Despite the fact that Creative Works Limited is interested in the supply engagement with Success Inc, the preparations for the presentation appears to be poorly done. The presenters fail to explain the actual legal relationship held with the suspicious companies and appear to approach the agreement in a rather casual manner when compared with the contractor. Follow-up research on the actual performance of the individual companies, party to the ambiguous relationship, reveals that some grave concerns such as bankruptcy and unclear objectives leading to a doubtful termination of the negotiations. 2. Viewpoint Creative Works Limited case study takes the perspective of the case from the managing director’s position, as he is involved in the negotiations as the highest company official. The point of view is that of Leslie Smith, who acts as the facilitator in the negotiations. As the purchasing manager, most issues in the negotiations touch on the decisions required from the purchases department and understanding the underlying issues is important for the process. 3. Central Problem What is the relationship that Creative Works Limited has with its partners? In the negotiations, it is clear that the relationship that Creative Works Limited has with the several named companies is not defined and it appears to confuse even top company officials such as the managing director and the director. Complex relationship without a definite structure on how the managing director of Creative Works Limited obtains the proxy status over the individual companies presents a challenging negotiation beginning. In analyzing the Creative Works Limited structure and its authority over the other companies, it is difficult to generate the responsibility and liability that the Creative Limited would assume in the transaction. In standard corporate practices, several players must have clear engagement terms for use in determination of the roles played in business context. The reason for this is so that each party to the agreement knows its terms of engagement and responsibilities. This aspect is conspicuously absent from the explanation given by the managing director and the director involved in the negotiations. This brings about the question: Why is Creative Works Limited uncomfortable revealing its true relationship with its partner companies? 4. Statement of Objectives a) Must Objectives i) To present a professional team capable of performing negotiations on behalf of the alleged partnership. Comparing the compilation of the negotiating delegations, Creative Works Limited team appears to be inferiorly put together. (Compiling a professional negotiation team is specific and measurable. It is possible to determine how equipped a negotiator is on company matters). The professional team should be able to clear the air regarding what relationship the company has with its partners. ii) To establish the scope of their business interactions that Creative Works has with its partners assuming that the different companies exist as individual companies but cooperate with Creative Works in certain respects. (Establishing the scope of interaction is specific in that it unearths ambiguous perceptions of relationship. It is possible to measure scope by the extent of legal implication in case a partner contravenes healthy contractual relationship as Success Inc
Company Analysis 1. Time Context The time definition of the case study originates from the events of the ongoing discussions, which is during a time when the Success Inc. required engaging a new supplier. After seeking for a supplier, Creative works emerges as an interested candidate and proceeds to an appointment with Success Inc representatives…
It helps in reducing the cost of operations, improving the quality of the products and services rendered and in maintaining efficient delivery system. Moreover effective supply chain management practice promotes the system of spontaneous innovation taken by a concern.
According to the paper the corporate supply chain management team is responsible to align their 'functional strategy' of supplies with the 'corporate strategy'. Without aligning the corporate strategy with the functional strategy it is not possible for a corporation to achieve its goals. As the strategic development is from top to down, therefore the supply chain management should support the corporate strategy.
Therefore, the two organizations are collectively referred to as supply chain. According to Case 3 analysis, the two organizations are the Japan X Ltd and the Success Inc. Companies. The second principle is that, despite the existence of supply chain for quite some time, majority of companies have diverted their attention to what was happening within their business boundaries.
Organizations are today conscious of improving their processes and procedures so that their customers are ever satisfied. This is because satisfaction is a key element of ensuring that organizations are able to compete in their respective industries as well as ensure that they attain their performance objectives (Stock and Lambert, 2001: 19).
The results of the supply chain management activity are determined in accordance with different factors that were implicated regarding the steps involved and the effects that different factors had upon the supply chain of a company. The management of inventory and its importance is elaborated when there is a strategy to maintain enough stock in the inventory to fulfill the required demand and does not get stock out.
According to Atul, the characteristics pertaining to the entrepreneurial environment are moulded by the processes of management at the local level. In this regard, the local government has experienced different issues i.e. 'fixing rates of taxation and finance but with substantial freedom'.
The concept of standardization applies to multiple industries, and the cost savings can be significant; estimates by governmental leaders and industry analysts project that the auto manufacturing industry alone could save as much as $1 Billion annually (6).
Establishing standards for supply chain management (SCM) has some specifically-stated goals in the article; streamlining interaction throughout the elements of the supply chain, increasing transaction speed, reducing inventory as well as delays, all with
This approach can be further defined as designing, execution, planning, monitoring and controlling of various supply chain activities. The major objective of international supply chain management is to create value, develop a competitive structure, leveraging logistics across the globe, bringing forth synchronization between demand and supply, and measuring the overall performance globally.
The first way to solve the problem is to work as a team with the employees and try not to balance work amongst all the employees. The other is to identify the bottlenecks facing the plant and ways to tackle them without incurring a lot of
1 pages (250 words)Essay
Get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Didn't find an essay?
Contact us via Live Chat, call us at +16312120006or send an email to firstname.lastname@example.org