1,281
28
Essay, 2 pages (350 words)

Supply chain management

Japan’s tsunami effect on Global supply chain management To begin with, the recent tsunami and earthquake that shook Japan have just not affected the economy and peace of the “ Land of the Rising Sun” but also had impacts in various aspects, “ The global supply chain management” being one among them. Looking closely into it would reveal its future affects globally. Japan being one of the world’s largest automotive parts suppliers, has failed many automotive firms through out the world with the inevitable natural disaster. Toyota, Honda, Volvo and many such companies have been victims to this globally affected supply chain management of automotive parts. Many companies have suffered huge losses and some of them have stopped the production for quite sometime. The disaster has caused a rise of imports and a decline in exports of the country, owing to many factors such as physical damage and loss of capital. This in turn has a great affect on the global supply chain management because until Japan completely recovers from this havoc and gets back to the production on a normal basis, all the firms globally that have depended on Japan for their supplies would have to search for other sources which may result in the compromise of quality. This would show the worst affects on firms that have adapted “ Just in Time” strategy for inventory management as they plan to keep just enough sources with no excess inventory. “ The coming days and weeks are going to be intense for supply management professionals”. ( “ The Impact of the Japanese Tsunami on the Supply Chain” ). For my organization, I would make sure I maintain enough inventory and not completely rely on JIT strategy. I would make sure that my supplies come from different manufacturers (at least two) so that when one fails, the other can be of help. I would prepare my strategies for any unexpected disasters that can curb my production potential. I would have a system in place, like an Insurance that can protect my organization against these kinds of natural disasters and see that my organization does not completely run into losses through continuous assessment. Works cited ” The Impact of the Japanese Tsunami on the Supply Chain.” Enterprise Resilience Management Blog. Web. 19 June 2011. .

Thank's for Your Vote!
Supply chain management. Page 1
Supply chain management. Page 2
Supply chain management. Page 3

This work, titled "Supply chain management" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Essay

References

AssignBuster. (2021) 'Supply chain management'. 14 December.

Reference

AssignBuster. (2021, December 14). Supply chain management. Retrieved from https://assignbuster.com/supply-chain-management-essay-samples-2/

References

AssignBuster. 2021. "Supply chain management." December 14, 2021. https://assignbuster.com/supply-chain-management-essay-samples-2/.

1. AssignBuster. "Supply chain management." December 14, 2021. https://assignbuster.com/supply-chain-management-essay-samples-2/.


Bibliography


AssignBuster. "Supply chain management." December 14, 2021. https://assignbuster.com/supply-chain-management-essay-samples-2/.

Work Cited

"Supply chain management." AssignBuster, 14 Dec. 2021, assignbuster.com/supply-chain-management-essay-samples-2/.

Get in Touch

Please, let us know if you have any ideas on improving Supply chain management, or our service. We will be happy to hear what you think: [email protected]