Video Case – Supply Chain Management at Regal Marine

VIDEO CASE SUPPLY-CHAIN MANAGEMENT AT REGAL nautical 1. What other techniques might munificent oceanic use to improve l decease chain management? Answer The other techniques might purplish oceanic uses to improve supply change management are as follows * Allowing the provider to become part of the connection coalition. Specialization utilizing the efficiency and knowledge of persons specializing in supply chain management * Virtual company relying on a variety of supplier familys to break the point of intersection is produced on time and within the demands of the customers * Using the latest computer and transmission technologies to schedule and manage the encumbrance of parts in and finished products out, would help to increase the efficiency of the company. 2. What winning of response might members of the supply chain see from purple devil dog in response to their partnering in the supply chain?Answer royal Marine expects continuous innovation and high quality pe rformance to ensure that the last(a) goods and services reach customer satisfaction. The members of the supply chain expect that the expectations of Regal Marine transfer into a chain of suppliers that focuses on increase value and quality. They can expect loyalty from Regal, and the suppliers can gain prestigiousness by representing the high-quality products which Regal Marine produces, which can result in take in margins.Suppliers can also largely benefit from economies of scale and learning curves, simplification the production cost. 3. Why is supply chain management important to Regal Marine? Answer Supply chain management is about integrating of activities that procure materials and services and transform them into the final product of the company. Supply-chain management enables Regal Marine to compete in a multibillion-dollar industry, and helps it to differentiate its products from competitors (e. g. rocure materials and services, transforming them into intermediate goo ds and final products, and delivering the final products by means of a distribution system). As Regal Marine spends a large portion of its revenue on purchases, supply-chain management provides the company with the opportunity to work on closer long-term strategic relationship with key suppliers. Supply-chain management allows Regal Marine to increase its competitiveness via product customization, high quality, cost reduction and speed to market.Therefore, as a result, Regal Marine has been able to reduce costs while improving quality, responsiveness and innovation. Thus, its effective and efficient supply-chain management enables Regal Marine to differentiate its products through quality, innovation, unique features, up-to-date technology and responsiveness. Regal Marines modern approach to supply-chain management not only benefits the company but the end user as well.