Securing Higher Grades Costing Your Pocket? Book Your Coursework Help at The Lowest Price Now!

  • +1-617-874-1011 (US)
  • +44-117-230-1145 (UK)
Online Customer Service

MGMT6004 Performance Management: Accuracy in Value Chain System

  64 Download     📄   20 Pages / 4874 Words

Write about the article "Value of supply disruption information and information accuracy".

i) Critically appraise the significance of the research from your chosen Journal article.

ii) For an organisation with which you are familiar, discuss how the issues appraised in part (i) apply to that organisation.
ii) For the issues appraised in part (i) and assessed in part (ii), what other.

Answer:

Introduction 

With the ramified economic changes and increasing complexity of business process system, many organizations are coming up with several research methods and analysis program to make their existing supply chain management process effective. In this report, critical analysis has been made on the value of supply disruption information and information accuracy at large in the business functioning of organizations. This report has provided a critical understanding on value of supply disruption information and information accuracy and reflected how company could mitigate its value chain problems to increase its overall productions in the market. There are several research program have been implemented with a view to identify how important it is to implement value of supply disruption information and information accuracy.


This article has put emphasis upon the value of supply disruption information and information accuracy. It is evaluated that with the changes in the business functioning of organizations and complexity of environment, many organizations are facing several problems in maintaining value of supply disruption information and information accuracy.  In this study, focus has been made on the disruptive information which influences the value of supply disruption information and information accuracy in the local companies. This research has put emphasis upon supply chain risk management and value of supply disruption information using both quantitative and qualitative information.  However, this research has been undertaken to evaluate the modeling formwork’s in which newsvendor model is used to calculate the value of supply disruption information in the local organizations. This model framework not only disturb the estimated disruption influence on the main suppliers but also used various key intents such as actual profit realized, estimated delivery amount, unit production cost and unit penalty cost from the multiple suppliers It is evaluated that model framework approach has been used to identify the optimal purchase amount from the resilience capacity in order to maximize the focal company’s profit. In addition to this,  there is valuation of the value of supply disruption information and information accuracy has been made by computing the estimated delivery amount from the supply networks based on disruptive information(θ: q θ). It is further observe that this article has used various qualitative data by implementing various modes and methods to analysis various process outcomes and effective results in determined approach. In this article, various graphs and tables have been used which reflects how value of supply disruption information and information accuracy which are the key intent of implementing effective value chain activities of organizations. This journal article on value of supply disruption information and information accuracy reflected that benefits arise from the value chain activities may be misleading if there are increasing information errors and negative results are shown regarding the particular working process. It is evaluated that in this paper complete adamantine study has been prepared on the factors that influence the value of supply chain disruption information and provide how information accuracy plays a very influential role in establishment of effective value chain activities. In addition to this, an analysis has been made to evaluate three scenario of property by considering high- impact disruption, medium impact disruption and low impact disruption.  This has shown how well company could increase the effective of its business functioning by undertaking variability of information errors on VOI methods. Numerical analysis of value of supply disruption information and information accuracy has been made by using graphs and tables which reflects that VOI is more sensitive to o σε in different circumstance where π α ≤ than when π α > . When π α >, the value of the disruption information changes only slightly with σε. Comparatively, when π α ≤, the value of the disruption information decrease. However, this article does not contain the secondary resources data which could support accuracy of information. After that, in the end of this article, interaction effect of the variability and mean of the information error on VOI has been taken into consideration which aims to showcase how the mean and variability of the information errors influence the value of supply disruption information and information accuracy. Resilience capacity is also one of the measure factors which have been analyzed in this article to reflect the significant impact on the value of disruptive information and its accuracy while using it in the business functioning of organizations. The main problems which have been identified in this article is related to the assumption taken while determining the Resilience capacity and variability of the information errors influence the value of supply disruption information and information accuracy.  It is reflected that information error follows a particular level of truncated normal distributions which must be further followed by another asymmetric ones. In this article, a complete study has been prepared to evaluate value of supply disruption information and information accuracy has been made by computing the estimated delivery amount from the supply networks based on disruptive information(θ: q θ).  However, it could be inferred that the article has shown various measures and tools to evaluate all the problems value of supply disruption information and information accuracy in the value chain activities of organizations. In addition to this, appendix and other documents have been attached which reflects that company reflects the supporting calculations and other details for evaluating the drawbacks and shortcoming of this study.

Conclusion 

After analyzing this article, it is evaluated that if companies do not use proper level of information in its value chain activities then it will surely hamper the management of production process system and will also increase the overall production cost at large.  In the end of this article, the conclusion and recommendation which is given is not sufficient to justify the whole research and methodologies sued to compute VOI. There should be more weightage of words which authors of this article should take care while concluding this article. Now in the end, it could be inferred that if proper level of conclusion and recommendation have been used then it would have increased the efficiency of this value of supply disruption information and information accuracy process system.

Issued related to value of supply chain disruption information and provide how information accuracy in Aptar Beauty Home Company

 After that, study has been prepared to analysis the impact of this supply disruption information and information accuracy on the value chain activities of Aptar Beauty Home Company. It is a solution partner of packaging delivery systems and indulged in dispensing system to the beauty, personal care and home care products and services around the globe. This company has complex value chain activities in which various functions are performed and using of effective value of supply disruption information and information accuracy will increase its overall productivity and efficiency of business at large (Fredendall and Hill, 2016). Afterward, in the end of this report, recommendations have been given about how Aptar Beauty Home Company could use value of supply disruption information and information accuracy for the betterment of value chain activities and mitigating possible drawbacks and shortcoming in its supply chain. However, if company does not have clear line of value process system and have supply disruption information and information accuracy problems in its business functioning then it will surly hamper the quality of products and services offered by company to its clients. It is further observed that these levels of supply disruption information and information accuracy problems will also put negative impact on the enterprises resources planning of company. This system establishes automation in the value chain activities and supply chain management system. For instance, if products quantity of company reaches the EOQ then there will be generation of automated message delivery to vendors (Straub, 2014). If there is no proper flow of information and low accuracy then it will surely increase in chances of mistakes and placing wrong orders with vendors. These critical problems will not only increase the overall cost of production of all these beauty products due the high blockage of money and increasing cost of capital but also hamper the efficiency of business functioning. However another issues in this article is related to the non-effective computation problems. It is determined that if organizations follow graphs chart and tables then their interpretation is also required for the better understanding in determined approach (Rousselier,  and Luo, 2014).

It is evaluated that if company has proper level of supply chain management. There are several research program and other details have been taken into consideration which undertakes all the required level of information and details for the positive level of disruptive information in determined approach. Thus, the companies which are having high resilience capacity, obtaining quality of information and effectively copping up with various disruptions and process system will reflect effective value chain activities at large (Cheng, et al. 2014).

Aptar Beauty Home Company needs to evaluate all the possible problems and mistakes in the value chain activities of organizations. For instance, if proper level of information flow is not maintained and company make changes in its existing value chain activities on the falsified information which it collected from primary and secondary sources then and other methods used in this article then it will surely decrease the effectiveness of Aptar Beauty Home Company production process. In addition to this, the key issues which arise due to s supply disruption information and information accuracy on the value chain activities is related to the wrong financial data implication and increased productivity cost (Ellram, and Cooper, 2014). If a company rely on the falsified information then it will not only increase the overall production cost but as well reflects that company had not been performing efficiently.  However, instead of using VOI approach and model matrix approach, Aptar Beauty Home Company could also use other graphs and trend analysis to identify its associated problems and mistakes in determined approach.  Ideally, Aptar Beauty Home Company would face problems related to establishment of enterprises resources planning and company’s efficiency functioning. If these level of problems and mistakes related to supply disruption information and information accuracy is found then it result to destruction of business in long run due to non-effective strategic planning. Each and every organization needs to understand that important of supply disruption information and information accuracy for the betterment of production system of organizations. Nonetheless, there are following problems are faced by company such as low level of productions, less efficient business, miscommunication and mistakes in the process functioning of organizations (Newbold and Marten, 2014). However, Aptar Beauty Home Company is having a big supply chain in which its products and services are transferred from one place to another business unit. For instance, if a company is having a proper level of supply chain management then these types of supply disruption information and information accuracy problems may be mitigated in determined approach (Brandon?Jones, et al. 2014).  These accurate information and details will be used by key managerial persons of Apta Beauty Home Company to make changes in its existing value chain activities and formulate strategies. Aptar Beauty Home Company has been following simple supply chain in which it has been using enterprises resources planning to make automation in placing orders and selling goods t clients. It start with sending message through its cyber system when raw material in stocks reaches a certain level. Therefore, by using proper level of supply disruption information and information accuracy by the management department of company, it is required to implement all the activities as per the required level of standard which clients ask from the organizations. It is further determined that if falsified information is used in placing orders with vendors and management of work of clients then it will surely increase the overall burden of company in managing the value chain activities in determined approach (Blackshear, Gendreau and Chang, 2015). The main impact which could be observed on the business functioning of Aptar Beauty Home Company due to the supply disruption information and information accuracy is on the economic order quantity and holding stock level. However, these misleading data provides the deficiency of company in managing finance in the business. For instance, if company do not have proper level of stock consumptions and raw material engaged in production process then it will surely increase the overall cost of capital. It is required to understand the accuracy in quantity required for the particular cosmetic products and determining per unit cost of all the products sold in the market (Delen and Demirkan, 2013). Ideally, these all types of information is managed by cost accountant but with the increasing ramified changes in business process system, line manager and appointed authority could use VOI analysis and Model framework approach to determine the accuracy of information collected from various source (Wang, et al. 2014). The complex business functions and various data collection sources such as primary and secondary sources have resulted into availability of information. Management department of Aptar Beauty Home Company could use VOI analysis sand Model approach to establish accuracy of the information collected. In addition to this, there are other several tools such as regression analysis, intercept approach and implementing data analysis process to evaluate the worthiness of supply disruption information and information accuracy and effectiveness of information collected at large (Wang, et al, 2014). Therefore, it could be inferred that with the divergent thinking process in determining the supply disruption information and information accuracy in the supply chain activities of organizations, many key managerial persons and associated employees are using complex methods and analysis approach to set up the accuracy of information collected for the supply chain management of organization. However, there are several activities in which supply disruption information and information accuracy is determined such as processing, logistics, transportation, distribution channel and determining the level of key management system of organization. It is observed that if company could implement data management system in its supply chain management then it would not help organization to analysis and evaluate all the collected data in effective manner. However, implementation of data management system in the business functioning and supply chain management may require high amount of cost and  positive changes in processing, logistics, transportation, distribution channel in determined approach. It could be inferred that if MIS system is the back bone of supply chain management (Ramanathan, and Gunasekaran, A., 2014). This computer based information system is used to get feedbacks and accurate data from the internal and external factors. This will increase the overall productivity of organization but also make smooth functioning of process system in given manner (Ross, 2013). The VOI method could help Aptar Beauty Home Company to establish accuracy in the given system but also reflects the increasing level of efficiency in book keeping and data recording system of supply chain management. Nonetheless, use of VOI is more sensitive to o σε in different circumstance where π α ≤ than when π α > . When π α > , value of supply disruption information and information accuracy at large in the business functioning of organizations only slightly with σε. Comparatively, when π α ≤, the value of supply disruption information and information accuracy decrease (Waller, and Fawcett, 2013).  This methodology reflects the positive co-relation between information accuracy and value chain efficiency of supply chain of company. Therefore, it could be inferred that effective value of supply disruption information and information accuracy requires efficient information system which align and help company to execute organizations plans with clients, vendors and collaborate in-house system and outside ventures (Cao, Mazière, Danas, and Besson, 2015).

Recommendation 

In this part, it is determined that how an organization could enhance the efficiency and supply disruption information and information accuracy in the supply chain management. It is evaluate that Aptar Beauty Home Company is accompanied with complex set of activities in which various functions are performed on the basis of collected data and information. It is identified that if company wants to increase its productivity and efficiency of its value chain system and supply chain management then it should implement cyber system associated data management system (Qrunfleh & Tarafdar, 2014). This system will provide online data to its employees and vendors to discharge their assigned work in determined approach. Data management system is computer based system which could be used by organizations to transfer the data into information. In addition to this, company should also use data analysis system which could enhance the accuracy of value supply information accuracy (Tan, et al. 2015). If the proper level of information is managed in organizations which has less deficiency and distraction in collected information then it will increase the overall efficiency and productivity of organization (Volk, Stengel, and Schultmann, 2014). Another recommendation which could be used by Aptar Beauty Home Company is to appoint line manager who will record and collect data of particular business units. After that these collected information will further use by key managerial persons to make increase the effectiveness of collected information(Mangan & Lalwani, 2016). However, the best supportive method is related to implementation of new cyber system which will increase the effective value of supply disruption information and information accuracy. In the end, it would be inferred that if key managerial person would follow proper data collected method such as using primary sources ( direct interview with vendors and other stakeholders, observation and feedback forms) then it will increase the overall value of supply disruption information and information accuracy (Ha, et al.2014). Aptar Beauty Home Company being highly complex organization require a systematic dynamic management information system in which various data would be included. This process will help Aptar Beauty Home Company to increase the efficiency of company. In addition to this, company could also bifurcate its all the data after following proper level of VOI and Model framing method.  This reflects that Aptar Beauty Home Company should undertaking variability of information errors on VOI methods (Fernie and Sparks, 2014).  Numerical analysis of value of supply disruption information and information accuracy has been evaluated by using graphs and tables which reflects that VOI is more sensitive to o σε in different circumstance where π α ≤ than when π α > . When π α >, the value of the disruption information changes only slightly with σε. Comparatively, when π α ≤, the value of the disruption information decrease. This level of method and process system helps company to increase company’s information accuracy. However, double entry procedure could also be used by Aptar Beauty Home Company to increase the effectiveness of collected information while determining the accuracy and correctness of information (Vlachos, 2014).For instance, If Aptar Beauty Home Company collects the statistical data from government official gazette then it should also consider other information’s given on general sources on net. Management information system is one of the effective method which could be used by employees to measure and collect the data from cyber system (Wang, ET al.2016). With the help of newly introduced Management information system, Aptar Beauty Home Company could easily establish co- relation between data shown in its internal business functioning and other data shown from official gazette. Moreover, enterprises resources planning is also one of the measure method which should be implemented by Aptar Beauty Home Company in its supply chain management. This will surely increase the productivity and efficiency of business at large.  It is further evaluated that if Aptar Beauty Home Company could implement proper level of enterprises resources planning in effective manner then it will surely enhance the quality of information and error free decision.  Company could have error free information in its business functioning only when it implement cyber managed could computing management. For instance, if company could put their details on clouds then automation in updating details will surely increase the supply disruption information and information accuracy in the supply chain management (Zhou, et al. 2014). The step which management department of company could use in supply disruption information and information accuracy in the supply chain management is to use install new internal control system.  In this system, two to three people will be hired to make quality check for the collected information (Mangan, and Lalwani, 2016). This process system will increase the accuracy of the information collected and will enhance the use of gathered information. In addition to this, company could also use five stages technical accuracy check program to increase the accuracy of the information collected in its supply chain management. In the first instance, back up or base of the data collected would be evaluated. After that, manual check will be implemented by the five employees that whether the collected data reflects the true and fair view of the subjects (Ganesh, Raghunathan and Rajendran, 2014). After that, with the help of enterprises resources planning and Management information system will increase the overall productivity and accuracy of information collected. After that, in the end of all the process implemented by Aptar Beauty Home Company, VOI method and model frameworks could be used to increase the accuracy of the information and data collected at large. This article has reflected the core aspects and problems faced by local companies due to the inaccuracy of the information and data. If company could use proper level of analysis methods and analysis then it will surely increase the effectiveness of information and smooth running of business. Therefore, Aptar Beauty Home Company could increase the level of accuracy in its collected information by using proper level of supply disruption information and information accuracy process system. Furthermore, the main problem arise in value chain information accuracy could be done by using proper management information system (Peppard and Ward, 2016.). For instance, if company could use four level channel information system then it will surly increase the accuracy of information and automated information in oracle.  Now in the end, it would be concluded that in the business functioning of Aptar Beauty Home Company if it wants to mitigate the information accuracy problems and mistakes then it could be done by implementing proper level of analysis methods and model frameworks to increase the right level of information captured in determined approach. It is further observed that if company use proper level of supply disruption information and information accuracy process system then it will surly increase the overall production process and company’s efficiency at large. Aptar Beauty Home Company should implement proper level of supply chain process system which is accompanied with data management system. However, company could face complexity in its order placing and determine the right level of stock needed in its warehouse. If company wants to overcome these problems then it needs to make changes in its manual data management system. Aptar Beauty Home Company needs to installs proper level of cloud base computer system. In this system, all the employees who are indulged in data development process, then they will pass regular entries on the clouds. After that, this level of information would be used to other employees to discharge their existing working tasks. Therefore, after evaluating the supply disruptive information and developed information accuracy theories, it is considered that if falsified information is used in placing orders with vendors and management of work of clients then it will surely increase the overall burden of company in managing the value chain activities. Supply disruption information and information accuracy is the required implementation program to increase the automation up gradation program while implementing new policies and program in the business functioning of organization. Now in the end, it would be inferred that if Aptar Beauty Home Company is accompanied with complex set of activities in which various critical functions are performed. If it does not make proper supply disruption information and information accuracy in its supply chain activities and value chain functions then it will surely mitigate its possible problems and reduce the overall cost of capital in determined approach (Hazen, et al. 2014).

References

Blackshear, S., Gendreau, A. and Chang, B.Y.E., 2015, June. Droidel: A general approach to Android framework modeling. In Proceedings of the 4th ACM SIGPLAN International Workshop on State of the Art in Program Analysis (pp. 19-25). ACM.

Brandon?Jones, E., Squire, B., Autry, C.W. and Petersen, K.J., 2014. A contingent resource?based perspective of supply chain resilience and robustness. Journal of Supply Chain Management, 50(3), pp.55-73.

Cao, T.S., Mazière, M., Danas, K. and Besson, J., 2015. A model for ductile damage prediction at low stress triaxialities incorporating void shape change and void rotation. International Journal of Solids and Structures, 63, pp.240-263.

Cheng, R., Turkbey, B., Gandler, W., Agarwal, H.K., Shah, V.P., Bokinsky, A., McCreedy, E., Wang, S., Sankineni, S., Bernardo, M. and Pohida, T., 2014, August. Atlas based AAM and SVM model for fully automatic MRI prostate segmentation. In Engineering in Medicine and Biology Society (EMBC), 2014 36th Annual International Conference of the IEEE (pp. 2881-2585). IEEE.

Delen, D. and Demirkan, H., 2013. Data, information and analytics as services.

Ellram, L.M. and Cooper, M.C., 2014. Supply chain management: It's all about the journey, not the destination. Journal of Supply Chain Management, 50(1), pp.8-20.

Fernie, J. and Sparks, L., 2014. Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers.

Fredendall, L.D. and Hill, E., 2016. Basics of supply chain management. CRC Press.

Ganesh, M., Raghunathan, S. and Rajendran, C., 2014. The value of information sharing in a multi-product, multi-level supply chain: Impact of product substitution, demand correlation, and partial information sharing. Decision Support Systems, 58, pp.79-94.

Ha, O.K., Song, Y.S., Chung, K.Y., Lee, K.D. and Park, D., 2014. Relation model describing the effects of introducing RFID in the supply chain: evidence from the food and beverage industry in South Korea. Personal and Ubiquitous Computing, 18(3), pp.553-561.

Hazen, B. T., Boone, C. A., Ezell, J. D., and Jones-Farmer, L. A. 2014. Data quality for data science, predictive analytics, and big data in supply chain management: An introduction to the problem and suggestions for research and applications. International Journal of Production Economics, 154, 72-80.

Mangan, J. and Lalwani, C., 2016. Global logistics and supply chain management. John Wiley & Sons.

Newbold, S.C. and Marten, A.L., 2014. The value of information for integrated assessment models of climate change. Journal of Environmental Economics and Management, 68(1), pp.111-123.

Peppard, J. and Ward, J., 2016. The strategic management of information systems: Building a digital strategy. John Wiley & Sons. Peppard, J. and Ward, J., 2016. The strategic management of information systems: Building a digital strategy. John Wiley & Sons.

Qrunfleh, S., and Tarafdar, M. 2014. Supply chain information systems strategy: Impacts on supply chain performance and firm performance. International Journal of Production Economics, 147, 340-350.

Ramanathan, U. and Gunasekaran, A., 2014. Supply chain collaboration: Impact of success in long-term partnerships. International Journal of Production Economics, 147, pp.252-259.

Ross, D. F. 2013. Competing through supply chain management: creating market-winning strategies through supply chain partnerships. Springer Science & Business Media.

Rousselier, G. and Luo, M., 2014. A fully coupled void damage and Mohr–Coulomb based ductile fracture model in the framework of a Reduced Texture Methodology. International Journal of Plasticity, 55, pp.1-24.

Straub, D., 2014. Value of information analysis with structural reliability methods. Structural Safety, 49, pp.75-85.

Tan, K.H., Zhan, Y., Ji, G., Ye, F. and Chang, C., 2015. Harvesting big data to enhance supply chain innovation capabilities: An analytic infrastructure based on deduction graph. International Journal of Production Economics, 165, pp.223-233.

Vlachos, I.P., 2014. A hierarchical model of the impact of RFID practices on retail supply chain performance. Expert Systems with Applications, 41(1), pp.5-15.

Volk, R., Stengel, J. and Schultmann, F., 2014. Building Information Modeling (BIM) for existing buildings—Literature review and future needs. Automation in construction, 38, pp.109-127.

Waller, M.A. and Fawcett, S.E., 2013. Data science, predictive analytics, and big data: a revolution that will transform supply chain design and management. Journal of Business Logistics, 34(2), pp.77-84.

Wang, G., Gunasekaran, A., Ngai, E.W. and Papadopoulos, T., 2016. Big data analytics in logistics and supply chain management: Certain investigations for research and applications. International Journal of Production Economics, 176, pp.98-110.

Wang, G., Pan, Z., Dong, Q., Zhao, X., Zhang, Z. and Duan, J., 2014. Unsupervised texture segmentation using active contour model and oscillating information. Journal of Applied Mathematics, 2014.

Wang, L., Da Xu, L., Bi, Z. and Xu, Y., 2014. Data cleaning for RFID and WSN integration. IEEE transactions on industrial informatics, 10(1), pp.408-418.

Zhou, H., Shou, Y., Zhai, X., Li, L., Wood, C. and Wu, X. 2014. Supply chain practice and information quality: A supply chain strategy study. International Journal of Production Economics, 147, 624-633.

This problem has been solved.


Please send an Email to help@urgenthomework.com with the Payment ID and the link to the document to collect by email


Cite This work.

To export a reference to this article please select a referencing stye below.

Urgent Homework (2022) . Retrive from https://www.urgenthomework.com/sample-homework/mgmt6004-performance-management-accuracy-in-value-chain-system

"." Urgent Homework ,2022, https://www.urgenthomework.com/sample-homework/mgmt6004-performance-management-accuracy-in-value-chain-system

Urgent Homework (2022) . Available from: https://www.urgenthomework.com/sample-homework/mgmt6004-performance-management-accuracy-in-value-chain-system

[Accessed 30/09/2022].

Urgent Homework . ''(Urgent Homework ,2022) https://www.urgenthomework.com/sample-homework/mgmt6004-performance-management-accuracy-in-value-chain-system accessed 30/09/2022.


Buy MGMT6004 Performance Management: Accuracy in Value Chain System Answers Online

Talk to our expert to get the help with MGMT6004 Performance Management: Accuracy in Value Chain System Answers to complete your assessment on time and boost your grades now

The main aim/motive of the management assignment help services is to get connect with a greater number of students, and effectively help, and support them in getting completing their assignments the students also get find this a wonderful opportunity where they could effectively learn more about their topics, as the experts also have the best team members with them in which all the members effectively support each other to get complete their diploma assignments. They complete the assessments of the students in an appropriate manner and deliver them back to the students before the due date of the assignment so that the students could timely submit this, and can score higher marks. The experts of the assignment help services at urgenthomework.com are so much skilled, capable, talented, and experienced in their field of programming homework help writing assignments, so, for this, they can effectively write the best economics assignment help services.

Get Online Support for MGMT6004 Performance Management: Accuracy in Value Chain System Assignment Help Online

Resources

    • 24 x 7 Availability.
    • Trained and Certified Experts.
    • Deadline Guaranteed.
    • Plagiarism Free.
    • Privacy Guaranteed.
    • Free download.
    • Online help for all project.
    • Homework Help Services

Tap to Chat
Get Instant Assignment Help
Tap to Chat
Get Instant Assignment Help