Discussion Post
Objective:
The objective of this project is to provide students with a real-world scenario to practice their understanding of supply chain accounting concepts and principles.
Instructions:
Assume you are getting yourself into a manufacturing business whose products are sold through various outlets across the country. The company is looking to improve its supply chain accounting processes to identify cost savings opportunities and streamline its operations.
Task I: Analyse the current supply chain processes of business
i. Identify the different stages of business's supply chain
ii. Evaluate the current practices at each stage of the supply chain
iii. Identify any gaps or inefficiencies in the current practices
Task II: Develop a plan for business
i. Based on your analysis in Task I, develop a supply chain plan for business
ii. Identify the key performance indicators (KPIs) that will be tracked to monitor the success of the plan
iii. Develop a budget for implementing the plan and estimate the expected cost savings
Task III: Implement the planning
i. Implement the supply chain plan developed in Task II
ii. Monitor the KPIs identified and make any necessary adjustments to the plan
iii. Track the actual cost savings achieved compared to the estimated cost savings
Task IV: Prepare a report on the plan and its impact on business
i. Make a report summarizing the plan developed in Task II and the results achieved in Task III
ii. Identify any further opportunities for cost savings or efficiency improvements in the supply chain accounting processes