Maine marine supply case. Marine supply case study 2022-11-01
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The Maine Marine Supply case is a prime example of the importance of thorough risk assessment in the supply chain management process. In this case, Maine Marine Supply (MMS), a small company based in Maine, was faced with a significant supply chain disruption when its primary supplier, a Chinese manufacturer, suddenly went bankrupt. This left MMS with a large inventory of unfinished goods and no way to fulfill its customer orders.
The root cause of this disruption can be traced back to MMS's risk assessment processes. Despite the fact that the Chinese manufacturer had a history of financial instability, MMS had continued to rely on them as a primary supplier without adequately diversifying its supply chain. As a result, when the manufacturer went bankrupt, MMS was left with no backup plan and was forced to scramble to find a new supplier on short notice.
To mitigate the impact of this disruption, MMS implemented a number of emergency measures, including negotiating with other suppliers to secure new materials and expediting the production of the unfinished goods. However, these measures came at a significant cost, both in terms of financial resources and lost customer trust.
In the aftermath of the disruption, MMS recognized the need to reassess its risk management strategies and implemented a number of changes to prevent similar disruptions in the future. These changes included diversifying its supplier base, implementing more stringent risk assessment processes, and establishing contingency plans for unexpected supply chain disruptions.
The Maine Marine Supply case serves as a reminder of the importance of thorough risk assessment and supply chain diversification in the modern business environment. By taking proactive measures to mitigate risk, companies can protect themselves against unexpected disruptions and ensure the smooth operation of their business.
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Another change they made after World War II is the expansion of making and installing wood cabinets and ship chandlery. This diagram would fit somewhere between a process flow diagram and a value stream map. For example number of sku's, inventory safety stock, etc. Furthermore, the Inventory to working capital percentage is fluctuated due to poor inventory management skills This reflected negatively in year 3 which indicates poor quality of liquidity. How did CPFR help WM address its supply chain challenges? After calculating the financial ratios, we discovered that some numbers indicate that company will face several problem in the next ewe years. By seeing this marker--Q1, Q2, etc.
Is he going to make a profit once cost start to rise year after year? Products include aluminum hulls, aluminum steadysailers, long range motor cruisers, center console jet boats and marine hardware such as bow and stern chocks, aluminum radar masts and bowrails. Maine Marie has been asked by the Navy to provide them with a financial analysis to show the 5 — year cash flow, IRR, NPV, and payback. As a solution, M ARIN apply should keep the Inventories In order to Improve ten Inventory remover and to decrease the percentage of inventory to working capital. All extra information about a particular slide must fit on that 8. Explore issues surrounding collaboration and coordination in a supply chain environment 3. So, what information is missing from the case that you would like to know so that you could analyze the case more fully? · The intent of this question is for you to probe the case for the strategic dangers that lurk in the absence of a solid supply chain infrastructure · An average response will identify at least two dangers. Utilize graphics or even a short video to help emphasize a particular concept or elaborate on an answer to a question.
Do not exceed four! Some of what we carry. Question 3: What supply chain improvements were necessary for WM to turnaround its supply chain performance? Liquidity According to the current ratio, it indicates that the company is still doing well in comparison to the Industry average. The lack of examples from the case is a typical area where students lose points. A top-level response will identify four. Maine Marine kept with the time in changing what they produced; for example in World War II they went to making coated canvas decking for military ships.
Here we have a few of our local fishermen gathering at our Brunswick location to "catch" up! West Marine explores various themes including but not limited to the following: 1. Assume you will be using this deck in a presentation for corporate leaders within the West Marine organization! To see the financial report will be on the spreadsheets following these pages. . No need to repeat the questions--I know them. Is the presentation visually attractive? Assignment Introduction: This real world case assignment is designed to help students evaluate the use of a collaborative approach to integrating across the SCOR processes of Plan, Source and Deliver Customer Fulfillment within the context of a retail environment.
Marine Equipment & Supplies in Maine (ME) on childhealthpolicy.vumc.org
· Be specific and freely use examples from the case when responding to this question! Sheepshank what needed to be presented to the Navy but from the conversation he was not sure. Explain your reasoning and how it might tie back into previous modules. Financial Risk Marine s On the apply needs to focus on financial risks. In 2000 they are trying to get the contract for making sailor duffle bags. They had government contracts until 1945 which went dormant until now. In 2000 sales only accounted for 25% of manufacturing for the company.
Navy to make sea bags will give Maine Marine new life and increase in possible revenue. See below for our three locations! The only acquisition that they may have problems acquiring is the canvas because it is not in demand anymore for sea products. Do not exceed four! · Utilizing the notes section of the slide, list the three most important bits of information not mentioned in Part 1 above you think would be beneficial to assist a supply chain manager in evaluating this supply chain. Sheepshank is 4% which would cover price inflation. This situation happens all the time in industry! Assignment Questions: Note: The instructor reserves the right to change the points for this assignment and these questions at his discretion. Please note I will be evaluating the slides in the presentation mode. Do the slides represent correct information? Does the PowerPoint deck answer each of the questions? Specify and analyze various costing issues 6.
I am not looking for extensive lists---I am looking for depth and breadth. Sheepshank would have to insure the current price on canvas and insure he could get the same price for five years. Please use proper citations on the appropriate slides when necessary. Quality of Professional PowerPoint Slides: 1. When the analysis is undertaken, does it use the information at its disposal correctly, thereby leading to correct answers? I would suggest on this portion of the slide to reference the question you are answering by stating on the first line Q1, Q2, etc. Does the analysis contain enough detail to support your answers? Capabilities include CNC machining, bending, cutting, pressing, shearing, lathe work, milling, welding and repair. Does the PowerPoint deck have a summary slide? A top-level response will identify four.
A new contract with the U. Analyze the impact of mergers and acquisitions on supply chain management 4. The boom is sweeping through the country and they want to figure out some way to increase business. In addition, our suggestions for preventing the greater inventory problem are to determine the items that are no longer used in the present manufacturing operations and remove them from the inventory records, and to establish a perpetual inventory records to ensure inventory is not purchased in an excessive quantity or in much advance of need. Do the PowerPoint slides represent correct information? Are assumptions explicitly stated? Are the slides logically organized? Operations Efficiency Inventory management is an essential issue for Marine Supply, maintaining an excel. SCM 800 West Marine Case Team Assignment Assignment Document: This document includes the following assignment information needed to complete this case assignment: I. ? Bowline gave suggestions to Mr.
Also, ten company wall nave a Doolittle time recover Inning from high loan interest rates and banks might avoid issuing any loans to the company. You must explain in the Notes section how this clip adds to your answer. PowerPoint presentations are another communication device that stresses organizing thoughts in the appropriate hierarchy and sequence, selecting words for their power and expressiveness, using technical terms in appropriate contexts, and representing complex data and symbols precisely in prose. · Briefly and the key word is briefly explain why you would need this information from Part 2 of the question. Assess risk and mitigation strategies II. Are proper grammar rules, punctuation, spelling, and sentence construction used? Question 2: List and explain the primary dangers of executing an acquisition when the company does not have a solid supply chain foundation? Since you cannot answer the questions totally on the slides themselves, teams should use the Notes portion see Notes page under the View tab of the PowerPoint slide presentation of the PowerPoint slides for areas that require in depth explanation. Does the PowerPoint deck contain an agenda slide, overview, or objectives slide? As a result, we can tell the company has a lack of cash and is unable to pay off their account payable which will cause them OTF ace a higher financial risk.
Does the analysis isolate fundamental causes of the problems? Moreover, the time interest earned has decreased significantly from year 1 to year 4 , which will definitely result in a higher financial risk in the long UN. · An average response will identify at least two improvements. Assignment Directions: You are to develop a 17 slide professional PowerPoint presentation. Therefore, for this question place yourself in the position of a consultant with 100% complete access to West Marine via the case. Question 6: Is WM ready for the Boat U. Please include a cover page that includes the team name, assignment name, date, and individual names of team members. Maine Marine Supply was still known for their high quality cabinetry, customer service, and sails.
