NMIMS MBA Operations and Supply Chain Strategies Solved Answer Assignment
16
Oct
2024
Operations and Supply Chain Strategies
Question 1: List down the competencies needed for an efficient global Operations and Supply Chain. Which competency would you highly prioritize if you are a producer of a semiconductor, which has a global demand in today’s scenario? Justify.
Introduction
In today’s highly competitive economic environment, organizations need to demonstrate that they have the capabilities necessary to effectively manage their operations and supply chains in locations all over the world to have any chance of achieving success. This talent category includes the capacity to work across functional lines, manage risks, evaluate data, and strategically plan.
Concept and Application
The semiconductor industry relies highly on intricate and specialized supply chains, which are susceptible to various risks. These risks include the unpredictability of geopolitical conditions, natural disasters, and the insolvency of suppliers. Any disruption in the supply chain runs the danger of producing significant delays, production losses, and harm to the company’s reputation. All of these factors will, in the end, result in lower sales and market share.
Conclusion
In conclusion, if a semiconductor manufacturer wants to serve demand worldwide, it must establish essential competencies such as prioritizing risk management, quality control, and cross-functional collaboration. These are only some of the critical competencies that would be required. These are only some examples among many others
Question 2: Online fashion retailer Zalando to lay off hundreds of employees. Google fires 450 staff, Twitter shuts 2 offices; Meta confirms 11000 layoffs etc. If you are one of the founders of service industry which steps you will take with respected to industry life cycle.
Introduction
In light of the recent layoffs in the technology industry, if I were to start a firm in the service industry, the steps mentioned below are the ones I would take regarding the company’s life cycle:
Concept and Application
Diversify your income sources: Relying on a single revenue stream may be troublesome, especially during economic downturns or market disruptions. Diversifying your income sources might help you avoid these problems. You can lessen the impact of these dangers on your business by diversifying your revenue sources. Consequently, I would study the possibilities of generating additional sources of income by expanding the range of products offered by the company or entering new markets. To bring in additional revenue, the service industry might look into the potential of developing partnerships with other types of businesses or providing services complementary to those offered by other sectors.
Conclusion
In conclusion, founders in the service industry can create a resilient business that can withstand disruptions in the market and generate long-term success by developing a solid online presence, building strong partnerships and networks, remaining informed about changes in regulatory requirements, and creating a solid brand identity for their company.
Question 3. a: You are appointed as business consultant in the organization. Suggest some different level of strategies that ultimately helps them
Introduction
As a consultant for the business operations of Home Centre, I would like to make the following suggestions as possible solutions for the company to investigate to address the challenges connected with shipping heavy furniture and managing an extensive inventory:
Concept and Application
One solution to the problem of maintaining a large inventory is implementing a lean inventory management system. Implementing a system for managing inventory to minimize waste can be one approach to addressing the issue of maintaining a large stockpile. By increasing the available stock and streamlining operational operations, this method strives to achieve the most significant feasible reduction in waste. If the company employs data-driven processes and technologies, it can reduce its inventory costs while maintaining high product availability.
Conclusion
To summarize, Home Centre can address the challenges of shipping heavy furniture and maintaining a large inventory while still pursuing aggressive growth in new markets by adopting a lean inventory management system, implementing just-in-time (JIT) inventory management, utilizing technology to improve shipping and logistics, exploring options for outsourcing, and leveraging e-commerce platforms.
Question 3. b: Explain different expansion strategies with respect to “Home Centre”
Introduction
Home Centre, which is a retail and hotel conglomerate that is undergoing rapid expansion, may seek to adopt one or more of the following expansion approaches to accomplish its development objectives:
Concept and Application
Expansion Into Other Regions Of The World By extending its business into new geographic areas, Home Centre can increase the number of customers it serves and its proportion of the total market. This could be achieved by establishing new sites in parts of the country where the brand currently needs a presence. For instance, the firm might conclude that expanding its activities to the Far East or South America would be beneficial, as the scenario suggested.
Conclusion
In conclusion, Home Centre can formulate an all-encompassing expansion strategy by considering regional expansion, product line extension, channel expansion, franchising, acquisition, and joint ventures, among other potential avenues of growth. The company will be able to accomplish its expansion goals and position itself as a top retail and hospitality player worldwide.
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