Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The outside reading entitled, 5 Ways to Built a Top-Performance Supply Chain, by Matthew J. Rowan, gives a brief outline in how to build a

The outside reading entitled, "5 Ways to Built a Top-Performance Supply Chain, by Matthew J. Rowan, gives a brief outline in how to build a successful and or top performance supply chain. Assuming that this outline was properly implemented, the impact it would have on the company is nothing to out of the norm. To build a top performing supply chain you need to be able to align capital investments with strategic priorities, enforce the standardization of supplies, control the amount purchases made by an organization, focus their labor resources on patients, and lastly be self efficient by doing things yourself very carefully (Rowan, 2012).

When you choose to do it yourself can also have some back lash on the company and also impact the company very badly. When things are done through contractor they have set prices in which you chose what you want to opt into or not. When you chose to do it on your own you have to take into consideration excess funds that might be spent on things that are not essential or needed. This will also affect the cash flow based on each item used and other fees need to be recorded in the financial statement (Rowan, 2012). Being able to save money and utilize the supply chain within a company is beneficial and it improves the efficacy of the company in the long run. Money can be saved and spent elsewhere that it is more necessary. For example, improving and trying to better patient services within the organization.

comment on the above discussion?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2019

Authors: Jeanette Landin, Paulette Schirmer

5th edition

125991707X, 978-1259917073

More Books

Students also viewed these Accounting questions

Question

Discuss essential concepts of family therapy.

Answered: 1 week ago

Question

2. How do I perform this role?

Answered: 1 week ago