools, and applications for improved performance. J.Ross Publishing Define Supply Chain Management 313 instructions:In no less than one paragraph discuss your definition of Supply Chain Management and its role in a company's ability to compete effectively in the market. Instructions: Your initial post should be at least 250 words. Please post more than 2 reply responses of 100 or more words to your classmates or the instructor. Responses should be a minimum of 100 words and include direct questions . Please review the attached rubric for more details on the forum requirements. Respond 100 words to AMBROSE: According to Wikipedia, Supply chain management is the management of the flow of goods and services, involving movement and storage of raw materials, of work-in process inventory, and of finished goods from point of origin to point of consumption. It also design, plan, execute, control and monitor activities of supply chain with the aim of creating value,
  • 5. building infrastructure, leveraging worldwide logistics, transferring supply with demand and measuring performance worldwide. Speed is important because customers value fast service. Increasing speed, however, can cause costs to skyrocket, so maximizing efficiency is equally important. The most effective supply chains deliver products as fast and as cheaply as possible without sacrificing quality. Top companies accomplish this by using complicated logistics tools, such as computer algorithms that choose optimal routes for product shipping and large company databases that allow distant employees to pool order information and coordinate their efforts in real time.Supply- chain management provides a way to develop a competitive advantage without having to lower your prices. For instance, by developing a more efficient supply chain, you can deliver orders faster to customers. All else being equal, customers will choose the company that meets their needs fastest, giving you a competitive advantage in your industry. Competition is a big deal amongst organizations in supply chain management. Supply chain has existed for years, but companies feels that it is only a value-add to their operations. Supply chain management is important mostly to companies who thinks they must rely on the effective supply chain or network, to compete in the market. Companies like Dell and Hewlett-Packard have successfully operated jointly with supply networks whereby specialized business partners focuses on only few key strategic activities (Scott,1993). Respond 100 words to Mark: Supply chain management simply put is the process of procuring materials to manufacture goods to then deliver to the
  • 6. end-user being the consumer. I found it interesting this process did not become defined until the 1950’s or 1960’s as technology evolved. It has developed along two paths since then as we learned this week from our reading. The first path is the focus on procuring supplies from industrial suppliers. The second path is the focus on customer service and the logistics aspect as related to wholesalers and retailers. Supply Chain management can also be broken up into four parts or main components. These parts are Supply, operations, logistics, and integration. Supply involves many aspects. Purchasing materials that are from a quality source and are themselves quality is important. Supply also involves proper timing so as to not create a shortage or overstock within the pipeline. When procuring supplies pricing is also a major factor along with safety. Finally, as environmental issues have become more prevalent in the minds of consumers and business managers how supply impacts to our planet also has become a consideration. The second component being operations focuses on the steps after supply procurement. Operational entities take the supplies and create the right amount of products for the right price that meet the quality standards sought. Once produced the logistics component takes over bringing the products the rest of the way to where the end-user will purchase them. Obviously, costs must be controlled so the products are not priced above what a consumer is willing to pay. Finally, in order to make this all work all levels of the supply chain must integrate to work cohesively. By doing so the correct amount of product will be available at the correct price and at the correct time in order to increase profits for the company. References: Wisner, J. D., Tan, K., Leong, G. K. (2014). Principles of Supply Chain Management: A Balanced
  • 7. Approach, (4th ed). Boston, MA: Cengage Learning.