In: Operations Management
Your term paper should be typed in 12 font (Time New Roman),
double-spaced format (one-inch margins all around). You may use
outside sources (references) to back up your points. You may use
not more than 5 pages for your paper (including graphs, tables,
references, etc.). I want concise, detailed work. Edit your paper
to achieve economy of words, but depth of analysis. Note that any
form of plagiarism will result in a grade of zero on the assignment
and reporting the incident as an academic misconduct. Be sure to
have your paper uploaded into the assignment tab in Canvas by due
date.
Good luck!
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Disruptions in supply chains occur routinely. The unprecedented
ramifications of the COVID 19 pandemic typify a natural disaster
from a supply chain risk standpoint as covered in Chapter 2
(Strategy). It is evident that organizations whose supply processes
are affected by natural disruptions may experience several
impediments.
Write an essay evaluating inventory strategies to manage supply disruptions during a period of natural disaster in any particular supply chain of your choice. What I am looking for is your ability to review the subject and make analyses based on what you have learned in this course.
Must have the following:
-Use proper referencing and formatting – APA or other
-Provide an:
Introduction
Detailed description of the supply chain of choice
Summary evaluation of inventory strategies including analysis and
support
Implications & Lesson learned
Conclusion
References
Appendices (if needed)
Introduction :
In this present scenerio, covid 19 is spreading all over the world. Distruptions in supply chains occur routinely. The evidence of relief supply chain effectiveness is examined and diagnosed in specific instances when the supply chain has failed to perform. Key stages are identified within the relief supply chain, and these stages are connected through communication and collaboration. By identifying and quantifying different risks under different stages in the supply chain using fault tree analysis and then imputing them into the model, the results are helpful in the decision making process. The failure mode effects and critical analysis method was used to assess the reliability of a relief supply chain system and its critical components. The research suggests the support for a network authority for utilizing diverse expertise for organizing the efficient relief supply chain. This structure makes use of the community relationships and trust that NGOs have built in areas throughout the world to aid in crises. The development of a robust communications plan and system will help coordination of all groups, prior to, during, and after a disaster, and will provide a more effective response.
Description of the supply chain choice
The best response, of course, is to be ready before such a crisis hits, since options become more limited when a disruption is in full swing. However, there are measures that can be taken now even if you’re not fully prepared. And although its long-term consequences have yet to fully play out, the coronavirus outbreak already provides some lessons about how you can better prepare your company to deal with future large-scale crises.
1. Protection of employees
2. Set up a cross functional covid 19 team and maintain healthy skepticism.
3. Stability of supply chain
4. Create contingency plans
5. Mitigate supply shock
6.manage demand volatility
7. Make work safe
Evaluation of inventory strategies including analysis and support indications & lesson implications
Formulate your business strategy quickly. Thats the best thing we can do. The first step is to re-project your order demand for the crisis period. From this, you can project inventory needs and labor hours required for fulfillment. The length of time that health authorities are saying this could be at its highest threat is anywhere from one month to four months. One projection is 18 months with a cycle of reinfection. China has been experiencing this since November 2019. It may be best to use a six-week to eight-week projection period. There are other important aspects in addition to inventory, such as local and state health authorities’ directives about “social distancing,” “self-quarantine” and employees availability. All the traditional methods are failing because of the lock down situations. Foods items like vegetables etc are decaying. There is no method for kept them. Online marketing and storage and space are also in every bad situation
Evaluate each phase and do accordingly. Refer the description of choice for the evaluation.
Conclusion :.
Do something fast or it would be a danger for the entire world. Because it spread fastly. Do every steps with utmost care.