Introduction to Microservice Architecture Using SpringBoot - Part 1

 

21] What is Conflict?

Conflict is the result of opposing thoughts, actions or ideas disrupting the status quo. Conflict is

seen in everyday life, and is a natural, often selfish, and sometimes productive phenomenon.

Because it can lead to violence and war in certain situations, the word 'conflict' often appears

with a negative connotation. The reality is that, if dealt with properly and maturely, conflict can

lead to positive results and personal growth. In dramatic literature, conflict is considered the

driving force of the plot. Most books, plays, or movies follow this general structure: introduce characters ,Set up conflict

22] DEFINE BUSINEES ENVIORMENT ? TYPES OF ENVIORMENT ?

Definition of Business Environment is sum or collection of all internal and external factors such as employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc. 

Types of Business Environment

The main types of business environments are as follows:

1. Micro Environment

A microenvironment can be described as a collection of elements that affect the functioning

of the business. It's completely internal and does not include third parties and external

vendors.

2. Macro Environment

When a business environment lies outside the market and microenvironments, it is called a macro business environment. Gross Domestic Product (GDP) Inflation, employment rates, expenditure, and monetary/fiscal policies are a part of macro environments.

3. Market Environment

A business's market environment combines internal and external factors that influence an

organisation's marketing activities. It determines their business strategy and may involve

launching specific campaigns for increased customer acquisition and sales.

4. Natural Environment

Natural environments refer to a collection of natural resources used by businesses to

conduct operations. For example

23] PASTLE ANALYSIS?

It is a broad fact-finding activity around the external factors that could affect an organisation’s decisions, helping it to maximise opportunities and minimise threats. It audits six external influences on an organisation:

Political: Tax policy; environmental regulations; trade restrictions and reform; tariffs; political stability

Economic: Economic growth/decline; interest, exchange, inflation and wage rates; minimum wage; working hours; unemployment (local and national); credit availability; cost of living

Sociological: Cultural norms and expectations; health consciousness ;population growth rates; age distribution; career attitudes; health and safety

Technological: New technologies are continually emerging (for example, in the fields of robotics and artificial intelligence), and the rate of change itself is increasing. How will this affect the organisation’s products or services?

Legal: Changes to legislation impacting employment, access to materials, quotas, resources, imports/exports, and taxation

Environmental: Global warming and the increased need to switch to sustainable resources; ethical sourcing (both locally and nationally), including supply chain intelligence. Pandemics and other emergencies.

24] SUPPLY CHAIN MANAGEMENT ?

Supply-chain management is a cross-functional approach that includes managing the

movement of raw materials into an organization, certain aspects of the internal processing ofmaterials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.

25]ADV OF SUPPLY CHAIN MANAGEMENT ?

1. Higher Efficiency Rate:

When your business is able to incorporate supply chains, integrated logistics, and product innovation strategies, you’ll be in a great position to not only predict demand as well as to act accordingly.

2. Decrease Cost Effects:

One of the advantages of supply chain management is the costs decrease in different areas. 

The most important ones are:

Improves your inventory system; Adjusts the storage space for finished goods which eliminates damage to resources;Improves your system’s responsiveness to the actual customer’s requirements;

3. Increases Output:

Communication improvement is among the main advantages of supply chain management. This adds up to the coordination and collaboration with shipping and transport companies, vendors, and suppliers.

4. No More Delays In Processes:

The benefits of supply chain management include the fact that through communication, you can actually lower any delays in processes. Since everyone is aware of what they’re doing as well as what others are doing, this will mitigate any late shipments from vendors, logistical errors in distribution channels, and hold-ups on production lines.

26] TYPES OF SUPPLY CHAIN MANAGEMENT?

The Continuous Model A continuous model is a supply chain built for continued, scheduled

delivery of goods. This model ensures a continued, steady cadence of products and resources.

The Fast Model A fast model is most often used by businesses that manufacture finished products with a short market lifecycle, making it the most common for the delivery of products considered to be trendy.The Efficient ModelThe efficient chain model is best for businesses that are in highly competitive environments and must strive for high efficiency in their delivery logistics to retain a competitive advantage.

27] cycle time in supply chain?

Cycle time or lead time is the end-to-end delay in a business process. For supply chains, the business processes of interest are the supply chain process and the order-to-delivery process. Correspondingly, we need to consider two types of lead times: supply chain lead time and order-to-delivery lead time. The order-to delivery lead time is the time elapsed between the placement of order by a customer and the delivery of products to the customer. If the items are in stock, then it would be equal to the distribution lead time and order management time. If the items are made to order, then this would be the sum of supplier lead time, manufacturing lead time, distribution lead time, and order management time.

28] Reverse Supply Chain ?

The reverse supply chain can be defined as the process where a company can retrieve a product or service from the customer or other entities that may not want the product and dispose of, recycle, repurpose and/or resell the product or service. Retailers use the idea of the reverse supply chain model when they allow for returned items. A robust return policy allows for companies to reconnect with customers and grow revenues through reselling returned items.

29] What is supply chain optimization?

Supply chain optimization makes the best use of technology and resources like blockchain, AI and IoT to improve efficiency and performance in a supply network. An organization’s supply chain is a critical business process that is crucial for a successful customer experience. Supply chain design Describes network design processes like where warehouse facilities are located and how product flows between them. Supply chain planning Includes the creation of a strategic supply chain deployment plan, inventory planning, and the coordination of assets to optimize delivery of goods, services and information from supplier to customers — balancing supply and demand.Supply chain execution Focused on execution-oriented applications and systems: warehouse and inventory management, transportation management, global trade management, and other execution applications, such as real-time decision support, supply chain visibility and order

management systems.