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Dpsm 031: Supply Chain Management Question Paper

Dpsm 031: Supply Chain Management

Course:Accounting,Finance And Investiments

Institution: Kenya Methodist University question papers

Exam Year:2012

KENYA METHODIST UNIVERSITY
END OF 3''RD ''TRIMESTER 2012 (EVENING) EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING, FINANCE & INVESTMENTS
UNIT CODE : DPSM 031
UNIT TITLE : SUPPLY CHAIN MANAGEMENT

TIME: 2 HOURS
Instructions: Answer Question ONE (Compulsory) and any other TWO Questions.
Question One
Briefly describe what is supply chain management.
(3 Marks)

Explain the components of supply chain management and show the contribution of each to realizing supply chain objectives.
(6 Marks)

Discuss benefits derived by an organization in adopting ICT with the supply chain.
(12 Marks)

Define:
(9 Marks)
Vendor
Supplier
Procurement
Question Two
Explain the benefits and shortcomings of holding inventory.
(10 Marks)

Explain the FOUR types of costs associated with inventory.
(10 Marks)
Question Three
Companies in supply chain must make decision individually and collectively on FIVE key areas also referred to as the performance drivers and in your answer draw attention to the different trade-offs that supply chain manager will have to make. (20 Marks)
Question Four
Supply chain has had a tremendous growth arising from the realization of upcoming enablers in this particular field. Support your answers by giving these fundamentals.
(10 Marks)

Despite the success in supply chain management, risks and uncertainties do occur. Briefly describe FIVE kinds of risks and their mitigation respectively.
(10 Marks)
Question Five
Each and every organization dealing with supply chain will undergo a number of buying situations in their day to day running of business. Briefly highlights these situations.
(8 Marks)

Define procurement
(2 Marks)

Whom need is realized in an organization the, there are a number of processes and documents involved. Briefly explain the process followed and documents involved.
(10 Marks)

Dpsm 031: Supply Chain Management Question Paper

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