[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.00,0:00:03.03,Default,,0000,0000,0000,,SPEAKER: Alex is a\Nmajor tech enthusiast.
Dialogue: 0,0:00:03.03,0:00:06.50,Default,,0000,0000,0000,,Recently, he attended a\Nvirtual Apple launch event,
Dialogue: 0,0:00:06.50,0:00:08.18,Default,,0000,0000,0000,,where he witnessed\Nthe capabilities
Dialogue: 0,0:00:08.18,0:00:11.03,Default,,0000,0000,0000,,of all new iPhone 13 series.
Dialogue: 0,0:00:11.03,0:00:15.18,Default,,0000,0000,0000,,Instantly, he made the decision\Nto get an iPhone 13 Pro.
Dialogue: 0,0:00:15.18,0:00:17.81,Default,,0000,0000,0000,,However, he missed the\Npre-booking deadline,
Dialogue: 0,0:00:17.81,0:00:19.58,Default,,0000,0000,0000,,and he's been waiting\Nfor this phone
Dialogue: 0,0:00:19.58,0:00:22.67,Default,,0000,0000,0000,,to hit the e-commerce\Nsites ever since.
Dialogue: 0,0:00:22.67,0:00:25.94,Default,,0000,0000,0000,,After waiting for a long time,\Nhe visited the offline Apple
Dialogue: 0,0:00:25.94,0:00:28.22,Default,,0000,0000,0000,,Store, where the store\Nrepresentative informed him
Dialogue: 0,0:00:28.22,0:00:32.06,Default,,0000,0000,0000,,about an ongoing delay in the\Nproduction of iPhone 13 Pro due
Dialogue: 0,0:00:32.06,0:00:34.17,Default,,0000,0000,0000,,to the supply\Nchain inefficiency.
Dialogue: 0,0:00:34.17,0:00:36.17,Default,,0000,0000,0000,,Alex then went to\Na couple of more
Dialogue: 0,0:00:36.17,0:00:40.01,Default,,0000,0000,0000,,trusted Apple reseller outlets\Nand received the same response.
Dialogue: 0,0:00:40.01,0:00:43.10,Default,,0000,0000,0000,,He then became intrigued\Nabout this term supply chain
Dialogue: 0,0:00:43.10,0:00:46.04,Default,,0000,0000,0000,,and how it affects the\Nproduction of a big corporation
Dialogue: 0,0:00:46.04,0:00:50.78,Default,,0000,0000,0000,,like Apple Inc. Therefore, he\Nbegan exploring this topic.
Dialogue: 0,0:00:50.78,0:00:53.76,Default,,0000,0000,0000,,He spoke with his friend\NRachel, who works at Apple Inc
Dialogue: 0,0:00:53.76,0:00:55.67,Default,,0000,0000,0000,,to learn about supply\Nchain management
Dialogue: 0,0:00:55.67,0:00:58.73,Default,,0000,0000,0000,,and how the chain is disrupted\Ndue to international chip
Dialogue: 0,0:00:58.73,0:00:59.72,Default,,0000,0000,0000,,shortage.
Dialogue: 0,0:00:59.72,0:01:02.24,Default,,0000,0000,0000,,Rachel explained to him\Nabout supply chain management
Dialogue: 0,0:01:02.24,0:01:04.13,Default,,0000,0000,0000,,using Apple Inc's example.
Dialogue: 0,0:01:04.13,0:01:07.16,Default,,0000,0000,0000,,She said if you order an\NiPhone from the Apple Store,
Dialogue: 0,0:01:07.16,0:01:09.73,Default,,0000,0000,0000,,you'll notice that Apple\Nis not precisely delivering
Dialogue: 0,0:01:09.73,0:01:11.15,Default,,0000,0000,0000,,the product on its own.
Dialogue: 0,0:01:11.15,0:01:13.30,Default,,0000,0000,0000,,All the iPhones\Navailable on Apple Store
Dialogue: 0,0:01:13.30,0:01:15.88,Default,,0000,0000,0000,,are majorly manufactured\Nat the Shenzhen assembly
Dialogue: 0,0:01:15.88,0:01:17.29,Default,,0000,0000,0000,,plant in China.
Dialogue: 0,0:01:17.29,0:01:19.87,Default,,0000,0000,0000,,But before that, raw\Nmaterial suppliers
Dialogue: 0,0:01:19.87,0:01:21.64,Default,,0000,0000,0000,,from all around\Nthe world deliver
Dialogue: 0,0:01:21.64,0:01:25.63,Default,,0000,0000,0000,,goods needed to manufacture an\NiPhone to this assembly site.
Dialogue: 0,0:01:25.63,0:01:27.95,Default,,0000,0000,0000,,And once the product\Nis assembled,
Dialogue: 0,0:01:27.95,0:01:29.83,Default,,0000,0000,0000,,it gets shipped to\Nthe storage warehouse
Dialogue: 0,0:01:29.83,0:01:32.32,Default,,0000,0000,0000,,and then to your doorstep\Nby third party vendors
Dialogue: 0,0:01:32.32,0:01:34.51,Default,,0000,0000,0000,,like FedEx or UPS.
Dialogue: 0,0:01:34.51,0:01:38.86,Default,,0000,0000,0000,,This means entities such as raw\Nmaterial supplier, manufacturer,
Dialogue: 0,0:01:38.86,0:01:41.32,Default,,0000,0000,0000,,and third party\Nlogistics vendor are
Dialogue: 0,0:01:41.32,0:01:43.63,Default,,0000,0000,0000,,in consistent communication\Nwith each other
Dialogue: 0,0:01:43.63,0:01:46.18,Default,,0000,0000,0000,,until the iPhone reaches you.
Dialogue: 0,0:01:46.18,0:01:48.22,Default,,0000,0000,0000,,These entities and\Ntheir communication
Dialogue: 0,0:01:48.22,0:01:49.96,Default,,0000,0000,0000,,involved in product\Nmanufacturing
Dialogue: 0,0:01:49.96,0:01:51.91,Default,,0000,0000,0000,,to product delivery\Nis collectively
Dialogue: 0,0:01:51.91,0:01:53.86,Default,,0000,0000,0000,,considered as a supply chain.
Dialogue: 0,0:01:53.86,0:01:56.56,Default,,0000,0000,0000,,After listening to\Nthis, Alex asked Rachel
Dialogue: 0,0:01:56.56,0:01:59.29,Default,,0000,0000,0000,,how Apple Inc has\Nimplemented this supply chain
Dialogue: 0,0:01:59.29,0:02:02.23,Default,,0000,0000,0000,,and how can one design\Na sleek strategy
Dialogue: 0,0:02:02.23,0:02:05.08,Default,,0000,0000,0000,,to manage a supply chain\Nthat is not overly influenced
Dialogue: 0,0:02:05.08,0:02:06.85,Default,,0000,0000,0000,,by external factors.
Dialogue: 0,0:02:06.85,0:02:09.88,Default,,0000,0000,0000,,In response, Rachel\Nexplained, well, there
Dialogue: 0,0:02:09.88,0:02:12.70,Default,,0000,0000,0000,,are five stages for building\Nsupply chain management,
Dialogue: 0,0:02:12.70,0:02:15.75,Default,,0000,0000,0000,,and Apple has adopted these\Nstages while building the supply
Dialogue: 0,0:02:15.75,0:02:17.55,Default,,0000,0000,0000,,chain management strategy.
Dialogue: 0,0:02:17.55,0:02:19.74,Default,,0000,0000,0000,,The first stage of\Nbuilding a supply chain
Dialogue: 0,0:02:19.74,0:02:22.26,Default,,0000,0000,0000,,is planning an\Noperational strategy.
Dialogue: 0,0:02:22.26,0:02:26.22,Default,,0000,0000,0000,,Apple, since its inception,\Nhas had a clear goal.
Dialogue: 0,0:02:26.22,0:02:29.98,Default,,0000,0000,0000,,To provide the best personal\Ncomputing devices to consumers.
Dialogue: 0,0:02:29.98,0:02:33.00,Default,,0000,0000,0000,,The initiative of Apple to\Nscrutinize each app or program
Dialogue: 0,0:02:33.00,0:02:35.19,Default,,0000,0000,0000,,before launching it\Non the Apple App Store
Dialogue: 0,0:02:35.19,0:02:37.78,Default,,0000,0000,0000,,makes all Apple\Ndevices more secure.
Dialogue: 0,0:02:37.78,0:02:39.96,Default,,0000,0000,0000,,These pre-planned\Nactions or strategies
Dialogue: 0,0:02:39.96,0:02:43.83,Default,,0000,0000,0000,,had been the most vital\NUSPs of this organization.
Dialogue: 0,0:02:43.83,0:02:45.97,Default,,0000,0000,0000,,The next stage is sourcing.
Dialogue: 0,0:02:45.97,0:02:48.93,Default,,0000,0000,0000,,In this stage, Apple acquires\Nequipment and materials
Dialogue: 0,0:02:48.93,0:02:50.94,Default,,0000,0000,0000,,from suppliers and\Nthen ships them
Dialogue: 0,0:02:50.94,0:02:53.17,Default,,0000,0000,0000,,to the offshore assembly\Nfactory in China.
Dialogue: 0,0:02:53.17,0:02:56.61,Default,,0000,0000,0000,,The 120 hertz screens are\Nexported from Samsung's Asan
Dialogue: 0,0:02:56.61,0:02:57.31,Default,,0000,0000,0000,,plant.
Dialogue: 0,0:02:57.31,0:03:00.15,Default,,0000,0000,0000,,Foxconn ships batteries,\Nand the processing chips
Dialogue: 0,0:03:00.15,0:03:03.45,Default,,0000,0000,0000,,are manufactured and\Nexported by TSMC.
Dialogue: 0,0:03:03.45,0:03:06.85,Default,,0000,0000,0000,,Then comes the third\Nstage, known as Making.
Dialogue: 0,0:03:06.85,0:03:10.18,Default,,0000,0000,0000,,This is the stage where Apple\Nmanufactures its products.
Dialogue: 0,0:03:10.18,0:03:12.09,Default,,0000,0000,0000,,The outsourced\NChinese assembly plant
Dialogue: 0,0:03:12.09,0:03:15.03,Default,,0000,0000,0000,,majorly assembles all Apple\Nproducts and ships them
Dialogue: 0,0:03:15.03,0:03:17.37,Default,,0000,0000,0000,,to the warehouses or\Ndistribution centers
Dialogue: 0,0:03:17.37,0:03:19.59,Default,,0000,0000,0000,,spread across\Nmultiple continents.
Dialogue: 0,0:03:19.59,0:03:22.49,Default,,0000,0000,0000,,After that, the next stage\Nof supply chain management,
Dialogue: 0,0:03:22.49,0:03:24.48,Default,,0000,0000,0000,,delivery, comes into play.
Dialogue: 0,0:03:24.48,0:03:26.31,Default,,0000,0000,0000,,Here, the products\Nordered online
Dialogue: 0,0:03:26.31,0:03:28.19,Default,,0000,0000,0000,,get shipped to the\Ndoorstep of consumers
Dialogue: 0,0:03:28.19,0:03:31.28,Default,,0000,0000,0000,,from storage warehouses,\Nwhereas the distribution
Dialogue: 0,0:03:31.28,0:03:33.32,Default,,0000,0000,0000,,centers, on the other\Nhand, send items
Dialogue: 0,0:03:33.32,0:03:35.55,Default,,0000,0000,0000,,to retail stores\Nfor offline sales.
Dialogue: 0,0:03:35.55,0:03:37.88,Default,,0000,0000,0000,,This whole shipping\Nprocess is carried out
Dialogue: 0,0:03:37.88,0:03:41.33,Default,,0000,0000,0000,,by third party logistics\Nvendors, such as FedEx.
Dialogue: 0,0:03:41.33,0:03:45.53,Default,,0000,0000,0000,,Supply chain management's last\Nbuilding stage is returns.
Dialogue: 0,0:03:45.53,0:03:48.26,Default,,0000,0000,0000,,Here, the faulty or damaged\Nproducts during delivery
Dialogue: 0,0:03:48.26,0:03:50.36,Default,,0000,0000,0000,,get shipped back to\Nthe storage warehouses
Dialogue: 0,0:03:50.36,0:03:53.42,Default,,0000,0000,0000,,and then the assembly\Nplant for refurbishment.
Dialogue: 0,0:03:53.42,0:03:57.14,Default,,0000,0000,0000,,Statistically speaking,\N97% of Apple's supply chain
Dialogue: 0,0:03:57.14,0:04:00.81,Default,,0000,0000,0000,,is all about outsourcing\Nagreements and collaborations,
Dialogue: 0,0:04:00.81,0:04:03.62,Default,,0000,0000,0000,,which has helped Apple become\Nthe best computing device
Dialogue: 0,0:04:03.62,0:04:04.53,Default,,0000,0000,0000,,producer.
Dialogue: 0,0:04:04.53,0:04:07.98,Default,,0000,0000,0000,,However, due to the recent\Nworldwide chip shortage,
Dialogue: 0,0:04:07.98,0:04:10.83,Default,,0000,0000,0000,,Apple's supply chain has\Nbeen affected adversely.
Dialogue: 0,0:04:10.83,0:04:14.04,Default,,0000,0000,0000,,The world was shut down because\Nof the COVID-19 pandemic,
Dialogue: 0,0:04:14.04,0:04:16.59,Default,,0000,0000,0000,,and many factories\Nalso went down with it,
Dialogue: 0,0:04:16.59,0:04:18.68,Default,,0000,0000,0000,,leaving chip\Nmanufacturing materials
Dialogue: 0,0:04:18.68,0:04:20.57,Default,,0000,0000,0000,,unavailable for months.
Dialogue: 0,0:04:20.57,0:04:22.61,Default,,0000,0000,0000,,Increased consumer\Nelectronic demand
Dialogue: 0,0:04:22.61,0:04:26.27,Default,,0000,0000,0000,,in recent times and scarcity\Nof semiconductor supplies
Dialogue: 0,0:04:26.27,0:04:28.95,Default,,0000,0000,0000,,has put pressure on\NApple supply chain,
Dialogue: 0,0:04:28.95,0:04:32.54,Default,,0000,0000,0000,,prompting the company to halt\Nproduction of 10 million iPhone
Dialogue: 0,0:04:32.54,0:04:34.34,Default,,0000,0000,0000,,13 devices.
Dialogue: 0,0:04:34.34,0:04:36.62,Default,,0000,0000,0000,,After listening to\NRachel, Alex learned
Dialogue: 0,0:04:36.62,0:04:39.47,Default,,0000,0000,0000,,why there is a constant delay\Nin the delivery of iPhones
Dialogue: 0,0:04:39.47,0:04:43.13,Default,,0000,0000,0000,,and became more patient about\Nhis desire to buy an iPhone.
Dialogue: 0,0:04:43.13,0:04:45.80,Default,,0000,0000,0000,,On that note, here's\Na question for you.
Dialogue: 0,0:04:45.80,0:04:47.96,Default,,0000,0000,0000,,From the given\Noptions, which option
Dialogue: 0,0:04:47.96,0:04:51.53,Default,,0000,0000,0000,,does not fall under the stages\Nof supply chain management?
Dialogue: 0,0:04:51.53,0:04:54.29,Default,,0000,0000,0000,,A, planning\Noperational strategy.
Dialogue: 0,0:04:54.29,0:04:56.48,Default,,0000,0000,0000,,B, sourcing.
Dialogue: 0,0:04:56.48,0:04:58.61,Default,,0000,0000,0000,,C, making.
Dialogue: 0,0:04:58.61,0:05:01.22,Default,,0000,0000,0000,,D, disposal.
Dialogue: 0,0:05:01.22,0:05:03.08,Default,,0000,0000,0000,,Do give it a thought\Nand leave your answers
Dialogue: 0,0:05:03.08,0:05:04.65,Default,,0000,0000,0000,,in the comment section below.
Dialogue: 0,0:05:04.65,0:05:07.76,Default,,0000,0000,0000,,Three lucky winners will\Nreceive Amazon gift vouchers.
Dialogue: 0,0:05:07.76,0:05:10.17,Default,,0000,0000,0000,,With the help of an\NApple Inc case study,
Dialogue: 0,0:05:10.17,0:05:12.50,Default,,0000,0000,0000,,we explored how a\Nsupply chain management
Dialogue: 0,0:05:12.50,0:05:14.48,Default,,0000,0000,0000,,strategy can be established.
Dialogue: 0,0:05:14.48,0:05:16.34,Default,,0000,0000,0000,,This domain of\Nbusiness management
Dialogue: 0,0:05:16.34,0:05:19.44,Default,,0000,0000,0000,,is crucial for any product\Nor service-based company
Dialogue: 0,0:05:19.44,0:05:20.48,Default,,0000,0000,0000,,in the long run.
Dialogue: 0,0:05:20.48,0:05:24.09,Default,,0000,0000,0000,,A well-managed supply chain\Ncan lower operational expenses,
Dialogue: 0,0:05:24.09,0:05:26.58,Default,,0000,0000,0000,,allowing a firm to\Ngain more profit.
Dialogue: 0,0:05:26.58,0:05:29.80,Default,,0000,0000,0000,,It can also improve corporate\Nbrand recognition and customer
Dialogue: 0,0:05:29.80,0:05:30.71,Default,,0000,0000,0000,,service.
Dialogue: 0,0:05:30.71,0:05:34.25,Default,,0000,0000,0000,,Hence, companies invest a great\Ndeal in their supply chain.
Dialogue: 0,0:05:34.25,0:05:36.58,Default,,0000,0000,0000,,They constantly hire\Nprofessional supply chain
Dialogue: 0,0:05:36.58,0:05:38.15,Default,,0000,0000,0000,,management experts.
Dialogue: 0,0:05:38.15,0:05:41.24,Default,,0000,0000,0000,,These professionals are tasked\Nwith managing logistics,
Dialogue: 0,0:05:41.24,0:05:42.89,Default,,0000,0000,0000,,updating the\Ncompany's inventory,
Dialogue: 0,0:05:42.89,0:05:45.76,Default,,0000,0000,0000,,and conducting a thorough\Nevaluation of the manufacturing
Dialogue: 0,0:05:45.76,0:05:49.00,Default,,0000,0000,0000,,cycle to discover\Nand correct flaws.
Dialogue: 0,0:05:49.00,0:05:51.55,Default,,0000,0000,0000,,That is the reason why\Nthese SCM professionals
Dialogue: 0,0:05:51.55,0:05:53.78,Default,,0000,0000,0000,,are compensated really well.
Dialogue: 0,0:05:53.78,0:05:56.89,Default,,0000,0000,0000,,According to Payscale, the\Naverage salary for supply chain
Dialogue: 0,0:05:56.89,0:05:59.83,Default,,0000,0000,0000,,managers is $84,000 per annum.
Dialogue: 0,0:05:59.83,0:06:02.62,Default,,0000,0000,0000,,Whereas in India, the\Naverage annual salary
Dialogue: 0,0:06:02.62,0:06:04.94,Default,,0000,0000,0000,,is around 8.5 lakhs per annum.
Dialogue: 0,0:06:04.94,0:06:06.68,Default,,0000,0000,0000,,We hope you enjoyed this video.
Dialogue: 0,0:06:06.68,0:06:09.92,Default,,0000,0000,0000,,If you did, a thumbs up\Nwould be really appreciated.
Dialogue: 0,0:06:09.92,0:06:12.25,Default,,0000,0000,0000,,Here's your reminder to\Nsubscribe to our channel
Dialogue: 0,0:06:12.25,0:06:15.13,Default,,0000,0000,0000,,and click on the bell icon for\Nmore on the latest technologies
Dialogue: 0,0:06:15.13,0:06:16.10,Default,,0000,0000,0000,,and trends.
Dialogue: 0,0:06:16.10,0:06:21.36,Default,,0000,0000,0000,,Thank you for watching, and stay\Ntuned for more from Simplilearn.
Dialogue: 0,0:06:21.36,0:06:35.00,Default,,0000,0000,0000,,