When it comes to thinking about the supply chain, there is a boundary-spanning n
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When it comes to thinking about the supply chain, there is a boundary-spanning nature where there are limitations on what “can and must” be done, while the potential for “how and where” the work to be done is endless.
For this assignment, utilize a globalization mentality to explore some of these limitations and opportunities. First select one step along the supply chain (this could be at the beginning with raw materials, the middle distribution, or at the end of retailing the products to customers).
Then make two lists: One with limitations, and one with potential opportunities. Then based on the lists, develop a supply chain management strategy to reduce the limitations and expand on the opportunities (hint: use new innovations, which you can research, to help guide your strategy).
Make sure you provide a full explanation of why, how, and where the strategy will be implemented to improve the supply chain, and then how it will impact the companies and customers involved. Then determine the cost-productivity advantage with how much value will be added by making the change (hint: use estimations of value, exact numbers are not expected in this assignment, but please explain how you got your numbers).
Lastly, every idea may have an equally good, if not better, idea also available. Provide an explanation of the opportunity cost that would be lost by implementing your new supply chain idea. Remember that opportunity cost is the value that you give up by investing in the other opportunity.
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