10.1.10 SUPPLY CHAIN MANAGEMENT 2: ASSIGNMENT 1 [100]

QUESTION ONE [33]

1.1 Briefly explain the concept of supply chain management. (8)

1.2 Discuss the role and importance of supply chain management in assisting an organisation achieve a competitive advantage. (15)

1.3 Explain the importance of balancing supply and demand on business supply chains. (10)

QUESTION TWO [16]

2.1 Discuss different methods that are often used to measure performance of processes. (16)

QUESTION THREE [26]

3.1 Explain the role of customers in the product and service design process. (10)

3.2 Discuss the basic process categories from which management can choose from during the production process. (16)

QUESTION FOUR [25]

4.1 Explain the nature and importance of holding inventory within a business. (10)

4.2 Discuss three (3) basic costs associated with the holding of business inventory. (15)