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Supply Chain Management Capstone

517 Words3 Pages

In the course LGMT 691 Logistics and Supply Chain Management Capstone, for activity 7.2 BOK Matrix, the assignment was to research how a U.S. manufacturer can successfully manage supply chain risks by utilizing project management techniques. Although a supply chain consists of the variety of parties involved, a supply chain manager not only needs to know the core competencies in supply chain, but he/she needs strong skills in management, communications, and an understanding of project management backgrounds in order to manage supply chain risks.

Knowledge Application/Area: Project Management
This research paper fits within the knowledge application area of Project Management that is critical parts of the supply management.
Monczka et al. (2011) states that “project management is a valuable skill for supply chain managers to have because more and more work is being structured as projects” (p.277). Due to the increasing complexity of the business environment increases, managing …show more content…

However, the real world is so complex because of the dynamics and uncertainty embedded in a variety of environmental parameters, such as market demand, supply of raw materials, price of raw materials and finished products, the transportation and delivery time, production processing time, and budget (Zhuang, Xu, & Gangshu, 2014).
In addition, one of the most complex issues in international business is the risks that the companies must face. The company must acknowledge that there are a number of risks that the company faces when engaging in international business.
By analyzing the data based on different risk management processes:
1. Most of the businesses were found to be focused on risk identification activity – 35% (Ghadge, Dani, & Kalawsky,

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