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Supply Chain Strategies: Customer Driven and Customer Focused

Tony Hines

Chapter 8

Strategic supply chain cost, value and measurement - all with Video Answers

Educators

Chapter Questions

02:40

Problem 1

Present a rationale that carefully explains the importance of having supply chain metrics and identify three important supply chain metrics that your organization of choice is currently using and discuss how each of the measures identified helps to improve the organization's competitive supply chain performance. Examine any potential shortcomings with the measures and evaluate their relative importance to both strategic and operational decision-making. You should provide examples of the measures to illustrate your discussion.

Jennifer Stoner
Jennifer Stoner
Numerade Educator

Problem 2

For an organization of your choice select one supply chain process or activity, and identify and analyse costs involved in the process or activity in terms of material, labour and overhead or activity costs. Explain how value is created for the customer through the process identified.

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04:08

Problem 3

Explain the terms cost and value in relation to supply chains.

Anas Venkitta
Anas Venkitta
Numerade Educator
04:08

Problem 4

There are three cost perspectives that need to be considered in relation to ownership; list them and explain the importance of identifying these costs in relation to managing supply chain costs.

Anas Venkitta
Anas Venkitta
Numerade Educator

Problem 5

Explain the term risk cost.

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04:08

Problem 6

'Budgeting is important to managing supply chain costs.' Explain why budgeting within organizations needs to be extended to the whole supply chain if supply chain strategies are to be evaluated.

Anas Venkitta
Anas Venkitta
Numerade Educator
04:08

Problem 7

Material price variances are just one aspect of managing supply chain costs but why do you think managing material cost might be critical to supply chain efficiency?

Anas Venkitta
Anas Venkitta
Numerade Educator
04:08

Problem 8

Explain the term 'benchmarking' and discuss the importance of benchmarking supply chain performance.

Anas Venkitta
Anas Venkitta
Numerade Educator

Problem 9

'Balanced scorecard approaches have been viewed by many organizations as an essential performance measurement tool.' Discuss.

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04:08

Problem 10

Explain the concept of 'world-class' in relation to organizational supply chains.

Anas Venkitta
Anas Venkitta
Numerade Educator