Reference no: EM132341609

Supply Chain and Operations Management

Unit Aims

The aim of this unit is to develop learners’ understanding of the concepts and models of effective supply chain and operations management in competitive marketplaces using case studies and real-world industry scenarios. Learners will develop an understanding of operational processes, techniques, planning and control systems.

Learning Outcomes

1. Understand the relationship between supply chain management, operations management and organisational business objectives.

1.1 Critically explain the significance of effective supply chain and operational management in achieving organisational objectives.

1.2 Explain the relationship of supply chain management with other business functions in an organisation.

1.3 Critically analyse the key success factors that aid in developing an integrated supply chain strategy in an organisation.

2. Be able to critically analyse the role of technology in supplier relationships.

2.1 Critically evaluate factors and strategies that drive organisations to maintain supplier relationships.

2.2 Assess the use of information technology to create strategies to develop effective supplier relationships.

2.3 Recommend supplier relations systems to maintain relationships with suppliers.

3. Be able to critically analyse the importance of logistics and procurement in supply chain management.

3.1 Justify the importance and use of logistics in supply chain management in an organisation.

3.2 Evaluate the effectiveness of procurement strategies and procedures in an organisation.

3.3 Critically analyse factors that may improve logistics and procurement strategies in an organisation.

4. Be able to develop a systematic order of procurement and inventory control.

4.1 Design effective and economic order quantity for procurements in an organisation.

4.2 Critically evaluate the role of the principles of LIFO and FIFO in inventory control.

4.3 Evaluate the just in time systems of managing inventory.

5. Be able to develop a strategy to improve an organisation’s supply chain.

5.1 Analyse factors involved in developing a strategy to improve an organisation’s supply chain.

5.2 Plan various supply chain strategies to improve an organisation’s supply chain.

5.3 Justify the choice of a supply chain strategy according to its suitability, feasibility, acceptability and overall performance benefits in an organisation.