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Essay / Research Paper Abstract
A 3 page paper that provides a summary and review of the entitled journal article by David Bovet. In this article, the author discusses a two-step process to better manage the supply chain while considering risk. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: MM12_PGsplrrv.rtf
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Unformatted sample text from the term paper:
the continuing effort to reduce costs, many organizations have created extremely long and complex supply chains. Organizations need to gain better control over their supply chains, shortening them, if possible.
The author offers a two-step process that any company with a complex supply chain can use. These steps are lessons one learns from this article. The first step is
to critically examine the organizations existing supply-to-market strategy. The second step is to determine what strategies and tactics will provide the greatest support to the strategy. These two steps will
help the organization achieve a better balance in terms of risk levels. The lesson from this section is that organizations should not just jump in and begin reorganizing their supply
chain, which many companies do, but to first take the time to really identify and evaluate what is happening right now. Additionally, the author advises the reader there are two
ways they can reduce risk, first, they can shorten the supply chain, which would basically streamline it, or second, they can optimize supply chain sources and locations, which would have
the effect of diversifying the sources. The first option would limit the organizations options in terms of finding the right price for the right item. The second option offers
organizations different opportunities. The organization examines its portfolio of sources, distribution points, and locations of assembly plants in an effort to optimize the value of each of these to meet
the companys goals. This option could mean that the company would need to change their supply chain practices. The author explains the second step in the process is to develop
tactics that will complement the strategy, thus, reducing risk. Bovet offers a number of different tactics that organizations can use. One is demand management which involves jointly planning with both
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