DISCLAIMER
This document was prepared for SCH4801 module 2023 Assignment 2. It allows
students to understand the key concepts in relation to anchor topics of the module.
However, students are advised to supplement with other authentic sources such as
journals & articles.
NB: Students must paraphrase all presented definitions to avoid plagiarism. Also,
calculations must be done by the student in relation to the question(s) requirements.
Question 1: Correct answer: Option (C); is correct because the main aim of
responsive supply chain is to increase speed and minimise time in responding to
market volatility (Demand).
Question 2: Correct answer: Option (C), ABC analysis make use of through
investigation of key factors such as Price, Demand for different inventories among
others.
Question 3: Correct answer: Option (C), Goods with high quantity value and low rand
value.
Question 4: Correct answer: Option (A), Supply chain thinking is in essence a
management philosophy aimed at integrating a network of upstream linkages (supply
sources), internal linkages inside the organisation, and downstream linkages
(distribution and ultimate customers) in order to create customer value.
Question 5: Correct answer: Option (D), Multiple suppliers reduces the risk of stocking
out as well as increasing the variety and quality of products.
0717513144 2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.33. You're not tied to anything after your purchase.