The Chain of Supply and Management (Essay Sample)

Supply Chain Management
Name
Institutional Affiliation
A person’s constant engagement in an activity is termed as a business; alternatively, the practice of regular engagement in activities that are based on commerce is referred to as a business. The actual activities of business vary significantly depending on the perception of the business holders and the clients. It therefore reflects that a complete business takes place on the cooperation of the person doing business and the client interested in the activity. Similarly, efficient business transaction depends upon the language and the non-verbal expressions involved in the firm negotiation plans. The actual activity of engagement in business includes various action plans that in many cases are based on the markets at hand.
In business, markets get essential at defining the particular course of the business activity, for instance, the market opportunities available Carter for a specific product and service then the actual companies that are bound to operate in the specific market locality would support the product. In turn the market gets it satisfaction on the product and services as does the business offering the service. Market location, on the other hand, determines the type of business likely to take place and hence an excellent business opportunity requires strategic locations based on the markets available (Christopher, 2016). There are many concepts involved in business operations; however, the key concepts involving business are the markets availability, product and services production and the consumption of the products and services. The research paper focuses on a company based on food and beverage production to suit a variety of food markets around the globe.
The Kings Choice company was founded in the year 1943 by Charles Kings who was a retired military officer as well as a specialist in food and beverage sector, to aid in making fast foods to the available markets. Around the time of the company’s foundation, the World War 2 was ongoing and hence the decision by Charles to put up a company that would supply fast food to the militants without the worry of breaks to prepare meals for the soldiers. The company therefore focused on the satisfaction of militants upon its foundation. The foods made by the company mostly target busy people who are on the go on daily activities and therefore catching a fast food on the go got it done and saved time. Kings Choice Company has had significant developments since the time of its foundation to modern times.
The company has had better innovational ideas based on the products and services offered as well as improvement in the company’s strategic management. Strategic management in the context refers to the development and implementations of primary goals of a company on behalf of the original owners. The Kings Choice company has invested in the strategic management system to aid in its development and better the services provided to its customers as well as local and international markets (Stadtler, 2015). The system of strategic management hereby reflects to the innovational idea whereby the company employs new managers to assist in improving the company significantly rather than the original owners of the company.
The primary concept behind the strategic management idea in the company, therefore, refers to the involvement of newer and much-experienced people into the system of development. For instance, the strategic management system implemented by the Kings Choice company brings forth new ideas by the individuals who hold the management positions in the company. In turn, the company greatly benefits from the new idea since the old system of operation gets outdone by the new way of operation that yields fourth more profits to the company. The Kings Choice company is not only based on the management skill but also several other strategies and tactics put in place to aid its advancing services to the demanding markets. The company practices a particular upgrading system which includes implementation of new ideas and plans into the system influenced by the feedbacks and frequently occurring customer orders to the company.
The strategic upgrade system therefore aids in the development of the company as well as improvement of the products following customer feedback on the services offered. The company improves its services to match the existing markets and cater for new opportunities in the existing technology; the tactic helps the company realizes weak points in its services and hence put up new ways to meet the market’s demands and therefore incurs profits. The upgrade tactic system implemented by the company widely operates based on the customer’s perception and preference on the products and services offered by the company. On the circle of business the customer and the market turns out to be the major concept that defines the absolute course taken by any business operation (Monczka, et al. 2015). It therefore implies that for the prosperity of any business activities the customers should get the full attention of the available products and services offered by the businesses.
For the reason the Kings Choice company has devoted a lot of attention to the customer services and market investigation tactics that ensure the perfect services to the customers as well as best products to the markets. Customer services include the best transaction rate of the products and services offered by the company as well as quick delivery services that suit the customers’ needs significantly. The customer service operation of the company explores the needs its customers and recommendation suggested by the customers to aid in improving services. The tactic implemented by the company on its customer turns out vital at ensuring full attention and cooperation of the customer having based the clients as the key point of operation. The market investigation technique of the Kings Choice company also runs to boost substantially the services offered by the company to the demanding markets at hand.
For a start the company investigates a potential market with the aim of realizing its full potential and needs that would connect it to a business. After that, the company drills deeper into the specific needs of the markets that favor the products and services offered by the company, in that way the Kings Choice company gets the full plan on how to counter the demands of the markets considerably. The third step in the market investigation tactic of the company is tactical production strategy to fit the market. The Kings Choice company adjusts its production and products appropriately to fit the specific demands of the company, by doing its adjustments the company ensures that its roots get attached firmly to the markets that are available. The market capture strategy of the Kings Choice company turns out a perfect following the vivid fact that the style ensures full cooperation between the company and the markets.
In turn significant profits get realized by the company as well as the markets realizing a significant satisfaction from the products and services offered by the business. Successful business requires frequently changing strategies to aid in its development and also to assist the business maintain its course in the specific sector of interest. Markets on the other hand turn out to be significant in the development of a business and hence the basic plan for a starting business (Wisner, et al. 2014). The Kings Choice company has developed significantly over the times since its foundation following its doubted commitment to the satisfaction of customer and markets it has held over the time.
The supply chain is a system of moving products and services from the point of production to the point of consumption based on the mode in use. In business operation, the tactic of supply chain turns out to be important for the development of the relations between the company and the clients as well as the market held. Supply chain strategy, on the other hand, is a specific plan laid out to aid in the processes of production of services and consumption of the produced goods by the available markets and clients at hand. The strategy of supply chain helps determine a variety of related concepts of business operations since the actual transportation of goods and services from the point of production to the point of consumption in the markets that have been held by the particular business turn out to be vital to the continuity and smooth operations of business activities. The Kings Choice company on the hand implemented the tactic of supply chain management greatly and in turn, has realized great changes in the relations of the customers and associated markets from the services and products offered.
Supply chain management on the terms of business refers to the specific control techniques put into place to ensure the operations of supplying goods and services run appropriately and efficiently to the benefit of both the clients and connected markets. The Kings Choice company has developed a specific supply chain management system that ensures smooth movement of goods and services from the point of production to the point of consumptions desired by the demanding markets. Following the company’s management system, the supply chain strategy involves a critical concept of time (Oliver, 2014). The time factor in supplying goods and services proves vital since the company runs on time limited operations and therefore requires good time management to accomplish requested transactions. On the other hand, the concept of time turns out important since the company’s products need to be transported and delivered on time to avoid expiration before consumption.<...