DB FPX 8420 Assessment 4 Teaching in Higher Education – Creating an Example of Student Work

DB FPX 8420 Assessment 4 Teaching in Higher Education – Creating an Example of Student Work   Student name Capella University DB-FPX8420 Teaching Business in Higher Education Professor Name Submission Date   [blur_section id=”postDownload” button=”Free Download” form_id=”e9df100″] Teaching in Higher Education – Creating an Example of Student Work Write a brief paragraph as an introduction to the assessment and its purpose. Analyzing Contemporary Issues in Supply Chain Management. The heading style must be proper, and this should be 2nd competency according to the rubric. The advent of new local and global trading opportunities, the rise in natural and state-imposed barriers, the enhancement of communications, and the formation of vast economic regions have had to necessitated the greater implementation of Supply Chain Management (SCM) to ease the flow of products between producers and consumers. This is an unprecedented requirement of SCM based on the fact that it improves efficiency, minimizes waste as well and ensures customer satisfaction. As the business environment is dynamically changing, the SCM is being transformed in a significant way, with some of the changes posing a challenge to professionals to maneuver and others offering opportunities to be exploited. Through analysis and interpretation of the current problems, the SCM professionals can make use of the most practical frameworks to ensure that their response is strategic and lessens the adverse consequences.   Issue 1: Sustainability in SCM H2 One of the relevant topics in modern-day SCM practices is the sustainability of the supply chain. Babagolzadeh et al. (2020) define sustainable SCM as an act of incorporating environmental, social, and financial aspects in the sourcing of raw materials, production, and distribution of goods and services. The idea of sustainability in SCM dates back to the second part of the 20th century, when the increasing demand in the market for goods and services to be provided led to innovative manufacturers resorting to harmful practices in sourcing, production, and distribution of goods to reduce costs and meet the requirements of the market. The sentence needs citation. To live, social and environmental impact were rarely considered, both in the short and long term, and more organizational activities focused on cost reduction, efficiency, and optimization of logistics (Rajeev et al., 2017). The source should be recent and within the past 5 years. The social and environmental effects of industries began to be felt between the 1960s and the 1980s, and this necessitated that stakeholders develop policies and legislation to regulate industry operations to reduce the environmental consequences. At this point, the sustainability of SCM has moved much more towards being profit-driven than preserving the interests of future generations. Organizations have also altered the perception of sustainability as a cost and risk to be machine-gunned into an opportunity that can be used to augment value, exercise their innovative ability, and use it as a competitive advantage by reaching out to their clientele. On the international front, agencies like the UN have proposed Sustainable Development Goals, which direct companies on the manner in which they can handle waste and the way to deal with social challenges in the locations of their activities add citation. In addition to this, Magento (2020) recognizes the growing trend toward applying technology to sustainable SCM, and one of the innovations is that big data analytics can be deployed to identify the aspects of the supply chain where operations are not sustainable and require rectifying measures. Social media, blockchain, AI, and robotics are some other technologies that have been extensively used to enhance supply chain operations and minimize adverse social and environmental effects. Citation Technology will provide the support of SCM sustainability in the future, not only due to the ability to trace the products fully, but also due to the opportunity to develop the supply chain that will resist environmental and social shocks. Sustainable SCM plays a significant role within the process of organizational decision-making because it enables organizations to deal with risks, deal with systemic social problems, and warrant stakeholder trust and confidence. In addition, it will allow organizations to add value to products along the supply chain without necessarily adding adverse effects on the surrounding environment and communities. As explained by Xie et al. (2024), the needs of stakeholders, the ethical considerations of the environment, and environmental consciousness can have a huge impact on the performance in the market of the organization. Thus, the increasing number of clients who care about the environmental and social footprint of the products they use can be attracted and retained in the organization through the sustainable decision-making process. Issue 2: Digitalization and Technology in SCM The SCM integration of technology has made the sector non-manual, but disintegrated and automated processes that are fast and highly efficient. Consequently, the firms will be in a better position to navigate the volatility, uncertainty, and complexity of global business and politics. The history of digitalization in SCM can be dated to the 1960s when Material Requirements Planning (MRP) was invented to facilitate the complex manufacturing process more effectively. Citation missing. The primary aim of MRP was to guarantee the supply of raw material to be used in production, making sure that only minimal amounts of materials and products were in stock at the store to save space in the store, and having a structured schedule of manufacturing, procuring, and delivery (Ivanov et al., 2021). MRP was later changed to MRP II in the 1970s, and it now has a broad range of functions, not limited to material requirements management, as it encompasses other manufacturing processes, like labor and machine capacity planning, and was more integrated into personal computers. The proliferation of the internet and personal computers in the 1990s saw the establishment of Enterprise Resource Planning (ERP) systems, and some of the roles of the MRP II were incorporated in the ERP systems to facilitate processes and information flows within the company. The contemporary age still sees ERP being highly employed in SCM, although there is growth in the new technological advancements. Industry 4.0 is also disrupting technologies like […]