(Mt) – MGT 311 SEU Major Challenges in SCM Today Questions

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Please view explanation and answer below.Please view explanation and answer below.College of Administrative and Financial SciencesAssignment 2Introduction to Operations Management (MGT311)Deadline for students: (12th Nov@ 23:59) The Eleventh WeekCourse Name: Introduction tooperations ManagementStudent’s Name:Course Code:Student’s ID Number:Semester:MGT311FirstCRN:Academic Year: 1443/1444 H, First SemesterFor Instructor’s Use onlyInstructor’s Name:Students’ Grade:xx/15Level of Marks:Instructions – PLEASE READ THEM CAREFULLY❖This assignment is an individual assignment.❖ The Assignment must be submitted only in WORD format via allocated folder.❖ Assignments submitted through email will not be accepted.❖ Students are advised to make their work clear and well presented. This alsoincludes filling your information on the cover page.❖ Students must mention question number clearly in their answer.❖ Late submitted assignments will NOT be entertained.❖ Avoid plagiarism, the work should be in your own words, copying from studentsor other resources without proper referencing will result in ZERO marks. Noexceptions.❖ All answered must be typed using Times New Roman (size 12, double-spaced)font. No pictures containing text will be accepted and will be consideredplagiarism).❖ Place of Submission is Blackboard.❖ Weight 15 MarksSubmissions without this cover page will NOT be accepted.Learning Outcomes1.1 Describe the concept of operations functions, supply chain strategy, process selection,forecasting, capacity planning, production forecast methods and schedule operations.2.3 Implement technological tools in production models like forecasting, leanmanufacturing and world class manufacturing (WCM) to enhance the productivity andcommunication with other persons involving in operation and also to review theircontribution to the profit.CREATIVE THINKING ASSIGNMENT ON SUPPLY CHAIN MANAGEMENTSupply Chain Management (SCM) refers to the technique of handling a string of operationsinvolved in the transportation of raw materials from the source to an enterprise to develop adesired product or service, which will eventually be delivered to its intended customer.A properly functioning supply chain is crucial to the development and growth of any country.It gives countries a competitive edge over others in the marketplace. Supply chainmanagement is aimed at cutting down costs, maximizing efficiency, and increasingproductivity.To strike a fruitful balance between supply and demand, supply chain management must joinhands with technology to improve supply chain processes and provide solutions to eliminateexisting supply chain constraints.To keep in view the above importance of Supply chain answer the following questions.Q1. What are the Major Challenges in Supply Chain Management today? How Can youOvercome them?5 Marks (500 wordsMinimum)Supply chain management (SCM) has been studied a lot in the last ten years, andpractitioners and academics have realised how important it is (Msimangira & Venkatraman,2014). However, despite big investments in supply chain management (SCM) and supplychain integration (SCI), recent surveys show that businesses are having trouble getting acompetitive edge because of SCI silos. This is because supply chain management is hard.The first challenging aspect of managing the supply chain is ensuring that the supplychain is properly integrated. In the attempt to integrate specific SCM strategies with thecompany’s overarching business strategy, executives in SCM are faced with a one-of-a-kindset of challenges that must be overcome. The supply chain has become a higher priority forchief executive officers in recent years as a result of the ways in which globalization haschanged business. However, this is not always for the reasons that should be prioritized. Inmany companies, the only time the CEO bothers to focus on the supply chain is either whenthey are attempting to reduce expenses or when something goes wrong. Integration on aglobal scale is essential for multinational corporations (MNCs) because it provides them witha competitive advantage. This advantage comes in the form of being able to capitalize oncapital and product market differences and share knowledge and new ideas that stem acrossthe organization. Other aspects include being able to manage the unpredictability of thepolitical or economic environment of various countries or regions. However, most peopleknow that the business environment in most fields has become more competitive and that theconditions under which business is done are more unstable. A good way to solve this problemis to make sure that the Chief Executive Officer (CEO) is in a position to take charge andshow top management creative plans and visions. The CEO should stick with the programs ofthe company. Lastly, this problem can be fixed if the CEO makes sure that their logisticsprograms support the company’s plans and are in line wi…

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