GLOBAL MACROTRENDS AND THEIR IMPACT ON SUPPLY CHAIN MANAGEMENT Your firm manufactures small personal electronic devices,...

GLOBAL MACROTRENDS AND THEIR IMPACT ON SUPPLY CHAIN MANAGEMENT

Your firm manufactures small personal electronic devices, like phones, GPS systems, and tablet PCs. Some of the metals your company uses are becoming increasingly scarce, and it’s your job to make a plan to keep the firm in business even with these scarcity issues. What factors should you take into account when preparing your recommendation? What can your firm do to remain competitive in the face of diminishing resources?

(2-3 paragraphs please) (5-6 sentences each)

Expert Solution

The factors that should be while making the recommendations are:

Are there different places from where these scare resources can be sourced?
Understand whether there are alternatives for the resources that are becoming scarce?
Are competitors, direct or indirect, using the scare resources or some alternatives for the same?
What will be the cost differences while using these products and alternatives in terms of an increase in production price, importing of the alternatives, etc?
Is the organization developed enough to find alternatives and work using those alternatives i.e. can company change its operations in a quick period?

The firm, to remain competitive, has to find an alternative quickly for the depleting resources. Not only this, the company has to ensure that the alternative does not hamper the working of these electrnoics they make and decrease the quality. Also, it has to ensure that the alternatives does not increase the cost of production for the company because it will be difficult for the company to fight in the competitive market then. along with it, it has to ensure that the alternatives can be used bythe company for some long period and the company is ready to adopt a new technology and change operations to adapt with new production process.

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keosha answered 19 hours ago

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