Assignment 2 Articles Review OPM530 PDF

Title Assignment 2 Articles Review OPM530
Course Financial Management
Institution Universiti Teknologi MARA
Pages 5
File Size 290.1 KB
File Type PDF
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Summary

BA243 - BACHELOR OF BUSINESS ADMINISTRATION (HONS.) HUMANRESOURCE MANAGEMENTOPM530 - INTRODUCTION TO OPERATIONS MANAGEMENTARTICLES REVIEW(INDIVIDUAL ASSIGNMENT 2)NAME: NUR FARISA FARHAN BT FAIZAL ISKANDARMATRIC ID: 2020580403CLASS: KBA2432ALECTURER: DR AINUL HANIZAnullnullnullnullnullnullnullnullnul...


Description

BA243 - BACHELOR OF BUSINESS ADMINISTRATION (HONS.) HUMAN RESOURCE MANAGEMENT OPM530 - INTRODUCTION TO OPERATIONS MANAGEMENT ARTICLES REVIEW (INDIVIDUAL ASSIGNMENT 2) NAME: NUR FARISA FARHAN BT FAIZAL ISKANDAR MATRIC ID: 2020580403 CLASS: KBA2432A LECTURER: DR AINUL HANIZA

FACULTY OF BUSINESS AND MANAGEMENT ASSIGNMENT/ PROJECT DECLARATION FORM

Student’s Name

:

NUR FARISA FARHAN BT FAIZAL ISKANDAR

Student’s ID

:

2020580403

Program Code

: BA243

Course

Part

Student’s I/C No. : 2A

Course Code :

:

INTRODUCTION TO OPERATIONS MANAGEMENT

Project No.

:

3

Assignment/ Project Title

:

ARTICLES REVIEW

Lecturer’s Name

:

DR. AINUL HANIZA

Name Assignment/

Due Date

:

981207-10-6672 OPM530

Submission :

10/1/2020

Date

:10/1/2020

I hereby declare that the work in this assignment/ project was carried out in accordance with the regulations of Universiti Teknologi MARA. It is original and is the results of my own work, unless otherwise indicated or acknowledged as referenced work. This assignment/ project has not been submitted to any other academic institution or non-academic institution for any degree or qualification. I acknowledge that I have been supplied with the Academic Rules and Regulations for Universiti Teknologi MARA’s Bachelor Degree students, regulating the conduct of my study and exams. I hereby declare that this assignment/ project is written by me and: i. is a result of my own work; ii. has not been used for another assessment at another department/ university/ university college in Malaysia or another country; iii. does not refer to/quote works of others or own previous writings without stating it both in the text and in the reference list; iv. mentions explicitly all sources of information in the reference list; and v. will go through similarity check (Turnitin). I am aware that disciplinary action (which may include the deduction of marks in the assignment/ project) will be taken against me if I am found to be an offender .

10th January 2021 Date

Farisa Students signature

1.0 ARTICLES REVIEW REPORT The Coronavirus Outbreak (COVID-19) reveals that pandemics and epidemics are extremely detrimental to the global supply chains. Humanitarian literature has researched the implications of epidemics extensively but study limitations remain in terms of understanding the effects on trade of pandemics. This study demonstrates also that there is a need for scientists and practitioners involved in the advancement of the research agenda in terms of the effects on the supply chain of epidemics and offers advice and progress literature on the impacts, such as closed and partially closed plants, airports with severe constraints and lack of medical equipment and supplies. I will highlight some of the impacts of the 'resilient' supply chains in this section on the global COVID-19 supply chain. The supply of shock is first and foremost. COVID-19 adversely affected the supply of production for many industries. This article emphasises that China's plants are unwittingly idle as a consequence of COvid-19, with lock down policies affecting the movement of individuals and businesses, leading to a diminishing worldwide supply of elements and compounds.. Producer and retailer from all over the world who rely on plants inputs therefore were not able to obtain sufficient raw materials by themselves. Shocks in demand or increased shift in demand. During this tough time, people around the world used panic shopping and storage attempts to be concerned with food shortages. The fact that people around the world exhibit this pattern of stockpiling has led to fluctuations in business demand. While the rise in revenue by major companies during this time is a positive sign, the articles show how difficult to deal with this variability for smaller companies is as they do not have the size and flexibility to maintain an adequate product supply during demand shocks. Medical devices and supplies are also increasingly dependent on China's ecosystem. The possibility of medical scarcity became more pronounced during the COVID-19 outbreak. However, MIT professor Yossi Sheffi says "Chinese medical products are difficult to replace because they are good quality and cheap." The choice to diversify the medical supply chain or sustain production in China is therefore a dilemma. China is also the largest manufacturer of pharmaceutical active ingredients in the world (API). Because of the COVID-19 outbreak the industrial production of these APIs has been forced to stop in order to contain COVID-19 spread. Even if India leads generic development, 70% of its contributions are still made by China. In particular in the trial phase like COVID-19, where China's production has stopped or slowed, this puts the pharmaceutical industry at risk. More and more businesses intend to put production in-house or closer to home. With the pandemic COVID-19 impacting the global supply chain and the number of supply chain networks relying on China, a wise decision will be made to locate a number, if not all, of the supply chain. Investment in online networks of distribution. These Articles suggest that it would be imperative to explore ways of meeting these customers electronically through growing numbers of consumers who work and stay at home. While traditional stores of brick and mortar continue to be important, firms must also explore ways to communicate with customers and to give them directly. Some examples are to be applied to the online space or to provide services at home. Next is Digital Supply Network Transformation. With technical advances and the way COVID-19 creates vulnerabilities within the supply chain, the conventional supply chain can be turned into digital supply networks, through which knowledge flows and end-to-end visibility, corporate expertise and the optimization of the supply chain can be found free. Digitizing the

relationship between the customer and the supplier is also a key factor in the development of robust supply chain and could shorten the time required to find new suppliers. These articles also show how supply chains will turn to other providers with technology like artificial intelligence and the network of subjects when conventional sources are interfered with. Through handling all facets of the supply chain digitally, safely and transparently, businesses can deal with any problems in the supply chain easily and rapidly. In conclusion, in the scale and impact on logistics of the supply chain, the COVID-19 pandemic reflects an unthinkable occurrence in the 21st century. Had it not happened, the vulnerabilities and concerns found earlier would never have reached the degree of recognition that is forcing many businesses, governments, and corporations to rethink their options and decisions towards this age. Although alleviation of today's shortages should be the most urgent concern as soon as possible, it is equally important to plan for a post-pandemic landscape which will continue for several years to experience the consequences of this crisis.

(782 WORDS COUNT)

2.0 REFERENCES 



Samuel Fosso Wamba, 16 June 2020, Impacts of epidemic outbreaks on supply chains: mapping a research agenda amid the COVID‑19 pandemic through a structured literature review. Guiyang Zhu, 21 July 2020, Lessons Learned from the COVID-19 Pandemic Exposing the Shortcomings of Current Supply Chain Operations: A Long-Term Prescriptive Offering...


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