Unit 9. The financial Times article authored by FrikkeeTineke.
Question 1. Identify an article within a trade publication that was published within the last 60 days that speaks to how businesses are changing the way they source their product and keeping minimum inventories. It could be related to sourcing in the USA or in the Americas. What are the measures that are being taken? Do they make sense for the business in question? What would be your recommendation, regardless of whether it makes sense or not?
Question 2.Transparency throughout the supply chain is a hot topic within the industry. However, it seems to be mostly focused on the manufacturing process. Identify a luxury company, peruse its transparency policies, how the policies are presented, and whether the policies meet the true criteria of transparency—keeping in mind that it’s not just about manufacturing. Speak to the areas where transparency needs to be incorporated, why, and how.
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Unit 9
Question 1
The financial Times article authored by FrikkeeTineke elaborates on methodologies adopted by businesses to source and manage supply chains during the coronavirus pandemic. The government encouraged companies to work on efficient ways of outsourcing overseas for items direly needed (Frikkee, 2020). With the challenges in place, businesses resorted to delivering directly to customers without engaging intermediaries. For businesses, it may make sense to the suppliers, but the intermediaries find it unfair as it eliminates them out of the regular business. One aspect is the use of technology to advance this. No inventories are included for the concepts, so only the deliveries are kept in track. I would recommend that the middlemen are included to ease the supplies. Most large businesses do not have the resourceful capacity to do all the supp...
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