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ASSIGNMENT
Course Code : MS
- 55
Course Title : Logistics
and Supply Chain Management
Assignment Code : MS-55
/TMA/SEM - II/2017
Coverage :
All
Blocks
Note: Attempt all the questions and submit
this assignment on or before 31st October, 2017 to the coordinator of your
study centre.
Question.
1. How the chain relationship can contribute to the success of SCM. Is it
necessary to extend this relationship beyond the chain, to further achieve the
objectives of SCM?
Answer: The term "relationships" covers a lot of ground in supply
chain management. There are strategic relationships, tactical relationships,
transactional relationships, internal relationships, and possibly more. There
are also relationships among members of the supply chain community. Let's look
at those first.
Our supply chain universe can be seen as
clustered around three "estates," roughly comparable to the social
divisions in pre-revolutionary France. We might, without stretching too far,
term them the First Estate—the academic community (or the "clergy");
the Second Estate—the consultants and software developers (or the
"nobility"); and the Third
Question.
2. What is Bullwhip effect? Explain the various permutations and combinations
to reduce this effect in SCM.
Answer: Through the numerous stages of a supply chain; key factors such as time
and supply of order decisions, demand for the supply, lack of communication and
disorganization can result in one of the most common problems in supply chain
management. This common problem is known
as the bullwhip effect; also sometimes the whiplash effect.
Question.
3. “Making changes in a manufacturing company is probably the hardest thing
that civilized man has ever set out to achieve”- give your comment on this
statement in context with the organization switching to supply chain
management.
Answer: It is well known that supply chain management is an integral part of
most businesses and is essential to company success and customer satisfaction.
Boost Customer Service
· Customers expect the correct product assortment
and quantity to be delivered.
·
Customers
expect products to be available at the right location. (i.e., customer
satisfaction diminishes if an auto repair shop does not have the necessary
parts in stock and can’t fix your car for an extra day or two).
Question.
4. What is the need for Supply Chain Performance Measures? What are the factors
that contribute to management’s need for new types of measures for managing the
supply chain?
Answer: Globalization of the economy, e-business, and introduction of new
technologies pose new challenges to all organizations especially for small and
medium enterprises (SMEs). In this scenario, successful implementation of
supply chain management (SCM) can give SMEs an edge over their competitors.
However, SMEs in India and other developing countries face problems in SCM
implementation due to lack of resources and
Question.
5. “Facility and their locations are major issues in an organisation’s
logistics system efficiency and its ability to successfully implement its
competitive advantage”. Comment!
Answer: Supply chain collaboration is a hot topic today—and no wonder: companies
that collaborate effectively across the supply chain have enjoyed dramatic
reductions in inventories and costs, together with improvements in speed,
service levels, and customer satisfaction.
Collaboration between companies—joint
initiatives that go beyond their normal course of day-to-day business, with the
aim of delivering significant improvement over the long term—is particularly attractive
for the consumer packaged goods (CPG)
Dear
students get fully solved assignments
Send
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