OM0012-Supply Chain Management

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ASSIGNMENT

DRIVE	SPRING 2018
PROGRAM	Master of Business Administration – MBA
SEMESTER	IV
SUBJECT CODE & NAME	OM0012-Supply Chain Management
BK ID	B1542
CREDITS	4
MARKS	60

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.

Question. 1. Write short notes on Supply Chain Management Process and Supply Chain Management Decisions.

Answer:If you go to a Supermarket and pick up a few items off the shelf from electronics and white goods or even clothes and look at the labels, the chances are that you will find them having been manufactured in China or Mexico. The coffee pods you buy to use for your everyday use comes from Africa. Computers have been shipped out of South American Factories and Soft furnishings on the shelves are from India and Hong Kong.

Question. 2. Write a short note on Managing Inventory in Supply Chain Management. What are the various Inventory costs?

Answer:A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale. A key function of inventory management is to keep a detailed record of each new or returned product as it enters or leaves a warehouse or point of sale.

Question. 3. What are the various importance of Information in Supply Chain? Write a note on Bullwhip Effect.

Answer:The bullwhip effect can be explained as an occurrence detected by the supply chain where orders sent to the manufacturer and supplier create larger variance then the sales to the end customer.  These irregular orders in the lower part of the supply chain develop to be more distinct higher up in the supply chain.  This variance can interrupt the smoothness of the supply chain process as each link in the supply chain will over or

Question. 4. Explain the various direct benefits of Outsourcing.

Answer:Outsourcing is the latest buzzword these days, as more and more cost and quality conscious businesses all over the world are turning to destinations like India for outsourcing their non-core business processes. So, what exactly is outsourcing and what are the benefits of having an offshore partner do your work for you?

What is outsourcing?

Question. 5. What is Standardization? What are the different approaches to Standardization?

Answer:Standardization or standardisation is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments Standardization can help to maximize compatibility, interoperability, safety, repeatability, or quality. It can also facilitate commoditization of formerly custom processes. In social sciences, including economics

Question. 6. What do you mean by Decision Support System (DSS)? What are the various functions of Decision Support System?

Answer:Decision Support Systems (DSS) are a class of computerized information system that support decision-making activities. DSS are interactive computer-based systems and subsystems intended to help decision makers use communications technologies, data, documents, knowledge and/or models to complete decision process tasks.

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