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Saturday, April 27, 2019
Module 1 Essay Example | Topics and Well Written Essays - 250 words
Module 1 - Essay ExampleAs opposed to the anticipatory pose that relies heavily on forecasts and plans, the responsive model is dependent on the prevailing circumstances and conditions in the market. The reactive model gains popularity due to the changing prove and preferences of consumers. Consumers prefer customized goods and services that they keep ordering at undefined times. Therefore, it is difficult for a firm to dupe profits while relying on projections of the change patterns of the consumers. Based on market research, companies can identify lively gaps in the market and move swiftly to fill them. Therefore, a responsive model currently finds popularity in the contemporary world due to the dynamics of demand.The rising disagreement in demand causes uncertainty in logistics and complication in the supply chains networks. Today, companies face longer lead times and substantial variability leading to increased costs of inventory as firms buffer their stocks. There is a chal lenge of communicating changes in demand to the transporters and suppliers, and this makes the management of costs even harder. Therefore, a consolidated view of transportation and logistics at heart the supply chain is imperative to adopting the right model in operation.Manuj, I., Omar, A., & Pohlen, T. (2014). Inter-Organizational Learning in Supply manacles A Focus on Logistics Service Providers and Their Customers.Journal of Business Logistics, n/a-n/a.
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