White Paper – cost and reputation implications of damage
White Paper – cost and reputation implications of damage: Conduct research surrounding cost and reputation implications of damage. Write a white paper, in which you provide a solution for cost and reputation implications of damage…
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White Paper – cost and reputation implications of damage
Paper details
Conduct research surrounding cost and reputation implications of damage. Write a white paper, in which you provide a solution for cost and reputation implications of damage.
Specific sections to your white paper should include:
- Define the audience and their concerns;
- State the problem;
- Provide a recommended solution to the problem;
- Summarize the potential benefits and return on investment from your recommendation.
300 words in length.
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Solution
White Paper – cost and reputation implications of damage
Audience
Damage is one of the critical issues affecting business operations within the supply chain. Stakeholders such as suppliers, logistics teams, and customers must understand the costs and reputation implications of damage. For suppliers, the damage has vast implications on costs and reputation, affecting the relationships with consumers (Jacobs, & Singhal, 2017). For logistics teams, damage works against the desired goals of building trust and inspiring confidence.
Problem
Damages result in disruptions that have high financial costs and inflict more damage to the company’s reputation. Stakeholders within the supply chain need to understand the cost and reputation impacts of damage. The implications of damage traverse across the supply chain by creating additional workflows for claims and repairs and affecting sales and marketing teams’ effectiveness (Camilleri, 2017). Lost productivity, damaged goods storage, taxes and utilities, and the lost opportunities and associated downtime are all direct and indirect cost implications of damage.
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Recommended Solution to the problem
Monitoring is one of the most effective approaches to minimizing damages as it ensures supply chain visibility. Monitoring aims to track and record trends and establish frameworks for preventing future damage incidences (Gouda, & Saranga, 2018). In this, logistics managers assess past incidences, spot trends that led to the incidence, and develop guidelines that prevent the occurrences. Understanding the risk factors for damages also allows the adjustment of standard operating procedures, staff training, and the reinforcement of packaging to prevent any incidences.
Summary of ROI and benefits
Monitoring ranges from in-transit monitoring, which is associated with a 60% decline in damage rates, monitoring for impacts, tilts, and temperature excursions associated with a 90% decline in damages. The return on monitoring investment is also realized through the data collected to prevent damage in the future. Monitors can also be used to examine the robustness of new packaging and internal warehousing handling, as well as product testing. These applications will ensure that monitoring offers value to the organization besides reducing damages, enhancing data collection, and improving reporting on potential incidences.
PrivateEssaywriters.com has the top and most qualified writers to help with any of your assignments including how to manage stress in workplaces. All you need to do is place an order with us (White Paper – cost and reputation implications of damage).
References
- Camilleri, M. A. (2017). Responsible supply chain management and stakeholder engagement for corporate reputation. Corporate sustainability, social responsibility, and environmental management (pp. 79-95). Springer, Cham.
- Gouda, S. K., & Saranga, H. (2018). Sustainable supply chains for supply chain sustainability: impact of sustainability efforts on supply chain risk. International Journal of Production Research, 56(17), 5820-5835.
- Jacobs, B. W., & Singhal, V. R. (2017). The effect of the Rana Plaza disaster on retailers’ shareholder wealth: Implications for sourcing strategies and supply chain governance. Journal of Operations Management, 49, 52-66.
Related Key Words
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