StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

A Company Reporting on its Supply Chain Activities - Essay Example

Cite this document
Summary
The essay aims to present a company reporting on its supply chain activities based on an article from Purchasing. In this regard, an article written by Stundza entitled “If prices are rising, it's not buyer demand that's pushing them up” would be used to discuss the basic supply chain activities of Steel Dynamics, one of the mini-mill producers affected by sluggish demand for their products…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
A Company Reporting on its Supply Chain Activities
Read Text Preview

Extract of sample "A Company Reporting on its Supply Chain Activities"

Supply Chain Management: A Company Reporting on its Supply Chain Activities The essay aims to present acompany reporting on its supply chain activities based on an article from Purchasing. In this regard, an article written by Stundza (2010) entitled “If prices are rising, it's not buyer demand that's pushing them up” would be used to discuss the basic supply chain activities of Steel Dynamics, one of the mini-mill producers affected by sluggish demand for their products. A Company Reporting on its Supply Chain Activities According to Russell and Taylor (2009), supply chain “encompasses all activities associated with the flow and transformation of goods and services from the raw materials stage to the end user (customer), as well as the associated information inflows” (406).

In this regard, an example of supply chain management from an article published in Publishing, a trade magazine, presented relevant activities and factors that affect supply chain flow of mini-mill products. One of the companies exemplified in the report was Steel Dynamics where the current situation reported by Stundza (2010) was manifested as weak demand for products such as merchant bars, wire rod, light structural products, mini-mill made steel, special quality bar, structural steel and fabricated rebar, among others.

The raw materials for these products are highly dependent on the availability and prices of scrap, briquettes, pellets, the types of steel to be produced, and operational factors. The end products are marketed to consumers of which the following were mentioned: automakers, automotive parts producers, residential and non-residential building construction, export markets and the nuclear industry. The crucial information that affects the supply chain are factors affecting supply and demand. As revealed, there is currently low demand or sluggish movement in both residential and non-residential building construction, and the prices of raw materials, particularly scrap.

Further, export markets deem to be a lesser viable alternative to market their products due to end prices that would not be competitive in Europe and Asian nations because of including custom-duties, insurance fees, freight costs and availability of ships for export. Other relevant factors that affect pricing strategies for the products are the rising cost of scrap due to seasonality in supply and the strong demand for export markets. All of the components and elements from raw materials to the end markets, and the information revealed affect the supply chain management of steel producers.

References Russell, R. S. and Taylor, B.W. (2009). Operations Management: Creating Value Along the Supply Chain. John Wiley and Sons, Inc. Stundza, T. (2010). “If prices are rising, it's not buyer demand that's pushing them up.” Purchasing. Boston, Vol. 139, Iss. 4; pg. 43, 1 pgs.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Company Reporting on its Supply Chain Activities Essay”, n.d.)
Retrieved from https://studentshare.org/business/1416684-a-company-reporting-on-its-supply-chain-activities
(A Company Reporting on Its Supply Chain Activities Essay)
https://studentshare.org/business/1416684-a-company-reporting-on-its-supply-chain-activities.
“A Company Reporting on Its Supply Chain Activities Essay”, n.d. https://studentshare.org/business/1416684-a-company-reporting-on-its-supply-chain-activities.
  • Cited: 0 times

CHECK THESE SAMPLES OF A Company Reporting on its Supply Chain Activities

Technical Solutions to Track and Record Movement of Goods

In ordering practices the problems can be happen in such a way that like “retail store may have ordered too little or too late, so that the warehouse could not deliver before the retailer ran out of the item, or when the retailer forecast may have misjudged demand for an item and ordered an insufficient supply....
10 Pages (2500 words) Book Report/Review

Practical Apps in Cyber Security Management

In this case, Bank Solutions, Inc supply chain logistics together with information technology will play crucial roles.... Business continuality and disaster recovery planning are procedures that help businesses prepare for disruptive activities.... hellip; Operations of any company rely on insuring its confidentiality, availability, and integrity of information.... The company does not have a proper full and incremental backups plans....
8 Pages (2000 words) Report

Ecommerce Technology Solution

hellip; Currently, PC-Tech is running its business through a chain of shops all through the US.... In addition, this report will discuss and suggest some of the main e-commerce aspects with respect to PC-Tech and its potential enhancement through the new e-commerce based business arrangement.... Additionally, in the start, the business was established as a small retailing company and with the rapid development, it has now become one of the major PC supplier companies and dealing with large size firms, companies, universities and schools....
11 Pages (2750 words) Book Report/Review

Marketing Communication Plan for Moveo Folding Electric Scooter

was founded in the year 2008 by Antro Group, a Hungary based non-profit organisation, which is renowned for its innovative and environmentally accepted automobile products (1Moveo Co.... The paper "Marketing Communication Plan for Moveo Folding Electric Scooter" states that the formulation of a strong brand image of Moveo in the target market and likewise, creating awareness in the consumers' mind will form the key set of marketing level objectives....
12 Pages (3000 words) Book Report/Review

The Supply Chain Activities of Audi

The paper "The supply chain activities of Audi" discusses the application of effective system analysis tools and describing work-related information system's architecture in terms of data, processes, interfaces, and networks that facilitate to improve the supply chain efficiency of Audi.... It also explains their significance in terms of streamlining the supply chain operations of Audi.... In the context of Audi, the organization incorporates an integrated framework, which encompasses each activity relating to its different operational activities....
6 Pages (1500 words) Report

Evaluation of E-Commerce Models Technical Analysis

The effects of this concept can be witnessed in various sectors such as communications, finance, retail, education, health, and government, whereby routine business activities such as ordering office supplies, paying bills, and estimating demands have already taken a new twist.... Electronic commerce concept may involve various aspects of an organization electronic interactions with the stakeholders and may extend into other activities such as establishing web pages and other online collaboration tools such as wikis and social networking sites, in order to collaborate with stakeholders such as; the general public, employees, managers, financial institutions, government regulators, suppliers, and customers among others (Richard et al....
12 Pages (3000 words) Report

Information Systems and Cloud-Based Computing

It can be differentiated from other management systems in that, they are purposely created for analysis of the company's operational activities.... Many have installed:Enterprise Resource Planning SoftwareAccounting Information SystemsCustomer/Constituent Relationship Management SystemsSupply chain Management SystemsHuman Resource Information Systems... A 'cloud' can be termed as public if its availability is paid as you go and has no restrictions in terms of its accessibility....
10 Pages (2500 words) Report

Lean Thinking in Construction Industry

Improved supply chain management and close relationship with suppliers and customers are crucial in harnessing the full advantages of lean thinking.... Although the lean manufacturing concept has been evolving for eons, its epitome has been fueled by the contemporary insistence on optimization of consumer value at the minimum production cost possible.... Noteworthy is that lean thinking underpins efficacy in information creation, management, and its utility....
11 Pages (2750 words) Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us