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 information above. Account payable 1.) How are payment practices structured to support sustainability objectives in the procurement of materials and components?

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? Credit icons author: https://www.flaticon.com P Lean approach vs. stock? - Reliable & responsive supply chain? - Are your fill rates too low? -Safety stock vs. raise service? - Risk pooling? Balance Sheet G Source & Make 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? Manufacturing -What is the production environment (MTS, MTO, etc.) for our products? What is our production strategy? Account Payable What money is owed this period? What percentage is past due? - How quickly is the organization paying? - 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? 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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