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- A. Explain the role of information technology in the supply chain. B. Explain TWO (2) characteristics that information must have to be useful for decision- making in a supply chain.Material cost play a crucial role in determining the overall cost structure of an organization. EFFECTIVE MANAGEMENT of Material cost involved a combination of strategic sourcing rusk management supplier relationships and continuous monitoring of markets trends you are a purchasing manager of e thekwenini municipality Question1 Examine the several necessary processes in the purchasing process that will assist in cost reduction at the municipality and give practical examplesIn In practice, sourcing integrates the strategic and operative decision making levels and coordinates supply strategy, procurement and purchasing activities. Select one: a. False b. True
- A sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?SLO 6.1. Supply contributes to organizational goals and strategies through: Strategic contributions (opportunity maximization)Operational contribution (bottom-line impact)Direct contribution (enhancing performance of others)Indirect contribution (trouble prevention)Profit-leverage contribution (intangible) NEWSLO 6.2. For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: 10 percent36 percent57 percent60 percent75 percentikea Warehouse management plays a strategic role in the overall supply chain process. Effective warehousing strategies can assist the firms in increasing supply chain surplus. On the basis of online data availability, organization and analyze its warehousing strategies. 10 marks Length of the answer: Between 200 and 220 words Originality: 3 References: 1 Analysis of warehousing strategies used by the selected organization: 6
- suppose your business is rental cloth collection, explain specifically the markets competitive advantage in the market place and how it will compete against more established competitors.What choice below differentiates Supply Chain Management (SCM) from Operations Management (OM). O a. OM has no production functions b. SCM has no procurement functions c. OM has no Quality Control functions d. SCM is for service companies only e. Planning beyond your customer's customer and your supplier's supplierPlease do not give solution in image format thanku Profitsfor the company can rocket upward if it achieves sufficient savings in supply chain costs. This is important given the broad scope of the supply chain, which extends beyond the company to include both suppliers and customers. A systematic approach is also important because of the variable requirements supply chain managers must manage. With reference to this information, Examine the influence of systems analysis towards effective identification of organizational goals and purposes. Provide real life examples to support your discussion.
- Put this in other words. Analyze and elaborate this one. In the intricate orchestration of supply chain management, predictive analytics emerges as an indispensable conductor. Drawing upon colossal datasets from multifarious sources, predictive analytics unfurls a tapestry of precise supply and demand prognostications, meticulous inventory optimization, seamless logistics orchestration for punctual deliveries, anticipation of equipment maintenance exigencies, and the nimble adaptation to unforeseen contingencies. In this ever-evolving landscape, predictive analytics has metamorphosed into a critical lever for cultivating an agile and resilient supply chain, warding off disruptions, and laying the foundations for sustainable success.1. In supply chain management, give the types of analytics that are very important to use and explain their individual purposes. 2. Why analytics is critical to supply chain management? Please answer, I really need helpJIT 17. Why is the selection of the supplier an important decision in purchasing?