Supply chain management has varied influence strategies aimed at addressing mitigation strategies. Traditionally, purchasing, manufacturing, planning, distribution as well as marketing organizations along the supply chain are operated independently. Some of the influence in strategy includes the creation of network design, reduction of cost as well as offering a chance for service performance. Supply chain management is typically perceived to lie between fully vertically integrated firms. In this case, the entire material flow belongs to one firm. Coordinating between the different roles players in the supply chain is vital in its effective management.
Process management, systems thinking approaches, as well as other associated elements, are vital elements in determining the most effective engineering efforts. In my consideration, Nicole can also use these elements to implement different mitigation strategies in his engineering efforts. He can determine alternative logistical solutions by utilizing technology to offer service such as google map to locate destinations. He can also use conditional decisions as well as operational design to optimize the entire system as well as the potential solutions to the specific problem within the system.
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Operational design is the way operations, process, as well as activities, are designed to be conducted within a business as well as an organization. Control decisions, on the other hand, are the methods utilized within an organization or a business to determine the future of operations. Both control decisions, as well as operational design, are vital in improving the framework of supply chain management. The best control decisions and operational design for Best Inc are those that can help the organization achieve its set targets. In this regard, more dedication, effort as well as teamwork would be enhanced.
Formalized risk management elements include infrastructure, culture, integration, and process. These elements are flexible, and thus, they have to be, because risk profiles, operating philosophies, organizational structures as well as strategies vary in complexity across firms as well as industries. The risk faced by HI-TECH is losing customers because of their growing impatience for quality improvements. To mitigate the quality issues, Ty should initiate new ways of communicating, listening collaborating as well as measuring results. If Ty could start with suppliers’ mindset as collaborators, HI-TECH would be in a better position to come up with frameworks mitigating as well as reducing the risks in supply chain and fuel innovation.
HI-TECH has all the components of SWOT analysis. Although Ty’s efforts in improving supplier quality did not yield the anticipated results, HI-TECH has improved supplier quality which may favor the company in other dimensions. HI-TECH is also a member of SEMATIC group which encourages its members to implement SSQA for better supplier status. It is through the group that HI-TECH was able to enhance its quality performance dramatically. Weaknesses include reduced prices of semiconductor and vast amounts of excess capacity in the industry. By focusing on the quality issue and bringing back the forefront of the company’s strategic initiatives, the company has a better opportunity to improve supplier quality. HI-TECH also engaged in Standardized Supplier Quality Assessment which is an excellent opportunity for quality improvement. The greatest threat facing HI-TECH is insatiable customers demanding higher quality levels. The other threat is an exit in the industry due to the inability to improve supplier quality. However, much ty makes efforts to improve the supplier quality, the incoming materials continued being substandard.
