MMPO 005 Solved Assignment 2023-24
Logistics and Supply Chain Management
MMPO 005 Solved
Assignment 2023-24 : All assignments are in PDF format which would be send
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Assignment Code: ASST/ MMPO 005/2023-24
Marks: 100
Attempt all the questions.
Q1. “Porter used a
tool called the value chain to separate buyers, supplier and a firm into the discrete
but interrelated activities from which value stems.” Comment on the statement.
Michael Porter
introduced the concept of the value chain to analyze and understand the various
activities that contribute to the creation of value within a business. The
value chain is a strategic tool that helps in breaking down the activities of a
firm into different categories, allowing for a detailed examination of how each
activity contributes to the overall value proposition.
The value chain
consists of primary activities and support activities. Primary activities are
directly involved in the production and delivery of a product or service, while
support activities provide the necessary infrastructure and resources for the
primary activities to take place. By using the value chain, Porter aimed to
identify sources of competitive advantage and understand how a firm can create
and sustain value for its customers.
The statement
suggests that the value chain is a framework that enables the analysis of the
relationships and interactions among buyers, suppliers, and the firm itself.
Each of these entities plays a crucial role in the value creation process.
Buyers demand value, suppliers provide inputs, and the firm transforms these
inputs through its activities into a final product or service.
By examining
the discrete but interrelated activities within the value chain, businesses can
identify areas where they can gain a competitive edge, optimize their
processes, and enhance overall efficiency. This approach helps in strategic
decision-making, as firms can focus on improving specific activities that have
the greatest impact on value creation.
In summary,
Porter's value chain is a valuable tool for understanding how a firm creates
value by breaking down its activities into distinct components. This analysis
facilitates a comprehensive view of the relationships between buyers,
suppliers, and the firm, allowing for strategic improvements and competitive
advantage in the market.
Q2. It is a fact: SCM
and BPR have a common goal and are interrelated. Explain the sentence with
examples.
Q3. When Christopher
says that “supply chains compete, not companies” what exactly does he mean.
Evaluate this statement from the cost point of view.
Q4. What is the need
for Supply Chain Performance Measures? What are the factors that contribute to
management’s need for new types of measures for managing the supply chain?
Q5. “With information
freely available on the Internet, the demand for consultants will reduce”. Comment
on the statement.
MMPO 005 Solved
Assignment 2023-24 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
MMPO 005 Solved
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