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Fall-2013
Master of
Business Administration - MBA Semester 4
SC0009–Supply
Chain Cost Management-4 Credits
(Book ID:
B1664)
Assignment
(60 Marks)
Note: Answers
for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1.
Elucidate the measures that organizations can take to align their supply chain
with that of their customers.
Answer. In today's economic environment, doing what you've
always done—even if you do it very well—is no longer acceptable. Under pressure
to contain costs and produce results despite challenging circumstances, you
(and many other supply chain managers) must transform rather than simply
improve your operation. That means adopting the philosophies, methods, and
processes that will make your organization "best in class." Effective
supply chain strategies are essential to the performance of most businesses.
Surprisingly, many businesses, even at the top end of town, have supply chain
strategies that are
Q2. Briefly
discuss the eight steps of the AIM & DRIVE Process for cost management.
Answer. The word "strategy"
has been defined in the Random House Dictionary to mean, "a series of
strategisms". It is a series of ideas, actions and methodologies that
direct a team, organization, company or supply chain toward a common,
predetermined goal. A strategy is like a river. It originates with a concept or
idea (like a spring). When a problem is encountered, the strategy team falls
back on its pre agreed plan of action to tackle the problem, using innovation
and flexibility to deal with unforeseen situations.
The Aim & Drive Process, once you have convinced
yourself that there is an alternative to the slash and burn, hatchet job in
reducing costs, the logical next step is to come up with a process that helps
manage costs through the supply
Q3. What are
the different approaches developed to assess the sustainability performance of
the supply chain?
Answer.
Supply chain sustainability is a
business issue affecting an organization’s supply chain in terms of
environmental costs, risk and social impact costs. Sustainable inputs generate
sustainable products, a prerequisite for sustainable – and thus survivable –
organizations. The metrics used for the measurement of sustainability
(involving the sustainability of environmental, social and economic domains,
both individually and in various combinations) are still evolving: they include
indicators, benchmarks, audits, indexes and accounting, as well as assessment,
appraisal and other reporting systems.
Q4. Explain
how organizations can apply web 2.0 technology to communicate new ideas.
Answer. Web
applications have undergone
significant change over the last decade; ten years ago, there were no
Web-sharing sites or applications, merely sites composed of static pages or
ecommerce applications. Companies that had customer-facing Web sites were able
to connect with Internet-savvy consumers and use their Web sites as channels to
market and sell their products; corporate intranets were used mainly as places
to post news and company policies. More recently, Web sites have become
destinations for communities of
Q5. Explain
the three ways that help customers to extract vital cost information about a
particular service or product.
Answer.
Information extraction (IE) is the
task of automatically extracting structured information from unstructured
and/or semi-structured machine-readable documents. In most of the cases this
activity concerns processing human language texts by means of natural language
processing (NLP). Recent activities in multimedia document processing like
automatic annotation and content extraction out of images/audio/video could be
seen as information extraction.
Costs
Associated With Manufactured Products
As Chilton's Distribution observes, there are myriad
potential costs associated with selling a product which may be
Q6. How do
you develop strategic options for selected cost drivers?
Answer. Approaches
to Strategy
In a for-profit company, for which competition and
profitability are important, your goals will differ from those of a nonprofit
or government department. Likewise, objectives for a department or team will
have a different scope from objectives for your organization as a whole.
To determine your strategy, you must understand fully
the internal and external environmental factors that affect you. With that
understanding, you can identify your clear advantages and use these to be
successful. From there,
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