SUPPLY CHAIN | Foundations of Supply Chain Management – Individual Assignment

$24.00

Logistics and Supply Chain Management plays an increasingly important role for organisations that strive to keep pace with market changes and supply chain integration. Globalization has dramatically changed how manufacturers operate, offering an opportunity to reach new customers in new markets while at the same time exposing firms to greater competition. With the onset of globalization, managing supply chains has become more complex and business critical than ever before. Demand forecasting and estimation gives businesses valuable information about the markets in which they operate and the markets they plan to pursue. If businesses do not use demand forecasting and estimation, they risk entering markets that have no need for the business’s product.

 

The individual assignment requires you to conduct a research in the field of ‘Demand Forecasting’ and write a report that discusses the importance of demand forecasting in today’s business environment and also discuss its relevance to supply chain management at strategic, tactical and operational level. The report will also highlight the ‘challenges and issues’ in demand forecasting and include the benefits/advantages that demand forecasting can provide to an organisation.
Word Limit / Guide = 2000 words
Needs to be submitted via Turnitin before 4pm 27th April

ITLS5000 Individual Assignment Outline S1 2015 ppt(2) (1)

Description

Management of the supply chain is an imperative aspect in the management of an organization’s operations. Supply chain involves various aspects ranging from production to delivery of a product to the final consumer. In the recent past, pressure from various quarters such as NGO’s and other bodies, has led organizations to adopt improved ways and strategies in management of the supply chain. This paper looks at various issues related to sustainable supply chain.