Qn. Describe your professional goals and reasons for pursuing the Master of Science in Logistics and Supply Chain Management.
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Qn.
Describe your professional goals and reasons for pursuing the Master of Science in Logistics and Supply Chain Management.
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Key Performance Index of a Logistics Company b) KEY PERFORMANCE INDEX (KPI) Delivery in Full (By Line) Delivery on Time Delivery in Full On Time (DIFOT) (By Line) (In Full x On Time) Total Supply Chain Management Cost Cash to Cash Cycle Time Stockturns (Finished Goods) PERFORMANCE 95-97% 95-97% 60 Days 99% > 99% > 95% 10 Turns BEST WORLD S Source: Logistics Bureau (2018), Benchmarking Report Performance measurement is a methodology to optimise the execution of business strategy. Based on the diagram above: a) Briefly discuss four (4) issues of key performance index (KPI) that transport operators need to focus on in their business to achieve success. Critically examine the strategies a logistics company has to undertake to become world class.What is multipile logistics regression? What is the duration?
- Problem 16-11 (Algo) One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 100,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier's factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.003 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.04 per unit for wages plus a 50 percent surcharge for benefits and, indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $50,000. Finally, management has insisted that overhead be…QUESTION 3 What is supply chain? Identify three segments of a supply chain. Describe how businesses might use applications of each of the two major components of operational CRM systems.What are the potential career opportunities in Supply Chain Management? Question 5 options: Plant Manager Call Center Manager Supply Chain Manager All of the above
- answer question 1 and 2 on problem 1Q-1 Why the industry bearing the cost of warehousing and what values them want to achieve against this cost? You are manager warehouse in a beverage industry; describe those values your company desire to receive from warehouse managementEnabled: Chapter 3 Linear Program... Saved Help Sa In a transportation problem with 3 sources and 8 destinations, how many shipping lanes will exist? Shipping lanes Ne >
- MINICASE: FEDERAL EXPRESS Federal Express provides an excellent example of an organization (and an entrepreneur) that opened up an unrealized market opportunity and began a new industry. It has been claimed that the ‘greatest business opportunities arise when you spot things your customer didn’t have a clue they needed until you offered it to them.’ The idea behind FedEx is simple. It is to provide a speedy and reliable national and international ‘overnight’ courier service for letters and parcels based upon air cargo. FedEx rightly claim to have invented the concept of overnight delivery, creating a whole new market where previously there was none. The company had a peripheral but significant role in the film Castaway, which featured Tom Hanks as a FedEx manager who survived the crash of a FedEx airplane only to spend several years marooned on a desert island. He held on to one of the packages from the plane and finally succeeded in delivering it. FedEx is, however, unusual in a…210:18 | 0.6KB/s0 8 1 64 < Individual Assesment Q JWZ 114 (23 January 2021) ndividual Assessment Based on the slide explanation, answer all question. 1. How would you define 'logistics', 'supply chain'? and How are these areas important? 2. How do you define warehouse or storage? Give one situation related to the warehouse situation. (Picture) 3. List 4 Rules of Running a Warehouse. 4. What is the Golden Rule use for humanitarian Organization? 5. What is the logistic assessment? Word count Mobile view Display directory Edit I! II
