Management

1. a) Define the following terms;

 

(i)      Purchasing

(ii)     Logistics Management

(iii)    Supply Chain Management

(iv)    World Class Supply Management

(v)     Value Chain

2.  Effective supply chain management aims at realization of business profitability and growth.  Demonstrate how a business can achieve these at the following points of the supply chain management system;

(i)      Purchasing

(ii)     Production

(iii)    Distribution

3.   Supply chain management has undergone tremendous changes in the evolutionary process.  Highlight five (5) drives for changes in the supply chain management concept.

4. With the help of a matrix, indicate the circumstances under which the four(4) categories of risk management strategies in supply chain management are applicable.