This website uses cookies to ensure you have the best experience. Learn more

Value Chain In Engineering Essay

1261 words - 6 pages

Executive Summary
The concept of value chain has attracted considerable attention of managers and researchers. This report briefly presents the value chain in manufacturing industry and then explores the leadership roles of the engineer in the management of the value chain. Furthermore, this report analyzes the benefits of using an engineer in the value chain management and points out that the engineer is best suited to perform the value chain management role.

Table of Contents
Introduction 2
The Value Chain in manufacturing industry 2
Role of the Engineer in Value Chain 4
Main Management Actions of Value Chain 4
Leadership Role in the Value Chain Management 4
...view middle of the document...

These activities include distribution, manufacturing and purchasing. In supply chain of manufacturing industry, the customers browse products and offers from multiple suppliers and then select the desired offers or request quotes from multiple suppliers.

Demand chain comprises the enterprises selling services and goods of a business, which including activities of marketing, sales and service (Christopher, 2005). For example, in manufacturing industry, demand chain may consist of the manufacturer who produces the goods, the retailers who sell goods the manufacturer created and the customers who initiate the transaction. Customers purchase goods from a manufacturer's retailers. Retailers in turn obtain the goods from the manufacturer.

Operations is the process of transforming inputs into the final product, which includes many activities, such as assembly, machining, equipment maintenance, packaging and testing (Porter, 1985). Service refers to the support of customers after sale. Furthermore, the objective leading all efforts within a value chain is viewed as improving competitiveness. In manufacturing industry, it traditionally desires lowest costs and long production runs.

Role of the Engineer in Value Chain

Main Management Actions of Value Chain

Supply Chain Management (SCM) is introduced to sustain the value chain, which is defined as the task to integrate organizational units within a supply chain and coordinate information, financial and material flows for the purpose of satisfying customer needs to increase the competitiveness as a whole (Stadtler and Kilger, 2008). SCM is the act of optimizing activities across the supply chain. Ayers (2001) reported that SCM is the planning, maintenance, responding to external changes and supply chain processes activities to fulfill consumer’s needs. One main component of SCM is integrating a network of organizations, which including inter-organizational collaboration, network organization, choice of suitable partners and leadership (Stadtler and Kilger, 2008). Another component of SCM is coordinating flows along the supply chain, which is composed of advanced planning, communication and information technology and process orientation (Stadtler and Kilger, 2008).

Leadership Role in the Value Chain Management

Engineer participates in these management actions and plays a significant leadership role in the management of the value chain. Leadership is the ability to motivate and enable other people involved to make contribution to the success of the organizations (Northouse, 2007). Engineer plays this leadership role to enable all the people to contribute to creating value, maintaining value, and ensuring effectiveness and efficiency (Simchi-Levi et al. 2008). In the operation, some decisions should be made for the value chain as a whole, such as integrating a new partner or cancelling a partnership. Engineer with the best know of products and processes could work out appropriate value...

Other Papers Like Value Chain In Engineering

Tesco Essay

2509 words - 11 pages improve (or upgrade) their products and processes, 2 and thereby contribute to and benefit from the chain’s competitiveness. Through this approach USAID enables MSEs—including small-scale farmers—to create wealth and escape poverty. The value chain approach has distinctive features in terms of both i) the scope used in analyzing an industry (addressed in the following section: “What is the Value Chain Approach?”), and ii) the tangible and non

Value Chain Essay

811 words - 4 pages -1- The Value Chain The term ‘Value Chain’ was used by Michael Porter in his book "Competitive Advantage: Creating and Sustaining superior Performance" (1985). The value chain analysis describes the activities the organization performs and links them to the organizations competitive position. Value chain analysis describes the activities within and around an organization, and relates them to an analysis of the competitive strength of the

Internal Rate Of Return

682 words - 3 pages throughout the life of the investment.  Meaning: The investment is net in the sense that the firm does not overdraw on its return in any point and hence is not indebted to the project Contemporary Engineering Economics, 5th edition, © 2010 Pure versus Mixed Investment Pure Investment Mixed Investment  Definition: An investment in  Definition: An investment in which which a firm never borrows a firm borrows money from the money

Student

1022 words - 5 pages Effect. Manage Science. 43, 543–558(1997b). Ouyang, Y. The effect of information sharing on supply chain stability and the bullwhip effect. (2007) European Journal of Operational Research. 182: 1107–1121. Dominguez, R., Cannella, S. and Framinan, J. M. (2014) On bullwhip-limiting strategies in divergent supply chain networks. Computers & Industrial Engineering. 73, 85–95. Fu, D. et al. (2015) Quantifying and mitigating the bullwhip

Information Technology Of Supply Chain In Pt Ccai

3522 words - 15 pages Chain Mnagement: Strategy, Planning, and Operation, Prentice Hall [2] Factbook of The Coca cola System. http//www.coca-colaamatil.co.id [3] Lee, H.L., So, K.C. and Tang, C.S., 2001, The value of Information Sharing in a two-level Supply Chain, Management Science, Vol 10, pp. 626-643 [4] Simchi-Levi, D., Kaminsky, P., Simchi-Levi, E., 2000. Designing and Managing the Supply Chain: Concepts, Strategiesand Case Studies. McGraw-Hill

Passion Fruit Industry In Sri Lanka

1253 words - 6 pages Case study 2 Sri Lanka Cargills Ceylon Ltd Total cost: Financier Year of initiation: NA Private company 2001 2010-2015, Possible partner under the IFAD-supported National Agribusiness Development Programme (NADeP) Relational chain, buyer-driven Value chain approach: Background. Cargills Ceylon Ltd (Cargills) is a supermarket chain called Food City in Sri Lanka. It has improved the efficiency of its operations by purchasing directly from

Marketing

466 words - 2 pages directly to the company brand – yours and your prospects. iii) Give you insight about how to effectively market your product/service. This statement should convince a potential consumer that one particular product or service will add value or better solve a problem than other similar offerings. Golden Screen Cinemas (GSC) is the leading film exhibitor and distributor in Malaysia. Besides, it also is the first cinema chain to offer a high

Control Of The Supply Chain Turns Critical

2146 words - 9 pages supply chain, from the sourcing to the logistics; in an orderly, and timely manner at a relatively low price that fulfills the customer’s needs (Ahmed and Shepherd, 2011). Nowadays, managers across the world believe an integrated supply chain system, along with the new technologies, will provide an added value to the final product and therefore a competitive advantage to companies (Mentzer, J, 2000). Albeit its ability to offer a better final

Eliyahu Goldratt’S Business Model

3612 words - 15 pages According to the Goal: How Eliyahu Goldratt Helps Organizations Examine Their Processes to Achieve Maximum Results Author: Christian Winter Faculty Mentor: Vijay Vaidyanathan, Department of Engineering Technology, College of Engineering Department: Department of Engineering Technology, College of Engineering, & Honors College According to the Goal 2 Bio: Christian Winter was born in Frankfurt–Oder, Germany, and moved to the United

My Life

269 words - 2 pages EDUCATION: 1994-2002 Saint George College School 2003- 2006 American Diploma at St. Fatima Language School SAT1 score: 1330 SAT2 score: 1000 2007-2012 BSc - Engineering and Materials Science - German University in Cairo. Final GPA: 2.9( Good) on a 6-point grading system. TRAININGS & INTERNSHIPS: Two months training course – Egyptian Engineering Center, Egypt, July, Augst 2010. One months training course

Tns Case

299 words - 2 pages . Adopt channel-spanning performance measures. Managers increasingly find themselves assigned the role of the rope in a very real tug of war—pulled one way by customers' mounting demands and the opposite way by the company's need for growth and profitability. Many have discovered that they can keep the rope from snapping and, in fact, achieve profitable growth by treating supply chain management as a strategic variable

Related Essays

Scm Overview Essay

731 words - 3 pages Chain Management and being a part of this course helped me to fulfill my target. Supply chain management has been a fruitful course for all of us students. Being an electrical engineer, I wanted to learn about operations and supply chain management. The course of SCM has been really helpful in terms of gaining academic excellence in the subject. The Supply Chain Management course at National Institute of Industrial Engineering examines the

Fd Dg A Essay

630 words - 3 pages companies do provide their customers with high levels of customer service, the current productivity gap (what is being done vs. what is possible) leaves room for significant value generation. It is also common for many companies to view re-engineering efforts dealing with the service part of the supply chain as risky. Although this is understandable given the impact of failure in customer service, the vast productivity potential and increased

Sonnet 116:Shakespeare Essay

1222 words - 5 pages International Training Course on Integrating a Value Chain Perspective in Small Scale Enterprise Development TRAINING SCHEDULE November 19-30, 2012 Rural development generally includes supporting local people’s livelihoods through income-generating activities and small-scale enterprises. Previous program experiences point to the importance of building local entrepreneurship capacity, establishing business organizations, and enabling access

Supply Chain Functionality Essay

404 words - 2 pages delivery to the consumer. As a consequence costs must be lowered throughout the chain by driving out unnecessary costs and focusing attention on adding value. Throughput efficiency must be increased, bottlenecks removed and performance measurement must focus on total systems efficiency and equitable reward distribution to those in the supply chain adding value. The supply chain system must be responsive to customer requirements."[7] Global supply