In: Operations Management
Write a research on the following topic
Topic (select one): ETHICS IN ORGANIZATION OR COMMUNICATION PROBLEM OR SUPPLY CHAIN
REQUIRED: Structure of research
1. Introduction
2. Why choose this topic
3. Research objective
4. Literature review
5. Conclusion
Answer : Topic selected – Supply Chain
Introduction: Supply chain operations are basically transportation of ram materials from the vendors/ suppliers to the organization and shipment/ dispatch of finish goods from the organization to customer warehouse locations. This requires high skill set on transportation & logistics processes for management of shipments of materials from one location to another location. The supply chain should be explored in such a way that the organization gets the expert services from the supply chain players at the lowest possible cost and lowest possible lead time.
Why Choose the topic: We choose supply chain topic, because in current business scenario, the most challenging and diverse work is supply chain. It involves lot of functional knowledge and expertise for the smooth execution. The organization in order to achieve the desire profit, they need to set the supply chain process in such a way that they gets the profit instead of loss. The business is nothing but the transaction of raw material and goods with suppliers and customers respectively. If this high important process is set, then business gets lot of advantages in getting the desired profit for the organization.
Research Objective: The research objectives for the supply chain are very clear and the overall objective is to gain the desired profit for the business with timely shipment of materials. Following could be the supply chain objectives as below
Literature Review: Supply chain being the complex business process and calls for lot of expertise in the transportation, logistics and warehousing, so that the business can achieve its desired goal. Supply chain needs to be given high focus in the organization so that the business gets the desired profit and avoid any potential loss due to supply chain. Recently large numbers of supply chain players are emerging in the market with latest technologies and better infrastructures, as a organization we need to explore so that we are on the right track and develops the processes and systems which can develop the organization for future readiness.
Conclusion: Supply chain is the key process in the business and the whole business depends upon the supply chain process. The customer satisfaction and plant material receiving is entirely depends upon the supply chain process. The effective supply chain process helps in reducing the plant level inventories as well. Thus as a organization we need to keep improving the supply chain process so that the business gets the desired benefits. Supply chain being the complex process, outsourcing is the best approach so that we can get the expert services of existing players in the market.