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Essay / Research Paper Abstract
This 17 page paper looks at five potential areas of risk within a supply chain, considers the risk and then examines two different Australian companies to identify how that risk may emerge within those organizations. The two companies examined on Woolworths and Australian Online Bookshop. Following consideration and assessment of the exposure to procurement, disruptions, systems, delays and forecasting, mitigation strategies are considered. The bibliography cites 11 sources.
Page Count:
17 pages (~225 words per page)
File: TS14_TESCstress.rtf
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Unformatted sample text from the term paper:
is an essential element of any business. Unless a firm has the required inputs it cannot realise the sales resulting from the output. Therefore supply chain management is not only
an operational necessity to ensure ongoing outputs, it is also a area which requires risk management, with the potential for numerous influences to result not only in delays and disruption,
but possibly millions of dollars of lost sales (Chopra and Sodhi, 2004). The issues that firm face are divergent, some may be specific to industries, some to specific geographical areas
while other may be more generalised. Looking at two retail firms; Woolworths, which uses traditional bricks and mortar as its dominant medium for sales and Australian Online Bookshop is an
online bookstore which uses the internet to make sales, these may provide an interesting comparison to examine supply chain risk and potential mitigations for the retail industry. 2. Supply Chain
Risks 2.1 Procurement The supply chain starts with procurement. Both AOB and Woolworths are in the retail industry, this means that their procurement is for finished goods, they are not
adding value in any manner other than the way in which they are sold, which itself does have potential to add value. The risks associated with procurement start with increases
to the price of the inputs that are purchased which have not been expected or anticipated (Chopra and Sodhi, 2004). There are many potential risks; costs may increase as a
result of exchange rate fluctuations. Exchange rate fluctuations can have the impact of significantly increasing or decreasing prices in an unexpected manner, especially where purchase contracts have been arranged in
advance, the student may like to give some examples of the type of contracts that Woolworths or AOB may organize in advance. The potential exchange rate risk is one which
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