| ANSWER 02 : EFFECTIVE SUPPLY CHAIN : - With the help of efficient supply chain strategy, we could take main focus on minimizing the cost of the supply chain, further, there will be less profit and pricing margins, and cost behind designing the product would also be low. As they would create main emphasis on the cost reduction, so, they would utilize fewer inventories.
- Again, they would select such suppliers who could deliver the products at low cost and quality may be compromised.
- Transportation modes could consider lowering the applicable cost.
RESPONSIVE SUPPLY CHAIN : - With the help of responsive supply chain strategy, we would be able to improve the response, we could keep more buffer inventories, cost savings would not be our primary goal. Further, we could earn higher value of profit margins.
- We would consider suppliers those are basically focused on delivering the quality, consider the needs of the customers, they could also put their response to changing needs of customers.
- The transportation strategy would consider responsive modes so, they could fulfill the needs of the customers.
Question Number 3 Bill of material (BOM) details all the sub-component, material, and parts used to make one product. There is a dinner party at your home of a few guests, and you are managing your kitchen. - Develop a BOM of any main dish (main course) of your own choice in a tree format. (Hint: Select number of people that will be served with dinner and quantity of that main course to be prepared in appropriate units). Units: tea spoon, table spoon, a cup, grams etc.
(Marks 05) - Let us assume that you are managing the complete food for dinner, and the food will be served at 8:00 PM sharp. You have decided to serve one main course item, as mentioned in the previous part (a), one sweet dish of your choice, and salad. Prepare a lead-time tree for your complete project and explain the total lead-time from preparing to serving (start to complete) the dinner for your guests. Secondly, what is the latest time you must start preparing your dinner?
(Marks 05) |
| Answer format: To develop the tree structure, you may use the smart art option available in MS Word, or you may draw it on plain paper and attach a clear snap/ picture on the answer document. Hint: Length of the answer: Between 50 and 100 words (Excluding figures) Marks distribution of the question is as follows: Originality, Comprehensiveness & Clarity of diagram: 75% Reasoning/ Rationality/ Analytics: 25% |
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