Supply chain inventory, people, technology and risk - Assignment Example

People involved if not well trained and equipped can be a major source of risks. In the recent years, companies have been introducing advanced technology that is relatively more reliable and accurate. Perhaps one of the main challenges facing most companies in their operations is obsolescence and fraud. Over the past years, cases of fraud have highly been reported in the UK. The government has established specialized bodies to fight fraud. Serious Fraud Office is one of the bodies together with National Fraud Authority are but examples of such bodies.

The technology industry has greatly been affected in the UK with Obsolescence over the last decade. This is highly associated with the quick advance in technological advancement. In order to be prepared against these two obstacles, companies have to develop well planned strategies. In these strategies, three factors are inevitable; inventory, people and technology. This report analyses how O2, the second largest telecommunication company in UK. The report tries to put into perspective the challenges and strategies used by the company in its operations in an effort to have an effective supply of its products and also fight fraud.

This has jointly been attained through training of its employees and use of cloud based inventory system. O2 is the second leading telecommunication company in the UK. The company offers a wide range of services and products from mobile phones, SIM cards, internet bundles, and also financial services like the O2 Money which allows people to send money, receive money, pay bills among other transactions. The diversification of its products and services has seen the company expand its market and customer base over the past years.

The high number of customers comes with its challenges. Among the challenges is how to handle demand and supply. This is mainly depended on their management on the inventory. The supply chain has to be well