Supply Chain for WTP Furniture-Free-Samples-Myassignmenthelp.com

Questions: 1.Have project management planning practices used in developing the Mandalay Convention Centre? And then what kinds of problems are facing in developing the Mandalay Convention Centre? 2.Do you think Project Management Planning Practices are essential in developing the Mandalay Convention Centre? Give some reasons. 3.How can Project Management Planning Practices be help to overcome the facing problems in developing the Mandalay Convention Centre in Myanmar? 4.Can Project Management Planning Practices help to minimize cost, time, resource and improve quality to become economical and successful project? How do you think? Give reasons. 5.According to above mentions, cost, duration, quality and resource which fact the company should mainly emphasis to make sure a successful implementation project? Answers: 1.Supply chain can be defined as a network consisting of the organizations, individuals, activities, resources and technology that are involved in creating the product and the process of selling that particular product. The supply starts from source materials delivery from the hands of the supplier to that of the manufacturer and further the final delivery of the product to the customer or user. Supply chain management refers to the management and coordination and integration of the activities related to the supply chain. Supply chain management plays an important role in the furniture business, whether it is related to construction or carpentry, the information related to the chain of processes is important for the supply chain managers (Tayur, Ganeshan and Magazine 2012). The system of information in a furniture company is much more complex as compared to other sectors as there are many options related to the products in this industry. This discussion is based on WTP The furniture company, which was established in the year 1992 and it produces furniture which are aesthetically pleasing as well as are very much in discussion in offices and homes. Funds are allocated for development of technology in the furniture companies. The development of technology helps in maintaining the information system of a furniture company more easily as the systems are complex in these companies. The use software systems which are sophisticated and use of web interfaces facilitates the improvement of technology in the supply chain management in furniture companies (Wtpstyle.com 2017). Discussion and analysis The use of technology in WTP furniture company will help in reducing the complexity in the information system of the company. This application based service providers or ASPs will help the supply chain managers of the firm to easily manage the activities related to chain, that is, the processes related to manufacturing and the final delivery of the product much more easily as compared to manual ways of managing supply chain. However, the implementation of these technologies will also require investment, as the software needs to implemented and the managers should be provided the training related to these activities (Monczka et al. 2015). 2.Cost acts as important factor in the management of supply chain in case of a furniture company, that is, WTP The Furniture Company. The reduction in the costs in the supply chain can help in increasing the profits of the company even if the sales are not increasing. The storing of the goods, shipping the goods and thereby delivering the goods to the consumers are parts of the supply chain of the company. The management of the costs related to each step that is mentioned helps in reducing the costs of the company. The space required by the furniture company can be a factor that adds up to the costs of the company (Ross 2013). The storage needs to be used in an efficient manner, so that more and more furniture can be stored in less space, this will further reduce the costs related to the company. The company should appoint more than one suppliers for the raw materials that are required for production of the furniture. More suppliers will result into more competition which will ensure lower prices of raw materials. The cost of storage can be reduced by moving the products faster from the warehouses and the transport facilities need to coordinate their activities with the company in an efficient manner (Wisner, Tan and Leong, 2014). Discussion and analysis The costs of the company are directly related to the supply chain network of the furniture company. The main factors that have an effect on the cost related to the supply chain of the company are efficiency in utilizing the storage space, using more than one suppliers so that the competition increases and the prices of the raw materials decreases in this process. The products of the furniture should be moved fast so that the storage space or the warehouses can be free. The demands of the customers need to analysed and the furniture need to manufactured according their specific needs (Barney 2012). 3.Managing the supply chain of an organization is mainly the broad focus of the management where the impact of the activities related to the supply chain in the manufacture of the furniture goods is considered. The whole process is related to the chai of activities from the suppliers to the manufacturers and further to retailers and the wholesalers who finally supply the goods to the consumers (Green et al. 2012). The process of supply chain is to manage the production activities and the network of logistics of the company that is mainly the part of a whole pipeline or network. The supply chain process is related to all the other activities of the furniture company. The other processes that are related to marketing or promoting the products, the allocation of funds are all related to the supply chain activities of the company. The increase in the competition of the furniture company and the complexity of the information process has further increased the use of supply chain management systems (Brandenburg et al. 2014). Discussion and analysis The activities related to the supply chain management of the furniture company that is, the systems, the information, the efforts, processes and ideas are all integrated within the all the functions related to the supply chain management of the company. The organizations that practice supply chain management systems have recognized that supply is connected to all the other activities of an organization. The disruption in the supply chain processes will have an adverse effect on the entire activities of the organizations. In the same manner, the cost cutting or improvement in the supply chain processes will further improve the other activities related to the furniture company. The management of the connections in the supply chain processes of the company is the main part of the integration of the supply chain activities with the other processes in the organization (Ashby, Leat and Hudson-Smith 2012). 4.Managing the supply chain related activities is of utmost importance in any large or small organizations. The companies aim to provide high quality products to gain the satisfaction of the consumers. The supply chain management process in an organization brings the distributors, suppliers and the customers of the company within a process which is cohesive in nature. The suppliers, manufacturers, retailers, warehouses and the end users or customers are connected within an information flow that is dynamic and constant (Seuring and Gold 2012). The distributors and the suppliers are transforming into the partners of the organization for the improvement of the organization as well as the supplier company. The supply of the furniture company is strategically important for the company to manage their competition and improve the network of suppliers. The success in the implementation of the supply chain helps in reducing the costs related to the company, the innovation related to the technologies in the organization, increasing the productivity and the profitability of the company and in turn reduce the risks related to the processes of the company (Mangan and Lalwani 2016). Discussion and analysis The management of supply chain of the organization has an effect on the performance of the furniture company. The supply chain involves the process of getting raw materials from the suppliers, manufacturing of the products, transportation of the products and further the delivery of the products to customers or end users of the company. This process also involves the analysis of the needs of the consumers and manufacturing the products accordingly. This entire process ultimately ends at the supply of the furniture to the customers (Dyckhoff, Lackes and Reese 2013). The effective management of the supply chain of the company will ensure the delivery of the products to the customers and in turn it will impact the customer satisfaction. This entire process will impact the sales of the furniture company and the profits made. 5.The use of modern equipment and technology has changed the furniture industry totally. The modern technology has profound effects on the design of the furniture with the help of materials that are innovative and the processes that are used by the modern designers. The use of computers in the manufacturing process of furniture has totally changed the ways by which the furniture company works (Tayur, Ganeshan and Magazine 2012). The design that could be drawn manually, can now be achieved with the help of the computer programs and the process of manufacturing these designs is also received with the help of the software. The process of manufacturing the furniture with the help of modern technologies is useful for the designers, however it requires an adequate amount training to implement these technologies. The technological environment related to the manufacture of furniture is continuously changing and new technologies are evolving (Wisner, Tan and Leong 2014). Discussion and analysis From the answer it can be said that the advances in modern technologies and the invention new equipment have an impact on the furniture company. As is evident from the website WTP, the company creates furniture which have a flavour of the past and are also modern in nature. The furniture that is manufactured by this company is custom made according to the needs and desires of the consumers. The furniture manufactured by this company are distinct in nature and their presence can be felt (Wtpstyle.com 2017). This company uses modern technologies to design the custom made furniture according to the needs of the consumers. References Ashby, A., Leat, M. and Hudson-Smith, M., 2012. Making connections: a review of supply chain management and sustainability literature.Supply Chain Management: An International Journal,17(5), pp.497-516. Barney, J.B., 2012. 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Ross, D.F., 2013.Competing through supply chain management: creating market-winning strategies through supply chain partnerships. Springer Science Business Media. Seuring, S. and Gold, S., 2012. Conducting content-analysis based literature reviews in supply chain management.Supply Chain Management: An International Journal,17(5), pp.544-555. Tayur, S., Ganeshan, R. and Magazine, M. eds., 2012.Quantitative models for supply chain management(Vol. 17). Springer Science Business Media. Wisner, J.D., Tan, K.C. and Leong, G.K., 2014.Principles of supply chain management: A balanced approach. Cengage Learning. Wtpstyle.com (2017).About us | WTP. [online] Wtpstyle.com. Available at: https://www.wtpstyle.com/about-us/ [Accessed 7 Nov. 2017].