Supply Chain

Supply Chain

Strategic planning for,” the supply chain process requires a great deal of attention and it is essential for Riordan’s success.” (papercamp.com, 2012)The supply chain process fundamentally involves the conversion of supplies into a finished product, the course of materials from suppliers, and the distribution of products to customers (Chase, Jacobs, & Aquilano, 2005). An ability to be innovative in transforming Riordan’s supply chain process will allow the organization to become and remain competitive in the industry. Companies are continuously seeking supply chain services which will enhance its overall efficiency, which in turn, will drive in more revenue while gaining a competitive advantage (Chase et al., 2005). To evaluate and ensure progressive efforts with the organization’s strategic planning or their supply chain Riordan will need to consider all aspects of competition strategies scheduling, market entry and delivery.

The approach that might be advantageous can employ outsourcing on a global scale. Outsourcing can allow the company to seek more economical options as it relates to operations and the supply chain. Outsourcing can protect and control utilization of resources and avoid the exhaustion of the organizations scarce and most valued resources. Further, it leads to more profits, increased shareholder value, greater efficiency and better services (Jain & Swarup, 2011). The advantages of out sourcing are two-fold. Out sourcing would allow global distribution by taking advantage of retail markets and reduce operational cost. Incorporating a process for procurement may assist in strategic planning with the supply chain process. A procurement process plan would assist with the organizations focuses on quality and quantity as it relates to time, location, and proper sources (Chase et al., 2005). In addition, a procurement process would highlight the constraints on supply, by ensuring that orders are completed...