The concept of supply chain optimization assists the automobile industry to identify various difficulties that would arise while delivering products to customers at various market conditions. Ford Motor Company Ford Motor Company is one of the members of the group “Big Three” including Chrysler and General Motors as the other members (Levine, 2009). The Ford Motor Company is a well established car manufacturer in the automobile industry and the company started its manufacturing operations in 1903. The Ford Company introduced the first “dominant design” in automobiles which became the fundamental framework for other manufacturers to design their models. It is observed that the most powerful feature of the Ford is its flexibility to integrate with various market situations. This extreme feature has assisted the company to vie with many severe competitive markets. Ford possesses an efficient management team which effectively forecasts the market and changing consumer tastes and thereby designs innovative car models (Salton, 2010). Supply Chain Management in Ford Automobile Industry The most fascinating feature of Ford’s supply chain management is that it possesses large number of suppliers. The company is characterized with three tiers of suppliers which add value to the company’s supply chain operations. Since the Ford is a $150 billion company, it practices significant leverage over its suppliers. The Ford’s trend of the past 30 years shows that the firm moves toward increasing outsourcing of materials, components, and services with intent to achieve lower costs and increased flexibility. This practice would certainly contribute...
The researcher of this paper analyzes various supply chain strategies, objectives and practices of Ford Motor Company. This research paper mostly focuses on describing supply chain optimization, that is the application of different strategies and processes which are aimed at the effective supply chain operations at manufacturing and distribution. In order to achieve supply chain optimization in automobile industry, that is discussed in the research paper it is necessary to ensure uninterrupted and optimal placement of inventory within the supply chain and minimize various operating costs including manufacturing costs, distribution costs, and transportation costs. In modern times, computer software plays a crucial role in developing mathematical modeling techniques which can well contribute to the supply chain optimization especially, in automobile industry. In the automobile supply chain system, such as the Ford Motor Company’s, supplying industries provide rubber, electronics, glass, steels, and other materials to the manufacturers. In conclusion, the researcher tries to sum up his exploration on the company's supply chain strategies. The researcher states that the Ford Motor Company is the best example for such exploration, not only for it efficiently practices but also for different optimization strategies in order to promote its successful business as well. The company’s environment-friendly product designs are highly notable for their increasing significance in the modern automobile market.
This research paper describes management in automobile industry in the United States and analyzes an examples, such as various supply chain strategies and practices of Ford Motor Company, it's internal productivity, economic cost of production, and high profitability…
TOYOTA The supply chain system of the automobile companies like Toyota was initially based on a three tier system of suppliers where the first tier of suppliers tend to render a set of integrated systems to the manufactures of original equipments. The second tier of supplier bodies on the other hand tend to focus on supplying of assembled parts either to the first set of suppliers supplying integrated systems or to the original manufactures.
Ford Motor Company is one such organization that incorporates large volume of innovation into its product lines. The majority of the top rated vehicles all over the world are the contribution of Ford Motors. The secret behind the success Ford Motors is its constant effort to meet the needs of its consumers with new ideas and features.
With companies being operational in multiple global markets, effective supply chain management is critical to an organization’s overall success. The performance of logistics activities has become of prime importance in an organization’s competitive strategy.
On the other hand, it is obvious that competent management involves proper planning. In effect, supply chain planning should constitute forecasting, efficient discovery and prioritizing of all essential sources of supply and add value to the product along the supply chain.
At the same time, organizations are becoming responsible for their partners and suppliers’ social and economic performance due to the increased demands as well as strong economic performance. These pressures are coming from a number of sources, which include the community, employees, governments, and socially aware organizations.
Research and practice shows that connecting and informing on supply chain, its management and the distribution of characteristics that dictate management of corporate organizations have greatly contributed to the integration of supply chain and its management.
The author states that a business strategy includes several organizational functioning strategies, such as supply chain management strategy, production strategy, marketing strategy, human resource management strategy and financial strategy. These all are equally important for an organization to achieve significant business growth rate.
Supply chain optimization strategies can play a vital role in improving the functionality and viability of automobile industry. This paper in particular will analyze various supply chain strategies and practices of Ford
He contributed towards the development of an assembly line mode of manufacturing which facilitate mass production starting with Ford Motor Company. The emergence and popularization of automobile travel highly speeded
5 pages (1250 words)Research Paper
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