Question: I am looking for some help on this work, which is beating me down; the final undertaking for creating a supply chain evaluation. Supply chain
I am looking for some help on this work, which is beating me down; the final undertaking for creating a supply chain evaluation. Supply chain management (SCM) is a holistic view of a company's efforts to source, procure, receive, store, and deliver products. These products can be raw materials for a manufacturing process, consumer goods for a retail chain, or a collection of items that will be joined in some way before ultimate delivery to the customer. In today's global economic environment, SCM takes on an increasing level of complexity as companies attempt to reduce costs, drive efficiency, and remain compliant with the corporate social responsibilities that consumers demand. For this project, you will act as the lead consultant to Walmart as it attempts to improve its overall supply chain. The ultimate recommendation you make will be based on your analysis of the current SCM and your insight on improving demand forecasting, sourcing, transportation, and warehousing options to optimize the overall operation. This project will showcase your ability to balance the competing requirements of reducing cost and increasing efficiency while remaining at the forefront of sustainable processes for the industry. Your analysis and recommendations will be formatted into a supply chain evaluation for Walmart's executive team to optimize their supply chain management in this demanding environment.
You will verify your understanding of the following course outcomes:
- Analyze operational and logistical issues related to supply chain management using appropriate quantitative and qualitative methodologies
- Determine pertinent issues and potential constraints for problem-solving regarding supply chain management
- Develop distribution solutions based on supply chain management principles that address network inefficiencies
- Recommend appropriate cost-saving strategies and risk mitigation plans for supply chain implementation.
Using the required Walmart China case study, fashion a supply chain evaluation in which you assess Walmart in terms of its demand forecasting, sourcing, transportation, and warehousing processes to develop SCM recommendations that will reduce costs and risks to the business operation. It is strongly recommended that you thoroughly review the prompt below before reading the case study, and you should continue to refer to it as you read. You should format your analysis and recommendations as if you were a consultant hired by Walmart.
Specifically, the following critical elements must be addressed:
I: Executive Summary: In this section, explain the purpose of your brief and highlight critical information and findings that will aid the understanding of the more in-depth analysis and recommendations to follow.
II. Demand Forecasting: In this section, first assess the supply and demand side of Walmart's product flow, including the customer's needs and the supplier's capabilities, to identify potential alignments that will keep cost and waste at a minimum.
A. Evaluation
1. Analyze Walmart's suppliers in terms of their abilities to meet customers' demand during steady-state and peak operations. How effective are each supplier's inventory reorder points and economic order quantities? Support your analysis with quantitative examples.
2. Additionally, describe demand-forecasting constraints that exist within the supply chain. For example, consider the distance of the stores and the compatibility of the products in terms of shipping, storage, and so on.
B. Recommendations: Based on your evaluation, recommend strategies for better aligning the supply and demand side of Walmart's product flow that will keep cost and waste at a minimum.
III. Sourcing: In this section, evaluate Walmart's network sourcing strategy to identify possible areas needing improvement that will leave room for future expansion.
A. Evaluation: Assess the current network sourcing strategy and determine whether or not the number and quality of suppliers are the optimal mixes for the operation. To what extent do the existing suppliers meet steady-state and peak demand? Are they consistently providing products that meet or exceed Walmart's quality standards? Defend your assessment with examples.
B. Recommendations
1. Recommend a strategy to optimize the sourcing network that considers current operations and leaves room for future expansion. Be sure to consider any alternative sources of materials available to the organization in your response.
2. Recommend a standard procedure for vetting suppliers to ensure that they comply with Walmart's corporate social responsibility guidelines.
3. Make sure you have recommended the best sourcing practices for Walmart using appropriate quantitative methods.
Transportation: In this section, first consider the effectiveness of Walmart's transportation network to determine possible cost savings, then
without sacrificing performance.
A. Evaluation
1. Identify constraints within the transportation network and discuss their impact on the supply chain operation. Be sure to provide specific examples to illustrate.
2. Analyze the transportation network and determine whether or not the correct modes of transportation are being used based on time, cost, and quantity.
B. Recommendations: Make recommendations on improving the transportation network given the constraints you identified, using specific examples to illustrate and justify your claims.
V. Warehousing: In this section, first analyze Walmart's warehousing network to determine requirements and then develop recommendations
to adequately meet current and future storage needs.
A. Evaluation
1. Analyze the current warehousing infrastructure to determine if the existing warehousing network adequately meets storage needs.
Additionally, consider the eventual expansion requirements of Walmart's operation. What are the constraints or restrictions involved in the
possible locations?
2. Identify considerations for special handling of hazardous materials and describe their impact on warehousing for the current mix of
products that Walmart's SCM is handling, using specific examples.
B. Recommendations
1. Determine warehousing requirements that will ensure adequate availability of resources for the organization. Support your proposed needs with given production and demand elements from the scenario.
2. Based on your requirements determination, recommend a warehouse design to minimize movements between functions and reduce costs. Explain how your recommendation will drive this improvement throughout the network, considering facility costs, inventory carrying fees, personnel costs, and equipment costs.
VI. Conclusions: In the final section, consider your recommendations to develop conclusions for Walmart.
A. Prioritize your demand forecasting, sourcing, transportation, and warehousing recommendations based on efficiency gain, cost, and sustainability.
B. Discuss the feasibility of your recommendations based on the supply chain constraints of Walmart in the case study. Justify your claims with specific evidence.
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