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NMIMS Global Access
School for
Continuing Education (NGA-SCE)
Course: Advanced
Supply Chain Management
1. If you are asked to build an effective
aggregate planning strategy, what trade-offs among variables like capacity,
inventory and backlog cost will you make and how will you arrive at the best
strategy to implement. Explain the various strategies and how you will balance
among these costs with example.
INTRODUCTION:
Aggregate planning is the process of
developing, analyzing, and maintaining a preliminary, approximate schedule of
the overall operations of an organization. The aggregate plan generally
contains targeted sales forecasts, production levels, inventory levels, and
customer backlogs. This schedule is intended to satisfy the demand forecast at
a minimum cost. Properly done, aggregate planning should minimize the effects
of shortsighted, day-to-day scheduling, in which small amounts of material may
be ordered one week, with an accompanying layoff of workers, followed by
ordering larger amounts and rehiring workers the next week. This longer-term
perspective on resource use can help minimize short-term requirements changes
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2. A multinational
company produces multiple products and serves multiple customer segments. Do
you think they can achieve a strategic fit to have a well-defined strategic
position? Explain with suitable examples.
INTRODUCTION:
Strategic fit expresses the degree to which
an organization is matching its resources and capabilities with the
opportunities in the external environment. The matching takes place through
strategy and it is therefore vital that the company has the actual resources
and capabilities to execute and support the strategy. Strategic fit can be used
actively to evaluate the current strategic situation of a company as well as
opportunities such as M&A and divestitures of organizational divisions.
Strategic fit is related to the Resource-based view of the firm which suggests
that the key to profitability is not only through positioning and industry
selection but rather
3 . Super Mart retails in home
appliances. All the appliances are stocked its warehouse from where it is
dispatched to its customers against an order. One of its fast selling items is
portable USB electric juicer mixer, the demand is around 100 units per month.
The cost of each juicer mixer is Rs.2000. The retail stores spend Rs. 20 for
every order placed. Inventory carrying cost is 10% per unit per annum. The lead
time to procure the item is 5 days. Super Mart retail store is open for 300
days in a year.
a. What should be the optimum order
quantity for the Juicer Mixer and re-order point?
(5
Marks)
b. Explain the components of inventory
carrying cost that Super Mart warehouse will be incurring.
a.
INTRODUCTION:
Economic order quantity (EOQ) is the ideal
order quantity a company should purchase to minimize inventory costs such as
holding costs, shortage costs, and order costs. This production-scheduling
model was developed in 1913 by Ford W. Harris and has been refined over
time. The formula assumes that demand,
ordering, and holding costs all remain constant.The EOQ is a company's optimal
order quantity that minimizes its total costs related to ordering, receiving,
and holding inventory.he EOQ formula is best applied in situations where
demand, ordering, and holding costs
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