SUPPLY CHAIN MANAGEMENT 2: ASSIGNMENT [100]

QUESTION 1 [30]

Supply chain management is a multi-faceted process with many stakeholders and even more moving parts. New technology aims to make the supply chain more efficient, yet investing in the wrong technology further complicates productivity while hindering profitability, causing supply chain issues. Effective supply chain management offers numerous benefits for companies, so overcoming challenges to keep things running smoothly is a top priority for supply chain professionals. With this regard, Discuss the following challenges and suggest possible solutions to resolve each challenge:

1.1 Cost Control (15)

1.2 Planning and Risk Management (15)

QUESTION 2 [30]

2.1 Discuss the impact of Clearly defined KPIs on successful product service design. (10)

2.2 With an aid of a diagram, discuss the stages of a product life cycle. (20)

QUESTION 3 [10]

Discuss the role and implications of transport system in supply chain. (10)

QUESTION 4 [30]

Keeping the right amount of product in stock is critical to businesses. Having too little means running out at inopportune times, causing customers to buy elsewhere. Having too much means paying unnecessarily high costs for storage and inventory management. But how can a business reliably find the middle ground between those two undesirable extremes? In the world of supply chain management, its done by forecasting. With this regard,

4.1 Explain the role of forecasting on improving business operations. (15)

4.2 Discuss the main factors that should be considered when forecasting. (15)