This is part 1 of a 3 part project. The instructions to the main project will be attached. Once completion of Part 1. Progress Report I will assign you for the Main Project. (Part 2). DO NOT DO THE 8-10 page project yet :) State how you will organize your objectives and discuss the key concepts and critical learning points. Identify at least three of your professional external research sources for your report. Do not simply write each objective. Grading Rubric (Reflect broad insights into how operations and supply chain strategy relate to other organization functions and focus on all strategic areas impacting supply chain decision making / Reflect strong insights into how operations and supply chain strategy relate to other organization functions and focus on all strategic areas impacting supply chain decision making.)

Answer

In order to accomplish the required goals, it is appropriate to first introduce the main ideas and essential takeaways from the supply chain and operations fields. Giving some instances to clarify the points will be necessary to boost the understanding of the importance of supply chain management and operational efficiency, which calls for goal arrangement in a systematic fashion. Furthermore, it is crucial to identify the many kinds of supply chains. However, I will also differentiate between the different operations types, besides understanding the link between operations and the supply chain. The two form the essential tenets of any business.

Strategic planning for supply chain and operations is integrally related to planning for the rest of the company components. Still, through the help of Habib et al. (2020), I cannot afford to ignore the strategic domains affecting supply chain decisions because they are crucial in making evidence-based determinations when managing the supply chain. The strategic focus entails everything from advertising and product design to budgeting and personnel management. There is a need to unearth external elements' effects on a company's supply chain. For instance, businesses need to remain mindful of how shifts in the international economy can affect transit prices or raw materials. Further, I will seek to identify the potential impact of social and political turmoil in various regions on the global trade network.

I will seek answers by thinking critically about the material I have been reading this week. Looking at the data is the most excellent approach to gain an unbiased overview of what's occurring in the system, so that's what I'll be doing as I examine integrated systems for demand planning and an operations and sales plan as a strategic way to improve supply chain visibility (Tarigan et al., 2021). One way to find flaws in a unified package is to compare it to others like it. The analysis of sales, production, inventory and other similar metrics can help with this. In a similar vein, I will utilize metrics and comparisons to other systems. Through the statistics, we may assess the state of a unified setup and locate any flaws that need fixing. Observing data trends, finding obstacles, etc., are all useful tools for this purpose.

Several avenues can be explored to boost supply chain efficiency and speed up customer responses. A good approach involves conducting an audit of the customer service and supply chain to pinpoint problem areas (Jeihoony et al., 2019). One alternative is to research how other companies deal with customer service issues and use that information to better themselves. Still, I will gauge the supply chain efficiency and the service delivery quality by investigating the prior polls conducted among the clientele.

Some strategies will be necessary to optimize and regulate stock throughout the distribution network. The just-in-time supply chain system is one such way, intending to supply the consumer with goods only when they are called for (Tarigan et al., 2021). It can lessen the need for storage space, thus lowering inventory cost or the overall quantity of stock on hand. An inventory turnover ratio is also a tool for managing stock levels. This magnitude relation quantifies the speed with which goods flow through the distribution network. Inventory involves swift movement without being hoarded if the turnover ratio is high. When it is low, it suggests the stock has accumulated around doing nothing.