Supply Chain and Operations Management Essay Example | Topics and Well Written Essays - 2000 words - 1

Supply train and Operations Management - Essay ExampleFew businesses soundless the entire mountain stove of activities but where inadequately managed which ultimately delivered products to the final customers. Although the activities were brought to fulfilment, often the fork out kitchen ranges were inefficaciously led. Supply chain management can thus be explained as the active management of activities cogitate to supply chain in order maximise the value of the customer, thereby achieving a sustainable agonistical advantage. Supply chain activities range from product development, production, sourcing to logistics (Ketchen and Giunpero, 2004). The organizations that form the supply chain are closely coupled together through information flows and physical flows. Physical flow is characterized by the movement, storage and transformation of materials and goods. tuition flows allow the various supply chain associates to coordinate their long term plans as well as control their daily flow of materials and goods up and down the supply chain. However, simple as it may seem, supply chain management is associated with a certain degree of complexity and with complexity comes the risk factor (Halley and Beaulieu, 2009). This head forms the basis for this research. The following sections will involve a thorough analysis of the main characteristics of material requirements supply (MRP) and Just-in-time (JIT). Advantages and disadvantages of JIT and MRP will be stated and a detailed comparison will be done. Thereafter, the risks associated with the supply chain management will be discussed in details, followed by the ways that can be implemented in order to mitigate much(prenominal) risks. Finally, an overall conclusion will be provided. Discussion Supply Chain Management in Toyota Supply chain management at Toyota Motor Corporation is a component of the companys trading operations strategy which is musical arrangementatically based on the Toyota Production S ystems (TPS). The supply chain management framework was developed in the 1940s by Taiichi Ohno and Shigeo Shingo. With the companys success befitting attaining a worldwide coverage, the Toyota Production System was followed by other companies with keen interest. The principle composition that was followed in the companys production system is expressed by the term lean manufacturing. The components of Toyotas provider partnering hierarchy are interlocking structures, mutual understanding and trust, control systems, information sharing, compatible capabilities, kaizen and learning and pin improvement activities. The Toyota production system thoroughly impotents implements the Just in Time Strategy (JIT) which is a system that arranges the resources, information flows and decision rules in such a way that it enables a firm to realise the benefits of implementing such a system. JIT is a business viewpoint for maintaining a competitive advantage which is based on the idea of incessant development and eradication of waste. This system helps to carry out work through various operations by signals (called Kanban). The components of just in time system are very proactive as cold as exposing problems within a companys supply chain management framework is concerned. The components playing period a crucial role in reducing the problems thereby formulating an even sound supply chain management strategy. The components are based on the principles of pull production which based in Kanban, total theatrical role management, reducing inventory by involving the suppliers in the planning process, elimination of waste, continuous