MGF5961 2021 S1 Take-home Test
This is the answer sheet template for MGF5961 2021 S1 Take-home Test
1. Please complete this test using the answer template which can be downloaded from MGF5961 Moodle site.
2. All answers MUST be submitted via Moodle. The due date is 11 am, 07 June 2021 (AEST)
3. This final test comprises five compulsory questions with total points of 45. Marks have been allocated for each question. You have to answer ALL questions.
4. For the calculation question 4, please show all calculation steps clearly, and use two decimals in the final answer.
5. For the calculation question 5, please show the material requirements plans clearly, and use integer in the final answer.
6. Any student found to be cheating will be reported to the Faculty and dealt with through the University’s Policy on academic integrity (cheating and collusion).
Cheating: means to seek to obtain an unfair advantage in an examination or written, oral or practical work, required to be submitted or completed for assessment in a course or unit of study and includes the resubmission of work that has already been assessed in another unit.
Collusion: means unauthorised collaboration on assessable written, oral or practical work with another person or persons.
1. Supplier relationship management is one of the supply chain macro processes in a firm. As an operations manager, how can supplier relationship management help in avoiding operations risks, such as disruptions and fraud, which are damaging to a firm’s reputation and profitability? Provide two real-world examples to support your answer. (9 marks)
2. Supply chain processes involve a constant flow of information across multiple supply chain stages. For a stage/firm in a supply chain, why does visualizing information play a significant role when an operations manager conducts the integrated operation processes in its business? Provide two real-world examples to support your answer. (9 marks)
3. The objective of supply chain management is to coordinate activities within the supply chain to maximize its competitive advantage and benefits to the ultimate consumer. Please suggest two operational performance evaluation metrics by considering other stages in a supply chain. Provide two real-world examples to support your answer. (9 marks)
4. XYZ Limited is a manufacturer of chocolate in Europe. The company aims to provide high-quality product and unique experience for consumers. Specifically, the company processes raw materials, i.e., coco beans, with special refining and fermenting procedures. The company sells the chocolate to both local and global markets each year. The operations system has recorded the past ten years’ sales history. Refer to Table 1 below.
Table 1. The collected sales history data
(a) Please assist the operations manager to generate forecasts for the next two years (i.e., year 11 and year 12) using the linear regression method. (6 marks)
(b) How can the operations manager use forecasting results to convince the chief operating officer to adjust their product strategy? (3 marks)
5. A group of consumers placed two orders at Snowboard Manufacturers in Victoria. To meet the consumers’ demand, the first 70 units of snowboard should be delivered to consumers at the beginning of week 5; another 50 units should be ready to shipment at the beginning of week 7. The product information is summarized in Table 2 below. The holding cost of each item is AU$2/week, and the setup cost is AU$50.
Table 2. The product (snowboard) information
(a) Develop and draw the product structure for the end product, i.e., snowboard. (2 marks)
(b) Develop the master production schedule for the item L. (1 mark)
(c) Develop a material requirements plan for the item K using the lot-for-lot technique. (2 marks)
(d) Develop a material requirements plan for the item K using the EOQ technique. (2 marks)
(e) Please assist the operations manager to identify a reasonable lot sizing technique based on your calculation results and explain your reasons. (2 marks)