Question
How can I reply to the following peer post and follow it up with a question? Professor and class, Welcome to week 8! Here is
How can I reply to the following peer post and follow it up with a question?
Professor and class,
Welcome to week 8! Here is my initial discussion post for the week. The organization I chose is the vehicle manufacturer, Chevrolet.
How could the organization create more value for its stakeholders?
There are multiple ways that Chevrolet can create more value for its stakeholders. First, the company must maintain an agile supply chain. In a time where we have seen businesses shut down due to a supply chain failure because of the pandemic, Chevrolet must be ready for change. Chevrolet must be able to adapt quickly and be able to change the software development or product development due to supply issues. Also, lean manufacturing practices must be followed. Products that do not add value or increase the amount customers are willing to pay for the end product should not be included in Chevrolets productions. Another topic that relates to lean manufacturing is lean operations in regard to the supply chain. In order for Chevrolet to create more value for its stakeholders, Chevrolet must ensure the supply chain has the correct number of employees and equipment to get the job done, but also ensure that they don't excess.
Which of the four future freight flows should it prepare itself for?
I think Chevrolet should prepare for the Naftastique future freight flow. The Naftastique future freight flow is where there is low global trade and low resource availability. Chevrolet needs to become self sufficient in North America due to the current troubled relations with Russia and China, both of which we do most of our international trade with. Chevrolet must adapt and only depend on itself for all manufacturing procedures, from the electronics to the actual hardware of the vehicle.
What should the organization do to prepare for the future flows?
Chevrolet needs to conduct lean manufacturing and lean production practices and explore companies inside North America that can develop products similar to the ones being developed today. With the inability to rely on outsourcing to retrieve products for their manufacturing processes they must learn ways on their own in a fashion that costs a comparable amount of dollars so that they can continue to make money from their products and remain competitive.
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