Create a company and give me a brief overview of what you produce and how you will set up your supply chain. Address the following topics: global dimensions, role of logistics, distribution and omni-channel network design, demand management, order management and customer service, supply chain performance measurement and financial analysis, supply chain technology and managing information flows.
The requirements below must be met for your paper to be accepted and graded:
· Write between 1,000-1,250 words (approximately 4-5 pages) using Microsoft Word in APA style, see example below.
· Use font size 12 and 1” margins.
· Include cover page and reference page.
· At least 80% of your paper must be original content/writing.
· No more than 20% of your content/information may come from references.
· Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
· Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
· References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
In this paper, we will discuss a new company, Nou, Inc., and its supply chain strategies. Nou, Inc. is a technology company that produces smart wearables for health and fitness. The company is headquartered in the United States and has global ambitions. We will discuss how the company will set up its supply chain, including global dimensions, logistics, distribution and omni-channel network design, demand management, order management, customer service, supply chain performance measurement, financial analysis, supply chain technology, and managing information flows.
Nou, Inc. is a technology company that aims to provide smart wearable technology for health and fitness. The company is headquartered in the United States and plans to expand globally. Therefore, the company must consider global dimensions when setting up its supply chain. The company must consider the cultural differences, regulatory requirements, and market preferences of different countries. For instance, in some countries, there may be strict regulations on the use of wearable technology. In other countries, consumers may prefer certain features or designs. Therefore, the company must conduct market research and adapt its products to suit the local market requirements.
Role of Logistics
Logistics is an essential aspect of the supply chain, and it involves the management of the flow of goods and services from the point of origin to the point of consumption. Nou, Inc. must have an efficient logistics strategy to ensure that its products are delivered to the customers on time and in good condition. The company must consider various logistics factors, such as transportation, warehousing, inventory management, and order processing. The company can leverage technology to optimize its logistics operations, such as using real-time tracking systems to monitor its shipments and predictive analytics to forecast demand and optimize inventory levels.
Distribution and Omni-Channel Network Design
Nou, Inc. must have an effective distribution strategy to ensure that its products reach its customers. The company can leverage various distribution channels, such as online marketplaces, brick-and-mortar stores, and direct-to-consumer sales. The company must also consider its omni-channel network design, which involves integrating different sales channels to provide a seamless customer experience. The company can use technology to manage its omni-channel network, such as using customer relationship management (CRM) software to track customer interactions across different channels.
Demand management is a critical aspect of the supply chain, and it involves forecasting demand and aligning supply with demand. Nou, Inc. can use various techniques to manage its demand, such as using historical sales data to forecast demand, conducting market research to understand customer preferences, and using promotions and discounts to stimulate demand. The company can also use technology to optimize its demand management, such as using artificial intelligence (AI) to analyze customer data and predict future demand.
Order Management and Customer Service
Order management and customer service are essential components of the supply chain, and they involve managing customer orders and providing support to customers. Nou, Inc. can use technology to optimize its order management and customer service, such as using e-commerce platforms to process orders, using chatbots to provide real-time customer support, and using social media to engage with customers.
Supply Chain Performance Measurement and Financial Analysis
Supply chain performance measurement and financial analysis are critical aspects of the supply chain, and they involve monitoring the performance of the supply chain and analyzing the financial impact of the supply chain on the company’s bottom line. Nou, Inc. can use various metrics to measure the performance of its supply chain, such as inventory turnover, order fulfillment cycle time, and delivery performance. The company can also conduct financial analysis to understand the costs and benefits of its supply chain operations, such as analyzing the cost of goods sold, logistics costs, and inventory holding costs.
Supply Chain Technology and Managing Information Flows
Supply chain technology and managing information flows are essential aspects of the