FORMATIVE ASSESSMENT 2 [100 MARKS] Read the following article extract and answer the questions that follow. The optimal design of a supply chain is an urgent and critical issue for SCM researchers and practitioners. As it is essential to treat the supply chain as an integrated system with physical flow of materials, manufacturing planning and control, as well as physical distribution, the development of models and approaches towards the optimization of supply chain priorities has become a challenging task for SCM. Nowadays, Companies have consistently tried to enhance their business efficiency and effectiveness by reassessing their internal business operations such as purchasing, warehousing, materials management and distribution. Source: https://www.researchgate.net/publication/281178372_Supply_Chain_Management_Optimization_within_Information_System_Development Choose a company in the food manufacturing sector that you are familiar with, and write a thorough report taking the following questions into account:

1.1 Examine the numerous variables that can make it challenging for your company to discover the optimum system-wide, or globally optimal, integrated solution. Use pertinent examples to help you explain your response. (10)

1.2 Investigate how supply networks maintain their competitiveness in challenging contexts using your company of choice as an example. (10) 1.3 Analyse some of the risks associated with the purchase of non-strategic items in your company of choice and offer contract forms that could be employed when making such purchases on the spot market. (20)

1.4 Provide an in-depth discussion of the significance of supply chains in the context of global markets and the methods your company of choice is doing to access those markets based. (20)

1.5 In light of growing globalization and outsourcing, which have had and will continue to have a significant impact on supply chain operations, information exchange can significantly improve how multinational corporations and their partners conduct business. Critically examine the various factors affecting your company of choice supply chain technology. (10) 1.6.1 Evaluate the numerous traits that apply to the use of revenue management approaches in your company of choice. (5) 1.6.2 Advise on the advantages and key challenges when considering dynamic pricing strategies. Use examples from your company of choice. (15)

Structure of the report (refer to the rubric)