Consider a supply chain with which you are familiar (you may use your current or past employer) and apply the SCOR model (i.e., plan, source, make, deliver, and return) to define and describe the chain. Draw a simple diagram of the value (supply) chain, using this model. Utilize Word (from the menu, choose Insert, Shape) to make the drawing, or sketch the image on paper and then take a picture to upload. Describe how this model works.
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- Consider a supply chain with which you are familiar (you may use your current or past employer) and apply the SCOR model (i.e., plan, source, make, deliver, and return) to define and describe the chain.
- Draw a simple diagram of the value (supply) chain, using this model. Utilize Word (from the menu, choose Insert, Shape) to make the drawing, or sketch the image on paper and then take a picture to upload.
- Describe how this model works.
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- Describe the four primary drivers that organizations use to support their supply chain strategy and operations. Using examples, compare and contrast the characteristics of an efficient supply chain and a responsive supply chain. Answer format: It is preferred that your answers are in a bullet style with relevant heading for each bullet point. Length of each answer: 250 words (each part)A well-planned information and product flow provide a competitive advantage in terms of both prices and service levels. Automation of orders and supply chain management in accordance with real-time market needs is required to minimize the possibility of errors. Which of the drivers of supply chain excellence in your view is the most important in achieving the needed competitive advantage.Use a company that produces or delivers a service familiar to you. Using the SCOR five step model, describe (as good as you can) an effective supply chain model for your organization. Give as much detail as possible for each step.
- Hau Lee Furniture, Inc spends 55% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment Hau would ike to improve the profit line to $20,000 so he can obtain the bank's approval for the loan Current Situation Sales $100,000 $55,000 (55%) $15,000 (15%) Cost of material Production costs Fixed cost $15,000 (15%) Profit $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,0007 What is the cost of material with a $20,000 profit? A decrease of% in matenial (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of S (Enter your response for the percentage decrease to one decimal place and enter your resporise for the new matenal cost as a whole number.)Green Gardens' owner has asked your advice about a possible problem at his business. Over the last 6 months the large-sized lawn and garden inventory (ie, tables, chairs, planters, etc.) has appeared to be short. The inventory records that employees use to determine what is on hand show that more inventory is available than can actually be located. This has cause frustration and mis-trust in the inventory records for the sales employees. The owner realizes that the problem is bigger than just frustrated employees. He is afraid that inventory is being stolen, a problem he didn't think possible given that these are large items that are not easily moved. Requirements: Provide the owner with two internal controls that he could implement to reduce the likelihood of theft of the lawn and garden inventory.At The Fresh Connection, the supply chain manager, has just chosen to change all of the stock levels for finished goods. This is in an attempt to improve service levels to customers. He has set a new safety stock and production interval for all finished products. As the operations manager, it is your task to find out how much space you need in your finished goods warehouse. In an effort to simplify the system, the supply chain manager has set the safety stocks for all 6 finished goods to 3 weeks and the production interval of all finished goods to 1 weeks (or 5 days). The production interval is the time between production runs of a given product. At The Fresh Connection, you measure stocks in terms of weeks of demand. Currently you can store 600 units of 1 liter cartons on a pallet and 1440 units of 0.3 liter PET bottles on a pallet. Your average weekly demand for all the products combined, in 1 liter cartons is 155000. This means that the sum of all one liter products that flow…
- It is common to think of a Supply chain as three flows between customer and supplier. Which of the following flows is NOT one of them? A. Money B. Material C. Vehicle D. InformationAs manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.00 $2.00 $1.00 $0.75 Variable Cost % of Revenue $0.65 25 $0.90 24 $0.30 31 $0.25 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $60.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places).As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.00 $2.00 $1.50 $1.00 Variable Cost $0.65 $0.90 $0.30 $0.25 % of Revenue 25 26 30 19 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $957.69 (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine =…