Module review 1 Essay Example | Topics and Well Written Essays - 750 words

Module review 1 - Essay Example In the event, that the products are perishable, the uncertainties may result in losses caused by product damage. Notably, possibilities create complexities in operating commodity recovery networks especially in reverse flow. For example, an untimely breakdown or an inaccurate customer forecast can cause a shortage in product availability and the meeting of customer demands. Essential elements of supply chain management comprise of communication, advantage, efficiency, innovation, collaboration, and risk management. All the components to promote sustainability of the process (Altekar 2005). The following explains functions of each component. Communication helps in passing of information across departmental stores, suppliers, sellers, and manufacturers. A comprehensive communication channel enables awareness of potentials and uncertainties thus improving supply. Manufacturing and geographic postponement refer to business strategies that help firms maximize benefits while minimizing possibilities of losses. In this context, a company delay investment until the final phase the opportunity appears viable. Hence, the manufacturing and postponement refer to the measured actions by a firm to adjourn production or distribution of a commodity to the market until they receive an order from the potential customer. Geographic postponement helps in minimizing incidences of wrong production (Altekar 2005). In addition, the delays help reduce cases of deploying incorrect inventories by a corporation. In common, the business and logistics frameworks help in the reduction of anticipated risks in the product supply chain. The most notable example of the strategy includes Dell corporations build to order business online market approach. The company assembles or manufactures electronics based on the quantity of products ordered by the customers. Therefore, De ll Company reduces the risk voluminous production and supply