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PROGRAM
Master of Business Administration
- MBA
SEMESTER
III
SUBJECT CODE & NAME
OM0012 Supply Chain Management
Qus:1 Write short notes on Supply Chain Management
Process and Supply Chain Management Decisions.
Answer: Supply Chain Management (SCM) is the process that
plans, implements and controls the operations of supply
chain to meet the customers’ requirements. SCM process is
carried out as a step-by-
Qus:2 Write a short note on Managing Inventory in
Supply Chain Management. What are the various Inventory costs?
Answer: Defective inventory can cause operation
disruptions, stock shortages and overages, and purchasing difficulties that may
result in increased cost, customer dissatisfaction, or even cancellation of
orders. Thus, inventory management determines the success of any business.
We can define inventory management as the
application of data collection, demand, forecasting, and lean and
Qus 3. What are the various importance of
Information in Supply Chain? Write a note on Bullwhip Effect.
ANS: Importance of Information in Supply Chain
Effective sharing of information helps to connect
various stages of a supply chain and to coordinate and maximise
Qus:4 Explain the various direct benefits of
Outsourcing.
Answer: The benefits of outsourcing are divided into two
categories. They are as follows:
Direct benefits
Indirect benefits
Let us now discuss these
Qus:5 What
is Standardization? What are the different approaches to Standardization?
Answer: Standardisation is a process of using a standard
product in place of a family of products. Standardisation helps to achieve
economies of scale by doing an activity once and repeating it many times.
Generally, lead time can be shortened by reducing
inventory levels and increasing forecast accuracy. However, after a
Qus:6 What
do you mean by Decision Support System (DSS)? What are the various functions of
Decision Support System?
Answer: A decision support system is a computer based
application that processes and integrates data to provide information, and
techniques to help organisations make quick and effective decisions. To manage
the decision support system effectively, some of the human characteristics like
flexibility, perception and wisdom are essential. Unlike other complex business
systems, supply chain
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