Assignment Instructions: Managing Supplier Relationships and Product Life Cycles
Create a 12-15 slide PowerPoint presentation for management detailing strategies for maintaining supply chain relationships and achieving efficient inventory management throughout the product life cycle (PLC) for a global manufacturing company.
Scenario:
For this assessment, choose either Option 1 or Option 2. You do not need to do both. You will apply one of these scenarios in the Requirements below. Both options will be graded using the same scoring guide.
Option 1:
Now that you have selected a vendor and an alternative vendor and you have a relationship plan, it is time to determine how and when you will implement relationship building strategies for JM Manufacturing.
You must also consider several factors when examining the push inventory model or a pull inventory model, and an optional template is linked below, if needed. Deciding which model is best depends on what phase you are in with regard to the product life cycle. For this scenario, your product is in the Introduction Phase and you can assume it will have a 5-7 year life cycle, so you will start an inventory plan.
Option 2
You are a supply chain manager for JM Manufacturing and you need to create a plan to implement business relationship strategies with the selected vendor and alternative vendor. Since one vendor will be used primarily, it is expected that your plan and strategies will differ. In your presentation to the organization's senior leadership, you will also be recommending an inventory model to manage each phase of the product life cycle.
Create a PowerPoint presentation of your vendor relationship strategies and inventory plan, including the following:
Develop timelines for building the selected supply chain vendor relationships. Be sure to differentiate the differences in your relationship strategies and timelines with the primary vendor and the alternative vendor.
Articulate the pros and cons of the push inventory model for each product life cycle phase. All phases should be covered in depth and in great detail. Articulate the pros and cons of the pull inventory model for each product life cycle phase. All phases should be covered in depth and in great detail. Recommend an inventory model for the manufacturing company. Justify why the selected inventory model is the best choice for supporting your organization through each product life cycle phase. What ethical and legal principles did you consider in this recommendation?
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Attachment:- Managing Supplier Relationships and Product Life Cycles.rar