Question: Optimize raw materials delivery lead time: Reference: Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015. Purchasing and supply chain management. Cengage Learning. In-text
- Optimize raw materials delivery lead time: Reference: Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015. Purchasing and supply chain management. Cengage Learning.
In-text citation: According to Monczka et al. (2015), optimizing raw materials delivery lead time is essential for improving performance in the medium term.
- Enhance supply chain efficiency: Reference: Christopher, M., 2016. Logistics & supply chain management. Pearson UK.
In-text citation: Christopher (2016) emphasizes the importance of enhancing supply chain efficiency for achieving medium-term performance improvement.
- Improve production planning: Reference: Vollmann, T.E., Berry, W.L., Whybark, D.C. and Jacobs, F.R., 2017. Manufacturing planning and control for supply chain management. McGraw-Hill Education.
In-text citation: Vollmann et al. (2017) suggest that improving production planning is crucial for increasing accuracy and responsiveness to demand fluctuations in the medium term.
- Enhance plant efficiency: Reference: Nahmias, S., 2015. Production and operations analysis. Waveland Press.
In-text citation: Enhancing plant efficiency through continuous improvement initiatives and investment in modern equipment is recommended for maximizing output and reducing waste (Nahmias, 2015).
Long Term:
- Develop strategic partnerships: Reference: Spekman, R.E., Kamauff Jr, J.W. and Myhr, N., 2019. Strategic supply chain management: The five disciplines for top performance. Routledge.
In-text citation: Spekman et al. (2019) highlight the importance of developing strategic partnerships to strengthen the supply chain and gain market insights in the long term.
- Invest in technology and automation: Reference: Simchi-Levi, D., Kaminsky, P. and Simchi-Levi, E., 2020. Designing and managing the supply chain: Concepts, strategies, and case studies. McGraw-Hill Education.
In-text citation: According to Simchi-Levi et al. (2020), investing in technology and automation is crucial for optimizing operations and enhancing long-term productivity.
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