Discuss about the Supply Chain Of Cox And King Travel Company.
Cox and King is a well-established travel company established in 1758 that organize small and group tours across the world. The holiday plan range from luxurious to the adventure trip around the world. They have an experience of over 250 years for the eminent services including high quality service, excellent value and a great attention to individual experience. They are offering services in Indian Subcontinent, Latin America, Africa, the Middle East, the Far East, Europe and Australia and New Zealand. They are operating in over 22 countries and 4 continents. With a booming travel industry, Cox and Kings are gaining market advantage with a vast market approach. The consumer centric approach used by the company helps them in gaining a competitive advantage. Cox and Kings is a leading Enterprise content management solution to gain better volumes and customer care. The centralized Enterprise wide repository helps in managing the data in an effective way. The supply chain allow in managing the products and services to the customers in an effective way (Cox and Kings, 2017).
The performance of the tourism supply chain largely depends upon all the members involved in it. This is important for the travel corporation to manage the supply chain efficiently by organizing the data. The in-depth form of collaboration therefore helps in organizing the data in an effective way. The multinational companies are sensing an increasing requirement of ann. effective supply chain in order to manage the operating cost (Van Weele, 2009).
The supply chain operates through business to business relationship in order to deliver effective services in order to gain financial performance. This will help in favouring the business operations. The travel companies have made changes appropriately according to the travel foundation. This is important for managing the changes in a well-coordinated environment in order to deal with the issues. This will be effective in order to measure the changes taking place in the most beneficial way to upgrade the economic result. Cox and Kings is making an effective changes in order to manage the stakeholder partnership by organizing the efforts effectively, Cox and Kings is focusing on establishing an effective supply chain by implementing the following steps:
Business can only derive benefit if they are practicing an effective supply chain management they are increasingly expecting responsible behavior in order to increase the revenue. In order to remain competitive in the market, the purpose of an organization is to meet the stated performance by developing an effective reputation in the market. This will however help in protecting the image and status. This will particularly help in meeting customer expectations and effective market goals. Tourism supply chain includes many components that not only help in accommodation, transport and excursion but also helps in managing the allied activities (Brewer et al 2008). These functions are important in managing the business activities by aligning the requirements upon the market necessity. A further aspect of tourism supply chain includes activities of customers who are on holiday. This is undertaken on the basis of the previous tour experiences. In such a situation, Cox and Kings play a vital role in providing an effective advice to ensure an effective link in between the local producers and the service provider. This is important in handling the gaps in between the customers and the tour operators (Zhang, Song & Huang, 2009).
They are including the holiday experiences in order to ensure effective services. The purpose is to regain the market capacity ensuring a healthy information exchange.
Socio- economic and cultural issues includes the number of aspects necessary for managing the economic development and well-being. In order to manage the situation it is eventually important to consider the concept of sustainability includes transport and development of the positive and effective measures. The example of sustainability is auditing and management of the hotel. The purpose is to develop a linkage that helps in managing the situation by fairly combining the efforts. Cox and kings has committed to use fair trade practices that will benefit the business in ensuring direct tourist expenditure and use of natural resources. There are certain gaps in managing the activities by developing sustainable tourism and operations (Song, 2012). This however helps in ensuring an effective growth and development. The focus of sustainable tourism is to reduce the cost through energy, water and waste. Development of this will however help in ensuring sustainable results. It is important to focus on the individual capacity by forming alliance and capacities. These capacities will help in managing the standard in order to organize the capacities in an effective way. Preservation measures are important for managing the actives in an effective way. There is a necessity to manage task in an effective way by organizing the process in a better way (Waters & Rinse, 2014).
For a Tour and travel operator it is evident to have knowledge regarding the market competition and coordinating the action accordingly. A number of initiatives are taken in different countries in order to overcome the issue. These issues can only be managed if the resources are kept in an effective way by coordinating the supply chain process in between various aspects. This has become important in arranging an effective result by processing the gap in between organizing the resources well in advance. This is important in understanding the issues and then helping in meeting the needs that are arising out of the problems (Van Weele, 2009).
Good practice is important for a business to meet the result. This activity helps in demonstrating the effective approaches well in advance in order to overcome the business issue. Cox and Kings do have a serious market demand in order to overcome needs of the customers. They do not tend to create local tour provider that causes a gap in meeting customer needs. The actions taken by the company are short term and cause a gap in understanding the market requirements. The suppliers are chosen on the basis o the overall quality which includes sustainability. The issue of sustainability is most critical in overcoming the problems that are faced in the current market condition (Solomon et al 2013). Despite of focussing on environment the focus need to be given on managing other issues. This will help in overcoming the existing issues and meeting the gaps at priority. Overall purpose is to arrange the mechanism and allowing in providing an effective system that help in gaining sustainable results. This is important for allocating the resources and developing a positive attitude by collaborating different aspects. There are certain good examples that are important for improving the overall performance. These targets are directly in proportion to the organizational performance (Schönsleben, 2007). The main purpose is to target on the following features as follows:
This is important for the travel corporation to manage the supply chain efficiently by organizing the data. The value chain can only be organized in an effective way by managing all the tangible factors in order to coordinate the effective results. Cox and Kings have to develop better condition in the international market in order to gain market result. The value chain is important for harmonising the sustainable results and requisite demand in order to gain result. The value of the brand can only be generated well of it is coordinated in an appropriate way. This is necessary to manage the changes and fulfilling the market requirements by meeting the requisite market needs. This will be effective in order to measure the changes taking place in the most beneficial way to upgrade the economic result. This is important to organize the resources so as to gain concrete capacity (Pettit, Fiksel & Croxton, 2010).
The purpose of imbos and outbound logistic is to meet the needs of the customers. This is gained by coordinating the efforts of the different components in the supply chain and managing it in a better way. The integrating of supple chain and logistic involves a better coordination of the functions and genuinely finding an appropriate way to integrate it. The consumer centric approach used by the company helps them in gaining a competitive advantage. Cox and Kings is a leading Enterprise content management solution to gain better volumes. These approaches will help in coordinating the result and gaining an effective market position (Monczka ET al2015).
The core value of Cox and king is to coordinate the value chain by promoting the tourism products. This in return will help the company in coordinating with the differential functions and acting upon it. There is already a seamless competition in the tourism industry. The only way to coordinate the faction is to understand the value and acting proactively. These strategies are important in managing the changes and acting effectively. A further aspect of tourism supply chain includes activities of customers who are on holiday. This is undertaken on the basis of the previous tour experiences. These factors are important to develop an effective supply chain in order to gain fundamental results (Jonsson, 2008).
Conclusion
To conclude, it is important for a business organization to coordinate the supply chain. This will help in achieving the task in an effective way by coordinating the business functions in a well coordinated way. For an organization like Cox and Kings it is evident to develop effective measures that will help in coordinating the business functions in an effective way. The management purpose is to gain better volumes and customer care. The centralized Enterprise wide repository helps in managing the data in an effective way.
References
Brewer, A. M., Button, K. J., & Hensher, D. A. (Eds.). (2008). Handbook of logistics and supply-chain management. Emerald Group Publishing Limited
Cox and Kings,(2017). (Online). Retrieved from: https://www.coxandkings.com.au/. Accessed on: 11 October 2017
Font, X., Tapper, R., Schwartz, K., & Kornilaki, M. (2008). Sustainable supply chain management in tourism. Business strategy and the environment, 17(4), 260-271.
Jonsson, P., (2008). Logistics and supply chain management. London: McGraw-Hill Higher Education.
Monczka, R.M., Handfield, R.B., Giunipero, L.C. & Patterson, J.L.,( 2015). Purchasing and supply chain management. Cengage Learning.
Pettit, T.J., Fiksel, J. & Croxton, K.L., (2010). Ensuring supply chain resilience: development of a conceptual framework. Journal of business logistics, 31(1), pp.1-21.
Rushton, A., Croucher, P. & Baker, P., (2014). The handbook of logistics and distribution management: Understanding the supply chain. Kogan Page Publishers.
Russell, R.S. & Taylor-Iii, B.W., (2008). Operations management along the supply chain. John Wiley & Sons
Schönsleben, P., (2007). Integral logistics management: Operations and supply chain management in comprehensive value-added networks. CRC Press.
Solomon,M. et al (2013). Marketing: Real People, Real Choices. Pearson Higher Education AU, 2013
Song, H. (2012). Tourism supply chain management (Vol. 23). Routledge.
Van Weele, A.J.,( 2009). Purchasing & supply chain management: analysis, strategy, planning and practice. Cengage Learning EMEA.
Waters, D., & Rinsler, S. (2014). Global logistics: New directions in supply chain management. Kogan Page Publishers
Waters, D., (2011). Supply chain risk management: vulnerability and resilience in logistics. Kogan Page Publishers.
Zhang, X., Song, H., & Huang, G. Q. (2009). Tourism supply chain management: A new research agenda. Tourism management, 30(3), 345-358.
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