Interview the owners of five local businesses and ask them how supply chain mana

Question

Interview the owners of five local businesses and ask them how supply chain management has or could enhance their customers’ value; For those small business owners who have a functioning supply chain management system, ask them if they have noticed improvements in cash flow attributable to the system; Ask them what system(s) they use and why they went with these computer packages and Ask them if they have contingency plans for the loss of key suppliers.

Interview the same owners and determine what percentage of meetings they attend they find to be “effective.”; Ask them what constitutes a bad meeting; Ask them what constitutes a good meeting and then Create a "sample" agenda for a meeting with a fellow student who came up with an idea for a new business.

Explanation / Answer

Supplychain management practices has evolved a lot in last three decades. Advanced technologies and work force talent, globalisation has given the new approach for supply chain management. Most of the local business challenges remains same in supply chain design and change in demand and their incapability to forecast it. This results in either shortage of inventory or it get piled up. Some other major issues include:

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