DRIVE SPRING 2016
PROGRAM MBADS (SEM 3/SEM 5)
MBAFLEX/ MBA (SEM 3)
PGDOMN (SEM 1)
SUBJECT CODE & NAME OM0012 SUPPLY CHAIN MANAGEMENT
1 Explain the different modes of transportation.
Explanation of the concepts
Answer: Modes of Transportation
The movement of goods from one place to another within a supply chain is known as transportation. It starts from the beginning of a supply chain and ends when the product reaches the hands of the customer. With the increasing globalisation in supply chain and growth of e-commerce, the importance of transportation has grown tremendously. This is because the supply of
2 What is risk pooling? Why is it important in supply chain management? List the four main types of risk pooling.
Answer: Risk pooling enables accurate demand forecasting. Let us now discuss the concept of risk pooling. Risk pool is a term used in risk management, mostly in insurance companies. Under this system, insurance companies come together to form a pool, which can provide protection to
3 Explain the different types of purchases in portfolio analysis.
Explanation of the concepts
Answer: Portfolio analysis classifies purchases into four categories. They are as follows:
Routine commodity – Routine commodity includes many standard items with low price. For example, stationery, food items, fuel and so on are the routine commodities. These commodities are readily available in the market. Many suppliers compete in the market by offering the lowest possible prices for these commodities. The routine commodities have many purchases
4 Describe the reasons for bullwhip effect and explain the methods to decrease bullwhip effect.
Methods to decrease
Answer: Reasons for bullwhip effect
Demand forecasting – We define demand forecasting as the process of estimating the future demand of products or services. The decision makers in the supply chain are responsible for creating a demand forecast. The upstream member in the supply chain needs to readjust the demand
5 Explain the concept 3PL? What are the advantages and disadvantages of using 3PL?
Explanation of 3 PL
Advantages and Disadvantages
Answer: Third-party logistics (3PL) is the use of an external company to perform few or all of a company’s logistics management and product distribution functions. 3PL is a true strategic alliance because it involves complex relationships that are not included in a traditional logistics – supplier relationship. Modern 3PL provides continuous services and involves long-term commitment, process management, and multiple functions. Modern 3PL are more
6 Explain the framework and impacts of integrating IT with SCM?
Answer: Framework for IT integrated SCM
- Knowledge and IT management – It includes IT training and education,investment in capital knowledge, e-training, e-learning, multimedia,cross-functional training, group wares.