ANLY482 AY2017-18 T1 Group2 Project EZLin Project Overview
In any company that delivers a physical product or solution, supply chain has always been a huge challenge in the operations of the organisation. There are many established companies in the market that operate the supply chain in silos and treat it as another cost center without clearly identifying what constitutes the cost in the entire supply chain ecosystem. Our motivation therefore is to not only determine the various costs that are inherent in the client’s supply chain eco-system but to also determine what are the possible indicators that will allow our client to better predict its cost.
Supply chain is not merely about transporting goods from one point to another. It begins from sourcing of the raw ingredients to manufacturing it in the plant and transporting it around, leading up to the final distribution with many intermediate contact points. With our background in Operations Management and Information Systems, we are keen to understand what are the costs involved in each stage and contact points of this supply chain through the huge amount of data available in the system. However, our motivation goes beyond just identifying the costs, as we believe cost is not just incurred from within an organisation. Many external factors such as the volatility of commodities has a significant impact on the overall cost incurred for an organisation such as our client, that relies heavily on raw materials. Therefore, we are excited to explore how the effect of external factors, coupled with internal factors, can possibly allow the company to have a better chance at predicting its cost and ascertaining its profitability.
All in all, we are keen to work on this project as it allows us to apply what we have learned to a real world business problem. As daunting as this is, it will be interesting to discover whether our analysis and recommendation has a positive effect on an actual business challenge.
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