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TRL3709 S1 ASSIGNMENT 5 2024
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LOLA JACOBS ASSIGNMENTS © 2024TRL3709
ASSIGNMENT NO: 05
YEAR: 2024
PREVIEW:
Strategic and creative solutions are required for supply chain management in today's fast-
paced, globally-connected world. With the COVID-19 epidemic and geopolitical pressures like
the war in Ukraine in mind, this assignment delves into important aspects impacting the
architecture of supply chain networks. Additionally, it explores the importance of sustainability,
suitable forecasting methods in unpredictable times, and the overall cost dimensions of
offshore. In addition, XYZ Manufacturers' CEO receives a detailed report that provides ideas
for managing and reducing risks in their worldwide supply chain operations.
, LOLA JACOBS ASSIGNMENTS © 2024
Introduction
Strategic and creative solutions are required for supply chain management in today's
fast-paced, globally-connected world. With the COVID-19 epidemic and geopolitical
pressures like the war in Ukraine in mind, this assignment delves into important
aspects impacting the architecture of supply chain networks. Additionally, it explores
the importance of sustainability, suitable forecasting methods in unpredictable times,
and the overall cost dimensions of offshore. In addition, XYZ Manufacturers' CEO
receives a detailed report that provides ideas for managing and reducing risks in their
worldwide supply chain operations.
Question 1
1.1 Factors Influencing Supply Chain Network Design Decisions
It is necessary to make strategic decisions while designing a supply chain network
since these decisions have a substantial impact on the effectiveness, cost, and agility
of a company's everyday operations. These choices are influenced by a number of
different elements, and it is essential to have a solid grasp of these aspects in order
to design a supply chain that is both resilient and responsive. The following are some
of the most important elements that may be identified and discussed based on the
case study:
a) Technological Advancements
In order to maximise the efficiency of supply chain networks, technological
improvements are of critical importance. According to Abbasi and Choukolaei (2023),
technologies such as the cloud, blockchain, artificial intelligence, and automation all
contribute to the improvement of predictive analytics, visibility, and efficiency. The
analysis shows that the year 2022 has emerged as the year of technology and
automation in the field of logistics. There is no indication that this trend will decline in
the future, particularly in 2023, when many organisations will continue to invest in
improving supply chain efficiency by utilising various technologies. Other new
technologies, such as the use of artificial intelligence in forecasting and the use of
blockchain in trade financing and contract management, also show how technology is
changing the future of supply chain networks and making them more effective in
responding to market dynamics.
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