Question 1 a briefly define the following two supply chain

Assignment Help Management Theories
Reference no: EM13348172

Question 1: (a) Briefly define the following two supply chain metrics: (i) inventory turnover ratio and (ii) supply chain velocity.

(b) Supply chain management is a complex task, and while some companies are successful others are not. Identify and discuss two factors that could lead to success or failure in supply chain management (examples would be a bonus).

(c) High Product Variety is one of the three operations objectives of supply chain. Describe why this has become an important objectives and what are the associated difficulties.

Question 2. (a) A Best Buy store places weekly orders for IPad deliveries from the regional warehouse. The Supply Chain manager is considering the use of a moving average method to automate the ordering process. IPad unit sales at the store for the last

13 weeks is given below: 

Month 1 2 3 4 5 6 7 8 9 10 11 12 13

Demand 58 49 52 52 56 48 47 51 54 51 53 48 53

i. Using the Mean Squared Error (MSE) criterion, evaluate and select between a 2, 3 and 4 period MA forecasting method.

ii. Focusing on sensitivity why was the selected method best suited for this specific case.

(b) Describe the highly responsive Zara supply chain and how this has allowed it to outperform its competition in the fashion business.

(c) In a grocery supply chain for diapers, the products are shipped from the National Warehouse, to the Regional Warehouse, to the Local Distributor, and finally to the Retailer. Currently the ordering parameters (in weeks) for the: Retailer are L=2 and P=6; Local Distributor are L=3 and P=8; and Regional Warehouse are L=3 and P=12.

(i) Calculate the Bullwhip ratio (VarQ/VarD) between each pair of suppliers in the chain and the cumulative ratio between the national warehouse and retailer.

(ii) Make one suggestion that could improve the cumulative bullwhip ratio without much forecasting change.

Questions 3. (a) Define the following: (i) Ready to promise inventory (ii) ABC inventory analysis and (iii) Independent demand.

(b) Scotts has recently opened a new lawnmower assembly plant in China. Currently engines are produced in the US and shipped to China and the ordering cost is $8500. The annual demand for the lawnmower engines is 37500 units and the holding cost is $34.50 per unit per year.

i. What is the EOQ and the annual supply chain cost?

ii. A local supplier in Guangzhou proposes to supply engines from its production plant. Orders will be replenished at a supply rate of 780 units/day and the ordering cost will reduce to $5300. What are the annual costs savings of this proposal.

Questions 4. (a) You are appointed the manager of a warehouse that is transitioning from a traditional model to a supply chain mode. Identify two initiatives you would take to update the warehouse.

(b) List five factors that determine the optimal number of warehouses in a product distribution network.

(c) Weber has two production plants (P1, P2), from which it ships barbeque grills to its three national warehouses (W1, W2, W3). From these warehouses it feeds the supply chain of Lowes through eight regional distribution centers (D1, D2, D3, D4, D5, D6, D7, D8). The shipping costs between these locations, plant supply capacity and the weekly supply demand data in cases are shown below:

Supply Shipping Cost Weekly Shipping Cost

Capacity W1 W2 W3 Demand W1 W2 W3

P1 30000 $3.25 $4.50 $5.25 D1 8000 $4 $3 $1

P2 30000 $4.40 $2.20 $4.60 D2 13500 $3 $4 $1

D3 11900 $2 $5 $4

D4 3200 $1 $6 $2

D5 1400 $1 $3 $5

D6 800 $5 $2 $3

D7 6800 $4 $1 $2

D8 900 $5 $2 $1

(i) Solve the network distribution problem via linear programming using MSSolver

(ii) Plant P2 needs to shut down one of its assembly lines and the capacity is reduced to 23000 units. What is the new distribution plan, and what is the additional supply chain cost.

(iii) If the W2 warehouse has a maximum distribution capacity of 12000 units/week how does the solution in (i) change?

Reference no: EM13348172

Questions Cloud

Question 1a the public sector in many developing countries : question 1a the public sector in many developing countries is gradually shifting from traditional public administration
Question 1why is management in the public domain different : question 1why is management in the public domain different from management in the private sector? discuss the
Question1 how would you define negotiation give some : question1 how would you define negotiation? give some examples of negotiations that you carry out in your personal and
Question 1i discuss the key activities of the strategic : question 1i discuss the key activities of the strategic management process. explain why it is important for managers to
Question 1 a briefly define the following two supply chain : question 1 a briefly define the following two supply chain metrics i inventory turnover ratio and ii supply chain
Write a cholecystectomy audit reportmethodology is the : write a cholecystectomy audit reportmethodology is the manner and method that was used in the collection of data. data
Review of the strategic issues presented in the case : review of the strategic issues presented in the case. application of the pearce and robinson strategic management
Implement needham-schroeder symmetric key protocol both : implement needham-schroeder symmetric key protocol both original version and fixed version using python.the term
After learning more about your field and how knowledge is : after learning more about your field and how knowledge is constructed in it using research to formally propose a

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd