5009LBSBSC - SUPPLY CHAIN MANAGEMENT

SUBJECT CODE – 5009 LBS BSC
SUBJECT NAME – SUPPLY CHAIN MANAGEMENT
UNIVERSITY NAME – LIVERPOOL JOHN MOORES UNIVERSITY

Supply chain management refers to the management of a product's or service's full manufacturing flow, from raw materials to delivery of the end product to the customer. A business establishes a network of suppliers (“links” in the chain) to convey the product from raw material suppliers to organisations that interact directly with customers.

The planning stage is the first step in the supply chain process. In order to address how the products and services will satisfy the expectations and necessities of the customers, a company must design a plan or strategy. At this point, the planning should primarily focus on devising a profit- maximising approach.

Following planning, the next phase is to develop or source. At this point, companies primarily focus on forging strong ties with suppliers of the raw materials needed for production. This entails not only locating reputable suppliers, but also determining various shipping, delivery, and payment methods for the product.

The production or making of customer-demanded products is the third step in the supply chain management process. The products are created, manufactured, tested, packaged, and synchronised for delivery in this step.

The delivery stage is the fourth stage. In this stage products are delivered to the customer at the specified location. This is also called the logistics stage, where consumer orders are approved and goods delivery is scheduled.

The return is the final and most important stage of supply chain management. The customer returns defective or damaged items to the supplier at this step. Companies must deal with client inquiries and concerns, among other things.

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Individual Task

1.Student has to draw an appropriate supply chain management concept, theories and frameworks and write a report on any one of the following topics:
⦁ The electric vehicle supply chain
⦁ The fast fashion supply chain
⦁ The Covid-19 vaccine supply chain

Whichever one of these three supply chains you pick, you must cover the following four tasks in your report:
⦁ Draw a high level supply chain map and describe the dynamics of this supply chain. (15 marks)
⦁ Discuss which standard supply chain strategies are most suitable in this context and how they allow organisations to gain and maintain a competitive advantage.
(20 marks)
⦁ Critically analyse the main current environmental, ethical, social, and political issues in the context of this supply chain. (20 marks)
⦁ Evaluate supply chain risk management approaches to the issues you identified.
(15 marks)