Supply Chain Management Case Study Example | Topics and Well Written Essays - 1000 words

Supply Chain Management - Case Study Example Analysis of Bearing Service Inc Bearing Service, Inc was launched by Herbert Mann in the year 1943, after identifying a business opportunity in ball bearing production. The company has been in operation for over twenty five years since its inception. Its headquarters are situated in Michigan Monrovia. In addition, the company has displayed tremendous growth in terms of structural growth and increase in sales. For example, Bearing Company started from being a single based business structure that was centralized in Detroit. The company has undergone via great expansion in selling bearing related products in various destinations/locations. Bearing Company Inc is independently managed and has decentralized its operations by establishing four subsidiaries in Michigan and in the United State. In above connection, the company focuses in distributing bearings, seals, linear motion products, power transmission tools and other accessories related to power transmission. Bearing service Inc comp rises of more than three hundred product manufactures that supplies material and products that are needed by the customer. However, due to special customers needs, Bearing Service Company Inc may contact other vendors to supply items that are required by the customer? To increase their effectiveness and relevance in the market, Bearing Service Inc provides customers with some basic training concerning their products. For example the company educates their customers on power transmission, linear motion, repair and maintenance among other trainings. Bearing service vision entails providing their clients with great satisfaction by offering them with highly innovative products as well as cultivating long term relationship and responding to any emergencies as soon as they arise. The company received its ISO 9002 Certification the year 1998.This enabled the company to compete with large companies as well ensure that there is continuous improvements. However, the company realized that it w as making low returns by entering into large contract and hence, the company decided to identify the key markets where it could excel properly (Bearing Service Inc, pp.1-2). The strength and weakness of Bearing Service Inc may be evaluated via observing the company strategic plans as internal and business external environment. The strength of Bearing service Inc may be observed in the manner in which the company has design responses for handling emerging customers’ needs based on the company plan. The company has further differentiated its products and has been keeping in touch with new innovations. For example the company, it has been reported that the company has embraced innovativeness to cope with globalization unlike other companies in this industry. In addition, bearing company provides basic training to its customers which also form the basis of its strength in the market. The company has well established logistic and inventory management systems that also form the bas is of its strength. Among the capabilities of bearing company in respect to inventory management include; Plant and crib surveys, establishment of customers identification numbers, usage evaluation, periodic stock taking as well as establishment of customized parts packaging. This has enabled the Bearing Company to minimize numerous cost such as the cost of bearing service provision, materials handling cost,