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Pscm 330: Supply Chain Management Question Paper

Pscm 330: Supply Chain Management

Course:Accounting And Finance

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
UNIT CODE : PSCM 330
UNIT TITLE : SUPPLY CHAIN MANAGEMENT

TIME: 2 HOURS
Instructions: Answer Questions ONE and any TWO other Questions.
Question One
Define economic order quantity by citing two sets of costs that are associated with such technique.
(6 Marks)
Solve the problem below;
Where;
D = Annual Demand
Co = Cost of ordering per unit
Cs = Cost of storage per unit
P = Price of the commodity
Annual demand of a commodity is 12,000 units and the costs of storage per unit is 24%. The price of a commodity is shs. 5, where costs of ordering per unit is shs. 2. What is economic order quantity (EOQ) (10 Marks)

List the dimensions of product quality as stated by Gavin.
(4 Marks)
Involving the supplier at the outset of the product development cycle is referred to as early supplier involvement (ESI). Discuss.
(10 Marks)
Question Two
Distinguish between dependent and independent demand items outlining an inventory management system which would be suitable for each category. (20 Marks)
Question Three
’One problem with Just-In-Time approach (JIT) is that it only works well in certain types of organizations. Examine those elements that should be in place for (JIT) just in time to work to the best advantages.
(12 Marks)

What are the advantages and disadvantages of (JIT).
(8 Marks)
Question Four
Define the term reverse logistics and explain how it will add value to an organization.
(10 Marks)

As a purchasing manager, you have been advised to recommend centralization of purchasing function. What will you include in your report? Examine both the ’pros’ and ’cons’ before advising the management.

(10 Marks)

Pscm 330: Supply Chain Management Question Paper

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