Description
Assignment Sample Solution: Advance Supply Chain Management April 2024
NMIM$ Global Access
School for Continuing Education (NGA-SCE)
Course: Advance Supply Chain Management April 2024
Internal Assignment Applicable for April 2024 Examination
Q1. Information technology (IT) plays an important role in the supply chain as it automates most supply chain processes of an organization. Discuss how you would convince your organization that application of various cutting-edge technologies like GPS,
EDI, RFID etc., can help to optimize its supply chain. Give examples. (10 Marks)
Q2. A consumer product manufacturing company is looking for ways to improve its inventory management. Do you think Vendor Managed Inventory (VMI) is a good option to consider by the company? Support your discussion with real-life examples of VMI.
(10 marks)
Q3. Maxx Industry, a FMCG company, reports cost of goods sold for the financial year 2020-2021 as Rs.240 Lakhs. During that period, it carried an average inventory of Rs.60 Lakhs. The inventory carrying rate for Maxx Industry is 12% per unit per annum. As part of its ongoing supply chain process improvement Maxx Industry is able to increase the inventory turnover to 12 turns in the financial year 2021-2022 for the same cost of goods
sold (Rs240L).
a) How much savings will Maxx Industry would have achieved in financial year 2021- 2022? (5 Marks)
b) Maxx Industry wants to improve the effectiveness of its supply chain using Supply Chain Operations Reference (SCOR). Discuss how SCOR model may provide Maxx a process-based methodology to manage its supply chain. (5 Marks)
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