LSCM Body of Knowledge (BOK). Management Coursework

BOK Matrix Summary of Manufacturing in Nigeria
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Summary
In the process of manufacturing, procurement and production strategies are essential and determine the business operations. In this analysis, the paper documents core aspects of the manufacturing process, including local regulations, capability, capacity, and geographical location of the chosen nation. The Gannt Chart was also utilized, and quality strategy presented. The purpose of the research paper was to understand the external and internal environment surrounding the product development initiative. The paper fits well the areas discussed, as outlined below. These pillars have been significant in ensuring that the objectives of the business are achieved.
Knowledge Application: Procurement, Sourcing, and Outsourcing
The paper fits well the knowledge application of procurement, sourcing, and outsourcing. In manufacturing any product, procurement is one of the significant aspects that must be taken into consideration. There are always advantages when an organization aims to source products globally. This enhances the firm's competitive advantage and ensures rapid growth, economies of scale, and the leveraging of products from other nations (Chase & Jacobs, 2018). Besides, procurement, sourcing, and outsourcing products or materials globally ensure that the company can learn new cultures, find new markets, and identify new talents. The world is increasingly becoming diverse, and businesses must embrace a global culture (Gupta & Wang, 2018). Many innovations and developments can only be enjoyed by adopting technologies and innovations from foreign nations. The paper clearly articulates these aspects and presents the key benefits of procuring and sourcing products from other countries (Hovivian, 2019).
Methodologies: Quality Control
Quality control is another crucial methodology that is articulate...