Question one
Determine whether integration efforts should start with suppliers, distribution, or both. Explain the rationale for your decision.
The process of supply chain combination entails joint work between the intended buyers and suppliers, combined product development, familiar systems and shared information. This process can be utilized to strengthen the efforts in the field of competition and provide companies with more advantages over their competitors in the market. Therefore it is prudent that the process of integration should begin with suppliers who are the people who avail the necessary and sufficient goods and services needed by hoards of customers in the market. Generally, there are two categories of indirect paths to be hypothesized to show the intervention with the suppliers. First and foremost the higher the view in the plan of selecting suppliers the higher the likelihood of increased integration. (Koufteros, Vickery, & Droge, April 2012, pg. 99).again, the need for intervention would demand that the degree of integration of suppliers the better the increased competitive abilities of the buyers. The controversy on the suppliers combination and buyers performance abilities are connected on the basis that the durability and the achievement of the suppliers depend on the relationships that the purchasing firm has developed, or is developing.
Question two
Recommend ways that DIMCO could benefit from leveraging B2B e-Commerce
Conduction of business online from one business to another also called e commerce is the buying and selling of goods from one business to another. If a single business unit says licile Jenkins intends to increase the amount of operational revenue, beB2B is surely the certain to generate the amount of revenue. Generally there are many advantages and even benefits that will accrue while carrying out B2B e-commerce. On the basis of the study carried out by Senn,the main essentialities of e commerce are; the expansion of the market for the firm, ignoring the traditional channels, segmenting the traditional markets, increasing their service delivery and for an increase in product promotion such as advertising.
Business reach is the ability of a business unit to mutually interact with other businesses or its customers. The soul objective of business reach is to identify and reach the potential buyers irrespective of their location and without an intention of earlier arrangement.Despite the fact that reachis an instrumental business tools, some organizations like internally dependent cannot employ this tool since the tool entirely rely on the already determined relationships and paths of communication.
Question three
Determine what steps DIMCO could take to improve its relationship with suppliers.
At the moment DIMCO employs approximately 375 various kinds of suppliers at different geographical markets and places in the universe. In accordance to the connections and resources handled by with suppliers. Majority of firms prosper in the creation of value and different kinds of mutual understanding and connections with their suppliers and partners who pose extreme capabilities, tastes and preferences, reach to global markets, and other crucial benefits. The main role of purchasing management is to mediate potentialities in identifying, development and securing such connections. DIMCO could also borrow a leaf from the Toyota.
Question four.
Discuss the most effective way for DIMCO to eliminate waste in its supply chain.
The main origin of the waste in the field of supply management is the unavailability of standardization. Floats occur in the whole chain and leads to sub-optimal working capitalmanagement.in situation where the money to be saved is limited to be saved, Pioneering companies are developing andare presenting their demand for open standards in order to ensures that their demand outweighs their supply, hence minimises wastes. After ensuring that the standards are good condition and place as required, the forces of competition will substitute and initiate the launch of value-added products and servicesthat use the standards. As standards move along the financial supply chain, the electronic transaction from one business to another will increase hence the last movement ofthe financial supply chain will definitely take place
References
Koufteros, Xenophon, Vickery, Shawnee K., & Droge, Cornella. (April 2012). Effects of Strategic Supplier Selection. Journal of Supply Chain Management.
Priem, Richard L. & Swink, Morgan. (April 2012). A Demand-Side Perspective on Supply Chain Management. The Journal of Operations Management.
Reid, R Dan. & Sanders Nada R. (2010). Operations Management: An Integrated Approach. (4thed). Hoboken, NJ: John Wiley & Sons, Inc.
