Examination Paper of Supply Chain Management1IIBM Institute of Business ManagementIIBM Institute of Business ManagementExamination Paper MM.100Supply Chain ManagementSection

Examination Paper of Supply Chain Management1IIBM Institute of Business ManagementIIBM Institute of Business ManagementExamination Paper MM.100Supply Chain ManagementSection A: Objective Type & Short Questions (30 Marks) This section consists of Multiple Choi  ce & Short Notes type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 2 marks each.Part One:Multiple Choices:1. When demand is steady, the cycle inventory for a given lot size (Q) is given by_____a. Q/4b. Q/8c. Q/6d. Q/22. There are two firms „x‟ and „y‟ located on a line of distance demand(0-1) at „a‟ and „b‟respectively, the customers are uniformly located on the line, on keeping the fact of splitting ofmarket, the demand of firm „x‟ will be given by,a. (a+b)/2b. a+(1-b-a)/2c. (1+b-a)/2d. a+(a-b)/23. Push process in supply chain analysis is also called_______a. Speculative processb. Manufacturing processc. Supplying processd. Demand process4. If the Throughput be „d‟ and the flow time be „t‟ then the Inventory „I‟ is given by______a. I *d=tb. I=t+dc. d=I*td. I =d*t5. Forecasting method is_______a. Time seriesb. causalc. Qualitatived. All the above6. Component of order cost include:a. Handling costExamination Paper of Supply Chain Management2IIBM Institute of Business Managementb. Occupancy costc. Receiving costsd. Miscellaneous costs7. How many distinct types of MRO inventory are there:a. Oneb. Fourc. Threed. Two8. Supply chain driver is________a. Inventoryb. Return abilityc. Fulfillmentd. All of above9. SRM stands for________a. Strategic Relationship Managementb. Supply Return ability Managementc. Supplier Relationship Managementd. None of the above10. Discount factor equals to, where k is the rate of return.a. 1/1+kb. 2/1+kc. 1/1-kd. 1/2+kPart Two:1. Explain “zone of strategic fit”.2. Explain “scope of strategic fit”.3. What do you understand by “stimulation forecasting method”?4. Write on “obsolescence (or spoilage) cost”.5. Define “square law” in safety inventory of supply chain management.6. What does the word “postponement” signifies in supply chain?7. What do you understand by the term “tailored sourcing”?8. Explain the term “outsourcing”.9. Write on “threshold contracts” for increasing agent efforts.10. What is “dynamic pricing”?END OF SECTION AExamination Paper of Supply Chain Management3IIBM Institute of Business ManagementSection B: Caselets (40 marks)  This section consists of Caselets.  Answer all the questions.   Each caselet carries 20 marks.  Detailed information should form the part of your answer.Caselet 1Orion is a global co. That sells copiers. Orion currently sells 10 variants of a copier, with all inventorykept in finished-goods form. The primary component that differentiates the copiers is the printingsubassembly. An idea being discussed is to introduce commonality in the printing subassembly sothat final assembly can be postponed and inventories kept in component form. Currently, each copiercosts $1,000 in terms of components. Introducing commonality in the print subassembly will increasecomponent cost to$1.025.One of the 10 variants represents 80 percent of the total demand. Weeklydemand for this variant is normally distributed ,with a mean of 1,000 and a standard deviation of200.Each of the remaining nine variants has a weekly demand of 28 with a standard deviation of20.Orion aims to provide a 95per level of services .Replacement lead time for components is fourweeks. Copier assembly can be implemented in a matter of hours. Orion manages all inventoriesusing a continuous review policy and uses a holding cost of 20 percent.1. How much safety inventory of each variant must Orion keep without component commonality?What are the annual holding costs?2. How much safety inventory must be kept in component form if Orion uses common componentsfor all variants? What is the annual holding cost? What is the increase in component cost usingcommonality? Is commonality justified across all variants?3. At what cost of commonality will complete commonality be justified?4. At what cost of commonality will commonality across the low-volume variants be justified?Caselet 2An electronic manufacturer has outsourced production of its latest MP3 player to a contractmanufacturer in Asia. Demand for the players has exceeded all expectations whereas the contractmanufacturers sell three types of players- a 40-GB player, a 20-GB player, 6-GB player. For theupcoming holiday season, the demand forecast for the 40-GB player is normally distributed, with amean of 20,000and a standard deviation Dard deviation of 11,000, and the demand forecast for the 6-sGB player has a mean of 80,000 and a standard deviation of 16,000. The 40-GB player has a saleprice of $200, a production cost of $100, and a salvage value of $80 .The 20-GB player has a price of$150, a production cost of $70, and a salvage value of $50.1. How many units of each type of player should the electronics manufacturer order if there are nocapacity constraints?2. How many times of each type of player should the electronics manufacturer order if the availableis 140,000? What is the expected profit?END OF SECTION BExamination Paper of Supply Chain Management4IIBM Institute of Business ManagementSection C: Applied Theory (30 marks) This section  consists of Long Questions.  Answer all the questions.  Each question carries 15 marks.  Detailed information should form the part of your answer1. Consider two products with the same margin carried by a retail store. Any leftover units of oneproduct are worthless. Leftover units of the other product can be sold to outlet stores. Whichproduct should have a higher level of availability? Why?2. McMaster-Carr sells maintenance, repair, and operations equipment from five warehouses in theUnited States. W.W. Grainger sells products from more than 350 retail locations, supported byseveral warehouses. In both cases, customers place orders using the Web or on the phone. Discussthe pros and cons of the two strategies.END OF SECTION CExamination Paper of Supply Chain Management5IIBM Institute of Business ManagementIIBM Institute of Business ManagementExamination Paper MM.100Statistical Quality ControlSection A: Objective Type & Short Questions (30 Marks) This section consists of Multiple c  hoice & Short Note type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 4 marks each.Part One:Multiple choices:1. If in a hall there are 18 persons then how many handshakes are possible.a. 18*18b. 18*17/2c. 18*17d. None2. If the number of trials be „n‟ and the probability of occurrence be „p‟ then the standarddeviation with respect to np, is given by?a. (np)1/2b. (np(1-p))1/2c. (np)1/4d. (np(1-p))1/43. For a biased coin the probability of occurrence of head is 0.4 ,if the coin is tossed twice thenthe probability of occurrence of at least one head will be:a. 0.76b. 0.48c. 0.64d. 0.164. Factorial of 5 equals__________a. 60b. 120c. 24d. 55. Combinatory of (4,2) equals_______a. 12b. 8c. 6d. None6. “Economic Control of Quality of Manufactured Product‟, a book by Walter A Shewhart ina. 1931Examination Paper of Supply Chain Management6IIBM Institute of Business Managementb. 1941c. 1930d. 19567. Quality is judged by___________a. Retailerb. Governmentc. Customerd. Hole seller8. A run chart is a special chart of______a. Pie chartb. Line chartc. R chartd. C chart9. Universes may differ_____a. In averageb. In above averagec. At higher leveld. All of the above10. ASQC and ANSI began ina. 1956b. 1976c. 1978d. 1960Part Two:1. Differentiate between „defect‟ and „defective‟.2. Explain the need of „short method‟.3. What does „Tchebycheff‟s inequality theorem‟ say?4. Explain the usability of „stochastic limit‟.5. Write on „Cause and Effect‟ diagram.END OF SECTION ASection B: Caselets (40 marks) This section consists of Caselets.  Answer all the questions.  Each caselet carries 20 marks.  Detailed information should form the part of your answer Examination Paper of Supply Chain Management7IIBM Institute of Business ManagementCaselet 1ADAPTABILITY IN ACTION: A CASE OF RSLRajasthan Synthetics Ltd. (RSL) was established in the year 1994 at Bhilwara, Rajasthan tomanufacture synthetic yarn with a licensed capacity of 29,000 spindles. Manish Kumar, a HarvardBusiness School graduate, established RSL with 8% equity participation from Itochu CorporationJapan to manufacture synthetic yarn for shirting, a promising business at that time. The demise of theNTC textile mills was fresh in the minds of the promoters and therefore, state of the art technologyimported from U.K., Germany, Japan and France was used in the manufacturing facility. By the timethe company started manufacturing yarn the competition in shirting yarn had become fierce and thereturns had diminished. The company incurred losses in the first four years of its operations and themanagement was looking for opportunities to turn things around. The manufacturing plant startedfunctioning with an installed capacity of 26,000 spindles,

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