Pscm 330: Supply Chain Management Question Paper
Pscm 330: Supply Chain Management
Course:Accounting,Finance And Investiments
Institution: Kenya Methodist University question papers
Exam Year:2013
KENYA METHODIST UNIVERSITY
END OF 2ND TRIMESTER 2013 (DAY) EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING, FINANCE AND INVESTMENTS
UNIT CODE : PSCM 330
UNIT TITLE : SUPPLY CHAIN MANAGEMENT
TIME: 2 HOURS
Instructions:
Answer question one and any other two questions.
Question One
Define the following
Supply chain management.
(2mks)
Supply chain optimization.
(2mkS)
Describe the objectives of supply chain optimization
(10mks)
Discuss the key processes necessary for attaining effectiveness in the supply chain.
(8mks)
Logistics is key to the success of the supply chain of a business firm. Discuss.
(8mks)
Question Two
Successful relationships between buyers and suppliers can be managed effectively through contract management.
Define the term contract.
(2mks)
Discuss the elements that make up valid contract.
(10mks)
The strategic fit of any organization requires achievement of balance between responsiveness and efficiently in an organization supply chain. This requires drivers of supply chain management performance. Discuss.
(8mks)
Question Three
Define the term value analysis.
(2mks)
With the aid of a diagram, discuss Michael Porters value chain analysis.
(18mks)
Question Four
Highlight the contents of a purchasing manual.
(4mks)
Organization may either decide to adopt a centralized or decentralized purchasing structure. Describe the benefits of adopting a centralized structure.
(8mks)
Discuss various ways through which an organization can achieve supply chain coordination.
(2mks)
Question Five
Define the following terms
Economics order quantity
Manufacturing resource planning
Fixed order qualities
Vendor managed inventory.
(20mks)
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