Question

1.   Choose a firm that you want to know more about or that you would like to work for in the future. Research the firm and it's supply chain. Consider this from the raw materials to the end user and explain and define the firms supply chain.

2. How could the firm improve it's supply chain? Consider the Pareto Optimum.

3. Would a vertical merger be an option for the supply chain? What type of efficiencies may be gained? What may be lost?

Please use a car company

Answer 1

1. In future if i want to work in any vehicle manufacturing firm things i would like to know is first and foremost important thing is the annual growth of the firm its annual turnover and basics details about firm, salary, incentives if any and working environment. A firm supply chain is the system involved between the producer and supplier.
2. Maintaining the trust to the customers in producing the products without delay, delivering within the time framework, transparency in supply chain etc. In Pareto Optimum case no one is good hence making someone worse off so that one will be better i.e. if everything is good and same then give some thing which is more good and making other thing worse off.
3. Vertical merger is merging of two or more firms producing same or different kind of products. Vertical merger will be be a better option for a firm to make more profits because if we have to produce a finished good and if we merge with one of the raw material producing firm it gets at lesser price than before hence low prices for consumer and more profit to the firm.