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Description
| SESSION | FEBRUARY – MARCH 2024 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | 3 |
| COURSE CODE & NAME | LOGISTICS AND SUPPLY CHAIN MANAGEMENT (DOMS303) |
Assignment Set – 1
- What are the foundational aspects covered in an overview of Supply Chain Management, including the definition of supply chain and Supply Chain Management, the historical evolution of SCM, and the pivotal role of Information Technology in modern SCM practices?
Ans 1.
Supply Chain Management (SCM) is a critical component of modern business practices, central to enhancing operational efficiency and driving competitive advantage. An overview of SCM typically includes its definition, historical evolution, and the crucial role that Information Technology (IT) plays in its current practices.
Definition of Supply Chain and
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- How does supply chain integration contribute to the efficiency and effectiveness of supply chain management, and what are the key strategies for achieving integration across various supply chain functions?
Ans 2.
Supply chain integration is a critical factor in enhancing the efficiency and effectiveness of supply chain management. It involves the alignment and interlinking of supply chain processes and activities to improve coordination and collaboration among all parties involved, from suppliers to end customers. This integration is pivotal for achieving seamless operations, reducing costs, and increasing customer satisfaction. The key strategies for achieving
- How can businesses overcome obstacles in coordinating supply chain activities, and what are the key considerations for establishing mutually beneficial relationships in outsourcing within the supply chain?
Ans 3.
Coordinating supply chain activities is a complex endeavor often fraught with various obstacles. However, businesses can overcome these challenges through strategic planning, effective communication, and the establishment of strong, mutually beneficial relationships with their supply chain partners. Key considerations for outsourcing within the supply chain include selecting the right partners, ensuring clear contractual agreements, fostering trust, and maintaining continuous
Assignment Set – 2
- Identify the different methods can be utilized to assess the efficacy of Supply Chain Management processes, and what factors influence their selection and implementation?
Ans 4.
Assessing the efficacy of Supply Chain Management (SCM) processes is crucial for ensuring operational efficiency, optimizing costs, and enhancing customer satisfaction. Various methods can be employed to evaluate SCM processes, each influenced by specific factors related to the business environment, objectives, and resources. Key methods include Key Performance Indicators (KPIs),
- Investigate the evolution and fundamental principles underlying the establishment of Supply Chain Management Systems.
Ans 5.
The evolution of Supply Chain Management (SCM) systems is marked by significant milestones that reflect the changing dynamics of global trade, technological advancements, and shifting business paradigms. The fundamental principles underlying the establishment of SCM systems are rooted in efficiency, integration, and customer-centricity.
Historical Evolution of SCM Systems
The origins of SCM can be
- Assess the implications of RSCM on organizational profitability and its role in addressing challenges associated with product returns, recycling, and sustainability.
Ans 6.
Reverse Supply Chain Management (RSCM) has become a crucial component of modern business strategies, significantly impacting organizational profitability and addressing the challenges related to product returns, recycling, and sustainability. RSCM refers to the processes involved in the backward flow of goods from consumers to suppliers, which includes returns