INSTRUCTIONS

You are required to analyze each topic critically, demonstrate your comprehension of key concepts, and provide strategic recommendations for effective implementation.

Assignment Tasks and Weightage:

Demand Planning $(3$ marks$)$:

Describe demand planning and its importance in supply chain management.

Discuss the key components and processes involved in demand planning.

Analyze the challenges associated with demand forecasting and mitigation strategies.

Provide recommendations for improving demand planning accuracy and responsiveness.

Supply Planning $(3$ marks$)$:

Define supply planning and explain its role in ensuring supply chain efficiency.

Discuss the factors influencing supply planning decisions, such as lead times, capacity constraints, and inventory management.

Evaluate different supply planning models and techniques, such as MRP$,$ DRP$,$ and JIT.

Identify potential risks and disruptions in supply planning, and propose risk mitigation strategies.

GRI in Sourcing $(4$ marks$)$:

Introduce the Global Reporting Initiative $($GRI$)$ and its relevance to sustainable sourcing practices.

Discuss the importance of integrating GRI principles, such as transparency, accountability, and stakeholder engagement, into sourcing strategies.

Analyze the impact of GRI compliance on supplier selection, evaluation, and relationship management.

Provide recommendations for incorporating GRI principles into sourcing processes to enhance sustainability and corporate social responsibility $($CSR$)$ initiatives.