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Lean SCM Assignment Solution
Assignment: 1 What are the key principles of lean supply chain, explain any 2 terminologies/practices of lean?
Assignment: 2 What is waste according to lean philosophy, what can be done to eliminate waste and inefficiencies from the supply chain?
Logistics Fundamentals & Processes
Assignment: 1 Referring to the case study attached explain pharma company supply chain with a diagram.
Assignment: 2
What is cold chain in supply chain, exampling mention the role of cold chain in pharma supply chain?
Planning for Logistics
Assignment 1: What are the benefits of a supply chain planning and mention roles and responsibilities of a supply chain planner?
Assignment 2: How supply chain planning can help improve customer service, reduce cost and enhance collaboration with suppliers for Electric Vehicle/automobile industry?
Supply Chain Modelling and Design
Assignment 1: What is bullwhip effect, how we can reduce the impact of bullwhip effect?
Assignment 2: What is the demand-driven planning approach, how does it help improve supply chain efficiency?
Accounting in Logistics & Supply Chain Sector
Assignment 1: Refer to the case study & answer the question-
Integrated Assignment Case Study
Introduction
MnO Limited Company is a global manufacturer and distributor of medical devices, with operations in multiple countries. The company is committed to delivering high-quality products to customers and patients, while maintaining cost efficiency and sustainability. To achieve these goals, the company has implemented a supply chain planning and lean supply chain strategy.
MnO Limited Company has implemented a rigorous supply chain planning process to ensure that the right products are available at the right time and in the right quantity. The company uses a demand-driven planning approach, which involves using real-time data to predict future demand and adjust production accordingly. This approach enables the company to reduce inventory levels and minimize the risk of stockouts.
The company also uses a collaborative planning process with its suppliers to ensure that materials are delivered on time and in the right quantities. This helps to minimize disruptions and delays in the supply chain and improve overall efficiency.
To further optimize its supply chain, MnO limited has also implemented a lean supply chain approach. This involves eliminating waste and inefficiencies from the supply chain to create a streamlined and efficient process. The company has implemented several lean principles, including:
• Just-in-Time (JIT) Delivery: The company uses JIT delivery to ensure that materials and products are delivered at the precise moment they are needed, reducing inventory costs and improving efficiency.
• Continuous Improvement: The company is committed to continuously improving its supply chain processes and regularly reviews and updates its systems to eliminate waste and inefficiencies.
• Kaizen: The company encourages its employees to identify opportunities for improvement in the supply chain and implement small, incremental changes to achieve better results.
• Total Quality Management (TQM): The company focuses on ensuring that all aspects of its supply chain, from raw materials to finished products, meet high quality standards.
Benefits
The supply chain planning and lean supply chain approach at MnO Limited has led to a number of benefits, including:
• Improved Efficiency: By using a demand-driven approach, JIT delivery, and lean principles, the company has significantly improved its supply chain efficiency, reducing lead times and inventory costs.
• Better Customer Service: The company is better able to meet customer demand with a more responsive and efficient supply chain, improving overall customer satisfaction.
• Reduced Waste: The lean supply chain approach has helped the company eliminate waste and inefficiencies from its processes, reducing costs and increasing sustainability.
• Enhanced Collaboration: The collaborative planning process with suppliers has improved communication and collaboration, resulting in a more efficient and effective supply chain.
Question: What are some potential financial challenges or risks associated with implementing a new technology supply chain planning?
Assignment 2: How accounting and financial monitoring/audits can mitigate this risk, Also, explain how you as a manager can improve financial flow in the supply chain?
Solution: LSCM Sem 3 Assignment Solution-May-2024.docx after payment.
