Free Essay

Practice Questions Supply Chain

In: Business and Management

Submitted By readerspen
Words 296
Pages 2
Practice Examination Questions QUESTIONS ON SUPPLY CHAIN MANAGEMENT SCM 1: In a manufacturing plant, suppose fixed cost is $ 10,000/month. Variable Cost of production is $ 0.80 per unit and the selling price is $ 1.00 per unit. What is the breakeven point? Answer: 50,000 units per month Break Even Point = Fixed Cost / (Selling Price – Variable Cost) = 10000/((1.0 ‐0.8) = 50,000 SCM 2: In a manufacturing plant, suppose fixed cost is $ 5,000/month. Variable Cost of production is $ 0.60 per unit and the selling price is $ .95 per unit. The plant produces 20,000 units per month. What is the profit per month as a percentage of the total cost of production? The total cost includes fixed and variable costs. Answer: 11.76% Total Cost of production = 5,000 + 20,000 * 0.6 = 17,000 Total Revenue = 20,000 * 0.95 = 19,000 Profit as a % of cost = (19,000 – 17,000)/17,000 = 11.76% Note: A similar analysis will be required to find the selling price if the desired % of profit is given. SCM 3: A manufacturing company is considering two suppliers (A and B) to supply a component RQ‐237 for next one year. They have received the following quotes from the two suppliers. Supplier A: Fixed cost/year = $ 10,000; Variable cost per unit = $ 0.8 Supplier B: Fixed cost/year = $ 8,000; Variable cost per unit = $ 0.9 Which supplier should be used? Answer: The indifference point = 20,000 Use Supplier B if the demand is less than 20,000. Use Supplier A if the demand is more than 20,000. Indifference point = (10,000 – 8,000)/(0.9 – 0.8) = 20,000

Practice Examination Questions Supply Chain Managementmmer

Page 1 of 1

Similar Documents

Premium Essay

Supply Chain Management

...THE IMPACT OF SUPPLY CHAIN MANAGEMENT ON GOVERNMENT INSTITUTIONS A Research Dissertation by GEORGE FREDERICK JACOBSON STUDENT NO. 94032512 B. TECH: PURCHASING MANAGEMENT Submitted in partial fulfilment of the requirements for the degree MBA in the Business School Faculty of Management Sciences TSHWANE UNIVERSITY OF TECHNOLOGY Supervisor: Prof. J A Watkins Pretoria 4 June 2007 PUBLICATION OF DISSERTATION The attention of the reader is specifically drawn to the fact that the national Government departments, who sanctioned this research study, specifically requested that the work should not be published due to the sensitivity of ongoing remedial actions. DECLARATION OF COPYRIGHT I hereby declare that this dissertation submitted for the degree (Magister Technologia) at the Tshwane University of Technology, is my own original unaided work and has not previously been submitted to any other institution or higher education. I further declare that all sources cited are cited or quoted are indicated or acknowledged by means of a comprehensive list of references. G.F. JACOBSON Copyright© Tshwane University of Technology (2007) i DEDICATION This study is dedicated to my family and friends for their love and support through this process allowing me to grow as a person. ii ACKNOWLEDGEMENTS I would like to express my sincere gratitude and appreciation to the following: My Lord and Saviour, Jesus Christ for His continued blessings...

Words: 23698 - Pages: 95

Premium Essay

Strategic Change Management Questions

...Student Assignment Covering Form |Course/Unit Information | |Course |Pearson (Edexcel) BTEC Level 7 – Diploma / Extended Diploma in Strategic Management & | | |Leadership | |Unit No. |Unit 14 | |Unit Name |Strategic Supply Chain Management and Logistics | |Unit code |D/602/2357 | |Batch |I 1501 – SSCML - Sredharran | |Instructor Information | |Name |Sredharran Sampath | |Phone |0529059903 | |Skype | ...

Words: 1781 - Pages: 8

Premium Essay

Cisco Case Study

...Assessment | Global Supply Chain Management | | | Table of Contents Table of Figures 3 Question 1. Using an appropriate operations framework outline the challenges/risks faced by Cisco in introducing a new product. 3 Question 2. What are the general operational / supply chain issues in using a Chinese supplier 6 Question 3. Identify and briefly explain the specific risks / rewards in selecting Foxconn as a key subcontractor. 9 Question 4. Recommend, detail and justify operational and supply chain strategies for Cisco. 11 Question 5. Research and reference Cisco's subsequent actions using publically available material and comment briefly 13 Appendices 16 Appendix A 16 Appendix B 17 Appendix C 18 References 20 Project Diary: 26 Table of Figures Figure 2.1 Chinese Traditional Values (Jin et al., 2013). 17 Figure 2.2 Global Rate, Labour and Freight (Kumar et al., 2009). 18 Figure 4.1 Competitive Advantages. (Christopher, M., & Peck, H, 2003)…………...….….....18 Question 1. Using an appropriate operations framework outline the challenges/risks faced by Cisco in introducing a new product. Erhun, Gonclaves and Hopman (2007) state that risk during new product introduction (NPI) process can stem from either an internal or external source, and more critically from either a supply or a demand prospective. The challenge for Cisco during the NPI phase is to utilise an operational framework to clearly define where in the supply chain the risk is and...

Words: 5304 - Pages: 22

Premium Essay

Master

...covered in the supply chain management course. The task also requires showing the understanding of the different supplies needed for delivering the product and how these supplies could be made sustainable. This analysis will enhance the student’s understanding of the issues often experienced when managing the internal and external supply chain which often fails to deliver the customers supply needs. As part of the assessment, students will need to draw a detailed computerised process map/model which takes into perspective the various interactions between the organisation, the customers and the suppliers. The headings that need to be covered in the report are: 1. Describe the product and its key characteristics with relation to the objective and perceived sources of quality explained in the textbook. How to answer the question: Students will need to research and find information about the product in addition to reflecting on the quality explanation from chapter 2 of the textbook. 2. Explain why it is important for organisations to continue innovating this product, how this innovation impacts the supply chain and the type(s) of product innovation categories this product went through during its lifecycle. This will need to be explained in relation to the chapters covered in the textbook. 1 How to answer the question: Students will need to research and explain why it is important to continue innovating this product and how this innovation will impact the supply chain. Students will...

Words: 1413 - Pages: 6

Premium Essay

Green Supply Chain Management

...Green Supply Chain Management and Its Effects on Environmental and Operational Performance in Automobile Industry in Karachi Syeda Unaiza 7153, Talha Hamid 6307, Abdul Qadeer 6758,Hassan Sajid 6303 December 18, 2015 1 Contents 1 Introduction 1.1 Background of Study . . . . . . . . . . . . 1.2 Problem Statement: . . . . . . . . . . . . . 1.3 Objectives of Study . . . . . . . . . . . . . 1.4 Research Questions . . . . . . . . . . . . . 1.5 Significance of study . . . . . . . . . . . . 1.6 Limitations and Delimitations of the Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 6 7 7 7 8 2 Review of the Related Literature 9 3 Research Methodology 3.1 Respondent Sample and Methods 3.2 Semi structured interview . . . . 3.3 Self-completion questionnaires . . 3.4 Focus group/group interview . . . 3.5 Triangulation . . . . . . . . . . . 20 20 21 22 23 23 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 2 1 Introduction Supply Chain Management is the process of managing and controlling of a compound network including...

Words: 5854 - Pages: 24

Premium Essay

Hehehe

...| |UNIVERSITI TUNKU ABDUL RAHMAN (UTAR) | | | | | |FACULTY OF ACCOUNTANCY AND MANAGEMENT (FAM) | Unit Plan | |Unit Code & |UKTS2113 SUPPLY CHAIN MANAGEMENT | | |Unit Title: | | | |Course of Study: |Bachelor of International Business (Hons) | | | | | | |Year of Study: |Year 2 | | | | | | |Year and Semester: |201601 ...

Words: 2747 - Pages: 11

Premium Essay

Supply Chain Management

...Postgraduate Diploma in Supply Chain Management and Logistics. | Awarding Body | The Association of Business Practitioners | Batch | SCML - 1402 | Instructor Information | Name | GV Rao | Phone | | Skype | | Email | gaddevrao@yahoo.com | Assignment Information | Full/ Part Assignment | Part – Task 1 | Date Assignment Issued | 23/03/2014 | Date Assignment Due | | Student Information (To be filled by the student prior submitting the assignment) | Name | | Email | | Date of Submission | | Student Assignment covering form is an integral part of the assignment document and should be submitted along with all submissions. Student Declaration I, _________________ (Name) hereby confirm that this assignment is my own work and not copied or plagiarized. It has not previously been submitted as part of any assessment for this qualification. All the sources, from which information has been obtained for this assignment, have been referenced as per Harvard Referencing format. I further confirm that I have read and understood the Westford School of Management rules and regulations about plagiarism and copying and agree to be bound by them. Students Signature : _____________________ (signed) Student Name : Date : Learning Outcomes and Assessment Feedback Name of the Assessor |   | | | | Learning Outcomes | Assessment Criteria (AC) | Assessor Feedback | LO 1 | |   | Understand the importance of supply chain management and logistics...

Words: 986 - Pages: 4

Premium Essay

Retails

...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0957-4093.htm IJLM 22,3 Retail supply chain management: key priorities and practices Wesley S. Randall Department of Marketing and Logistics, College of Business, University of North Texas, Denton, Texas, USA 390 Brian J. Gibson and C. Clifford Defee Department of Supply Chain Management, College of Business, Auburn University, Auburn, Alabama, USA, and Brent D. Williams Department of Supply Chain Management, Sam M. Walton College of Business, University of Arkansas, Fayetteville, Arkansas, USA Abstract Purpose – The purpose of this paper is to investigate the unique supply chain strategies employed by retailers. Design/methodology/approach – A mixed methods approach was employed involving analysis of depth interviews with 27 retail supply chain executives combined with a follow-up survey capturing over 200 responses. Findings – In light of uncertain economic conditions, retailers appear to be developing more agile/responsive supply chain management (SCM) strategies. Additionally, retailers are putting greater emphasis on maintaining a balance of cost versus service than the cost-centered focus found in a prior study. Research limitations/implications – This study focused on US retailers and therefore results should be cautiously extended to the retailing environment in other countries. Practical implications – Retailing is not a “one size fits all” business, and...

Words: 5824 - Pages: 24

Premium Essay

Marketing

...26,7 Supply chain management: theory, practice and future challenges 754 John Storey and Caroline Emberson The Open University Business School, Milton Keynes, UK, and Janet Godsell and Alan Harrison Cranfield School of Management, Cranfield, UK Abstract Purpose – The purpose of this paper is to critically assess current developments in the theory and practice of supply management and through such an assessment to identify barriers, possibilities and key trends. Design/methodology/approach – The paper is based on a three-year detailed study of six supply chains which encompassed 72 companies in Europe. The focal firms in each instance were sophisticated, blue-chip corporations operating on an international scale. Managers across at least four echelons of the supply chain were interviewed and the supply chains were traced and observed. Findings – The paper reveals that supply management is, at best, still emergent in terms of both theory and practice. Few practitioners were able – or even seriously aspired – to extend their reach across the supply chain in the manner prescribed in much modern theory. The paper identifies the range of key barriers and enablers to supply management and it concludes with an assessment of the main trends. Research limitations/implications – The research presents a number of challenges to existing thinking about supply strategy and supply chain management. It reveals the substantial gaps between theory and practice. A number...

Words: 9407 - Pages: 38

Premium Essay

123fa

...Advanced Supply Chain Management Course overview Course code: 315.075.301 Course title: Advanced Supply Chain Management Credit points: 3 |Course |Campus |Career |School |Learning Mode | |Code | | | | | | |Understanding the supply chain |1 |Definitions of supply chain and its |Read Chapter 1 and answer the | | | | |characteristics |discussion questions | | |Supply Chain Performance: Achieving |2 |How to achieve strategic fit and scope through |Read Chapter 2 and answer the | | |Strategic Fit and Scope | |supply chain management |discussion questions | | |Supply Chain Drivers and Obstacles |3 |Deeper understanding of the elements of supply |Read Chapter 3 and answer the | | | | |chain performance |discussion questions | | |Designing distribution network and |4 |Significance of...

Words: 709 - Pages: 3

Premium Essay

Hiya

...business and management theory * Goal Five: Have developed a range of research skills and project capabilities * Goal Six: (Specialist programmes only) Have developed specialist knowledge about the theory and practice of your programme of study All of the learning that takes place within modules is designed to enable you to achieve the above goals and your assessment tasks are mapped directly to these goals as outlined in each assessment brief. OUTLINE STUDY PLAN 2012/2013 | | Global Supply Chain Management MO0255 | S01 | Week | Lectures | Lecture Topic | Seminar | Recommended Reading | Directed study | 1 | Lecture 1 | Module Introduction | Making the groups of 4-5 studentsCase Study ReviewIntroduction to operation management (Operation Objectives in the Penang Mutiara Hotel) | Slack, N. (2010), sixth Edition, Chapter 2 | -Reading the TLP carefully-Reading stipulated chapters 1, 2 and 3 of the Slack, N. (2010). | | Lecture 2 | Introduction to Global Supply chain and management | | Slack, N. (2010), sixth Edition, Chapter 13 | -Evaluate the supply chain performance in “Siemens”-Evaluate the global sourcing policy within “Levi Strauss” | 2 | Lecture 1 | SC Performance measurement | Case Study ReviewGlobal Supply Chain managementSupplying Fast Fashion (C13, Slack) | Slack, N. (2010), sixth Edition, Chapters 13 & 17. | -Evaluate the SCOR model and its application in BP, Shell, Siemens AG. | | Lecture 2 | Supplier Development | |...

Words: 3348 - Pages: 14

Premium Essay

Design

...com/locate/jom Sustainable supply chains: An introduction Jonathan D. Linton a,*, Robert Klassen b, Vaidyanathan Jayaraman c a Paul Desmarais Professor in the Management of Technological Enterprises, School of Management, University of Ottawa, Ottawa, Ont. K1N 6N5, Canada b Ivey School of Management, University of Western Ontario, London, Ont., Canada c Department of Management, School of Business, University of Miami, Coral Gables, FL, USA Abstract Consideration is given to the convergence of supply chains and sustainability. In doing so, the focus on environmental management and operations is moved from local optimization of environmental factors to consideration of the entire supply chain during the production, consumption, customer service and post-disposal disposition of products. This is a critical and timely topic that captures increasing concerns over sustainability, whether driven by current legislation, public interest, or competitive opportunity. As such, sustainable development is a rich area for academic research that is still in its infancy and has the potential to affect future government policy, current production operations, and identify new business models. This paper provides a background to better understand current trends in this multidisciplinary field that intersect with operations management, and the research opportunities and challenges it presents. # 2007 Elsevier B.V. All rights reserved. Keywords: Supply chain; Sustainability; By-products ...

Words: 4927 - Pages: 20

Premium Essay

Trade-Off Between Service and Inventory Costs

...Twente, Enschede Industrial Engineering and Management Science Specialization: Production and Logistic Management Mark W.H. Roeloffzen October 9th, 2007. Summary Summary ----------Context NXP operates in a highly dynamic and globalized semiconductor market. The NXP supply chain control is like it peers in semiconductor business quite complex. To manage the supply chain and to deal with the market characteristics, six so called Business Renewal II objectives were launched as part of the one page strategy. On one hand the BR II objectives target for a lower break-even point and on the other hand it aims for operational excellence. For supply chain management this translates in lower stock targets on one hand and better supply chain performance on the other hand. Because of the existing link between these two objectives, this research will support the inventory management project team within the Global Supply Chain Management Competence Center by providing insights in the dynamics between inventory levels and the perceived service levels. With these insights, reducing inventories in an uncontrolled way will be avoided and customer service will be increased. Problem formulation The current tools (supply chain configuration tool and zero based...

Words: 20406 - Pages: 82

Premium Essay

Gap Analysis of Retail Supply Chain

...Analysis of Retail Supply Chain between India and Developed Nations INTRODUCTION IMPORTANCE OF SUPPLY CHAIN MANAGEMENT: ← Supply chain management is a topic of importance among the logistic managers and researchers because it is a Consider with a competitive edge. Supply chain management deals with the management of materials, information and financial flows in a net work consisting of suppliers, manufactures, distributes and customers. ← The supply chain management is logistics aspect of a value delivery chain.  It comprises all of the parties that participate in the retail logistics process: Manufacturers, wholesalers, Third Party Specialists like Shippers, Order Fulfilment House etc. and the Retailer. Here, logistics is the total process of planning, implementing and coordinating the physical movement of merchandise from manufacturer to retailer to customer in the most timely, effective and cost efficient manner possible. ← Supply chain enables an organized retailer to move or store products more effectively, efficient logistics management not only prevents needless movement of goods, vehicles transferring products back and forth; but also frees up storage space for more productive use. SOME DEFENITIONS OF SUPPLY CHAIN MANAGEMENT: Supply chain management (SCM) is the management of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). Supply chain management spans...

Words: 4975 - Pages: 20

Premium Essay

Logistics Management

...The Fresh Connection Game Strategic Supply Chain Management SHT 4001 University of HUDDERSFIELD Name: Zhen Lei (Ray) ID: U1069600 Course: Transport & Logistics management Module Leader: Jayne Hemmingham Executive Summary The main purpose of this report is to discuss and introduce the experience of playing the fresh connection game with answering three main questions, The first one is to consider the competitive strategy of the team and evaluate the scope of team’s supply chain strategy was marching with its competitive strategy. The second is to utilize the financial information to analysis the situation of the business in the last round. Examples need to be explained how our team’s supply chain strategy influenced the financial performance of our team. The last point is to explain how the information can be used in the business to achieve sustainable improvements. The participants not only need to introduce their experience of the game but also demonstrate relevant academic theory and concepts. Introduction This report concentrates on reflecting on the experience of playing the fresh connection game experience. The fresh connection is a website which is one the strength of supply chain management researching environment and is played by both students and professionals. It provides a learning experience of supply chain. The students will make strategic decisions in the supply chain of the fresh connection which is based on a substantial producer of...

Words: 2723 - Pages: 11