supply chain management

BBA311 SUPPLY CHAIN MANAGEMENT Final Assignment Task brief & rubrics

Task

Students are required to provide an individual report with a comprehensive analysis in this assessment by drawing on the various theories and cases covered

during this course and through their own research. Student answers must illustrate flow and progression of ideas through critical and independent thought.

The exam consists of FIVE questions. Students must answer ALL questions.

The answers to questions require students to provide models and examples to support their critical evaluation of change in the given context.

Question 1.

a) What is the difference between EOQ model and JIT?

b) Provide examples of companies implementing EOQ model and JIT.

Question 2.

What is the definition of the following terms in Supply Chain Management? Explain with examples.

a) Safety Stock.

b) Holding or Carrying Cost in Stock Management.

c) B.O.M.

d) Lead Time

Question 3.

a) What is an ERP/MRP?

b) What are the inputs needed by this information system and the outputs it generates?

c) What are the benefits of its implementation?

d) Explain an example of application of this information system in a company.

Question 4.

EXERCISE OF MRP:

BILL OF MATERIALS: X = 5 A + 7 B + 3 C X, Y: Finished Goods.

Y = 6 A + 12 B + 8 C A, B, C: Raw Materials.

DEMAND:

DAYS: 1 2 3 4 5 6 7 8

X 25 25 25 24 23 24 23 22

Y 30 30 30 32 32 34 35 35

STOCK INFORMATION:

PRODUCT L.T. SIZE INITIAL STOCK Transportation Stock

X 1 Day 1 UN 20 Day 1: 12, Day 4: 6

Y 1 Day 1 UN 15 Day 1: 8, Day 5: 6

Fill the MRP Tables for Products X and Y and compute the Needs for A, B and C.

PRODUCT: X INITIAL

STOCK

DAYS

1 2 3 4 5 6 7 8

GROSS DEMAND

IN STOCK

RECEIVED

FINAL STOCK

NET DEMAND

PRODUCTION

PRODUCTION ORDERS

PRODUCT: Y INITIAL

STOCK

DAYS

1 2 3 4 5 6 7 8

GROSS DEMAND

IN STOCK

RECEIVED

FINAL STOCK

NET DEMAND

PRODUCTION

PRODUCTION ORDERS

Question 5.

One of the Volkswagen plants must decide how many of a particular type to order for manufacturing automobiles.

The company plans to produce 250,000 cars in the next year. All cars planned for production use the same headlamps (2 units per car); therefore, demand for the

lamps for the next year is known to be 500,000 units. The purchasing agent wants to know how many lamps to buy at one time. Historically, lamps have been

received two days (lead time) after they were ordered. It costs € 75 to order lamps, and the holding-cost fraction used by the auto company is 17 % per year. The

lamps cost € 8 each.

a. Compute the Economic Order Quantity. b. What is the number of orders per year? c. What is the frequency of orders? Assume the company works 365 days a year. d. What is the reorder point? e. The company works with a Safety Stock of 0.5 days. What is the level of this stock? f. What is the Average Stock? g. What is the total Holding Cost? h. What is the total Ordering Cost? i. What is the total Cost of Stock Management? j. Draw the evolution of stock in time (the stock chart).

Formalities:

• Wordcount: 2500-3000 words

• Cover, Table of Contents, References and Appendix are excluded of the total wordcount.

• Font: Arial 12,5 pts.

• Text alignment: Justified.

• The in-text References and the Bibliography have to be in Harvard’s citation style.

Submission:

Week 12– Via Moodle (Turnitin).

Deadline: 9th January 2022 at 23:59 CEST.

Weight: This task is a 40% of your total grade for this subject.

It assesses the following learning outcomes:

• Outcome 1: Evaluate and apply supply chain management techniques that results in improved customer’s service and satisfaction.

• Outcome 2: Construct techniques of inventory management.

• Outcome 3: Appraise the important role of logistics and supply chains in 21st century organizations.

Rubrics:

Exceptional 90-100 Good 80-89 Fair 70-79 Marginal fail 60-69

Knowledge & Understanding

(20%)

Student demonstrates excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.

Student demonstrates good understanding of the task and mentions some relevant concepts and demonstrates use of the relevant vocabulary.

Student understands the task and provides minimum theory and/or some use of vocabulary.

Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary.

Application (30%) Student applies fully relevant knowledge from the topics delivered in class.

Student applies mostly relevant knowledge from the topics delivered in class.

Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.

Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.

Critical Thinking (30%)

Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.

Student critically assesses in good ways, drawing conclusions from relevant authors and references.

Student provides some insights but stays on the surface of the topic. References may not be relevant.

Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources.

Communication (20%)

Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck

Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck

Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident.

Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident.