GET SOLVED ASSIGNMENTS
WHATSAPP NUMBER-
9967480770
Internal
Assignment Applicable for December 2017 Examination
Advanced
Supply Chain Management
1. For most organizations, the main
target of supply chain management is to realize and neutralize the
uncertainties in their supply chains. Discuss what you mean by “uncertainty in
a supply chain”. Select any organization of your choice, study and explain in
detail how they are dealing with supply chain uncertainties. Also, discuss what
you infer from the study. (10 Marks)
2. What are the various aggregate planning
strategies followed by organizations. Select any manufacturing organization and
discuss its aggregate planning strategy. (10 Marks)
3. Because of global competition, demand
is no longer certain for any business. The overall environment today is dynamic,
firms are increasingly realizing that understanding demand, planning demand and
linking supply with demand pays. At the same time, if the supply chain forecast
is wrong, the consequences will be felt throughout the entire supply chain.
This is why forecasting has assumed a significant importance, and more and more
supply chain managers are looking to forecasting to reduce operational costs.
Despite significant developments in the area of supply chain forecasting as
well as IT, most organizations do a poor job of incorporating demand
uncertainty into their production planning processes. Most often this is blamed
on forecasting without realizing the importance of selecting the appropriate
forecasting technique. Forecasting methods works efficiently when business
driven variability are traced and then factored into forecast. Finally, it
should be remembered that forecasting is an integrated exercise in which all
levels of the supply chain are involved and are willing to share information
which helps in increasing demand visibility within organizations as well
increase the performance of forecast. Source: Rakesh Singh, “Demand forecasting
in a supply chain”, Business Standard, August 18, 2014
a. Explain the meaning of demand
forecasting and discuss its role in supply chain management.
b. Using suitable examples discuss the
difference between qualitative and quantitative methods for forecasting. In
your opinion which one is the better method for forecasting?
GET SOLVED ASSIGNMENTS
WHATSAPP NUMBER-
9967480770
No comments:
Post a Comment