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Supply Chain Essay

3135 words - 13 pages

JCT2 - Supply Chain Management
This course supports the assessment for JCT2. The course covers 10 competencies and represents 3 competency units.
Introduction
Overview
In this course, you will be challenged with learning about the integration of activities that comprise a supply chain, from manufacturing goods through retailer sales. Understanding and proactive management of a supply chain is a key skill set for today's business executive.
This course focuses on supply chain and distribution channel decisions within a global environment. The Marketplace Business Fundamentals simulation will provide you with the opportunity to apply, in a setting that simulates a real-world environment, ...view middle of the document...

* Competency 327.1.1: Market Opportunities
The graduate analyzes the market to identify opportunities to gain competitive advantage through marketing activities.
* Competency 329.3.1: International Trade
The graduate selects the appropriate international trade strategy for an organization based on the history of international trade, international trade theories, and theories on foreign investment.
* Competency 329.3.2: Global Operations
The graduate evaluates various types of global business influences and how those influences may determine a firm's global operations.
* Competency 329.3.3: International Strategy
The graduate develops international business strategies.
* Competency 329.4.4: Supply Chain
The graduate organizes the supply chain to create competitive advantage for an organization.
Activities at a Glance Outline
The following outline provides general pacing guidelines for your work through the course and can be printed and used as a quick checklist for your progress:
*  “Supply Chain Management Activities at a Glance”
Course Mentor Assistance
As you prepare to successfully demonstrate competency in this subject, remember that course mentors stand ready to help you reach your educational goals. As subject matter experts, mentors enjoy and take pride in helping students become reflective learners, problem solvers, and critical thinkers. Course mentors are excited to hear from you and eager to work with you.
Successful students report that working with a course mentor is the key to their success. Course mentors are able to share tips on approaches, tools, and skills that can help you apply the content you're studying. They also provide guidance in assessment preparation strategies and troubleshoot areas of deficiency. Even if things don’t work out on your first try, course mentors act as a support system to guide you through the revision process. You should expect to work with course mentors for the duration of your coursework, so you are welcome to contact them as soon as you begin. Course mentors are fully committed to your success!

Cash Budget
The cash budget is for cash planning and control. It presents expected cash inflow and outflow for a designated time period. The cash budget helps management keep cash balances in reasonable relationship to its needs and aids in avoiding idle cash and possible cash shortages. The cash budget typically consists of four major sections:
1. Receipts section, which is the beginning cash balance, cash collections from customers, and other receipts
2. Disbursement section, comprised of all cash payments made by purpose
3. Cash surplus or deficit section, showing the difference between cash receipts and cash payments
4. Financing section, providing a detailed account of the borrowings and repayments expected during the period
Static (Fixed) Budget
The static (fixed) budget is budgeted figures at the expected capacity level. Allowances are set...

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