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SITIONA on the textile indust how will use the strategies within the CASE STUDY -LAMARK COMPANY LTD por the companies wide to take competente 10 mark Canete woh eaphityan Lamark Company Ltd was established ten years ago and it is a leading company in the Textile industry. The produce fabrics and materials on a large scale Thes sunt the labres and materials to individuals and companies for Inday Wear Because there is een compention in the textile industry with the influx of Chinese fabrics, the company has employed experienced personnel and seasoned engineers to maintain their State of the Art' machines in order to produce quality materials and fabrics to match the taste of Ghanavans. The company has distribution centres in all the ten regions in the Ghana to take care of their numerous customers. The company made huge profits and their shares were most attractive on the Ghanaian stock market. Lamark were among the companies who were also awarded for their excellent performance during this year's club 100 awards night organized by Ghita Investment Promotion Centre (3) You are supply chain professional who is well vexed in supply chain management more and procedures What enter a would you use in assessing supplier capability dunloction and wand of contract in order to get value for money for lamarklid guda Competen av Corctantly qualny 10 marks Conte SECTION B (la) Mintzberg observes that the word strategy has long been used implicitly in different way as it has traditionally been used as one 'He therefore provides five different detitions of strategy Explain Five dinlerent definitions of Mintzberg's strategy. As positions A palton as prepertoas marks fab) Organizations that practice concepts such as. TQM and VMI focuses on a smaller efficient and rationalized supplier base Explain the importance of these the two concepts Assmace stupply strug asr pro 35 uvarlo try coot Reduce. (2) Resources has been identified as the bedrock of strategy an Stopphop in theann uchievement of organizations strategy. Describe how these resources could be deploy chinage en achieve the strategy of the organization. 10 marks In recent times, the customers of I amark have complained about the quality of materials and fabrics the company is producing and some customers are even buying their fabrics from Lamark's competitors. This has affected the company's sales hence a decline in revenue. There are also challenges with the procurement of these materials for production since there is no Procurement Department and the Accounts Department is in-charge of procurement The Accounts department belief that they should stock enough materials to feed production in order to avoid shortages. They have a lot of suppliers and some of the items delivered do not meet the company's specifications since they do not have any procurement strategy 2 Phnored sinad (3) Discuss procurement's contribution to the achievement of the following corporate strategies. Focus, Diversification Internal development, Acquisition. Consolidation 10 mark At the company's recent board meeting, a consultant was hired to investigate the reasons why Lamark's customers are moving to their competitors. It was resolved by the board that a nes Chiet Lxecutive Officer (CEO) be appointed with the mandate to re-structure the operations of the company so as to win back its cherish customers in order to take competitive advantage (4) Peter Kraljic Matrix (Procurement Portfolio Management) helps in managing profits and risk factors to enable all purchased items to be assigned to one of the four quadrants Describe how a curement professional could use this matrix to manage relationships in the four quadrants to reduce cost and increase profitability. 10 marks physay 7 fenhen c (1) As a Supply chain management professional discuss how live 151 of lenders et al. 2006 suppls sub-strategies could be used in solving I amark's procurement challenges. tage 69. 10 marks SITIONA on the textile indust how will use the strategies within the CASE STUDY -LAMARK COMPANY LTD por the companies wide to take competente 10 mark Canete woh eaphityan Lamark Company Ltd was established ten years ago and it is a leading company in the Textile industry. The produce fabrics and materials on a large scale Thes sunt the labres and materials to individuals and companies for Inday Wear Because there is een compention in the textile industry with the influx of Chinese fabrics, the company has employed experienced personnel and seasoned engineers to maintain their State of the Art' machines in order to produce quality materials and fabrics to match the taste of Ghanavans. The company has distribution centres in all the ten regions in the Ghana to take care of their numerous customers. The company made huge profits and their shares were most attractive on the Ghanaian stock market. Lamark were among the companies who were also awarded for their excellent performance during this year's club 100 awards night organized by Ghita Investment Promotion Centre (3) You are supply chain professional who is well vexed in supply chain management more and procedures What enter a would you use in assessing supplier capability dunloction and wand of contract in order to get value for money for lamarklid guda Competen av Corctantly qualny 10 marks Conte SECTION B (la) Mintzberg observes that the word strategy has long been used implicitly in different way as it has traditionally been used as one 'He therefore provides five different detitions of strategy Explain Five dinlerent definitions of Mintzberg's strategy. As positions A palton as prepertoas marks fab) Organizations that practice concepts such as. TQM and VMI focuses on a smaller efficient and rationalized supplier base Explain the importance of these the two concepts Assmace stupply strug asr pro 35 uvarlo try coot Reduce. (2) Resources has been identified as the bedrock of strategy an Stopphop in theann uchievement of organizations strategy. Describe how these resources could be deploy chinage en achieve the strategy of the organization. 10 marks In recent times, the customers of I amark have complained about the quality of materials and fabrics the company is producing and some customers are even buying their fabrics from Lamark's competitors. This has affected the company's sales hence a decline in revenue. There are also challenges with the procurement of these materials for production since there is no Procurement Department and the Accounts Department is in-charge of procurement The Accounts department belief that they should stock enough materials to feed production in order to avoid shortages. They have a lot of suppliers and some of the items delivered do not meet the company's specifications since they do not have any procurement strategy 2 Phnored sinad (3) Discuss procurement's contribution to the achievement of the following corporate strategies. Focus, Diversification Internal development, Acquisition. Consolidation 10 mark At the company's recent board meeting, a consultant was hired to investigate the reasons why Lamark's customers are moving to their competitors. It was resolved by the board that a nes Chiet Lxecutive Officer (CEO) be appointed with the mandate to re-structure the operations of the company so as to win back its cherish customers in order to take competitive advantage (4) Peter Kraljic Matrix (Procurement Portfolio Management) helps in managing profits and risk factors to enable all purchased items to be assigned to one of the four quadrants Describe how a curement professional could use this matrix to manage relationships in the four quadrants to reduce cost and increase profitability. 10 marks physay 7 fenhen c (1) As a Supply chain management professional discuss how live 151 of lenders et al. 2006 suppls sub-strategies could be used in solving I amark's procurement challenges. tage 69. 10 marks