SC0001 –SUPPLY CHAIN MANAGEMENT

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Summer 2013

MBA (SUPPLY CHAIN MANAGEMENT)

SEMESTER 3

SC0001 –SUPPLY CHAIN MANAGEMENT -4 CREDITS

(BOOK ID B1542)

Note: Answer all questions. Kindly note that answers for 10 marks questions should be

approximately of 400 words. Each question is followed by evaluation scheme.

Q1. Describe the important inventory management techniques that are used in business.

(Description of Just-In-Time , Drop shipping, Bulk shipments, Record

keeping, Physical inventory ,Cleaning out old inventory-10 marks)

Answer :  Inventory Management Techniques

The following ideas come from solutions I recommended to my small business clients including retail stores, auto service departments, service companies and contractors:

- Checklist for standard inventory

- Control access to the inventory

- Inventory staging ideas

- Use inventory groupings

Q2. Discuss the seven steps that comprise a process to develop and deploy supplier assessment.

(Alignment of goals-1.25 marks; Choose evaluation approach-2.5 marks;

Develop information collection method -1.25 marks; Design a robust assessment system-1.25 marks ; Deploy the system; -1.25 marks; Give actionable feedback -1.25 marks; Produce results-1.25 marks)

Answer :

Answer : GP Strategies’ Operational Excellence Practice has helped Fortune 100 companies develop effective supply chain development initiatives, and we know the key design considerations and tradeoffs. Our Supply Chain Development model helps you integrate operational, transactional,

Q3. Define distribution strategy. Explain the different types of distribution strategies that are widely used.

(Definition of distribution strategy – mark; Types of distribution strategies – 9 marks)

Answer : For product-focused companies, establishing the most appropriate distribution strategies is a major key to success, defined as maximizing sales and profits. Unfortunately, many of these companies often fail to establish or maintain the most effective distribution strategies. Problems that we have identified include:

·         Unwillingness to establish different distribution channels for different products

·         Fear of utilizing multiple channels,

Q4. E-Procurement is the business-to-business purchase and sale of supplies and services through the Internet. Write short notes on e-procurement.

(Types of e-procurement ; Various formats used in e-procurement; E-activities; Latest development in electronic procurement; Benefits of e-procurement – 2 marks each, total 10 marks)

Answer : Types :

·         The first (and most common) is integration into core ERP/MRP environments focused on core financials and inventory. We should note that rarely is any financials integration “vanilla,” even in the case of standard ERP/MRP integration, which often forms the connectivity between front line buying and procurement activity and IT/ finance systems. Even in this area, typical fields that

·          

Q5. Several factors add up to the success of mass customisation. These factors can be grouped into four categories. Discuss the four categories.

(Customer sensitivity; Process amenability; Competitive environment ;Organisational readiness – 2.5 marks each, total 10 marks)

Answer : The objective of mass customization is to produce goods and services meetingindividual customer’s needs with near mass production efficiency (Tseng and Jiao,2001). Mass customization is a hybrid manufacturing concept existing to providehighly value added products. It is about delivering the desired product after the needsof an individual customer have been expressed (Piller, 2004). A standard product thatbears certain flexibility, so

Q6. Discuss the three components of Decision Support System (DSS).

(Definition of Decision Support System1 mark; explanation of components-9 marks) Three

10 marks

Answer : Components of Decision Support Systems

Decision support systems vary greatly in application and complexity, but they all share specific features. A typical Decision support systems has four components: data management, model management, knowledge management and user interface management.

4.1 Data Management Component

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