Management Question
Instructions – PLEASE READ THEM CAREFULLY
This assignment is an individual assignment.
The Assignment must be submitted only in WORD format via allocated folder.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
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).
Submissions without this cover page will NOT be accepted.
References at least 2 to 3 references + the attached file.
Note: Use APA style of referencing
Logistics Management
ASSIGNMENT -2
Learning Outcome:
1. Demonstrate an understanding of how global competitive environments are changing supply chain management and logistics practice.
2. Apply essential elements of core logistic and supply chain management principles.
3. Analyze and identify challenges and issues pertaining to logistical processes.
Assignment Workload:
This assignment is an individual assignment.
Critical Thinking
Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keen indecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.
The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).
To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’s leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).
Read attached file or secondary data on the internet and answer the following questions.
Question:
1.Why Manufacturing Companies adopted Lean Thinking and the JIT model?
Answer should be within the limit of 400- 500 words.
2.Discuss major types of Waste, why overproduction is the biggest waste companies have to keep in mind during production.
Answer should be within the limit of 400- 500 words.
3.Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users?
Answer should be within the limit of 400- 500 words.
4.With the advent of artificial intelligence. The agile supply chain is a perfect concept for future SCM? Give reasons with examples.
Answer should be within the limit of 400- 500 words.
5.Reference ((1.0 Marks))
Each answer should be within the limit of 400- 500 words.
The Answer must follow the outline points below:
Lean Thinking and JIT Concept
Agile Supply chain
Their Main functions
Reasons with suitable Examples
Reference