Supply chain management and cost-benefit analysis

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Supply Chain Management
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Question 1
A
The cost-benefit analysis seeks to determine a relationship between the service importance that the final customer would get. In order to determine feasibility of the logistics and the supply chain, a vendor should utilize the cost-benefit analysis (Grant, et.al, nd). It is said to be the last step in the assessment of viability to understand the risks and benefits estimate paramount in the performance and the implementation of a good and reliable supply system.
B
The logistic design is impacted by the increases in price. Supply chain is normally favored by lower prices which provide lower costs of supply and higher benefits. On the contrary, higher fuel prices tend to increase costs limiting the feasibility of the logistic and supply chain. A cost-benefit analysis should be conducted when there occur fuel variation to determine if a supply chain system should be exploited.
Question 2
Each means is differentiated from the other based on the influence to improving customer service. Fast and convenient transportation provide reliability in availing goods to the final consumer. On the other hand, high inventory and/or expansive warehouses would decrease transport costs and also increase the capacity to storage (Govindan, Kannan, et al, 345). These would lower stock-out costs and meet demand on a continuous basis.
Question 3
A
A reliability-based trust is based on the identified similar supply chain partner’s insight. On the contrast, character-based concerns the supply chain organizational values and culture. Character-based trusts are essential in collaboration relationships because of their efficiency with timely information being relayed to investors (Mangan, John & Chandra , nd)
B
The identifiable collaboration types include information sharing, strategic collaboration and transactions. Their differentiation varies from the work each is designed to do. What drives such variations is the nature of the information give-and-take.
Question 4
A
Performance measurement system has three major objectives of control, monitor and direct logistical operations. A control objective identifies errors and initiates necessary corrections. The monitoring aspect of the system would only observe and oversee the progress and finally is the directive objective that creates a road map to the performance measurement (Yu, Ying, et al, nd).
B
Sarbanes – Oxley was created to curb the mismanagement of funds by organization. It helps to improve the financial perspective of an organization by reviewing the internal control systems. The internal controls that deal with the financial perspective is interlinked to the supply chain activity in the organization which makes it possible to ascertain any loss and misappropriation. This helps a logistic and supply chain performance measurement system to be well aligned.
Question 5
Balanced score card
A balanced score card is useful in an organization’s performance evaluation. It relies on the perspectives of finance, customers, internal operations and the innovation and the learning. Logistic managers can utilize these various perspectives of the balanced score card to develop a performance measurement system that would be of help to the supply chain management.
Question 6
A
Challenges related to security
Inventory theft would highly threaten supply chain that, the activity involves large volume of goods and people at the contact centers may collude with those in the firm to steal.
Involvement with legal and illegal goods that are not verified in an activity of smuggling would violate country laws and threatens logistics and supply chain.
Challenges related to regulatory and compliance
Engagement of non-qualified supply chain partners may facilitate breach of contracts due to non-understanding of pronouncements in the trade and field.
Lack of regulatory labeling of goods or product and also providing of verified information through GDSN would threaten supply chain as the market would get flooded with non-standardized commodities and also be occupied by many unregulated vendors and supply chai partners.
B
Types of functional skills
Cost and management accounting help in the cost/benefit analysis and it is a crucial skill in the supply chain.
Ethical conduct such as exhibiting integrity and transparency would help in the supply chain as it would facilitate straightforward business.
Communication is another skill that would help in business understanding. It will enhance the creation of a useful tool for purposes of negotiation and analysis of business activities with other vendors and suppliers (Christopher & Martin, nd).
Question 7
A
Fixed co...