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    BM1201 Operations and Supply Chain Management MOODLE

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    rishitaa15

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    BM1201 Operations and Supply Chain Management MOODLE

    Uploaded by

    rishitaa15
    9 views6 pages

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    Copyright:

    © All Rights Reserved
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    9 views6 pages

    BM1201 Operations and Supply Chain Management MOODLE

    Uploaded by

    rishitaa15

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Cass Undergraduate School

    BSc (Hons) Degree in Management


    BSc (Hons) Degree in Business with Finance
    BSc (Hons) Degree in Business with Marketing
    BSc (Hons) Degree in Business Management, Digital
    Innovation and Entrepreneurship
    BSc (Hons) Degree in International Business

    BM1201 Operations and Supply Chain


    Management
    Stage 1 Examination

    20 May 2019 14:30 – 16:45

    Instructions to students:

    Candidates must answer ALL questions. All answers must be written in the
    answer booklet. This paper contains thirteen questions. Section A is worth
    12%, Section B is worth 8%, Section C is worth 20%, Section D is worth
    60%.

    This examination paper consists of 7 printed pages including the title page.

    Materials:

    Number of answer books to be provided: one.


    Only the Casio calculators FX-83 (MS, ES or GT+) or FX-85 (MS, ES or
    GT+) are permitted for use in this exam.
    Dictionaries are not permitted.
    This examination paper cannot be removed from the examination room.

    Internal Examiner: Dr. Dimitris Paraskevopoulos and Dr. Florian Lucker


    External Examiner: Dr Thomas Wainwright

    Page 1 of 6
    Section A

    Omitted.

    Section B

    This section is worth 8% of the paper. Please put your answers in the answer book
    provided.

    Question 4

    Shaping the right supply chain for a given product (or product range) is critically
    important. Where would you place the following products? Please place the
    corresponding letter reference (A, B, C, and D) in the matrix here below.

    Answers must be put in your answer booklet.

    A. BMW M5 (a sports sedan)


    B. Toilet paper
    C. Generic pharmaceutical
    D. Apple Watch

    (4 marks)

    Page 2 of 6
    Question 5
    Please clearly illustrate in the chart below the typical relationship between the
    coefficient of variance on one hand and the average sales per item on the other hand.
    Draw a curve in below chart.

    Answers must be put in your answer booklet.

    0
    low high

    (4 marks)

    Questions continue on the next page.

    Page 3 of 6
    Section C

    This section is worth 20%. You are required to complete the blanks. Answer ALL
    questions. Answers must be put in your answer booklet.

    Question 6

    Companies carry inventory for different reasons. What is the principle reason why
    companies carry inventory of the types listed here below? Please keep your answer
    short.

    A. Cycle inventory _________________________________________

    B. Safety inventory _________________________________________

    C. Seasonally inventory _________________________________________

    D. Pipeline inventory _________________________________________

    (4 points)
    Question 7
    Many companies calculate demand forecasts based on historical sales data using a
    time series approach.
    The level of detail may vary from basic moving averages to more sophisticated models
    with exponential smoothing, trend analysis and seasonality.
    Provide the names of four further forecasting methods.
    (4 marks)
    Question 8
    A firm purchased goods with a purchase price of $1,000 and the following credit terms:
    a credit period of 30 days; 1% discount if paid within 10 days. The firm paid for these
    goods on the 5th day after the date of sale.
    The firm must pay ________$ for the goods.
    (4 marks)
    Question 9
    A firm purchased raw materials and paid for them after 30 days. The raw materials were
    used to manufacture a finished good that was sold 100 days after the raw materials
    were purchased. The customer paid for the finished good 60 days later.
    The firm's cash conversion cycle is ________ days.
    (4 marks)
    Page 4 of 6
    Question 10
    A process with very high variety and very low volume is likely to have
    a_________layout:
    Please fill in the gap with the name of one of the types of layouts.
    (4 marks)

    Questions continue on the next page.


    Page 5 of 6
    Section D
    This section is worth 60%. Answer ALL questions. Answers must be put in your
    answer booklet.

    Question 11

    Please discuss two supplier financing tools/solutions and discuss benefits and
    drawbacks for involved parties as well as implementation challenges. Use examples to
    illustrate the usefulness of the financing tools/solutions.

    (20 marks)

    Question 12

    Describe and categorise various risks to which global supply chains are exposed.
    Suggest at least three ways how a company can mitigate such supply chain risks.
    Please use examples to justify your answers.
    (20 marks)
    Question 13
    With reference to an operation of your choice, write a short report on lean operations
    that includes:
     A description of the basic principles of lean operations.
     A discussion of potential wastes within your selected operation.
     An analysis of barriers to lean implementation within your selected operation?
    (20 marks)

    Page 6 of 6

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