JSM Manufacturing|My homework helper
Posted: February 18th, 2023
JSM Manufacturing is a small, local company that manufactures personal protective equipment, such as surgical masks, gowns, and face shields. The company relies on a network of suppliers of raw materials, transportation providers, and for other required products and services. These vendors receive purchase orders from JSM for materials and services, and typically ship directly to JSM’s manufacturing facility. Invoices are sent to JSM’s accounts payable department for payment processing, which receives, verifies, and processes approximately 200 invoices per month.
SOLUTION
It’s common for manufacturing companies like JSM Manufacturing to rely on a network of suppliers and service providers to obtain the necessary materials, transport goods, and acquire other products and services required for their operations.
To ensure a smooth and efficient supply chain, JSM Manufacturing would need to establish strong relationships with its suppliers and service providers, communicate effectively with them, and regularly monitor their performance. Here are some tips that could help JSM Manufacturing optimize its supply chain:
- Identify critical suppliers: JSM Manufacturing should identify the suppliers that are critical to its operations and prioritize building strong relationships with them. This could include suppliers of raw materials that are difficult to replace or transportation providers that are vital for timely delivery.
- Diversify suppliers: To reduce the risk of disruption in the supply chain, JSM Manufacturing should consider diversifying its supplier base. This means working with multiple suppliers for the same products or services, which can help to mitigate the impact of any issues that may arise with one supplier.
- Build a collaborative relationship: JSM Manufacturing should aim to build a collaborative relationship with its suppliers and service providers, rather than treating them as mere vendors. This means engaging with them in regular communication, understanding their capabilities and limitations, and working together to find solutions to any challenges that may arise.
- Monitor supplier performance: JSM Manufacturing should establish a system for monitoring the performance of its suppliers and service providers. This could include tracking delivery times, quality of goods and services, and responsiveness to queries or complaints. Regular performance reviews can help to identify any issues and address them promptly.
- Invest in technology: JSM Manufacturing could also consider investing in technology to help manage its supply chain more effectively. For example, it could use software to track inventory levels, monitor supplier performance, and automate processes such as ordering and invoicing. This can help to reduce errors, save time, and improve efficiency.
Overall, by building strong relationships with its suppliers and service providers, monitoring their performance, and investing in technology, JSM Manufacturing can optimize its supply chain and
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