Chat with us, powered by LiveChat Describe the concept of operations functions, supply chain strategy, process selection, forecasting, capacity planning, production forecast methods and schedule operations - Essayabode

College of Administrative and Financial Sciences Assignment 3 Introduction to Operations Management (MGT311) Deadline for students: (4th May 2024 @ 23:59) Course Name: Introduction to operations Management Student’s Name: Course Code: Student’s ID Number: Semester: MGT311 Second CRN: Academic Year: 2023-24, Second Semester For Instructor’s Use only Instructor’s Name: Students’ Grade: xx/10 Level of Marks: Instructions – PLEASE READ THEM CAREFULLY ❖ This assignment is an individual assignment. ❖ The Assignment must be submitted only in WORD format via allocated folder. ❖ Assignments submitted through email will not be accepted. ❖ Students are advised to make their work clear and well presented. This also includes filling your information on the cover page. ❖ Students must mention question number clearly in their answer. ❖ Late submitted assignments will NOT be entertained. ❖ Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. ❖ All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). ❖ Place of Submission is Blackboard. ❖ Weight 10 Marks Submissions without this cover page will NOT be accepted. Learning Outcomes 1.1 Describe the concept of operations functions, supply chain strategy, process selection, forecasting, capacity planning, production forecast methods and schedule operations. 2.3 Implement technological tools in production models like forecasting, lean manufacturing and world class manufacturing (WCM) to enhance the productivity and communication with other persons involving in operation and also to review their contribution to the profit. CREATIVE THINKING ASSIGNMENT ON SUPPLY CHAIN MANAGEMENT Supply Chain Management (SCM) refers to the technique of handling a string of operations involved in the transportation of raw materials from the source to an enterprise to develop a desired product or service, which will eventually be delivered to its intended customer. A properly functioning supply chain is crucial to the development and growth of any country. It gives countries a competitive edge over others in the marketplace. Supply chain management is aimed at cutting down costs, maximizing efficiency, and increasing productivity. To strike a fruitful balance between supply and demand, supply chain management must join hands with technology to improve supply chain processes and provide solutions to eliminate existing supply chain constraints. To keep in view the above importance of Supply chain answer the following questions. Q1. What are the Major Challenges in Supply Chain Management today? How Can you Overcome them? 2.5 Marks (400 words Minimum) Q2. Define the role of E-logistics in supply chain operations. 2.5 Marks (400 words Minimum) Q3. Explain the role of technology in Supply chain Management with special focus on Block chain technology. 2.5 Marks (400 words Minimum) Q4. Assume yourself as an advisor of Supply chain discipline, suggest ways and means through which supply chain efficiency can be improved? 2.5 Marks (400 words Minimum) Note: At least three references are required.