Supply Chain Management Essay - 7333 Words

A. Analyze whether a Keiretsu network, a virtual company, a vertical integration, or a different supply chain strategy should be adopted. A Keiretsu network is a network of businesses that own stakes in one another as a means of mutual security, especially in Japan, and usually including large manufacturers and their suppliers of raw materials and components. There are two types of keiretsu: vertical and horizontal. Vertical keiretsu illustrates the organization and relationships within a company, for example all factors of production of a certain product are connected. A horizontal keiretsu shows relationships between entities and industries normally centered on a bank and trading company. The two are complexly woven together and†¦show more content†¦There could be potentially higher costs due to low efficiencies resulting from lack of supplier competition. There could possibly be a decreased flexibility due to previous upstream or downstream investments. The company could incur a decreased ability to increase product variety if significant in house development is required. The process of developing new core competencies may compromise existing competencies. I believe vertical integration is the best choice for the company given its type and the market conditions. I believe the tool company should adopt it, however constant monitoring of the discussed negative parameters should be done on a quarterly basis. Discuss the metrics that should be used to measure performance of the supply chain. Supply Chain measurements or metrics such as Inventory Turns, Cycle Time, DPMO and Fill Rate are used to track supply chain performance. Supply chain management metrics can help you to understand how your company is operating over a given period of time. Supply chain measurements can cover many areas including Procurement, Production, Distribution, Warehousing, Inventory, Transportation, and Customer Service any area of logistics. However having good performance in one part of the supply chain is not sufficient. Your supply chain is only as strong as its weakest link. The solution is for you to focus on the key metrics in each area of yourShow MoreRelatedThe Supply Chain Management Of Supply Chains1372 Words   |  6 Pagesthe world. Supply chains are now very complex and flourishing in the global marketplace, but only constructed and managed correctly. My discipline is supply chain management. There are many different functions of the supply chain that make it what it is. Brea king this discipline down to specific job task is difficult because each process in a supply chain, no matter how complex is connected with at least one other process in the supply chain. There is no clear definition of a supply chain. 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