REGAL MARINE OP MGMT Group 4

Techniques that Regal could use to improve supply-chain supplymanagement



Investment in information and technology and its applications



Technology has become an integral part of every successful business operation.

Techniques that Regal could use to improve supply-chain supplymanagement  Production planning


This should incorporate scientific and data mining tools Market sophistication is present in great detail. In order to understand how to operate in business environment like this, sophisticate approach is required.


Example: Regal should appoint forecasting production manager

Techniques that Regal could use to improve supply-chain supplymanagement



Consensus planning


This is to ensure proper coordination among different managers and staffs within an organization. This should include production managers and other managers and staffs from other departments. This would help achieve consistent business operation in line with general and individual corporate objectives.

Expected responses from Regals business partners



More support from Regal when it comes to teamwork and unity Strong support from Regal when it comes to product design, in the case of suppliers. High profit expectation in the case of boat manufacturers. To gain considerable income from the perspective of local vendors Effective handling of Regals manpower from the point of view of personnel agency

The importance of supplysupplychain management to Regal



Allows Regal to coordinate and cooperates with its business partners. It ensures continuous flow of products and services to customers. It is a key to competitive advantage