Thursday, 2 April 2020

Long Answer Question Bank for Supply Chain Management


QUESTION BANK

Unit I

1.         Many regard the ‘Supply Chain’ as being compared of inbound materials, raw material, inventories, manufacturing, finished goods inventories and distribution and view these activities within the purview of a single firm, other view the Supply Chain as there activities from the point of origin to the point of competition which view do you prefer?  Give reasons for your answers.
2.                  Supply Chain Management encompasses more than the activities of any individual corporate function.  However, frequently, it is seen as a synonym of Logistics, Operations Management, procurement or even a combination of the three. Discuss.
3.                  What are the strategic decisions that are to be undertaken in a Supply Chain?
4.                  Integration of supply and demand chain will go a long way to build an effective SCM system.  Discuss with examples.
5.                  What are the main generic performance dimensions that are relevant to operations and supply chain strategies? Describe all of the facets of any one of these performance dimensions.
6.                  How do you link goods flow, information flow, and cash flow in SC integration?  Explain with appropriate diagram
7.                  Why would a firm that is part of a completely integrated supply chain have an advantage over a firm that does not embrace SCM? Would there be any disadvantages to membership in such a supply chain?
8.                    Map out a supply chain. Describe key insights a manager can gain from an SC management system.
9.                  Discuss the emergence of SCM as a strategic response to a changing competitive environment
Unit II
  1. Describe how purchasing, production, and logistics decisions work together to create customer value.
  2. Identify and describe the steps in the purchasing process
  3. Identify the key decision-making elements of the logistics process.
  4. Discuss order fulfillment, transportation, and distribution strategies
  5. What is the Bullwhip effect?  Explain the various permutations & combination to reduce this effect in SCM?
  6. Describe the Push-Pull model with relevant examples.
  7. Discuss the relative strengths & weakness of centralized & decentralized warehouses?
  8. What do you mean by Supply Chain Relationships?  Why is it important for the success of SCM?
  9. Why do you conflicts emerge among supply chain participants?  Suggest various strategies for resolution of conflicts?
  10. What are the main functions of physical distribution & distribution channel? What are various channel structures?
  11. Describe the various functions of a warehouse from logistics & supply chain perspective.
Unit III
  1. Explain why strategic cost management is important to company and SC success
  2. Select the right type of cost analysis tool to best support a particular SC design situation.
  3. Differentiate between deterministic & probabilistic inventory models.  Which one of more importance in a Supply Chain?  Give reasons for your answer
  4. Write short notes on
    1. VED analysis
    2. ABC analysis
  5. What do you mean by an inventory?  Discuss various elements of inventory costs.
  6. Discuss EOQ model with Demand rate constant, production rate finite
  7. Derive an EOQ formula with different rates of demand in different cycles.
  8. What is ABC analysis? Describe the procedure you would use for controlling inventories by ABC   analysis
  9. Discuss the concept of JIT. Also describe its objectives and methods
  10. An oil engine manufacturer purchases lubricants at the rate of Rs 90/- per piece from a vendor. The requirement is for 6000 units per year. What should be the order quantity, if the cost of placing an order is Rs 30 and the inventory carrying cost is Rs 3 per year?
  11. A manufacturing Co. purchases 30000 parts of a machine for its annual requirements, ordering one month’s usage at time. Each part costs Rs 60. The ordering cost per order is Rs 20 and the carrying charges are 20% of the average inventory per year. You have been assigned to suggest a more economical purchasing policy for the company. What advise would you offer and how much money would it save?
  12. A contractor has to supply 30,000 bearings to an automobile company. He finds that when he starts a production run, he can produce 90,000 bearings per day. The cost of holding inventory for one year is Rs 15 and the set up cost of a production run is Rs 5,000. How frequently should the production run be made
  13. In a firm ABC Ltd., the total annual demand of a product ‘x’ is estimated 2400 units & its replenishment cycle time is 22 days. Calculate its reorder point.
  14. Neon lights in an industrial park are replaced at the rate of 100 units per day. The physical plant order the neon lights periodically. It costs Rs. 100 to initiate a purchase order. A neon light kept in storage is estimated to cast about Rs. 02 per day. Teh lead time between placing & receiving an order is 12 days. Determine the optimum inventory policy for ordering the neon lights.
Unit IV
  1. Define outsourcing and discuss reasons why companies outsource.
  2. Identify and assess some of the potential risks associated with outsourcing.
  3. Describe the various SC-related information technologies and information systems that have been developed over the past several decades.
  4. Discuss the emerging role of 3 PLs & 4PLs in the achievement of Supply Chain objectives.
  5. Discuss various steps involved in the process of customer service strategic management.
  6. Develop a standard CRM model for the following industries:
    1. Pharma Industry
    2. FMCG Industry
    3. Electronic Industry
  7. What are the various types of forecasting techniques?  Discuss their relative advantages & disadvantages in L & SCM perspective
  8. Define the value-chain of SCM.  Explain the flow of various things in it along with their relevance
  9. Write a detailed note on integrated IT solutions for logistics & Supply Chain Management.
  10. What do you mean by Demand forecasting?  What are its various components?  How are they estimated?
  11. What is bench marking? Discuss the implementation of benchmarking from logistics & SCM point of view.


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