Supply Chain Management
1. The term ?Supply Chain Management? paints a picture of a single dimension image
of a ?chain?. Some academics or practitioners prefer to use the term ?Supply
Network?. Explain, using illustrations from an industry of your choice, the actual
complexity of a ?Supply Chain?, and explain how the effective management of the
?Supply Chain? can contribute to the overall strategic success of any individual
organisation. What are the key risks facing your organisation?s supply chain.
2. Lean and Agile Supply
a. Lean principles suggest eight categories of wastes. Give examples of each waste for a supply chain of your choice. Discuss the five steps to lean thinking, as identified by Womack and Jones (1996).
b. Using lean principles, discuss how 5 of these wastes could be reduced. Using examples from industry, discuss common wastes in the supply chain and how managers can reduce them.
4. Supplier Portfolio Management
a. With reference to the Kraljic matrix, position and discuss products and services that fit into each of the four quadrants.
b. Discuss strategies that could either reduce costs, risks, or both. You should use the products and services you identified in part a. to illustrate your answer.
5. Strategic Supply Wheel
a. Apply the strategic supply wheel to the procurement function of an organisation of your choice.
b. Based on your analysis, discuss how the procurement function could further support your organization?s corporate strategy.
6. Inter-firm Relationships
a) Using one academic model of your choice, discuss what is meant by a ?portfolio? approach to relationship management and why it may be considered good practice.
b) Analyse some of the reasons for successful inter-organisational relationships at your organisation.
7. Theory of Make-Buy
a) Describe and critically evaluate the major characteristics and assumptions of one theory of make-buy.
b) Discuss why your chosen theory might be useful to managers in your organisation involved in the outsourcing of a critical component. Apply TCE logic to an outsourcing decision of your choice. What further variables would be useful to your decision-making and why?
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