Nippon Steel Company Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Nippon Steel Company Case Study Solution

Advancement in supply chain management

Even though the current supply chain of Nippon Steel is of paramount importance as it encompasses various activities such as using E-commerce platform, lean production, utilizing value chain, comprehensive capabilities and knowledge, it should strive hard to improve the profits, satisfy customers, maximize market share and increase sales through process digitalization, reduce lead time through fulfilling the requirements of the customers.

Incoming quality control

Incoming quality control is also a useful tool to check the incoming material before it is being further processed. It could be used to get information about the sources through whichproducts get defected. It should also implement the corrective actions to decrease the defectiverates of the products. It should works on procedures to prevent blunders and errors.By doing so, the company would be able to ensure the efficient business operations atworkplace.

The sales and operations planning should be exploited. The obsolete and unattractiveinventory should not be considered as the ways of making profit. It should be replaced by anadvanced, attractive and newer inventory (Garvin, 2017).

Customer-driven quality system

In addition to this, the company should use a customer-driven quality system as it would serve as the voice of the customer center to the company. It is focused on dealer or customer feedback. Collecting feedback from customers would allow the company to analyze and use that information to improve the quality of the product on a continuous basis.(Ghoshal, 2015). The company is planning to leverage the facilities through customer driven quality system as it would help the company to better facilitate its customers to increase their satisfaction.

Transport

The company is leveraging on transport as its distribution of the steel products is based on truck shipment and coastal shipment.

JIT inventory

The company is planning to leverage the inventory through implementing the JIT inventory. The company should implement Just In Time (JIT) inventory so that the management of the company would be able to reduce its various overhead cost and to improve the efficiency as the less space would be required to store the products (warehouses) due to faster turnaround in the inventory, and to minimize the number of goods that are hold at one time.

By implementing just in time inventory management systems, the company would require a strong relationship with its suppliers and bring a reduction in the complexity of various functions. This would also enable the company to reduce waste by receiving the goods only as they are needed in the production process, which ultimately reduces the inventory costs. By implementing just in time inventory system the company would enable to improves its cash flow which would use by the company in future expansion. Just in time inventory system would enable the company to hold enough inventory to cater to the demands improves efficiency, reduce cost and improve the profitability of the company.(Karmarkar, 2017).

Automatic inventory system

The management has to design an automatic inventory system that will keep the continuous record of the inventory’s value and quantity. The production costs should be estimated as well. The total quality management tends to inspect the products with the production line more exactly than the final inspection of the inventory.

It should keep the inspection process as a crucial and foremost technique in the assurance of product quality. The process of manufacturing the product should be monitored at every stage. The methods of inspecting the inventory are 100 percent sampling and sampling inspection.

Cost effective research and development R&D

The company should make considerable amount of investment in the research and development R&D for the cost effective as well as new manufacturing methods and techniques that would tend to fulfil the requirements of the customers and to reduce the lead time. One of the main component of this objective could be accomplished by improving the supply chain’sefficiencies. The company should concerts its efforts on product maximization, process optimization and cost minimization(Silva, 2016).

Business model innovation

The company should re-invent the business model and leverage the end to end process digitalization which ranges from creating digital supply chain platform and sales to data sharing with the customers.

Other practices

The company should opt for other practices, such as: one of the factors that would ensure the dominance of Nippon Steels over its competitors could be the product design strength. There should be an innovation on a consistent basis in this area, in order to ensure that the environmental needs and customer needs are fully satisfied. The process of demand management delivers synchronized and integrated supply and demand plans that tend to maximize profits and service levels throughout the band of demand. The company should continue accelerating the pace of innovation & investing in technology & innovation. Additionally, the company should use digital technology

The management of the company has to make sure that the level of stock must be kept in the warehouse or any other locations of the warehouse. The management has to make an appropriate budget of the inventory, containing all the information regarding the cost of keeping the inventory in the warehouse, operational cost, fixed cost, carrying costs, logistics cost, redistribution cost and miscellaneous cost for handling the inventory (Basyouni, 2018).............................

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