Significance of Supply chain
Notably, technological development is advancing with speed demanding new models enhancements, external outlook, and greater innovation capacity. As a result, ACS should consider outsourcing for other more skilled people to boost its ability to work more efficiently. Recruitment should be based on special skills as opposed to basic understanding of English. It could also outsource for modern technology where better aided and more effective data entry systems are fixed to raise the overall efficiency.
To add to that, knowledge management have been cited as one of the major tools that operations management employs to raise the skills of the staff necessary for improving production (Robert & Graham, 2008, pp. 61-62). Though ACS was involved with further training to enhance efficiency of its staff, more should be done to raise their quality and that of the consumers (Thomas, 200, p. 27). With higher knowledge levels, the innovative capacity proportionally shifts upwards and raises the overall returns.
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To add to that, it should link with main providers of meals, health care and transport services for its 400 employees and the later expansion. Supply chain is an essential aspect in modern business management as it links the producers with the consumers to guarantee the supply of products and services (Erick et al, 2008. pp. 64-65). ACS systems require supply chain operations to ensure timely supply of various products and services to its staff and the office.
Notably, ACS is involved with sale of services that are demanded in the most appropriate format with exemplary high levels of accuracy. As a result, effective supply chain forms a good layout for increasing the number of jobs that are available to the Ghanaians. Besides, due to high remuneration, the system would attract more auxiliary services by the people to ACS and its staff. To add to that, it would maintain a clear interlink between the organization and other local producers as well as the international health insurance companies in need for their services.
Therefore, this interlink denotes a continued supply of the raw claims data to guarantee the local people jobs. To add to that, it act as a direct system for improving economic growth and promoting the direct interstates cooperation. As denoted earlier, the average income for Ghanaians is about US $ 300 annually which is also heavily taxed leaving them with little finances for personal use and saving. However, the ACS has opened a door upon which supply of raw claim data to local companies for further processing has greatly increased.
As a result, the overall pay has also drastically increased giving the government more revenue from the labor supply. Notably, supply chain management has been indicated to link states and promote general harmony and peace between them. In higher levels, Chain supply would entail exchange programs to improve the overall quality of staff. Evaluate stakeholder theory? Specify each sector of stakeholder? Stakeholder’s theory was derived by Edward Freeman who emphasized on business ethics and organization management as a basic demand for an organization to grow.
The theory requires that morals and values are fully inculcated with great regards to the stakeholders who form the business. In his book on Strategic management, freeman insisted the fiduciary duty of the organization to put the interest of the stakeholders first and raise their value in the company. Therefore, it generates the effective interlinks between the central system (firm) and all the stakeholders at their varying capacities. Over the years, lack of harmony between the stakeholders due to poor management has been the key to many business failures.
Investors are the direct entrepreneurs that see the opportunity to invest in the business forming making them to be the pioneers of the whole system. To add to that the staff form the next very essential stakeholders who determine the application of the business systems. All the operations are directly performed by the employees. To add to that, customers as part of the share holders are externally involved with consumption of the finished products from the firm. They are considered to be the most important aspects in ensuring success of the business.
On the other hand, suppliers form the main platform for operating the business by supplying the raw materials for making finished products. Government forms the legal body that offers protection by licensing and providing the correct business atmosphere. To add to that, political groups determine the ability of a firm to assume a fast development trends by offering serene democratic room for logical and ethical management. Finally, communities act as supportive icons that provide the consumers and labor in the economic model of firm-and-household concept (Jawahar & McLaughlin, 2001).
Without their acceptance a business is deemed to fail. Figure 1: stakeholders interlink with the business.
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