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Problem: supply chain challenges impacting operations and profitability,…
Problem: supply chain challenges impacting operations and profitability
World events
Research question: What are the global procurement strategies to consider that support organisation profitability and maintain operation
Title: Factors Affecting the Construction Materials Supply Chain disruption
Inflation and Price
Fuel prices
External forces
Availability of supply
Import/export [regulation]
Labour shortages
World events
Russia /Ukrain war
Pandemic
Demand & supply
Logistic
shortage of labour
Pandemic
Clogged port
Shortage of warehouse
Labour
Inflation
MICRO ANALYSIS:
Factors Affecting the Construction Materials Supply Chain disruption
Customers
Change in purchasing behaviours due to pandemic- more online purchases rather than walk in customers
Increased payment via credit rather than cash sales
Increased customer support due to online purchases, disruption in deliveries, shortages of labour
Customer loyalty based on open communications on latest delivery updates etc
Suppliers
Questing further investment due to fall in demand driven by consumer uncertainty.
Significant rise in transportation and deliveries cost due to fuel shortage
Sri Lanka government importation ban leaves suppliers with overstock. Suppliers will look to sell to other countries with financial certainty.
Skilled labour migration from Sri Lanka impacting organisation operations
Significant currency devaluation offers pricing challenges
Employees
Training existing employees to communicate to customer regarding the supply chain challenges, demand and logistics in the construction sectors and keeping customer informed
Employee awareness of the wider impact of these supply chain challenges on other departments such as marketing, sales etc i.e more investment in B2B marketing to support existing project
Lack of skills employees who fully understand supply chain challenges Serial Investment faces
Management (Investors)
Owner decision making on where to invest or withhold funds due to inflation, currency devaluation, high cost of loans (due to interest rate) and overall instability.
Successful adaptation to market volatility, resilient supply chain strategies, and transparent communication are vital
Tightening credit markets, encouraging more cash sales and strained supplier relationships
Using owner's reputation, network and contacts to procure products and keep operations moving
Competitors
High stock reserves allowed Serial Investment to control market pricing of products, ensuring continuous operation rather than closure
The industry faces hurdles due to inflation, higher taxes, and currency fluctuations, causing closures for many companies
Leveraging its market reputation and ample stock reserves, Serial Investment maintains competitiveness.
Construction material market is crowded with a lot of small competitors buying from wholesellers/importers
Reflective development report
PART :4 Leaders Development
What are my strengths and weaknesses as a leader (and how do I know)?
How do these relate to my intended career direction or aspiration?
Is there a gap in confidence or competence that should be filled?
What 3 development goals can I set?
What specific actions or challenges will help to develop these areas.
What resources might assist in these actions.
Is there any research that supports my thinking?
PART:5 leadership application.
PART :1 Career Management Reflection
What specific actions or challenges will help to develop these areas.
What have I learnt about my own career future from the activities in this topic?
Do my current skills and experience and behaviours map well to my aspirations?
What research or other evidence supports my thinking
PART:2 Personality Reflection
What experiences occurred that allow me to reflect on personality (eg self assessment, peer assessment)
What did I learn from this about myself and the way I interact with others - How might it impact my future thinking or action
What will I do about it - How have I incorporated this into my own development plans
What research have I carried out to support my assumptions
PART:3 Team Work
What teamworking experiences occurred
What did I learn from this - How might it impact my future thinking or action
What will I do about it - How have I incorporated this into my own development plans
What research have I carried out to support my assumptions
Sri Lankan Construction Industry
Industry specific practices
Dynamic nature of the construction industry
Demanding schedules and tight deadlines
Limited Cost certainity
Pressure to adhere to safety standards and regulations
High Labour movement
Price sensitive
Sri Lanka Workplace Culture
Value relationships and interpersonal connections
Hierarchical nature and respecting authority
Diverse subcultural background prevalent in the workplace
Collective and community-oriented mindset