Learning Outcome on Meaningful Growth
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Learning Outcomes
Industries continue to achieve meaningful growth irrespective of the economic cycle with their gross revenue capable of growth above the rate of the GDP of a country (Chase, & Jacobs, 2014). Globalization and technological expansion in the current world define the strategic nature of purchasing and influencing the design of products. The session (Chase, & Jacobs, 2014) had a focus on enterprise resource planning, forecasting, sales and operation planning, and inventory management. Every manufacturer and company relies on proper planning and decision making to direct its operation to meet the demand of the customers at a minimal cost.
The knowledge during the course and video review was productive in presenting views on what takes place in the supply chain process, what each key player is concerned with and the necessary tools that are used. Companies have to develop means and measures to respond to the demand or create demand for their products and support them in producing what the market can take (Chase, & Jacobs, 2014). The knowledge I have acquired will help in developing strategies to incorporate means available across the business environment that can support the supply chain process in a more appropriate way. In my personal life, I have the capacity of incorporating different structures within the supply chain process to achieve the product success.
I can confidently pass the knowledge to students explaining the contents of the study explicitly and relating to enterprise resource planning, forecasting, sales and operation planning, and inventory management. The learning process was smooth with no challenge whatsoever, with an easy grasp of concepts and principles of the session. The book to support the learning process was available, and the discussion with peers bore fruit in helping to understand contents of the course (Chase, & Jacobs, 2014). The learning process was highly efficient, with the proper organization to ensure that the students participated fully whenever possible.