QUESTIONS 1- Critically examine the above assertion ? 2- Do you think this is a possible solution for the post Covid 19 era? If Yes or No, give adequate reason with practical examples.
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- With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently. Where is the supply chain organization vulnerable to potential risk? Identify at least four risks. Why is the organization vulnerable? How will this risk affect the organization if it happens? How will this risk affect the organization’s customers and suppliers? What are the causes of the risk?Write short notes on “risk in international sourcing” using practical examples of industry or literature.How does this risk assessment compare to other potential suppliers (if there areothers)?
- Using the International Federation of Purchasing and Supply Management (IFPSM) code of conduct as the guiding lamp, critically examine a procurement case (past or present, foreign or national) of your choice. Be sure to provide at least the following: A brief presentation of the case you have chosen. How actors in the case adhered to and or flouted the provisions of the IFPSM code of conduct. In case there were breeches, what should have been done differently to ensure compliance to the provisions of the IFPSM code of conduct? A minimum of five (5) pagesProcurement - The problems areas for global supply do not apply to domestic supply. True FalseMatch the following common risks with the appropriate mitigation strategy:Country risks A. Detailed tracking, alternate suppliersRegulatory risk B. Careful selection and monitoring of suppliersLogistics failure C. Contingency planning, insuranceNatural disaster D. Good legal advice, complianceMajor quality failure E. Currency hedging, local sourcing
- Choose the supply chain of a Sri Lankan company of your choice and make observations and recommendations on the following. The company’s products/services and its supply chain. Benefits of managing the supply chain effectively for the company. Some of the supplier development practices followed by the company. Sustainable supply chain initiatives if any. Challenges in supply chain management at the time of economic crisis. You may use figures, charts etc. where necessary to further elaborate the content.There are currently many examples of global supply chain failures and materials shortages in the news. 1. Describe the causes of these problems and suggest tools from the textbook and how they can be applied to correct these problems in the future. 2. Should all supply chains be "risk-hedging" supply chains?As a supply chain consultant what advice would you offer to both Nokia and Ericsson in handling the Risk Management Process in avoiding the extreme impact that these two companies experienced in the advent of this accident; articulating clearly what can be done in managing different Risks in International / Global Supply Chains.
- Describe how you would assess choosing a supplier based in one country over a supplier based in another country? What, if anything, would be a "no-go" level of risk?Organisations today aim at expanding their supply base and including foreign suppliers primarily for getting a better value as compared to domestic suppliers - Explain with reasons. In the light of above statement explain the benefits of Global SourcingThe shutdowns and barriers to international shipping have stressed suppliers, supply lines, and procurement departments. Find at least 3 examples (citations required) of problems and how the companies involved approached it. Evaluate how, or if, future risk analyses should change or how, if, supply strategies should change in the examples you use