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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.

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