(Solution) CIPS ADNOC APGCM innovative measures to improve the supply chain
New User Gifts
First Order Deal get Ksh 200 Off.
Payment Methods:
Description
Based on your previous answers assess innovative measuresto improve the supply chain (when
thinking about categories and category management)
Solution
Digital Transformation and Advanced Technologies
ADNOC which is a leading energy company is embracing digital transformation to revolutionize its supply chain management (see the following illustration);
Figure 11:ADNOC Modernisation of operations
Source: ADNOC Internal documents
A major innovation being undertaken is the adoption of blockchain technology to enhance transparency and traceability across the supply chain. Blockchain provides a secure and immutable ledger of transactions ensuring data integrity, reducing fraud, and improving compliance with regulatory standards (Smith, 2023). The Internet Of Things (IoT) is being integrated into the supply chain to provide real-time monitoring and data collection. IoT devices and sensors track the condition and location of goods, monitor equipment performance, and provide maintenance alerts thereby improving operational efficiency, reducing downtime, and ensuring the timely delivery of materials.
Strategic Supplier Relationships and Collaboration
ADNOC is also strengthening its supply chain by enhancing strategic supplier relationships and enhancing collaboration through the implementation of supplier collaboration platforms that allow for real-time information sharing, joint problem-solving, and innovation. Through the development of closer relationships with key suppliers, ADNOC can drive innovation improve service levels, and respond more swiftly to market changes (Smith, 2023). These programs include training, technical support, and capacity-building initiatives, enabling suppliers to meet higher standards and contribute more effectively to the supply chain.
Sustainability and Ethical Sourcing
ADNOC is adopting green procurement practices from suppliers who adhere to environmental and social standards, using eco-friendly materials, and reducing the carbon footprint of its supply chain (Smith,2023). By focusing on sustainability, ADNOC meets regulatory requirements and enhances its corporate reputation thereby appealing to socially conscious investors. Ensuring that suppliers comply with ethical practices and fair-trade practices is a priority. This involves conducting regular supplier audits, enforcing strict codes of conduct, and promoting fair labor practices.
Advanced Risk Management
To ensure supply chain resilience, ADNOC is implementing advanced risk management tools including risk management tools that leverage analytics to identify and mitigate potential risks in the supply chain (Smith,2023). These tools analyze data on geopolitical events, economic shifts, and natural disasters providing early warnings and recommending mitigation strategies. Proactive risk management ensures that ADNOC’s supply chain can withstand disruptions and maintain continuity.
Please click the following icon to access this assessment in full
Related Papers
(Solution) MN7650 MSc Human Resource Management and Training Managing Change and Technology at Work
(Solution) New PSE Sourcing Essentials ROSHN Syndicate Cohort
- ROSHN should incorporate Porter’s Five Forces and PESTLE analysis into the organization’s Vendor Management Team (VMT)
- The expansion of the approved list of suppliers by not less than fifteen percent in the course of the next year is vital in eliminating reliance on a few suppliers.
- Improving eSourcing tools especially eAuctions to apply competitive pressures and lower costs of procurement. This will solve the problem of inefficiency in the tendering process and increase transparency while RHOSN already has efficient technology solutions for engaging suppliers.
- Obligatory implementation of a supplier sustainability program that identifies suppliers with high levels of CS
(Solution) CIPS ADNOC APCM Advanced Category Management
- In conclusion, this assessment has focused on developing an evaluation of the contractual terms and impact on power distribution in Abu Dhabi National Oil Company (ADNOC) and risk of supplier and organisation has been evaluated.
- A general contract used in ADNOC purchasing of goods has been used for achieving the aim of this assessment. Also, desk research and statistics have been used for the purpose of generating the expected findings.
- The findings indicate that the terms and conditions clearly stipulate on risks and power distribution between ADNOC and their suppliers of the gas turbines. This has been identified by application of various tools and models relevant for this assessment.
(Solution) CIPD Experience Assessment Behaviour Report MCIPD
(Solution) CIPS Oman Cohort PSE Sourcing Essentials
- This assessment has focused on identifying four sourcing approaches and explaining their application in the category of spend within XXX organisation.
- Based on the different categories selected in sourcing approaches, IT category of spend supplier appraisal has been conducted.
- Through a detailed evaluation, the sourcing approaches identified include multiple, single, dual, and sole.
- For the IT category of spend, multiple sourcing has been selected as the most suitable due to the procurement nature.
- In the Kraljic analysis tool identifying the nature of supplier relationships, IT has been classified as a leverage item.
- The availability of different suppliers in procurement is identified as a multiple sourcing approach.
- A single, dual or sole supplier is not suitable for IT procurement due to its technical and quality specifications required.
- Carter’s 10Cs model has been selected for XXX IT sourcing supplier selection in the supplier selection.