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Supply Chain Management
1. The globalization of drug supply and the advent of game-changing technologies are reshaping the pharmaceutical industry, for better and for worse. The pharmaceutical industry is one of the most essential, fast-paced and regulated industries that exists.
Therefore, the absence of an efficient and fit-for-purpose supply chain will have wide-reaching implications for profitability, drug quality, innovation and ultimately, health outcomes. Pharma has relied on outdated and overly-complex supply chain networks for too long. To support people to live healthier and longer lives around the world, a radical overhaul of the supply chain is needed to streamline processes, drive efficiency and uphold quality. With the help of an example of pharmaceutical company elaborate on how it manages its supply chain effectively with the help of Information Technology (IT)? (10 Marks)
2. Collaborative Planning, Forecasting and Replenishment (CPFR) is a concept that aims to enhance supply chain integration by supporting and assisting joint practices. CPFR seeks cooperative management of inventory through joint visibility and replenishment of products throughout the supply chain. Information shared between suppliers and retailers aids in planning and satisfying customer demands through a supportive system of shared information. This allows for continuous updating of inventory and upcoming requirements, making the end-to-end supply chain process more efficient. Efficiency is created through the decrease expenditures for merchandising, inventory, logistics, and transportation across all trading partners. With the help of an example discuss the phases in a CPFR implementation and its successful implementation. (10 Marks)
3. Having a current, flexible sourcing strategy can not only reduce costs and increase efficiency, but also serve as a competitive advantage to help organizations increase the top line. Supply chain costs, primarily procurement and transportation, can range from 50 to 70 percent of sales, depending on industry. So it is critical to spend considerable time on developing your organization's strategy. Periodically reviewing your sourcing strategy ensures you will achieve desired results and continue to align with business objectives. Successful sourcing requires a thorough understanding of a company's business strategy, the resources required to deliver that strategy, and the market forces and unique risks within the company associated with implementing specific approaches. A large e-retailing organization has appointed you as a consultant to help them design their distribution network for electronic appliances. Customers tend to place a single order for the products with different brands in the order.
a. Which network design is most suitable in this case. Justify your answer. (5 Marks)
b. What are the benefits and drawbacks of the network design you have selected? (5 Marks)
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info.answersheets@gmail.com
+91 95030-94040
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