This website uses cookies to ensure you have the best experience. Learn more

Supply And Demand Chain Management: The Effect Of Adding Services To Product Offerings By

880 words - 4 pages

Overview of the article
Various operations management facts and theories are objectively presented throughout the article of “Supply and Demand Chain Management: The Effect of Adding Services to Product Offerings” by Oscar Bustinza, Glenn Parry and Ferran Vendrell-Herrero. These theories include supply chain management and competitive advantage, operations strategy and technology. The main purpose of the literature being reviewed is to address the research question of “How does changing the offering affect the supply and demand chain management?” (Bustinza, Parry. & Vendrell-Herrero, 2013, p. 618). They achieve their research objective through a study of the music industry and demonstrate how the digitization of the creative industries has affected the supply and demand chain management approach when new services are added to traditional product offerings.

Operations Management (OM) explores numerous theories on how to improve the processes and design of a supply chain. OM can be defined as “the science and art of ensuring that goods and services are created are delivered successfully to customers” (Collier and Evans, 2012, p. 1). The content of BX2062 predominately studies the seamless integration of logistics, operations and the customer. The literature covers a wide variety of themes that repeatedly emerge within the subject content of BX2062, Operations Management. Although the literature presents these themes in an array of different contexts, this paper will primarily focus on their application and relevance to the subject content of BX2062.
Critical thinking

Operations Management continually studies methods to find the best supply chain processes to be able to serve each customer and each product at a given point in time (Thomas, 2012). The article likewise explains how supply and demand chain management are sizeable factors that work simultaneously to contribute to a firm’s customer satisfaction and competitive advantage. It is stated in the article “DCM allows the firm to achieve real competitive advantage…and satisfies the existing customer requirements” while “SCM focuses on the creation of offerings and their transfer, flowing from suppliers to consumers.” (Bustinza, et al. 2013, p. 619)

Technology is a key component of the supply chain, and can completely alter the way that firms manufacture and distribute their finished products. The digitization of the creative industries is a significant factor disrupting the way that firms manage their supply and demand chain. To support this idea, the authors present the findings of a study that was undertaken on the consumers of the music industry. The findings show that the digitization of music has “effectively ‘broken’ the traditional manufacturing supply chain” (Bustinza, et al. 2013, p. 625). With technology becoming a growing factor throughout the world, firms may find that they will...

Find Another Essay On Supply and Demand Chain Management: The Effect of Adding Services to Product Offerings by

Supply Chain Management: The Heartbeat of Dell

1671 words - 7 pages A human heart is a great example of an effective supply chain management system. To the unsuspecting owner, it transparently replenishes the blood supply by providing red oxygen-rich blood into circulation, and retrieving. When demand for oxygen to the muscular system increases, the heart rate increases as well, furiously pumping through four chambers each with a series of valves and flaps which restrict blood flow in one direction. When demand

Compare and contrast the supply chain management approaches take by H&M, Benetton and Zara

2717 words - 11 pages stay in control at every stage of the product life cycle and makes the entire supply chain super responsive. The strategy of producing small batches of each design helps to keep the inventory levels at minimum and increase flexibility to customers demand. This great flexibility and responsiveness of Zara's supply chain help the company to tackle the bullwhip effect, "the phenomenon of variability magnification as we move from customer to the

The Concepts of Supply and Demand

1365 words - 5 pages Gasoline prices are influenced by a multitude of factors. Crude oil prices, the major component of gasoline, are higher. World oil supply is tight due to record growth in world oil demand. With gasoline demand at record levels, U.S. refineries have responded by producing record amounts of gasoline. Most refineries are running at a 96% utilization rate, far exceeding the general industry average of about 82% (Hackworth & Shore, 2004). There

Crm and supply chain management

1872 words - 7 pages information across various points in their value chain. It guarantees reduction in costs and improved productivity by identifying process enhancement opportunities.Supply Chain Management is simply the process of optimizing the delivery of goods, services and information from supplier to customer, balancing supply and demand. Supply chain management is typically viewed to lie between fully integrated firms, where the entire material flow is owned by a

Supply Chain Management Of Toyota

3385 words - 14 pages reduce the cycle time and to give qualified products to customers. TMMNA could reduce cycle time, higher quality, excellent customer services and lower production cost from this lean manufacturing strategy.( d ) Product StrategyOne of the main elements in SC strategies is product strategy. It establishes the basic tasks of the supply chain. It shapes SC strategies by impacting location, logistics and transport, storage and warehouse activities, make

Supply Chain Management of Amazon

2052 words - 9 pages This paper reviews the supply chain management practices of (AMZN) and highlights findings in the framework of a Strengths – Weaknesses – Opportunities – Threats (SWOT) framework. AMZN opened its virtual doors on the World Wide Web in July 1995 as a web based bookseller and today offers Earth’s Biggest Selection according to the company’s 2012 annual report to shareholders. AMZN’s vision statement is to be Earth’s most customer

Weather management can control all the factors influencing demand for and supply of labour

1361 words - 5 pages This essay will be discussing if management can control all the factors influencing demand for and supply of labour.Management is the process of acquiring and combining human, financial and physical resources to attain the organization's primary goal of producing a product or service desired by some segment of the society. (Longecker:1984:2). However, in this essay, management will be referring to those people at the top of the hierarchy in the

The role of information systems in Supply Chain Management

1710 words - 7 pages of marketing and advocated the extension of an organization to include all members of the distribution channel.Why use SCM?Supply chain management as a concept has been evolved to address a number of issues that effect modern companies as follows.The number of suppliers that companies use has tended to increase greatly, for example Sun Microsystems has three factories of its own but uses its supply base to increase its productivity by a factor

Demand and Supply of Oil

844 words - 3 pages price of Oil Verses the Demand of Oil by consumers.The effect of increase in demand (excess of demand) for Oil causes the curve to shift inward and leading to an increase in Oil prices. On the other hand Suppliers always tries to follow the demand curve by increasing their supply of Oil to keep the prices of Oil stable.Supply of OilFaced with such an inelastic demand within a certain affordable bad of prices, Oil producers could always increase

elasticity of demand and supply

1718 words - 7 pages chips and oil. If the price of oil increased, chips demand will decrease. The following figures shows the relation between product X and Y. These two goods are considered to be complements. When product Y’s price increased from P1 to P2, product X’s demand decreased from Q1 to Q2. Organisations can increase their profit by producing own unique complements. Cross demand elasticity can be calculated through (% change in quantity demanded of good

Supply Chain Management From Start to Finish

2278 words - 10 pages Introduction If someone were to be asked what their profession is and they replied with supply chain management, they would likely be met with blank stares and the question, “what is that”? To briefly sum it up, supply chain management (SCM) is the overseeing of flow efficiency and storage of a product from the point of origin to the point of consumption. In the fairly recent past the implementation of supply chain managers has been increasingly

Similar Essays

Gasoline Prices And The Effect On The Supply And Demand Of Other Goods And Services

818 words - 3 pages Gasoline Prices and the Effect on the Supply and Demand of Other Goods and Services"A market force is an economic force that is given relatively free rein by society to work through the market." (Colander, 2004) As supply decreases prices increase and as supplies increase the cost of goods decrease. This paper will discuss gasoline prices and the effect on the supply and demand of other goods and services.Gasoline prices in March of 1981 reached

Supply And Demand Factors For The Live Beef Cattle Export Market And The Effect Of The 2011 Ban Of Live Beef Cattle Exports To Indonesia

3693 words - 15 pages 1 Supply and Demand Factors for the Live Beef Cattle Export Market and the effect of the 2011 Ban of Live Beef Cattle Exports to Indonesia University of Western Australia Masters of Business Administration ECON5503 Economic Management and Strategy Trimester 3, 2013 2 Introduction Australia is the world's largest beef and live cattle exporter. Apart from accelerating global demand for beef offering a significant opportunity to the Australian

Increase In Illegal Workers Reduces Wages, And Increases The Burden On Social Services. Supply And Demand; Labor Markets; Income Distribution And Poverty

656 words - 3 pages since 1995. This increase has had an unlikely effect: Workers who entered the US illegally are reluctant to try to cross back into Mexico during the winter, and therefore stay in the US permanently. In Stockton, California, workers cram into small apartments, sleeping wherever space is available.This non-exodus has caused a drain on the social services provided by communities with high populations of illegal immigrants. Montezuma Elementary School

The Strategic Importance Of Supply Chain Management

2046 words - 8 pages ' for 'skilled in calculating', was evolved from military logistics after World War II (Pienaar and Vogt 2009). In modern business world, logistics was defined as ' that part of supply chain management that plans, implements and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and then point of consumption in order to meet customers' requirements' (Pienaar