Sunday, February 16, 2020
Consider a particular real organization of your choice which has an Essay - 1
Consider a particular real organization of your choice which has an international profile. Discuss how the organization is adopt - Essay Example The core intention of the company is to produce automobiles in accordance with the needs along with the requirements of the customers. Additionally, the company maintains a balance between its production services and other factors such as environment, drivability, safety and reliability [1] (Toyota Motor Corporation, 2013). In this respect, the company aims to offer vehicles of enhanced features, so that customers are availed with products beyond their expectations. The company, in order to retain its worldwide position and provide customers with quality products has developed an effective global network [2] (Toyota Motor Corporation, 2013). Supply chain management (SCM) and logistics play a decisive role for TMC in obtaining required materials from suppliers proficiently and providing finished products to customers in the market segments appropriately. In general, SCM is regarded as a process, which is involved in the movement along with the storage of materials from suppliers to cu stomers. ... In this regard, the company has developed ââ¬ËToyota Production Systemââ¬â¢ (TPS) with the aim of ensuring that materials along with inventories are handled properly. Additionally, TPS ensures that manufacturing along with logistics operations of the company are managed and integrated with the suppliers along with the customers (Strategos, 2013; Ludwig, 2013). With this concern, this essay intends to discuss about how TMC is adopting the principles of environmental along with social sustainability particularly in its supply chain management and logistics operations by using certain relevant examples. Discussion Supply Chain Management (SCM) and Logistics In the present business scenario, market competition has augmented due to increased level of globalisation and advent of technologies. In this regard, business organisations are required to adopt effective strategies for the purpose of enhancing their respective operational efficiencies and meeting the needs of customers with o ffering innovative products and/or services to them in a timely manner. SCM is a process comprising different activities in accordance with which supply of raw materials and distributions of final products and/or services are based upon. It develops a linkage between the suppliers and the consumers, so that a business organisation is able to execute its business processes and operations in a cost-effective manner. SCM is a procedure of managing the logistic activities of an organisation in order to make its operation and distribution cycle more productive. Additionally, SCM and logistics operations are required to conduct their operations in a social responsible manner and must take into concern
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