8 Aug 2022

51

Global Optimized Operations

Format: APA

Academic level: College

Paper type: Coursework

Words: 283

Pages: 1

Downloads: 0

Global supply chains have developed a high tendency to ambiguity. To predict, respond, and monitor violations and economic changes around the world, companies require supply chains (Parida et al., 2015) . To reinstate the stability, companies are seeking ways in which they can operate and streamline their global supply chains.

Optimization is the process in which extremes in the global maximum and minimum are found. They can either be rated as the best value, or the performance can determine the best choice among various solutions (Jensen, Tran, & Hansman, 2015) . The integration of key business processes and activities coordinating a chain of counterparties for them to synchronize the actions performed during production and distribution is known as globally optimized processes. This process adds value to the end customer since essential business services are integrated into the business (Parida et al., 2015) .

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Concurrently, the global optimization process should be carried out and accepted based on decisions. For instance, optimum local logistics should avoid contradictions with optimum global logistics. At different levels, resource optimization should be performed according to the hierarchy (Jensen, Tran, & Hansman, 2015) . Such include the functional area of a subsystem and separating logistics functions, among others. To achieve a high quality of service with lower total costs, optimizing the entire system is vital using supply chain management.

To archive optimized operations, there are five ways, which this can be done. First, reducing all types of activities and losses which lack value. Such activities include storage or surplus stocks and handing of cargoes (Parida et al., 2015) . Secondly, improved customer service will ensure operations are optimized. Thirdly, there will be improvements in supply due to communication advancement. Also, new products will have reduced time for development. Lastly, there will be a complete synchronization of efforts while docking, which connect in the chain.

References 

Jensen, L., Tran, H., & Hansman, J. R. (2015, June). Cruise fuel reduction potential from altitude and speed optimization in global airline operations. In  Eleventh USA/Europe air traffic management research and development seminar (ATM2015), Lisbon, Portugal

Parida, V., Sjödin, D. R., Lenka, S., & Wincent, J. (2015). Developing global service innovation capabilities: How global manufacturers address the challenges of market heterogeneity.  Research-Technology Management 58 (5), 35-44. 

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StudyBounty. (2023, September 16). Global Optimized Operations.
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