MGT 311 SEU Block Chain Technology in Supply Chain Management Paper

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Business Finance

MGT 311

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College of Administrative and Financial Sciences Assignment 3 Introduction to Operations Management (MGT311) Deadline for students: (30th April) The 13TH Week Course Name: INTRODUCTION TO OPERATIONS MANAGEMENT Student’s Name: Course Code: MGT311 Student’s ID Number: Semester: 2nd CRN: 25078 Academic Year: 1442/1443 H, First Semester For Instructor’s Use only Instructor’s Name: Dr. Salem Alanizan Students’ Grade: 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. Describe the concept of operations functions, supply chain strategy, process selection, forecasting, capacity planning, production forecast methods and schedule operations (CLO 1.1) 2. Define different perspectives and knowledge of process-flow analysis, process design solutions, lean system, quality controls, Inventory control system and green systems (CLO 1.2) 3. Demonstrate process-flow analysis, process design solutions, operations strategies, Inventory Control System and customer services in the business operation. (CLO 2.2) CREATIVE WRITING ASSIGNMENT ON BLOCK CHAIN TECHNOLOGY IN SUPPLY CHAIN MANAGEMENT Recent technological advancements and rapid manufacturing growth are having a considerable impact on the global supply chain. For example, artificial intelligence is taking over quality control, Internet of Things (IoT) devices and drones are monitoring manufacturing and maintenance, and more than 1.9 million robots are already deployed in manufacturing and warehousing globally. Today, companies need to be agile, flexible, and responsive to survive. Those that drive continuous innovation throughout their businesses and supply chains – and differentiate themselves in a highly competitive market by remaining dynamic and relevant – are the ones that succeed. Keeping in view the above lines you are asked the following questions. Q1. How does Block chain work in Supply chain Management? (3 MM) Q2. How can we say that Block chain technology bring efficiency and transparency in transactions? (3 MM) Q3. What are characteristics of Blockchain technology? (2 MM) Q4. Name five companies in the world who use this technology. (2 MM) A1. A2. A3. A4.
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Explanation & Answer

Please view explanation and answer below.

College of Administrative and Financial Sciences

Assignment 3
Introduction to Operations Management (MGT311)
Deadline for students: (30th April) The 13TH Week

Course Name: INTRODUCTION TO
OPERATIONS MANAGEMENT

Student’s Name:

Course Code:

MGT311

Student’s ID Number:

Semester:

2nd

CRN: 25078

Academic Year: 1442/1443 H, First Semester
For Instructor’s Use only
Instructor’s Name: Dr. Salem Alanizan
Students’ Grade:
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. Describe the concept of operations functions, supply chain strategy, process selection,
forecasting, capacity planning, production forecast methods and schedule operations
(CLO 1.1)
2. Define different perspectives and knowledge of process-flow analysis, process design
solutions, lean system, quality controls, Inventory control system and green systems
(CLO 1.2)
3. Demonstrate process-flow analysis, process design solutions, operations strategies,
Inventory Control System and customer services in the business operation. (CLO 2.2)

CREATIVE WRITING ASSIGNMENT ON BLOCK CHAIN TECHNOLOGY IN
SUPPLY CHAIN MANAGEMENT

Recent technological advancements and rapid manufacturing growth are having a
considerable impact on the global supply chain. For example, artificial intelligence is taking
over quality control, Internet of Things (IoT) devices and drones are monitoring
manufacturing and maintenance, and more than 1.9 million robots are already deployed in
manufacturing and warehousing globally.
Today, companies need to be agile, flexible, and responsive to survive. Those that drive
continuous innovation throughout their businesses and supply chains – and differentiate
themselves in a highly competitive market by remaining dynamic and relevant – are the ones
that succeed.
Keeping in view the above lines you are asked the following questions.

Q1. How does Block chain work in Supply chain Management?

(3 MM)

Q2. How can we say that Block chain technology bring efficiency and transparency in
transactions?
(3 MM)
Q3. What are characteristics of Blockchain technology?

(2 MM)

Q4. Name five companies in the world who use this technology.

(2 MM)

A1. Supply chain management is all about the processes that take place to manufacture goods
and services and how they get to the final consumer . Blockchain assists in this process by
protecting all the information businesses acquire in the process and making sure all the
information and records of the business is kept safe. Blockchain is used in supply chain
management to help in the manufacture of products, processing transactions and financial
data and also keeping all information safe.
A2. Block chain enables consent from owners when the transaction of data in businesses take
place, important information is kept confidential in this way. Fraud can be traced very easily
if blockchain is used in business transactions. Businesses can be able to share information
with suppliers, customers or clients and other businesses very securely if blockchain is used.
With the use of blockchain companies are able to reduce the costs of...

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