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Fall 2013
Master of Business Administration- MBA Semester 3
‘’ Supply Chain” Specialization
SC0009–Supply Chain Cost Management- 4 Credits
(Book ID: B1664)
Assignment (60 Marks)
Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. 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 misaligned to the business goals or have
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). It follows one clear direction (a river can only flow downhill toward another larger body of water). Along the way, other ideas and players with a common focus join the team and move in the same direction (a river is joined by tributaries and other rivulets that move in the same direction as the main river). When a problem is encountered, the strategy team falls back on its pre agreed plan of action to tackle the problem, using
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. Sustainability measurement is a term that denotes the measurements used as the quantitative basis for the informed management of sustainability. The metrics used for the measurement of sustainability (involving the sustainability of environmental, social and economic domains, both
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 users to create and share rich and
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
Q6. How do you develop strategic options for selected cost drivers?
Answer. “How are you going to win in the period ahead?” That’s the key question behind developing strategy. To be successful means knowing how to use your talent and resources to best advantage, and it’s very difficult to “win” if you don’t have this game plan in place. These methods constitute examples of either internal or external development and are organized into a model termed the ‘expansion methods matrix’.
Approaches to Strategy
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