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Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Om0012 supply chain management
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ASSIGNMENT
DRIVE SUMMER 2016
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3)
PGDOMN(SEM 1)
SUBJECT CODE & NAME OM0012 SUPPLY CHAIN MANAGEMENT
BK ID B1542
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Question.1. Mention some of the key issues of supply chain
management.
Answer:Small and mid-sized companies today are just now starting to tap the value of developing
and executingsupplychainexcellence strategiesaslarge enterprises have been doing for years. As
the latter companies’ experiences have demonstrated, highly effective supply chains allow a
company to operate at peak performance. Executing supply chain excellence strategies can make
favorable contributions to return on assets, margin, improved customer service and competitive
advantage while generatingmore reliable metricsbywhichto measure success and foresee trouble
spots.
Question.2. Discuss the issues that are considered while making
network design decision.
Answer:Distribution professionals “see” their operations on a daily basis. Competitive pressures,
mergers, acquisitions, new product lines and greater customer expectations are just the tip of the
change iceberg for the modern logistics leader. On the surface, this continuum of change is just a
cost of doing business in the latest “new economy
2. Question.3. What are the external factors that produce impact on
the purchasing strategies?
Answer:The financial environment: The financial environment - which includes economic
performance - has a major effect on how buyers conduct their procurement operations.
One of the main challenges the financial environment poses to businesses is currency fluctuation.
Buy at the right time and return on investment can be huge; invest at the wrong time and you may
see yourself losing money.
Question.4. Explain the methods used to create effective forecasts.
Answer:Forecasting is the process of making predictions of the future based on past and present
data and analysis of trends. A commonplace example might be estimation of some variable of
interest at some specified future date. Prediction is a similar, but more general term. Both might
refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or
alternatively to less formal judgmental
Question.5. Write a short note on centralised versus decentralised
control in supply chain
Answer:Centralization vsDecentralizationNowadays, two types of organizational structure can be
seen, which are centralized and decentralized. Centralization of authority means the power of
planninganddecisionmaking are exclusively in the hands of top management while in the case of
Decentralization, the powers for the same has been disseminated by the top management to the
middle orlow-level management.There isaneverendingdebate betweenthese twotermsto prove
which one is better. In this article, significant
Question.6. Trace the latest development in electronic
procurement and explain its benefit.
Answer:Procurement and logistics processes are not as simple these days as getting goods from
point A to point B – even less so on an international scale. Today’s supply chain management is
about understanding and manipulating an easily overwhelming set of variables to achieve a
deceivingly simple result: delivering on-time and within
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3. or
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