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Pscm 330: Supply Chain Management Question Paper

Pscm 330: Supply Chain Management

Course:Accounting,Finance And Investiments

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY
END OF 1''ST ''TRIMESTER 2013 (DAY) EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING FINANCE AND INVESTIMENTS
UNIT CODE : PSCM 330
UNIT TITLE : SUPPLY CHAIN MANAGEMENT

TIME: 2 HOURS
Instructions:
Answer question ONE and any other TWO
Question One
Discuss how the role of the procurement has changed with the concept of supply chain management.
(8mks)
What is supply chain?
(4mks)
What is procurement?
(4mks)
Briefly discuss the elements of supply chain.
(4mks)
Explain the benefits and shortcomings of holding inventory.
(10mks)
Question Two
Discuss the five categories of supply chain risks.
(10mks)
Discuss the mitigation factors of supply chain risks.
(10mks)
Question Three
Discuss the aims and objectives of inventory control. (20mks)
Question Four
Companies in supply chain must make decision individually and collectively on five key areas also referred to as the performance drivers. Discuss them and in your answer draw attention to the different tradeoffs that supply chain mangers will have to take. (20mks)
Question Five
Discuss the advantages and the disadvantages of both local and global sourcing in supply chain. (20mks)

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