MGT 322 Saudi Electronic University Agile Supply Chain Management Strategy Questions

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MGT 322

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College of Administrative and Financial Sciences Assignment 3 Deadline: 11/4/2020 @ 23:59 Course Name: Student’s Name: Course Code: MGT322 Student’s ID Number: Semester: II CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY  The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.  Assignments submitted through email will not be accepted.  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.  Late submission will NOT be accepted.  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. Logistics Management ASSIGNMENT -3 Submission Date by students: Before the end of Week- 12th Place of Submission: Students Grade Centre Weight: 10 Marks 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 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). 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. 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). Consult chapter 7 of your text book or secondary available data on internet and answer the following questions. Question: 1. Why Companies adopted Lean Thinking and JIT model? 2. Discuss major types of Waste, companies has to keep in mind during production. 3. Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users? 4. Due to COVID 19 emergency do you think agile supply chain is the right concept in this kind of situation? Give reason with example. The Answer should be within 4- 5 pages. The Answer must follow the outline points below:  Lean Thinking and JIT Concept  Agile Supply chain  Their Main functions  Reasons with suitable Examples  Reference Ans 1: Ans 2: Ans 3: Ans 4:
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Running Header: Lean Thinking and JIT Model

Agile Supply Chain Management Strategy
Student’s Name
Institutional Affiliation

1

Lean Thinking and JIT Model

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Agile Supply Chain Management Strategy
1. Why Companies adopted Lean Thinking and JIT model?
Supply Chain Management (SCM) enables products to be distributed at the right quantity, to
the exact locations, and at the right time. SCM enhances reductions of costs that, at large, ensures
customer satisfaction. In enabling all these effectively, business introduces the Lean thinking and
JIT models that improve all the processes (Sigh, 2013). Lean thinking refers to a set of principles
and procedures which can be applied by individuals and by a group. At the same time, the JIT
model is the utilization of resources, i.e., materials units, and the various components of
manufacturing arriving Just in Time for usage.
Roles of Lean Thinking and JIT model
Reduction of Lead Time
Lead time is the total period and the frequency of product production. Introducing Lean
thinking and just in time principles would help reduce the time of creation from the start to the
end.
Reduction of Inventory
Inventory is a set of items that an organization maintains, awaiting meeting the demands
of both the internal and external customers. Implementing Lean JIT would help reduce the high
costs arising, enabling customer satisfaction.
Employees Participation

Lean Thinking and JIT Model

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JIT models allow the workers to participate in making decisions; thus instill trust among
the workers, improving their relationship with both the internal and external customers
Improvement of product quality
Lean thinki...


Anonymous
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