MKT 301 Principles of Marketing
Module 6 Assignment
Supply Chain Management
The global economy, advanced planning techniques, and technology have changed what we once called â€œlogisticsâ€ into the science of SCM. SCM is managing both the upstream (where a firm finds materials and supplies) and the downstream (where it sells and/or ships products) â€œchainâ€ of suppliers, sellers and partners. Some firms, such as Wal-Mart owe much of their success to SCM and logistics. Wal-Mart is considered a world leader in managing their supply chain using advanced logistics and IT systems.
A major change in SCM is the emergence of â€œthird-party logistics suppliersâ€ aka â€œ3PLâ€ firms. The most widely known of these is UPS, whose new tagline is â€œwhat can Brown do for youâ€ focuses not on delivering packages, but on SCM.
How about a KFC Shrimp Burger?
Truly global firms find that they must adapt the products they sell to meet local market conditions, which may include legal, cultural or physical requirements. This often requires developing new products or components to meet local needs. Product adaptation is changing the physical product, creating a new product or changing other parts of the marketing mix to meet local needs and requirements.
o Changing the name of the product is often not enough, in many cases the product itself needs to be modified. Some examples:
o McDonaldâ€™s has burgers in India â€“ but no beef. Itâ€™s consumption is taboo. Instead, youâ€™ll find tofu or chicken.
Marketing Plan Guide
o Wal-Mart sells live fish, turtles and frogs in their China stores â€“ not as pets but for dinner tables.
o American appliance manufacturers had to adjust the size of their home machinesâ€“ many urban European kitchens were too small for our large appliances.
You will follow a format similar to the â€œdo firstâ€ assignment at the beginning of Module
5. Make sure that you have completed that exercise before attempting this component of the marketing plan.
There are TWO parts to this component.
In about 2-3 paragraphs provide a high level view of your supply chain. Consider what you will need to successfully take your product to market and where you might encounter breaks or obstacles in the chain.
You should also address the issue of what type of suppliers you might need and where they are located. What issues do you anticipate? Do not forget to consider political, trade and social issues. If you need a steady supply of coffee or chocolate, will you buy only Fair Trade? Are there child labor issues? Import restrictions?
You will create Word chart with three columns:
If you are not familiar with these terms, visit the activity in Module 5.
For each of the columns, identify 4-5 items that you will need for a complete supply chain. Bullets are fine, but make sure that you are clear.
In the last row, list your typical end user. Are you direct to consumer or are you selling to a retailer or wholesaler? In some cases, you may have an entirely different end user.