Anand has to increase the production volumes by maintaining adequate supplies
from suppliers Anand should procure critical parts from local suppliers because they are larger than UK Production requirement is changing every week. So Anand has to change and plan its procurement strategy accordingly Most of the critical parts should be purchased locally because overseas suppliers are charging hefty margin and so is MNC Implement design thinking with customers input at the start of designing the equipment so that the frequent design change issue could be dealt with. Increase the purchase of critical parts from local suppliers and decrease dependency from MNC for the critical parts. Can also directly supply directly from MNC's global suppliers Consolidating Supply data into a single database to improve the procurement strategy and establish predictive analytics capabilities, this would help in extending rolling and fixed forecast
Ques 2 :
The market size of construction equipment’s is increasing and it is the interest
opportunity for UK to increase its market size and revenue When Anand interacted with the dealers and customers , he realized this opportunity in the market The market of these equipment is growing and UK has a good position in the market so this gives the indication of good opportunity Streamlining the supply chain issue could massively increase the efficiency as well as increase the bottom line of the firm. Morever once the profit increases there can be large investment from the MNC for plant expansion