Wednesday, May 8, 2019

Business Improvement Essay Example | Topics and Well Written Essays - 2000 words

Business Improvement - Essay caseBut, the date of globalisation and liberalization has resulted in fierce competition amongst the multinational companies has come to the rescue of the consumer. Now, MNCs furiousness is less on profit margins and to a greater extent on sustainable growth. This resulted in making the independent sustainability of case-by-case businesses little challenging. The era of network competition (Dechow, 2003) resulted into MNCs looking for local support, while individual businesses found an fortune to sustain their business venture by working as supply range of mountainss for Multi-national enterprises. With growing wildness on innovative marketing techniques in the network economy, competing as stand-alone entities becomes much more difficult for individual businesses. Functioning as supply chains to one or more MNEs, helps in kick downstairs profit margins and long term survival of an individual business. This has led to a situation where the compet ition is non amongst individual firms, but as supply chains to larger business entities (Hammer, 2001 qtd by Dechow).In the IT era supply chain has acquired newer dimensions. Outsourcing is the new buzzword in the industry. While the debate is still on well-nigh the benefits or losses of outsourcing, the industry seems to have taken it in a big way. More and more banks, IT companies, PSUs and a range of industrial units from places like UK, USA, Germany etc be flocking towards Asian region with their requirement for software development, IT enabled operate and call centre workforce. The outsourcing firms do not have a formidable identity of their own, but they are very crucial for an organization like, HSBC, Microsoft, IBM, Standard Chartered etc. While the MNEs are able to present millions of dollars through this battle array, the supply chain companies too are earning good revenues within their own areas of operations. Such an arrangement proves to be a sound business strateg y for long term survival. Quoting Thomas Koulopoulos, Burnell (2007) says Companies whose instincts have done for(p) stale are like patients with local anesthesia let free to wander the world. They are rational, recollective and aware of their predicament, yet numb. They can no longer sense the world around them.In hostelry to leverage the economies of scale and remain free-enterprise(a), companies are relying on the increasing role of supply chains. Therefore, companies are directly supposed to adapt their supply chains efficiently in order to remain agile and competitive (Tolone, 2000). This helps in building strong relationships with customers and suppliers. With the growing trend towards leaner and meaner organisations, companies are now more cogitate towards their core competencies, while preferring to outsource all other activities. Swaminathan (2003) underlines the need for strategic management of the supply chain beginners with increasing role of core competencies, eli mination of geographical boundaries with ICT revolution and volatile nature of economies. For creating strategic advantages in the competitive landscape coordinated supply chains have now become an integral part of the business strategy. Companies are now coming out with solutions for managing the supply chain, for example IBM provides SCM solutions for its partners so that they can imbibe a window into inventory. This allows promoting, cross-selling, up-selling, replenishing, and closing out, the inventories on short notices1. Such solutions also help in sagacious forecasting,

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