Supply Chain Optimization

  M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS   Q.10 Write a brief note on forms of supply chain networks. ANS: Supply chain networks exhibit various models that aid in understanding the various optimization methods used for studying uncertainty and scenario modelling. As shown below, there are six distinct supply chain network models.           1. Producer Storage with Direct Shipping: In this model, goods are transported directly from the manufacturer’s starting point to the end customer’s destination point, bypassing the retailer. The retailer accepts the order and initiates the delivery request. This is also known as drop-shipping because the product is delivered directly from the manufacturer’s location to the customer’s location. 2. Producer storage with direct shipping and in-transit merge (crossdocking): It is like pure drop-shipping or moving, but the difference is that pieces of the order come from various locations and are merged into one so that the customer receives a single delivery. 3. Distributor storage with package carrier delivery: When inventory is not owned by the manufacturers at the plants, but rather by merchants/retailers in intermediate warehouses, package carriers are used to ship goods from the intermediate location to the final customer. 4. Distributor storage with last-mile delivery: When a merchant/retailer delivers the goods ordered by the customer to the customer’s home rather than using a package carrier, this type occurs. 5. Producer or distributor storage with customer pickup: The inventory is stored at the manufacturer’s or producer’s warehouse, but customers place their orders online or by phone and then come to pick-up points designated for collecting their orders. 6. Retail Storage with Customer Pickup: This is mostly used when inventory is kept locally at retail stores; customers walk into the store or order something online or over the phone and pick it up at the store. Customers’ preferences are used to make distribution system decisions. This, in turn, affects the demand for the product or products as well as the cost of the distribution arrangement.     If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw     supply chain management logistics m.com sem 4 question paper   supply chain management logistics m.com sem 4 question with answer m.com semester 4 subjects of supply chain management logistics m.com semester 4 mumbai university supply chain management logistics important question IDOL mumbai university m.com semester 4 supply chain management logistics important question IDOL mumbai university supply chain management logistics important question business management supply chain management m.com sem 4 question paper M.com Semester 4 business management supply chain management Important idol mumbai university M.com Semester 4 business management supply chain management Important business management M.com supply chain management Important question supply chain management mcq questions and answers pdf downloa SUPPLY CHAIN MANAGEMENT AND LOGISTICS M.COM Business Management Supply Chain Management Mcom Master Of Commerce Semester 4 Question Papers M.Com. Semester Pattern Study Material

 M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS Q.2 Explain the principles of SCM in detail. ANS: The concept of the chain is important because each link is connected in a specific direction and order, and the next link cannot be reached without going through the previous one. Each link adds time and costs, and may involve labour, parts, and transportation. Every product a business carries may have its own supply chain, though they may use certain suppliers for multiple products.       1. Adapt Supply Chain to Customer’s Needs: The businesses and supply chain professionals understand customer‘s needs. Customers are divided into different groups called ‗segments‘ in order to understand them better. On the basis of sales volume or profitability, the primitive way to segment customer is ABC analysis. It can also be done by product, trade channel and industry. Anticipating the customer‘s needs is also very important. Once the needs of the customers are anticipated, the supply chain should be aligned to cater to the needs. 2. Customize Logistics Network: After the segmentation of the customers based on different requirements, SCM managers have to tailor logistics networks to serve different segments. The SCM manager has to prioritize the deliveries and make suitable provisions to quickly distribute those goods that are marked as urgent. 3. Align Demand Planning Across Supply Chain: Supply chain professionals are trained to share data with trading partners in order to avoid the unnecessary stock. The demand data must be used wisely by the SCM managers. 4. Differentiate Products Close to Customers: Standardization and differentiation are two completely opposite things. Some cosmetic companies manufacture only 1 SKU that can be sold throughout Asia instead of 1 SKU per country. Due to the economy of the sales, standardization can drastically bring down the cost. 5. Outsources Strategically: Though outsourcing is all the rage, the managers must outsource strategically. The core expertise should not be outsourced ever. This principle stands the test of time. 6. Develop IT that Support Multi-Level Decision Making: The IT projects should not be done in isolation and before IT projects, the business process reengineering should be done. This provides a proper understanding of process insufficiencies and helps to determine the kind of innovation needed. 7. Adapt Both Services and Financial Metrics: The activity-based costing (ABC) is applied to determine the customer‘s profitability. It is even better to exploit Time Driven Activity Based Costing in order to understand changes in activities, process, product and customers. If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw         supply chain management logistics m.com sem 4 question paper   supply chain management logistics m.com sem 4 question with answer m.com semester 4 subjects of supply chain management logistics m.com semester 4 mumbai university supply chain management logistics important question IDOL mumbai university m.com semester 4 supply chain management logistics important question IDOL mumbai university supply chain management logistics important question business management supply chain management m.com sem 4 question paper M.com Semester 4 business management supply chain management Important idol mumbai university M.com Semester 4 business management supply chain management Important business management M.com supply chain management Important question supply chain management mcq questions and answers pdf downloa SUPPLY CHAIN MANAGEMENT AND LOGISTICS M.COM Business Management Supply Chain Management Mcom Master Of Commerce Semester 4 Question Papers M.Com. Semester Pattern Study Material