Advanced Supply Chain Management - NMIMS Latest solved assignments

 

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Advanced Supply Chain Management

June 2021 Examination

 

1. Distribution networks are the conduits that connect companies with their customers, so it is hardly surprising that the way these networks are designed has a critical impact on cost and customer service. If you are given the task of distribution network design, explain the process you will follow and the influencing factors you need to consider. Give examples wherever possible.

Answer:

INTRODUCTION:

 

Distribution network: After manufacturing the goods, an organization has to store it somewhere until it reaches the buyer and uses a transport facility for delivery. A distribution network helps the company is doing these works. A distribution network is the chain of interconnected groups that allows an organization to store the goods and then transport them to the buyers. The network for distributing goods can be direct or indirect. With the growth of advanced technology, it is essential to deliver consumer goods as fast as possible

 

2. Maxx Industry uses EOQ logic to determine the ordering quantity for its various components. The consumption of these components is 80,000 units per year. Every year on average, 1000 orders are placed. It costs Maxx Industry Rs. 1,200 for placing a single order. The cost per unit of the component is Rs. 50 and inventory carrying cost is estimated to be Rs.3 per unit per annum. What should be Maxx Industry’s EOQ, and what will be its Total Cost of Inventory.

Answer:

INTRODUCTION:

Economic Order Quantity: There are certain inventory costs that a firm has to incur while keeping inventory. These costs are holding fees, order costs, and shortage costs. To reduce these inventory costs, an organization needs a quantity for ordering the merchandise, which is ideal. This ideal order quantity is called Economic Order Quantity (EOQ). While calculating the Economic Order Quantity, a firm assumes that the holding costs, ordering costs, and the company's demand are constant. 

 

3. Pricing is an important lever to increase supply chain profits by better matching supply and demand. Revenue management uses pricing to improve the profit generated from a limited supply of supply chain assets.

a. Suggest a pricing strategy that can ensure the maximization of organization revenue catering to multiple customer segments. Should first use pricing to achieve some balance between supply and demand. Give examples.

Answer:

 

INTRODUCTION:

 

Pricing strategy: The method of pricing an organization's goods and services is known as the pricing strategy. A firm's primary factor in the pricing of goods is labour, production, and advertising expenses. After that, the firm adds some percentage as their profit in that price. The pricing strategies help an organization selling the goods with some profits.

 

 

b. What management process would you follow for Markdown strategy? (5 Marks) -

Answer:

 

INTRODUCTION:

 

Markdowns: In financial terms, markdowns mean reducing the price of a commodity along with the value of the assets.  An organization designs a markdown for increasing the sales of the firm. Therefore, the firm uses markdown when it cannot sell the product at the current price.

 

 

 

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