Supply Chain Management for an Journal - MyAssignmenthelp.com

Question: Discuss about theSupply Chain Management for An International Journal. Answer: Westpac Bank which is commonly referred as Westpac is one of the major banking service provider in Australia. The company is head quartered in Sydney and is one of the four major Australian bank. As of November 2016, the company had some 13.1 million customers which were being served by 1429 branches and some 4000 odd ATMs. As per the asset book size in the country, it is one of the second largest bank both in Australia and New Zealand. In the year 2016, Net profit after tax of the bank stood at $7745 million which is down 7% year-on-year. Westpac Banking Corporation is an Australian publicly listed bank. It is broken up into the following business divisions: Westpac retail and business banking, institutional banking, St.George Banking Group, BT Financial Group and New Zealand Banking. It is headquartered in Sydney. Financial Performance Over the five years through September 2016, Westpac's industry segment revenue is expected to decline at an annualised 1.8% to reach $37.8 billion, underperforming the industry in nominal terms. The decline has largely been due to the high base year in which the company rebounded from the global financial crisis. After the financial crisis, Westpac has reported rising profit before tax due to declining impairments and bad debts in its institutional banking division. The net interest margin (a more fundamental profitability measure) for the bank has also been rising due to the lower funding costs as a result of a declining cash rate. Westpac is staying focused on the domestic market and increasing its penetration through multiple brands and cross-selling products among functions to provide complete financial solutions. The industry is anticipated to face increasing regulation across the banking sector. A higher capital adequacy ratio increases the cost of funding large loans, as it requires the bank to raise extra funds, which in turn increases its liabilities. APRA has already begun implementing measures by increasing the capital requirements on residential mortgage exposures through adjusting the weightings used when measuring the risk of these assets. Banking on Technology Banks are bulking up their technological capabilities to ensure uninterrupted service delivery and better data analytics. This measure is anticipated to retain bank customers and create cost savings for banks. In addition to automating many functions and reducing branch staff numbers, banks have been developing new internet and mobile banking features. Contactless payment uptake has increased significantly over the past five years, and is projected to continue rising with the recent introduction of Apple Pay and Android Pay. As large technology firms such as Apple compete for a share of transactions, banks are under pressure to increase their investments in these features and execute new developments faster. The RBA's plan to build a real-time payments system is anticipated to boost technology expenditure over the next five years. References: Keating, B., Quazi, A., Kriz, A., Coltman, T. (2008). In pursuit of a sustainable supply chain: insights from Westpac Banking Corporation.Supply Chain Management: An International Journal,13(3), 175-179 Beck, D., Davis, E. (2005). EEO in senior management: Women executives in Westpac.Asia Pacific Journal of Human Resources,43(2), 273-288 Hindle, K., O'Connor, A. (2005).Westpac GEM Australia: A study of Australian entrepreneurship in 2004(pp. 1-70). Swinburne University of Technology Kobayashi, K. (Ed.). (1989).Preliminary Report of the Hakuho Maru Cruise: KH-87-3, July 1-August 13, 1988, Izu-Ogasawara (Bonin), East Mariana Basin and Yap Trench (WESTPAC, ODP Site Survey)