Answered: AI & ESG Initiatives How AI Could…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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AI & ESG Initiatives How AI Could Empower Any Business | Andrew Ng | TED (https://youtu.be/reUZRyXxUs4?si=yCTcCG3iIn_0wTA7) SEP (https://sep4sdgs.mfa.go.th/en/page/sep-application-in-thailand?menu=5d6bd9a415e39c1868002d5e) UN SDG 17 (https://sdgs.un.org/goals) ESG The New Supply Chain Imperative (https://lsc-pagepro.mydigitalpublication.com/publication/?m=60969&i=747463&p=52&ver=html5) Please note that the canvas designed should have guiding questions in each block. Apply your canvas to only 1 business of the following company: EGAT Business Group (https://www.egatbusiness.com/media.php?lang=EN#brochure) Based on the information above. Cost improvements 1.) How does EGAT identify opportunities for cost improvement while maintaining a commitment to sustainability?

Transcribed Image Text:* Strategok Supply Chain Management Canvas Plan Efficiency (Eliminate or Reduce) Design Supply Chain Design - How many warehouse and factories should you have? - Where should they be located? -How big should they be? Supply Chain Analytics How is your organization performing? What did it happen? What will happen? How can we make it happen? Fixed Assets - What is your assets turnover? -What are your bottleneck operations? -Outsourcing strategy? Capital budgeting? -Should you make a facility expansion? Supply Chain Planning DEMAND PLAN What is the market plan? - Product/brand plan? - Sales plan? - Sales forecast? CE Promotion plan? Master scheduling plan? - Capacity plan? - Purchasing plan? - Production plan? - Resource plan? Inventory plan? Distribution plan? -Warehouse plan? - Transportation plan? SERP/IT Material Requirements Planning (MRP)? Warehouse Management Sustem (WMS)? - Labor Management System (LMS)? Transportation Management System (TMS)? - Supply Chain Optimization Software? -Supply Chain Analytics Software? Inventory - What to stock Is your investment too high? -In what quantities to stock? - Where to stock? Lean approach vs. stock? - Reliable & responsive supply - Are your fill rates too low? -Safety stock vs. raise service? - Risk pooling? Credit icons author: https://www.flaticon.com Balance Sheet P Source & Make G Procurement & Sourcing - How do you optimize the purchasing price? - How do you optimize the operational costs? - How do you optimize the transaction costs? IBC What is the classification of your purchasing materials requirements? What is the strategic positioning and action plan? Account Payable What money is owed this period? What percentage is past due? - How quickly is the organization paying? chain?- What percentage of accounts is not meeting terms? What is the value of overdue accounts? - Which vendors are problematic? - What is the average/weighted average days past due? Manufacturing - What is the production environment (MTS, MTO, etc.) for our products? What is our production strategy? Deliver Warehousing - What storage systems? What material handling? - What putaway strategy? Which order types? - What removal strategy? What picking strategy? - How do you control inventory? Transportation What is the modal mix? - What is the right packing? What is the right number of carriers? -Should we have our own fleet? - What is the right fleet size, equipment mix, and location? How many routes should we have? Cost Improvements - Procurement savings? - What is the inventory carrying costs? -Total fulfilment cost? - Total supply chain costs? - Lean waste costs? -Reverse logistics costs? - Cost Of Poor Quality (COPQ)? - What is the cost-to serve? - What is the supply chain carbon footprint & GHG emissions? CUSTOMER Supply Chain Segmentation - What is your product or/and market segmentation? -What are the segmentation attributes? -Efficiency vs. Responsiveness? Quality & Returns - What are our differentiated quality process? -How are we managing complaints? -How do we manage supply chain risks? - How do we minimize returns impact? Service Level Improvement - How responsive is the company? - How flexible? - How adaptable? Profit & Loss Account - #² (Create or Raise) Value

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