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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.
Dear students, get latest Solved NMIMS assignments and
case study help by professionals.
Mail us at : help.mbaassignments@gmail.com
Call us at : 08263069601
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