DB FPX8420 Assessment 2 Supply Chain Learning Resources List: We’ll venture into the dynamic realm of supply chain management and its significance for your present and future career goals. Throughout this course, you’ll gain a comprehensive grasp of essential concepts, emerging trends, and pertinent issues in supply chain management, equipping you with the expertise and competencies needed to excel in this field. Our approach involves utilizing peer-reviewed, reputable journal sources to explore current trends and challenges, including sustainability, digitalization, global disruptions, supplier relationship management, and risk management.
DB FPX8420 Assessment 2
These resources have been thoughtfully curated to align with the principles of adult learning, encouraging active participation, critical thinking, and the practical application of knowledge. By incorporating interactive activities and underscoring the real-world applicability of these resources, the aim is to nurture your motivation and provide you with a transformative learning experience that will prepare you for success in the continually evolving landscape of supply chain management.
Major Takeaways in Supply Chain Management
Digitalization and Technology Integration are reshaping supply chains through innovations like the Internet of Things (IoT), Artificial Intelligence (AI), and blockchain. These technologies offer real-time insights into operations, streamline automation, and empower data-driven decision-making, enhancing efficiency and responsiveness in the supply chain (Ageron et al., 2020). Supply chain tactics are changing as a result of the growing emphasis on environmental and social responsibility, which is fueling an increase in demand for materials that are ethically and sustainably supplied, as well as for logistical methods that are ethical. To satisfy the demands of socially conscious customers and legal regulations, businesses are realising how crucial it is to connect their operations with ethical and environmentally responsible ideals (Rehman Khan et al., 2020).
DB FPX8420 Assessment 2 Supply Chain Learning Resources List
Traceability and accountability procedures have been used in supply chains because of consumers’ increased need for openness. By doing this, it is ensured that the ethical standards and product sources are transparent and consistent with changing customer expectations (Venkatesh et al., 2020). Today, improving inventory management, fine-tuning demand forecasting, and optimizing the overall performance of supply chains all depend on data analytics, particularly predictive analytics. It enables businesses to make better judgments and more effective adjustments to market changes (Chehbi-Gamoura et al., 2019).Supply chain strategies are being significantly impacted by ongoing changes in trade laws and regulations, which force multinational corporations to constantly adjust to shifting trade dynamics and legal requirements (Hastig & Sodhi, 2020).
Major Takeaways of Foundational Supply Chain Management
The key to achieving cost-effectiveness and market flexibility is good supply chain network architecture. It enables companies to strike a balance between expenses and shifting customer needs, maintaining competitiveness (Rehman Khan et al., 2020).Maintaining customer trust and reducing defects and waste depends critically on upholding product and service quality throughout the whole supply chain. This focus on quality not only encourages customer loyalty but also lowers costs by reducing rework and refunds (Van Nguyen et al., 2022). DB FPX8420 Assessment 2 Supply Chain Learning Resources List
Related Assessment: DB FPX8410 Assessment 3 Critical Incident Analysis
An organized method of managing projects is provided by the PMBOK framework (Project Management Body of Knowledge). It emphasizes important factors, including resource allocation, risk management, and stakeholder participation. The need for PMBOK to adapt to new communication and collaboration methods has arisen as a result of the developing trend towards remote work and virtual project teams, underscoring the significance of flexible and adaptive frameworks in effectively managing projects (Frederico, 2021).
Understanding significant trends will help MBA candidates succeed in their future employment in supply chain management. Data analytics and adaptability allow for data-driven decisions and the navigation of regulatory changes and disruptions. At the same time, digitalization and sustainability awareness are vital for optimizing operations and meeting customer needs. These developments provide useful abilities for knowledgeable and accountable leadership in supply chain positions (Schniederjans et al., 2019).
Resources for Supply Chain Management
Digitalization and Technology Integration
The impact of digital technology enablers on supply chain management is examined by Attaran (2020). The study emphasizes real-time visibility, automation, and data-driven decision-making to show how technologies like IoT, AI, and blockchain are revolutionizing supply chains. The mechanism for facilitating supply chain management involves integrating digital technologies, fostering sustainability, utilizing data analytics, and employing risk management strategies to optimize operations and ensure efficient and responsible leadership.
DB FPX8420 Assessment 2 Supply Chain Learning Resources List
It discusses the challenge of utilizing and adjusting to these technologies to boost supply chain effectiveness, illuminating a significant development in contemporary supply chain management.
Sustainability and Green Practices
Sánchez-Flores et al. (2020) undertake a thorough literature review on sustainable supply chain management in their study, paying particular attention to emerging economies. The responsibility in terms of social and environmental aspects in supply chain management is to incorporate ethical and eco-friendly practices into strategies, aligning with the growing demand for responsible business conduct. The study highlights the growing significance of social and environmental responsibility in supply chain strategies, which is consistent with the rise in demand for environmentally and ethically responsible sourcing and logistics. It offers details on how firms in developing nations are handling these sustainability challenges in their supply chain management.
Data Analytics and Predictive Analytics
In 2020, Maheshwari, Gautam, and Jaggi explored the function of big data analytics in supply chain management. This resource demonstrates the growing importance of data analytics, including predictive analytics, as a crucial tool for supply chain management optimization. The trend of data-driven decision-making is highlighted in the study, along with its importance in improving inventory management, demand forecasting, and supply chain performance as a whole. It provides information on how companies are using big data to run competitive and effective supply chains.
Efficient Supply Chain Network Design
In their 2019 paper, Diabat, Jabbarzadeh, and Khosrojerdi address the issue of designing a supply chain network for perishable goods. Their study touches on the subject of supply chain risk assessment and emphasizes the significance of taking disruptions into account. It demonstrates the necessity for adaptability and resilience in handling the difficulties brought on by disruptions in perishable product supply chains. It highlights the development of risk management integration into supply chain strategy.
Supply Chain Transparency
The term “supplier encroachment” is examined by Guan et al. (2019) as a strategy to promote supply chain transparency, highlighting the vital importance of supplier collaboration in achieving transparency like DB FPX8420 Assessment 2 Supply Chain Learning Resources List. This resource focuses on how fostering transparency through supplier involvement aligns with the demand for responsible and ethical practices in supply chain management, a key area of study for MBA students, and directly relates to the growing importance of social and environmental responsibility in supply chain strategies.
The resources give MBA students an invaluable understanding of important supply chain management trends and problems that are directly related to their present and future professional contexts. First, they highlighted the revolutionary effects of digitization on supply chains, placing special emphasis on the fusion of IoT, AI, and blockchain technology. For MBA students, a focus on social responsibility and sustainability trends is crucial since it emphasizes the rising demand for goods that are produced ethically and with minimal environmental impact. The resources also emphasize how important it is for MBA students who want to work in international business situations to understand how shifting trade policies and regulations affect supply chain tactics. The focus on supply chain risk management is especially beneficial in the volatile business environment of today (Schniederjans et al., 2019).
Objectives of MBA Students
These resources are acceptable for MBA students since they contribute to the learning goals of the course by supplying the knowledge and abilities necessary for modern supply chain management.
|Resource||Appropriate for MBA Students||Supportive of Course Objectives|
|Attaran, M. (2020)||Provides insights on digitalization and technology vital for MBA students’ understanding of modern supply chain management.||Understanding digitalization, IoT, AI, and blockchain for modern supply chain management aligns with the course’s focus on technological advancements.|
|Sánchez-Flores et al. (2020)||Highlights sustainability trends essential for MBA students aiming to develop ethical and eco-friendly supply chain strategies.||The resource supports MBA students by emphasizing sustainability and social responsibility trends, which are essential for developing eco-friendly and ethical supply chain strategies, a key aspect of the course’s objectives.|
|Maheshwari, S., Gautam, P., & Jaggi, C. K. (2020)||Equips MBA students with data analytics skills crucial for data-driven decision-making in supply chain optimization. Like DB FPX8420 Assessment 2 Supply Chain Learning Resources List||MBA students benefit from this resource as it helps them leverage data analytics for data-driven decision-making in supply chain optimization, aligning with the course’s objectives related to data-driven supply chain management.|
|Diabat, A., Jabbarzadeh, A., & Khosrojerdi (2019)||Develops MBA students’ skills in risk assessment and resilience, vital for addressing supply chain challenges.||The resource is highly relevant to MBA students as it develops skills in risk assessment and building supply chain resilience against disruptions, which directly corresponds to the course’s objectives of equipping students with strategies for addressing supply chain challenges.|
|Guan et al. (2019)|
The resource is appropriate for MBA students as it directly addresses the contemporary challenge of enhancing supply chain transparency through supplier collaboration, a key aspect of ethical and responsible supply chain management.
|It supports the course objectives by highlighting the importance of supplier collaboration in achieving transparency, which is a key element in ethical and eco-friendly supply chain strategies, aligning with the course’s focus on responsible business practices.|
Adult Learning Framework
The adult learning framework is a method of instruction that emphasizes adult learners’ prior experience, self-direction, and practical relevance as essential components of successful teaching and learning. The resources chosen and their intended use are in line with the adult learning framework because they place a strong emphasis on real-world relevance, practical application, and active engagement. This meets the needs of adult learners who are looking for knowledge that is practical, hands-on, and immediately useful because supply chain management in the business context is so important (Narimissa et al., 2019).
Supply Chain Learning Resources List
By tackling significant and interesting real-world supply chain management concerns, they adhere to the adult learning principle of relevance. These tools promote critical thinking, problem-solving, and active participation while emphasizing the practical application of information to meet the urgent needs of MBA students. Additionally, their capacity to adapt to changing fashions is in line with my teaching style, which places a strong emphasis on remaining up-to-date with and sensitive to the ever-changing educational and professional scene (Richey et al., 2021).
Through a variety of motivational techniques, MBA students’ engagement with the chosen resources can be improved. To start, framing the material in terms of actual business difficulties might help students feel motivated to learn the material because it will be used in real-world situations. Additionally, including interactive activities can promote active involvement, stimulate critical thinking, and aid in the retention of knowledge. Examples of these activities are case studies and conversations.
DB FPX8420 Assessment 2 Supply Chain Learning Resources List
Students can be inspired by a clear grasp of how these insights will improve their future employment opportunities by emphasizing how the knowledge learned from these resources matches the changing requirements of the supply chain management industry. Additionally, giving students the chance to investigate these subjects through group projects or simulations can encourage cooperation and practical learning, further increasing their involvement (Richey et al., 2021).
In conclusion of DB FPX8420 Assessment 2 Supply Chain Learning Resources List, the materials chosen for an MBA supply chain management course are in line with the current concerns and developments in the discipline and further the course’s goals. These tools are designed with adult learners in mind by stressing knowledge application, encouraging active interaction, and providing immediate practical relevance. Additionally, the content’s capacity to change with emerging trends shows a dedication to staying up-to-date and adaptable to the fast-paced corporate world.
Ageron, B., Bentahar, O., & Gunasekaran, A. (2020). Digital supply chain: Challenges and future directions. Supply Chain Forum: An International Journal, 21(3), 133–138. Tandfonline. https://doi.org/10.1080/16258312.2020.1816361
Attaran, M. (2020). Digital technology enablers and their implications for supply chain management. Supply Chain Forum: An International Journal, 21(3), 1–15. https://doi.org/10.1080/16258312.2020.1751568
Chehbi-Gamoura, S., Derrouiche, R., Damand, D., & Barth, M. (2019). Insights from big data analytics in supply chain management: An all-inclusive literature review using the SCOR model. Production Planning & Control, 31(5), 355–382. https://doi.org/10.1080/09537287.2019.1639839
Diabat, A., Jabbarzadeh, A., & Khosrojerdi, A. (2019). A perishable product supply chain network design problem with reliability and disruption considerations. International Journal of Production Economics, 212, 125–138. https://doi.org/10.1016/j.ijpe.2018.09.018
Frederico, G. F. (2021). Project management for supply chains 4.0: A conceptual framework proposal based on PMBOK methodology. Operations Management Research, 14. https://doi.org/10.1007/s12063-021-00204-0
Guan, X., Liu, B., Chen, Y., & Wang, H. (2019). Inducing supply chain transparency through supplier encroachment. Production and Operations Management, 29(3), 725–749. https://doi.org/10.1111/poms.13133
Hastig, G. M., & Sodhi, M. S. (2020). Blockchain for supply chain traceability: Business requirements and critical success factors. Production and Operations Management, 29(4), 935–954. https://doi.org/10.1111/poms.13147
Maheshwari, S., Gautam, P., & Jaggi, C. K. (2020). Role of big data analytics in supply chain management: Current trends and future perspectives. International Journal of Production Research, 59(6), 1875–1900. https://doi.org/10.1080/00207543.2020.1793011
Narimissa, O., Kangarani‐Farahani, A., & Molla‐Alizadeh‐Zavardehi, S. (2019). Evaluation of sustainable supply chain management performance: Indicators. Sustainable Development, 28. https://doi.org/10.1002/sd.1976
Rehman Khan, S. A., Yu, Z., Golpîra, H., Sharif, A., & Mardani, A. (2020). A state-of-the-art review and meta-analysis on sustainable supply chain management: Future research directions. Journal of Cleaner Production, 278, 123357. https://doi.org/10.1016/j.jclepro.2020.123357
Richey, R. G., Roath, A. S., Adams, F. G., & Wieland, A. (2021). A responsiveness view of logistics and supply chain management. Journal of Business Logistics, 43(1), 62–91. Wiley. https://doi.org/10.1111/jbl.12290
Sánchez-Flores, R. B., Cruz-Sotelo, S. E., Ojeda-Benitez, S., & Ramírez-Barreto, Ma. E. (2020). Sustainable supply chain management—A literature review on emerging economies. Sustainability, 12(17), 6972. MDPI. https://doi.org/10.3390/su12176972
Schniederjans, D. G., Curado, C., & Khalajhedayati, M. (2019). Supply chain digitization trends: An integration of knowledge management. International Journal of Production Economics, 220, 107439. ScienceDirect. https://doi.org/10.1016/j.ijpe.2019.07.012
Van Nguyen, T., Pham, H. T., Ha, H. M., & Tran, T. T. T. (2022). An integrated model of supply chain quality management, industry 3.5 and innovation to improve manufacturers’ performance – A case study of Vietnam. International Journal of Logistics Research and Applications, 1–23. https://doi.org/10.1080/13675567.2022.2059457
Venkatesh, V. G., Kang, K., Wang, B., Zhong, R. Y., & Zhang, A. (2020). System architecture for blockchain based transparency of supply chain social sustainability. Robotics and Computer-Integrated Manufacturing, 63, 101896. https://doi.org/10.1016/j.rcim.2019.101896