ML0010-Warehousing and Supply Chain Management

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ASSIGNMENT

DRIVE	WINTER 2014
PROGRAM	MBADS (SEM 3/SEM 5)MBAFLEX/ MBA (SEM 3) PGDROMN (SEM 1)
SUBJECT CODE & NAME	ML0010-Warehousing and Supply Chain Management
BK ID	B 1761
CREDIT & MARKS	4 Credits, 60 marks

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.

Q. 1. “The success of an organization is dependent on whether its supply chain and competitive strategies complement each other”. Explain Strategic fit and its process in the light of this statement.

Answer:Strategic fit expresses the degree to which an organization is matching its resources and capabilities with the opportunities in the external environment. The matching takes place through strategy and it is therefore vital that the company has the actual resources and capabilities to execute and support the strategy. Strategic fit can be used actively to evaluate the current strategic situation of a company as well as opportunities

Q. 2. Briefly explain operational decisions in context to a retail store.

Answer: Operational decisions occur on a daily basis and are made considering the risk to the business. Often these decisions are administrative in nature and can be implemented quickly and tend to carry little risk. At RWE npower, employees at every level take operational decisions daily. An example might be when to re-order a particular item of stock. Another could be to determine how many operative staff will be required to complete a task.

Operational adminstrative decisions may be smaller-scale, but are nevertheless important choices that people have to make to fulfil their roles. As

Q. 3. Explain the transportation cycle for a retailer with all its components.

Answer:Utility cycling encompasses any cycling done simply as a means of transport rather than as a sport or leisure activity. It is the original and most common type of cycling in the world.Utility or "transportational" cycling generally involves travelling short and medium distances (several kilometres, not uncommonly 3-15 kilometers one way, or somewhat longer), often in an urban environment. It includes commuting (i.e. going to

Q. 4. Explain components of time series forecasting method

Answer:A time series is a sequence of data points, typically consisting of successive measurements made over a time interval. Examples of time series are ocean tides, counts of sunspots, and the daily closing value of the Dow Jones Industrial Average. Time series are very frequently plotted via line charts. Time series are used in statistics, signal processing, pattern recognition, econometrics, mathematical finance, weather forecasting, earthquake prediction, electroencephalography, control engineering, astronomy, communications engineering, and largely in any domain of applied science and engineering which involves temporal measurements.

Q. 5. Briefly explain the distribution network design options.

Answer:Distribution refers to the steps taken to move and store a product from the supplier stage to the customer stage in the supply chain. Distribution is a key driver of the overall profitability of a firm because it directly impacts both the supply chain cost and the customer experience. Performance of a distribution network is evaluated along two dimensions: customer needs that are met and cost of meeting customer needs. There are two key decisions when designing a distribution network:

1. Will product be delivered to the customer location or picked up from a preordained site?

2. Will product flow through an intermediary (or

Q. 6. Write short notes on:

a) Stock Keeping Unit:In the field of inventory management, a stock keeping unit or SKU is a distinct item for sale, such as a product or service, and all attributes associated with the item that distinguish it from other items. For a product, these attributes include, but are not limited to, manufacturer, product description, material, size, color, packaging, and warranty terms. When a business takes an inventory, it counts the quantity of each SKU

b)Lean Manufacturing:Lean manufacturing or lean production, often simply "lean", is a systemic method for the elimination of waste ("Muda") within a manufacturing process. Lean also takes into account waste created through overburden ("Muri") and waste created through unevenness in work loads ("Mura"). Working from the perspective of the client who consumes a product or service, "value" is any action or process that a customer

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