Sc0009–supply chain cost management

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Assignment

Drive	Summer 2014
Program	Mbads (sem 4/sem 6) Mbaflex/ mba (sem 4) Pgdscmn (sem 2)
Subject code & name	Sc0009–supply chain cost management
Bk id	B1664
Credits and marks	4 credits and 60 marks

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.

Q. 1. Write short notes on

·         Methods of calculating costs of inventory

·         Cycle time

·         Various costs included in transaction costs

·         Different methods for identifying fair and reasonable pricing

Answer:methods of calculating costs of inventory:there are two methods for estimating ending inventory:

·         Gross profit method: let's assum

·          

·          

·         Cycle time: it is a period required to complete one cycle of an operation; or to complete a function, job, or task from start to finish. Cycle time is used in differentiating total duration of a process from its run time.

·          

Various costs included in transaction costs: transaction costs are important to investors because they are one of the key determinants of net returns. Transaction costs diminish returns, and over time, high transaction costs can mean thousands

Different methods for identifying fair and reasonable pricing:

·         Price competition

·          

Q. 2. What are the tasks that an organisation needs to perform before implementing the cost management strategy?

·         Listing of the tasks reviewing business plan and procurement /marketing strategy

·         Identifying participants for cost management team

·         Selecting primary costs to be managed

·         Building rest of the cost management team

Brief discussion on the tasks

Answer: strategic cost management has become an essential area now days. While formulating the strategy for the accomplishment of organizational overall objectives, different cost driver should be clearly identified. Identification of key cost drivers help companies to focus on key activities that will constitute almost 90% of the total costs. In view of this, the importance of strategic cost management should not be underestimated. This

Q. 3. What is process costing? Discuss the steps involved in process costing method.

Definition of the process costing

When to use process costing

Discussion of steps in process costing(what it involves and examples)

Answer: it is a method for determining the total unit cost of the output of a continuous production run (such as in food processing, petroleum, and textile industries) in which a product passes through several processes (or cost centers). It involves the following steps:

(1) the 'total cost per process' is computed by estimating the number of products passing through each process in a given period;

Q. 4.Discuss the steps involved in overcoming the constraints of cost management plan.

·         Description of constraints a company faces

·         Discussion on steps to overcome constraints

·         Conclusion

Answer:one approach is to use the theory of constraints (toc). This helps you identify the most important bottleneck in your processes and systems, so that you can deal with it and improve performance.  In this article, we'll explore the theory of constraints, and we'll look at how you can apply it to your own situation.The theory says that every system, no matter how well it performs, has at least one constraint that limits its performance – this is the

Q. 5.Why did hp redesign its packaging? How did they achieve these goals?

·         Listing of the reason to reduce cost

·         Summarization of the analysis of hp’s supply chain, findings, redesign product packaging, analysis of the redesigned packaging

·         Evaluation of benefits

·         Conclusion

Answer:technology giant hp’s commitment to design for environment has resulted in mega waste reduction. By re-designing its north american printer cartridge packages, the company will in 2007:

·         Reduce the amount of material used in the packages by an estimated 15 million pounds, including 3 million pounds of corrugated cardboard.

·         Increase the use of recycled content and the recyclability of its packaging – pvc (#3) plastic has been replaced with easier-to-

Q. 6. What are the challenges faced by hospitals in streamline their supply chain? How can these be overcome?

·         Listing and brief explanation of the challenges

·         Solution to overcome the challenges

Answer: hospitals and healthcare facilities are faced with many challenges. To remain competitive in the eyes of consumers, a facility must continue to offer the highest quality, cutting-edge patient care. However, to do this is costly for facilities to maintain, so working within budget is a main concern. Streamlining your supply chain is a good way to

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )