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Discussion: scor model | Management homework help

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The Supply Chain Council was formed to standardize the discussions and management of supply chain operations. It developed the Supply Chain Operations Reference (SCOR) model to describe, model, and benchmark all operations within a supply chain. You can find information about the latest model (SCOR 11) on the Supply Chain Council Web site. 

SCOR 11 differs from the previous model (SCOR 10) by elevating to a level of primary importance a process called “Enable,” which refers to what organizations must do to support the other primary processes. However, for the purposes of our discussion of supply chains, this new process is not of particular interest.

Briefly address each of the following bullets:

  • Read, from chapter 1 and 2 (ATTACHED),      the sections entitled “The Supply Chain Council” and “The      SCOR Framework” in the book Supply Chain Excellence in South University’s      online library. Discuss the SCOR model’s five functions (Plan, Source,      Make, Deliver, and Return) that are shared by supply chains. Does every      supply chain contain all of these five functions?
  • When producing goods,      different production strategies, such as “make to order,”      “make to stock,” “assemble to order,” or      “engineer to order” can be pursued. However, when providing      services (car washing, hair styling, etc.), not all of these strategies      can be pursued. An organization cannot really “stock” services      (in other words, you can’t have five car washes sitting on a shelf in the      same way you can have five cans of soup sitting on a shelf). Do the stages      of the SCOR model apply to operations in all of these areas (goods      producing vs. service provision, and using any of the production      strategies)? Search the Internet for a company and discuss which of these      approaches (goods producing or service providing) and which of the production      strategies the company’s operations fit in. Support your response on the      basis of the SCOR model and your research.
  • In 2011, Japan      experienced an earthquake, resulting in a tsunami. These natural disasters      caused a great deal of damage and a significant loss of life. From a      supply chain and operations management chain perspective, what were the      implications for SCOR processes? Which of the SCOR model’s five processes      discussed above would have been impacted by such an event? Should planning      for future events like this impact the strategy of a company? Support your      response with your research.

The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response.

Your posting should be about 1 page (400 to 500 words) in length.

Justify your answers using examples and reasoning. Comment on the postings of at least two peers and state whether you agree or disagree with their views.

Chapter 1-2 is attached,

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July 1, 2023
    

We are Team of 3 each individual is given with one health Care company. I am assigned with Quest Diagnostics.(DGX-Stock Symbol).I need to answer for Quest Diagnostics for the following Questions.Please see attachments for income statement,Balance sheet,cash flow,Growth table,Financial Health and operating efficiency report for reference for quest diagnostics-Please see answers reported by another member in the team for another company

1) Company Ranking:(The ranking of each company in the industry in terms of their financial strengths and weaknesses)

a)DGX Strengths:(Give 2 strengths)-Please see below example one my teammate lindsey given for  Lab Corp-LH company

1) Answer

2) Answer

b)DGX weakness:(Give 2 weakness)-Please see below example one my teammate lindsey given for  Lab Corp-LH company

1)Answer

2)Answer

c)Company Ranking (using your financial documents, identify 2021 revenue, profit loss/gain and total liabilities)- see below example one my teammate lindsey given for  Lab Corp-LH company

2. Industry(Helath care Facilities and services) Strengths & Weaknesses overall 

a)Give 3 strenghts(Please see below example one my teammate lindsey given for  health care facilities and services industry)

b)Give 3 weekness(Please see below example one my teammate lindsey given for  health care facilities and services industry)

3) Market Rankings (Whether the market’s ranking of the companies (e.g., stock performances in the secondary market) agree with your analysis in #1)-Please see below example one my teammate Lindsey given for  Lab Corp-LH company.

Lindsey Answers: One of my teammate Linsey provided answers for other company  .Please use as reference.

  1. Company Rankings (The ranking of each company in the industry in terms of their financial strengths and weaknesses) ~ One page total Laboratory Corporation of America Holdings (Ticker: LH) - Lindsey
  2.            a)LH Strengths:
  3. LapCorp reported a gross profit of $56,243 billion, an increase of 33.34 percent from the previous year. The Company also reported a total revenue of $16,120.9 billion in 2021, an increase of 13.39 percent from the previous year. These figures can show an increase in demand for the Company’s products and services. Additionally, total operating cash flow for 2021 was $3,109.6 billion, an increase of 31.33 percent from 2020. Investments made by the company can also be attributed to these gains. 
  4. Strengths from the balance sheet: Cash and cash equivalents for 2021 was reported at 14,727 billion, an increase of 10.31 percent from the previous year. Net Property, Plant and Equipment (PP&E) in 2021 was $28,154 billion, an increase of 3.05 percent from the previous year. An increase in PPE makes sense when presented with the Company’s increase in revenue, more PP&E is needed for expansion in services and clients. Additionally, total liabilities decrease by over 10 percent in 2021 compared to 2020 (Laboratory Corporation of America Holdings, 2022).
  5. b)LH Weaknesses:
    1. Inventory in 2021 decreased by 5.43 percent. Given the increase in total revenue it is interesting to see that the Company is essentially “doing more” with less. This may be attributed to a change in the business model to a more service-based menu for clients but could also indicate unsustainable practices.
    2. Accumulated depreciation increased by 8.71 percent in 2021 compared to the previous year. This creates a larger liability for the Company. 
  6. C) Company Ranking (using your financial documents, identify 2021 revenue, profit loss/gain and total liabilities)
    1. LabCorp
      1. Revenue: LabCorp reported a total revenue of $16,120.9 billion in 2021, an increase of 13.39 percent from the previous year.
      2. Profit Loss/Gain: LabCorp reported a total operating profit of $3,302.6 billion in 2021, an increase of 10.73 percent from the previous year.
      3. Total Liabilities: LabCorp reported total liabilities of $10, 112 billion in 2021, a decrease of 5.93 percent from the previous year. 

 2.Industry(Helath care Facilities and services) Strengths & Weaknesses ~One Page

  1. Strengths:
    1. Lindsey: 
      1. Lack of regulatory standards for the government. The industry can essentially operate how it sees fit (profit-driven) 
      2. Companies have the ability to diversify their offerings (LabCorp offers drug R&D, diagnostics tech, info tech, testing supplies, etc.)
      3. COVID-19 pandemic identified the ability to pivot to telehealth/virtual services, expanded opportunities.

 Weaknesses: 

  1. Lindsey:
    1. Supply chain issues are still affecting distribution of supplies

    Staffing, industry has high turnover (https://www.mgma.com/data/data-stories/staffing,-uncertainty-among-top-pandemic-challenge)  

     3) Market Rankings (Whether the market’s ranking of the companies (e.g., stock performances in the secondary market) agree with your analysis in #1) ~ One page

  2. Laboratory Corporation of America Holdings (Ticker: LH) - Lindsey
    1. The market expects LabCorp (LH) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2022.
    2. The earnings report, which is expected to be released on October 27, 2022
    3. 52-Week High:317.17 
    4. 52-Week Low: 200.32
default image
July 1, 2023
    

We are Team of 3 each individual is given with one health Care company. I am assigned with Quest Diagnostics.(DGX-Stock Symbol).I need to answer for Quest Diagnostics for the following Questions.Please see attachments for income statement,Balance sheet,cash flow,Growth table,Financial Health and operating efficiency report for reference for quest diagnostics-Please see answers reported by another member in the team for another company

1) Company Ranking:(The ranking of each company in the industry in terms of their financial strengths and weaknesses)

a)DGX Strengths:(Give 2 strengths)-Please see below example one my teammate lindsey given for  Lab Corp-LH company

1) Answer

2) Answer

b)DGX weakness:(Give 2 weakness)-Please see below example one my teammate lindsey given for  Lab Corp-LH company

1)Answer

2)Answer

c)Company Ranking (using your financial documents, identify 2021 revenue, profit loss/gain and total liabilities)- see below example one my teammate lindsey given for  Lab Corp-LH company

2. Industry(Helath care Facilities and services) Strengths & Weaknesses overall 

a)Give 3 strenghts(Please see below example one my teammate lindsey given for  health care facilities and services industry)

b)Give 3 weekness(Please see below example one my teammate lindsey given for  health care facilities and services industry)

3) Market Rankings (Whether the market’s ranking of the companies (e.g., stock performances in the secondary market) agree with your analysis in #1)-Please see below example one my teammate Lindsey given for  Lab Corp-LH company.

Lindsey Answers: One of my teammate Linsey provided answers for other company  .Please use as reference.

  1. Company Rankings (The ranking of each company in the industry in terms of their financial strengths and weaknesses) ~ One page total Laboratory Corporation of America Holdings (Ticker: LH) - Lindsey
  2.            a)LH Strengths:
  3. LapCorp reported a gross profit of $56,243 billion, an increase of 33.34 percent from the previous year. The Company also reported a total revenue of $16,120.9 billion in 2021, an increase of 13.39 percent from the previous year. These figures can show an increase in demand for the Company’s products and services. Additionally, total operating cash flow for 2021 was $3,109.6 billion, an increase of 31.33 percent from 2020. Investments made by the company can also be attributed to these gains. 
  4. Strengths from the balance sheet: Cash and cash equivalents for 2021 was reported at 14,727 billion, an increase of 10.31 percent from the previous year. Net Property, Plant and Equipment (PP&E) in 2021 was $28,154 billion, an increase of 3.05 percent from the previous year. An increase in PPE makes sense when presented with the Company’s increase in revenue, more PP&E is needed for expansion in services and clients. Additionally, total liabilities decrease by over 10 percent in 2021 compared to 2020 (Laboratory Corporation of America Holdings, 2022).
  5. b)LH Weaknesses:
    1. Inventory in 2021 decreased by 5.43 percent. Given the increase in total revenue it is interesting to see that the Company is essentially “doing more” with less. This may be attributed to a change in the business model to a more service-based menu for clients but could also indicate unsustainable practices.
    2. Accumulated depreciation increased by 8.71 percent in 2021 compared to the previous year. This creates a larger liability for the Company. 
  6. C) Company Ranking (using your financial documents, identify 2021 revenue, profit loss/gain and total liabilities)
    1. LabCorp
      1. Revenue: LabCorp reported a total revenue of $16,120.9 billion in 2021, an increase of 13.39 percent from the previous year.
      2. Profit Loss/Gain: LabCorp reported a total operating profit of $3,302.6 billion in 2021, an increase of 10.73 percent from the previous year.
      3. Total Liabilities: LabCorp reported total liabilities of $10, 112 billion in 2021, a decrease of 5.93 percent from the previous year. 

 2.Industry(Helath care Facilities and services) Strengths & Weaknesses ~One Page

  1. Strengths:
    1. Lindsey: 
      1. Lack of regulatory standards for the government. The industry can essentially operate how it sees fit (profit-driven) 
      2. Companies have the ability to diversify their offerings (LabCorp offers drug R&D, diagnostics tech, info tech, testing supplies, etc.)
      3. COVID-19 pandemic identified the ability to pivot to telehealth/virtual services, expanded opportunities.

 Weaknesses: 

  1. Lindsey:
    1. Supply chain issues are still affecting distribution of supplies

    Staffing, industry has high turnover (https://www.mgma.com/data/data-stories/staffing,-uncertainty-among-top-pandemic-challenge)  

     3) Market Rankings (Whether the market’s ranking of the companies (e.g., stock performances in the secondary market) agree with your analysis in #1) ~ One page

  2. Laboratory Corporation of America Holdings (Ticker: LH) - Lindsey
    1. The market expects LabCorp (LH) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2022.
    2. The earnings report, which is expected to be released on October 27, 2022
    3. 52-Week High:317.17 
    4. 52-Week Low: 200.32
default image
July 1, 2023
    

We are Team of 3 each individual is given with one health Care company. I am assigned with Quest Diagnostics.(DGX-Stock Symbol).I need to answer for Quest Diagnostics for the following Questions.Please see attachments for income statement,Balance sheet,cash flow,Growth table,Financial Health and operating efficiency report for reference for quest diagnostics-Please see answers reported by another member in the team for another company

1) Company Ranking:(The ranking of each company in the industry in terms of their financial strengths and weaknesses)

a)DGX Strengths:(Give 2 strengths)-Please see below example one my teammate lindsey given for  Lab Corp-LH company

1) Answer

2) Answer

b)DGX weakness:(Give 2 weakness)-Please see below example one my teammate lindsey given for  Lab Corp-LH company

1)Answer

2)Answer

c)Company Ranking (using your financial documents, identify 2021 revenue, profit loss/gain and total liabilities)- see below example one my teammate lindsey given for  Lab Corp-LH company

2. Industry(Helath care Facilities and services) Strengths & Weaknesses overall 

a)Give 3 strenghts(Please see below example one my teammate lindsey given for  health care facilities and services industry)

b)Give 3 weekness(Please see below example one my teammate lindsey given for  health care facilities and services industry)

3) Market Rankings (Whether the market’s ranking of the companies (e.g., stock performances in the secondary market) agree with your analysis in #1)-Please see below example one my teammate Lindsey given for  Lab Corp-LH company.

Lindsey Answers: One of my teammate Linsey provided answers for other company  .Please use as reference.

  1. Company Rankings (The ranking of each company in the industry in terms of their financial strengths and weaknesses) ~ One page total Laboratory Corporation of America Holdings (Ticker: LH) - Lindsey
  2.            a)LH Strengths:
  3. LapCorp reported a gross profit of $56,243 billion, an increase of 33.34 percent from the previous year. The Company also reported a total revenue of $16,120.9 billion in 2021, an increase of 13.39 percent from the previous year. These figures can show an increase in demand for the Company’s products and services. Additionally, total operating cash flow for 2021 was $3,109.6 billion, an increase of 31.33 percent from 2020. Investments made by the company can also be attributed to these gains. 
  4. Strengths from the balance sheet: Cash and cash equivalents for 2021 was reported at 14,727 billion, an increase of 10.31 percent from the previous year. Net Property, Plant and Equipment (PP&E) in 2021 was $28,154 billion, an increase of 3.05 percent from the previous year. An increase in PPE makes sense when presented with the Company’s increase in revenue, more PP&E is needed for expansion in services and clients. Additionally, total liabilities decrease by over 10 percent in 2021 compared to 2020 (Laboratory Corporation of America Holdings, 2022).
  5. b)LH Weaknesses:
    1. Inventory in 2021 decreased by 5.43 percent. Given the increase in total revenue it is interesting to see that the Company is essentially “doing more” with less. This may be attributed to a change in the business model to a more service-based menu for clients but could also indicate unsustainable practices.
    2. Accumulated depreciation increased by 8.71 percent in 2021 compared to the previous year. This creates a larger liability for the Company. 
  6. C) Company Ranking (using your financial documents, identify 2021 revenue, profit loss/gain and total liabilities)
    1. LabCorp
      1. Revenue: LabCorp reported a total revenue of $16,120.9 billion in 2021, an increase of 13.39 percent from the previous year.
      2. Profit Loss/Gain: LabCorp reported a total operating profit of $3,302.6 billion in 2021, an increase of 10.73 percent from the previous year.
      3. Total Liabilities: LabCorp reported total liabilities of $10, 112 billion in 2021, a decrease of 5.93 percent from the previous year. 

 2.Industry(Helath care Facilities and services) Strengths & Weaknesses ~One Page

  1. Strengths:
    1. Lindsey: 
      1. Lack of regulatory standards for the government. The industry can essentially operate how it sees fit (profit-driven) 
      2. Companies have the ability to diversify their offerings (LabCorp offers drug R&D, diagnostics tech, info tech, testing supplies, etc.)
      3. COVID-19 pandemic identified the ability to pivot to telehealth/virtual services, expanded opportunities.

 Weaknesses: 

  1. Lindsey:
    1. Supply chain issues are still affecting distribution of supplies

    Staffing, industry has high turnover (https://www.mgma.com/data/data-stories/staffing,-uncertainty-among-top-pandemic-challenge)  

     3) Market Rankings (Whether the market’s ranking of the companies (e.g., stock performances in the secondary market) agree with your analysis in #1) ~ One page

  2. Laboratory Corporation of America Holdings (Ticker: LH) - Lindsey
    1. The market expects LabCorp (LH) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2022.
    2. The earnings report, which is expected to be released on October 27, 2022
    3. 52-Week High:317.17 
    4. 52-Week Low: 200.32
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