1.1 Critically explain the significance of effective supply chain and operational management in achieving organisational objectives.

Assignment Brief

4. Be able to develop a systematic order of procurement and inventory control.	4.1 Design effective and economic order quantity for procurements in an organisation. 4.2 Critically evaluate the role of the principles of LIFO and FIFO in inventory control. 4.3 Evaluate the just in time systems of managing inventory.
5. Be able to develop a strategy to improve an organisation’s supply chain.	5.1 Analyse factors involved in developing a strategy to improve an organisation’s supply chain. 5.2 Plan various supply chain strategies to improve an organisation’s supply chain. 5.3 Justify the choice of a supply chain strategy according to its suitability, feasibility, acceptability and overall performance benefits inan organisation.

Guidance

There is no scenario for this assignment.You will need to prepare an essay and a report to show your understanding of supply chain and operations management. To develop this report you must apply relevant theoretical concepts, models, relate with real world example of your chosen organizational context and critically analyze your arguments and arrive at justifiable recommendation. 

Task 1 of 2 – Essay (AC 1.1, 1.2, 1.3, 2.1, 2.2, 2.3, 5.1, 5.2, 5.3)

Instructions:

Choose one organisation and write an essay in which you should use specific examples that:

• Outline the nature of the organisation with a background to its operations.

• Critically explain why an effective supply chain is important to all business functions within the organisation and the key factors to develop an integrated supply chain strategy.

• Evaluate why and how the organisation maintains supplier relationship, before recommending a supplier relation system to your selected organisation.

• Critically analyse the factors to consider in developing a strategy to improve an organisation’s supply chain.

• Assess the use of information technology to create strategies to develop effective supplier relationships.

• Provide two or more options to improve the supply chain of your organisation and assess their suitability, feasibility, acceptability and benefits before making your justified recommendation.

Delivery and Submission:

• 1x Essay (2500 words) excluding TOC, diagrams, references and appendices

Task 2 of 2 – Report (AC 3.1, 3.2, 3.3, 4.1, 4.2, 4.3)

Instructions: Write a report with reference to your chosen organisation in Task 1 and support your answer with examples. To develop this report you must apply relevant theoretical concepts, models, relate with real world example of your chosen organizational context and critically analyze your arguments and arrive at justifiable recommendations.Your report should:

• Justify the importance and use of logistics in the supply chain and explain their importance.

• Evaluate the effectiveness of current procurement (both strategies and procedure) within the organisation.

• Critically evaluate the factors that could be used to improve logistic and procurement for your organisation.

• Critically evaluate the applicability of a JIT (Just-in-time) system as well as the applicability of a LIFO or FIFO inventory control for your organisation.

• Propose an effective and economic order quantity system based on your design

Delivery and Submission:

• 1x Report (2000 words) excluding TOC, diagrams, references and appendices

Evidence to be submitted:

• Essay – 2500 words
• Report – 2000 words