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TRL3709 ASSIGNMENT 5 SEMESTER 1 2024
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TRL3709ASSIGNMENT 5
SEMESTER 1
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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