Order Now Order Now
Login / SignUp
Order Now

Home Free Essays

>>

All Subjects

>>

Business And Management

>>

Resource Planning

Resource Planning

Download

Resource Planning

[Name of the Writer]

[Name of the Institution]

Resource Planning

Proper planning and execution of strategies is the key to the success of any business. Some of the primary strategies or the procedures that are used by the organizations to run its operations and processes smoothly are inventory management, supply chain management and Just in time Inventory (JIT) (Christopher, 2016). All these practices help a business to plan its products and inventories in a proper manner and forecast the needs and demands of the products and side products in a better way.

One of the excellent examples for the prediction of the need for products and raw material in a global business scenario can be seen in the form of the strategies adopted by Samsung. Samsung Technologies is one of the largest producers of technological products, including mobile phones, laptops, smartphones, tablets, and electronic appliances like TVs, etc. Taking the example of a specific product, the main or primary product produced by the technological giant is the smartphone, and the side products that support the functioning of this product are headphones, headsets, and chargers. There is a wide range of supporting products as well that is produced and sold by the tech giant, including wired and wireless headphones and headsets. In addition to this, Chargers are also available in a range of wired and wireless charging pods.

The company keeps a strict check and balance on the inventory of these supporting products, whether they are in raw form or in the shape of the finished product. Samsung has strict inventory management policy, and thus it keeps most of the raw material of its products in-house so that it does not have to keep waiting for its vendors or suppliers for the delivery of raw material. Only 20% of the raw material for the companies’ products comes from outside the company, which is handled by its vendors and suppliers (Mo Yang, et al., 2007). Hence the tech giant can be seen using the techniques of JIT, and SCM in a very smart manner.

References

Christopher, M. (2016). Logistics & supply chain management. Pearson UK.

Mo Yang, H., Seok Choi, B., Jin Park, H., Soo Suh, M., & Chae, B. (2007). Supply chain management six sigma: a management innovation methodology at the Samsung Group. Supply Chain Management: An International Journal, 12(2), 88-95.

More Subjects

Education

(5614)

English

(2294)

Business And Management

(1760)

Healthcare And Nursing

(1684)

Psychology

(929)

History And Anthropology

(743)

Sociology

(572)

IT

(446)

Education

(429)

Finance, Accounting And Banking

(419)

Philosophy

(347)

Political Science

(310)

Law And International Law

(308)

HRM

(300)

Economics

(288)

Biology And Life Sciences

(267)

Literature

(249)

Marketing And PR

(238)

Culture

(140)

Environmental Science

(109)

Geography

(92)

Statistics

(64)

Maths

(53)

International Relations

(44)

Physics

(30)

Chemistry

(25)

Capstone

(8)

Project Management

(8)

Reflective Thinking

(7)

Critical Review

(3)

Linguistics

(3)

Critical Appraisal

(2)

BUS 2090

(2)

English 12 Drama

(1)

Business Information Technology

(1)

Operational Plan

(1)

Corporate Finance

(1)

L2 Photography And Design

(1)

Food Nutrition

(1)

Leadership

(1)

Nursing

(1)

MBA

(1)

Social Enterprise Project

(1)

Government

(1)

Our tools

Essay typer Grammar Checker Plagiarism Checker Citation Generator

Useful Links

Free Essays About Blog

Contact me

info@freeessaywriter.net

If you have any queries please write to us

Join our mailing list

Invalid Email Address!
Thank you for joining our mailing list

Please note that some of the content on our website is generated using AI and it is thoroughly reviewed and verified by our team of experienced editors. The essays and papers we provide are intended for learning purposes only and should not be submitted as original work.

@ All Rights Reserved 2023 info@freeessaywriter.net

Privacy Policy Terms of Service Use Contact
Back to top