Supply-Chain Management Essay Example | Topics and Well Written Essays - 1750 words

Supply-Chain Management - Essay Example A Thomas & Ladd Andrew,1999a) Regal Marine being one of the leading ten boat manufacturers of America, their vendors are with suppliers ranging from providers of wind shield to providers to of instrument panel controls. The major challenge in the vendor management is to identify and maintain suppliers who can ensure timely and regular supply of quality inputs. The management of payment handling, communication maintenance and quality assurance becomes of a major count with reference to the vendors of Regal Marine. The complexity and diversity in the business operations of the firm and the vividness in the parts to be sourced make the vendor management more complex. The wide gap in the level and business operations of the parent company and the vendors make the process of associations with the vendors a difficult process. The cost object controlling is a part of a product cost controlling process that determines the cost which accrues in producing a product or performing a service. (Curran, A Thomas & Ladd Andrew,1999b) The cost effectiveness of the products sourced becomes vital for Regal Marine as it would directly influence the price of the final product. This process becomes vital for Regal Marine so as to maintain the market competence and the present market status of the company. The inventory valuation process and a sourcing costing with relevance to this is a major challenge for the company. The limiting factor with regard to the product development process of Regal Marine in regulating the cost is the wide range of operations of its vendors. The complex nature of the supply chain management process involved in Regal Marine would require highly trained and efficient man power. An improvisation in the Supply Chain management would mean a revamping exercise in the current organizational structure of Regal Marine. An improvisation and capacity building in the existing manpower, inclusion of expert staff in maintaining complex supply management process is a