Ba4021 Supply Chain Management
Ba4021 Supply Chain Management
PART A
1. Define LSCM?
"Logistics typically refers to activities that occur within the boundaries of a single organization
and Supply Chain refers to networks of companies that work together and coordinate their
actions to deliver a product to market. Also, traditional logistics focuses its attention on
activities such as procurement, distribution, maintenance, and inventory management. Supply
Chain Management (SCM) acknowledges all of traditional logistics and also includes activities
such as marketing, new product development, finance, and customer service"
2. Define Network?
a large system consisting of many similar parts that are connected together to allow movement
or communication between or along the parts, or between the parts and a control centre
3. Define Reverse Supply chain.
It's the series of activities required to retrieve a used product from a customer and either
dispose of it or reuse it. And for a growing number of manufacturers, in industries ranging from
carpets to computers, reverse supply chains are becoming an essential part of business.
4. What is Logistics?
Logistics is used more broadly to refer to the process of coordinating and moving resources –
people, materials, inventory, and equipment – from one location to storage at the desired
destination. The term logistics originated in the military, referring to the movement of
equipment and supplies to troops in the field.
5. Write any three importance of SCM?
Reduced Costs
Interconnected Supply Chain
Information Transfer and Communication
Better Customer Service
Agility
Create optimized schedules that balance production efficiency and delivery
performance
Maximize throughput on bottleneck resources to increase revenue
Synchronize supply with demand to reduce inventories
Provide company-wide visibility to resource capacity
Enable scenario data-driven decision making
6. What is SCM Strategy?
Strategies and designing of the supply chain include:
Deciding on the supply chain structure and the activities each stage of the supply chain will
perform
Selecting a location and capacities of facility
Deciding on the products that are to be made and the location where they need to be stored
Choosing the modes of transportation and the source from where the information is to be
collected
7. Define Business Strategy
A business strategy refers to all the decisions taken, and actions undertaken by a business for
achieving the larger vision. Knowing what business strategy is and how to execute it properly
can help businesses become market leaders in their domain
8. What are the Modules of SCM Techniques?
Advanced Planning and Optimization (SAP APO)
Forecasting & Replenishment (SAP F&R)
Event Management (SAP EM)
Supply Network Collaboration (SAP SNC)
Extended Warehouse Management (SAP EWM)
9. What are the functions of SCM
Supply chain is a very broad career field, it has 7 primary functional areas: Purchasing,
Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and
Customer Service.
10. Define Cycle time in SCM?
Supply chain cycle time is an all-encompassing metric measuring how long it would take to
complete a customer's order if all inventory levels were zero at the time the order was placed.
This metric is the sum of the longest possible lead times for every stage of the supply chain
cycle.
11. Define Risk Management in SCM
Supply chain risk management refers to the process by which businesses take strategic steps to
identify, assess, and mitigate risks within their end-to-end supply chain. There are both internal
and external risks that can disrupt your supply chain, so it's helpful to understand the difference
between the two.
12. Write short note on SCM Sustainability?
Supply chain sustainability refers to companies' efforts to consider the environmental and
human impact of their products' journey through the supply chain, from raw materials sourcing
to production, storage, delivery and every transportation link in between.
13. What is the value advantage in SCM
Advantages of Supply Chain Management.
Cost efficiency
Enhance output
Avoids delay in process
Easily identify problem areas
Disadvantages of Supply Chain Management
Expensive to implement
Complicated
Lack of co-ordination among departments
14. Write short note on supply Chain Strategy
Deciding on the products that are to be made and the location where they need to be stored
Choosing the modes of transportation and the source from where the information is to be collected
Innovation
Research and Development
Product Testing
Marketing
Social Trend Analysis
Economic Conditions
19. Define Sourcing
The act of getting something, especially products or materials, from a particular place: sourcing
of sth Last year, the company centralized its sourcing of raw materials. Product sourcing is highly
selective.
20. Define Imbalance of Power.
A power imbalance is being expressed when one partner (or a group of partners) is able to
dominate decision- making or otherwise asserts power in ways that disadvantages other
partners or are not in the best interest towards achieving the partnership objectives.
PART B
PART A
A Warehouse Worker is responsible for varied daily tasks such as restocking shelves, accepting incoming
orders, processing and packing orders, counting inventory and ensuring orders are shipped in a timely
manner.
At its core, procurement logistics is the sourcing of materials needed to manufacture products. In other
words, this part of the supply chain focuses on purchasing raw materials, replacement parts, auxiliary
supplies, operating supplies and other items needed for the manufacturing process to work.
5 Advantages of Warehousing
Business ethics concerns ethical dilemmas or controversial issues faced by a company. Often, business
ethics involve a system of practices and procedures that help build trust with the consumer. On one
level, some business ethics are embedded in the law, such as minimum wages, insider trading
restrictions, and environmental regulations. On another, business ethics can be influenced by
management behavior, with wide-ranging effects across the company.
Part B
PART A
A reliable transportation system dependably provides users with a consistent range of predictable travel
times. Transportation system reliability is one of the core performance outcomes of many management
and operation strategies.
The problem considered in this paper is the weighted obnoxious facility location in the convex hull of
demand points. The objective function is to maximize the smallest weighted distance between a facility
and a set of demand points. Three new optimal solution approaches are proposed
17. Define PLC.
Product Life Cycle (PLC) has been used to analyze the behavior of a product during its time of
production. The success of enterprises depends on its capacity of aligning Supply Chain Strategy (SCS)
with PLC.
Order visibility allows management to see a clear picture of where items are at any given time, how
much inventory is in the warehouse, on the trucks, in the store, being held for shipment, and due to
arrive. Collaboration between all steps and components of the supply chain is critical.
19. Define TL
Shippers use full truckload when: There are enough items to fill an entire truck. The customer prefers a
whole truck dedicated to their goods. The freight is time sensitive. The weight makes it more cost
effective than less than truckload.
Less than truckload (LTL) freight refers to the transportation of products or goods that do not require a
full truckload. These smaller freight loads typically result in many separate shipments being transported
on one truck.
PART B
5. Explain how network design decisions are made using decision trees
PART A
1. Define Sourcing
The act of getting something, especially products or materials, from a particular place: sourcing
of sth Last year, the company centralized its sourcing of raw materials. Product sourcing is highly
selective.
2. Define Logistics Outsourcing
Outsourcing logistics is when a company uses an external provider (aka a third-party) to handle
various supply chain functions. These can include a mix of shipping, storing, packing and/or
delivering a company's physical goods, from raw materials all the way to the finished product.
3. Write short note on make or buy decision
A make-or-buy decision is an act of choosing between manufacturing a product in-house or
purchasing it from an external supplier. Make-or-buy decisions, like outsourcing decisions, speak
to a comparison of the costs and advantages of producing in-house versus buying it elsewhere.
4. Define Inventory management
Field inventory management commonly known as inventory management is the function of
understanding the stock mix of a company and the different demands on that stock.
5. Define Value of Information
Value of information (VoI) is a decision analytic method for quantifying the benefit of acquiring
additional information to support such analyses that can be used to help in a wide range of
manufacturing decisions.
6. Write short note on value of perfect information
The expected value of perfect information is the price that a healthcare decision maker would
be willing to pay to have perfect information regarding all factors that influence which
treatment choice is preferred as the result of a cost-effectiveness analysis
7. Define Bull whip effect.
The bullwhip effect is a supply chain phenomenon describing how small fluctuations in demand
at the retail level can cause progressively larger fluctuations in demand at the wholesale,
distributor, and manufacturer and raw material supplier levels. The effect is named after the
physics involved in cracking a whip.
8. Define buffer stock
A buffer stock scheme is an attempt to use commodity storage for the purposes of stabilising
prices in an entire economy or an individual market. Specifically, commodities are bought when
a surplus exists in the economy, stored, and are then sold from these stores when economic
shortages in the economy occur.
9. Write short note on Co Sourcing.
Co-sourcing is a form of outsourcing solution in which an organization accesses assistance from
a specific outsourced contractor or professional. Similar to contractor hiring and consulting,
you'll be able to access external support for your internal team.
10. Define asset management.
Asset management is the service of managing a client's money. At its core, that means
identifying a client's financial goals and then working to accomplish those goals via portfolio
management—buying and managing stocks, bonds and funds.
11. Define value of Clairvoyance
In decision analysis, the value of information is the improvement in the outcomes of our actions
that we would expect if we could reduce or eliminate uncertainty before making a decision.
12. Write short note on Global Sourcing.
Global sourcing is the practice of sourcing from the global market for goods and services across
geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery
of a product or service.
13. Wrote short note on Cost Conversion cycle.
In management accounting, the Cash conversion cycle measures how long a firm will be
deprived of cash if it increases its investment in inventory in order to expand customer sales. It
is thus a measure of the liquidity risk entailed by growth.
14. Define SCOR
Supply-chain operations reference model is a process reference model developed and endorsed
by the Supply-Chain Council as the cross-industry, standard diagnostic tool for supply chain
management.
15. Define CRP
Capacity requirements planning (CRP) is the process of specifying the level of resources
(facilities, equipment and labor force size) that best supports the enterprise's competitive
strategy for production.
16. Define VMI
Vendor-managed inventory is an inventory management practice in which a supplier of goods,
usually the manufacturer, is responsible for optimizing the inventory held by a distributor. In
traditional inventory management, a retailer makes his or her own decisions regarding the order
size.
17. Write short note on “Turn and Earn”
The turn-earn index combines gross margin and turnover. It is calculated by multiplying
inventory turnover by gross. margin percentage: Turnover × Gross margin = Turn-earn index. For
example, if a distributor has an average gross margin of 25 percent and experiences six
inventory turns, he has a turn-earn.
18. What is meant by Behavioral obstacles
From severe temper tantrums to defiance, or noncompliance with school or house rules, these
problems can lead to highly negative and conflict-ridden environments at home or school. There
are sometimes underlying causes of behavior problems such as depression, anxiety, or ADHD,
though this may not always be the case.
19. Write short note on DDMRP
Demand-Driven Material Requirements Planning
DDMRP is the acronym for demand-driven material requirements planning (MRP), an approach
to material control and replenishment that improves on the functionality of traditional MRP.
20. Write short note on JIT replacement?
Just-in-time, or JIT, is an inventory management method in which goods are received from
suppliers only as they are needed. The main objective of this method is to reduce inventory
holding costs and increase inventory turnover.
Part B
PART A
1. What is e business
E-business is concerned with the use of the Internet to link companies with their suppliers,
customers and other trading partners. As a business concept, it has evolved significantly since its
introduction in the 1990's in parallel with the rapid rate of development of information
technology (IT) during this period.
2. What is B2B
Business-to-business is a situation where one business makes a commercial transaction with
another. This typically occurs when: A business is sourcing materials for their production process
for output, i.e. providing raw material to the other company that will produce output.
3. What is E- Supply Chain Management
Electronic supply chain management (e-SCM) is collaborative use of technology to improve the
operations of supply chain activities as well as the management of supply chains (Turban et al.,
2012)
4. What is e Logistics.
e-Logistics refers to the process of utilizing information and technology infrastructure in the
traditional supply chain process to simplify knowledge sharing, data transfer, etc. It essentially
means carrying out most of the traditional logistics processes in the supply chain through an
online platform.
5. What is Resource Logistics
Logistics resources include soft resources (i.e. logistics information and knowledge) and hard
resources (i.e. logistics infrastructure and location) and capabilities include customer service
capability and resource integration capability.
6. What is Global Logistics Management
It is technically the process of managing goods through an international supply chain, from its
production to other parts of the world through intermodal transport system, transport via
ocean, air, rail, and truck.
8. Define NLP
Natural Language Processing can remove much of the administrative overhead in managing the supply
chain. This includes understanding local and global news and events, making it easier for stakeholders to
query the supply chain, providing language translation, using adaptive forms and automating customer
service.
TBC-traditional business criteria; RP-resilience pillars. Achieving a supply chain that is resilient to
potential unforeseen disruptions
Agile manufacturing is a manufacturing methodology that places an extremely strong focus on rapid
response to the customer – turning speed and agility into a key competitive advantage. It represents a
very interesting approach to developing a competitive advantage in today's fast-moving marketplace.
Business to government (B2G) is the sale and marketing of goods and services to federal, state, or local
agencies. In modern lingo, there are three basic business models: business to consumer (B2C), business
to business (B2B), and business to government (B2G). B2G is not an insignificant chunk of business.
PART B
4. Describe the framework and note for supply chain in E- Business and B2B practices