Supply Chain Management

        Supply Chain Management        

EXECUTIVE SUMMARY

TABLE OF CONTENTS

1.0 Introduction

The present assignment is about exploring and evaluating the process of supply chain management in Honda. The discussion given below sheds light on the basic elements of supply chain management such as; planning, logistics, manufacturing and other financial activities. Critically, the assignment below evaluates the goals of supply chain management in terms of operations in the chosen organization. In addition, the implementation of global supply chain management strategy is theoretically studied below. In literature, ( ) argued that supply chain management is the process of through which material, information and finances are moved from the suppliers to the manufacturers. It is also explained as the management of goods and service flow from the origin point to the point of its consumptions and utilization.  

2.0 Background of the Company

Honda is a Japanese based automobile company primarily known as the manufacturers of automobiles, power equipment and motorcycle, headquartered in Minato, Tokyo. Honda is a public multinational corporation operating since 1948. The company is known as the largest automobile as well as internal combustion engines manufactures and distributors. It is perhaps best known as an automaker based in Japan. Yearly, Honda produces more than 14 million internal combustion engines. In 2011, Honda was announced as the eighth largest manufacturers of automobile in the world. As per Honda’s Annual Report, (2016), company has managed to invest 5.7 % of its total revenue towards the research and development department. Additionally, the company has gained the leading position in the Japanese market through exporting 108,705 Honda and Acura models. There are three divisions in the company namely; Acura, Honda Automobiles and Honda Motorcycles. As of statistics presented in 2014, Honda is the source of employment for around 198,561 people. From its earliest days, Honda has managed to develop its own brand image and identity. Till today, the company is striving hard to bring new and better technology for the automobiles. In order to address the changing demands of the customers, Honda needs to strengthen its suppliers.

3.0 Problem Statement/Research Objectives

In this assignment, researcher aspires to explore supply chain management in Honda. To achieve this aim, author has formulated following objectives;

• To evaluate the goals of supply chain management in terms of its operations and how these goals affect the operations in Honda
• To identify the need of applying global supply chain management strategy
• To identify any suppliers or vendors for Honda
• To adders shortages of supply in terms of equipment and employees
• To acquire the greater span of control over the supply chain process

4.0 Literature Review

The work of ( ) cited that management process including the supply of goods and services to the end users in order gain high degree of customer satisfaction at the low cost is termed as supply chain management.  ( ) defined supply chain management as the process representing the worth mentioning change in how companies view and perceive themselves. Traditionally, in accordance with supply chain management, companies view themselves as the contributor of customers or suppliers.  The main goal of supply chain management is to include the customers and the suppliers as the organizational partners. Conversely, ( ) denoted that supply chain management requires the effective commitment of the supply chain partners towards the collective working for generating, taking and fulfilling the orders.