Supply Chain Management: Assignment
Added on 2020-04-01
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Running head: SUPPLY CHAIN MANAGEMENTSupply Chain ManagementName of the StudentName of the UniversityAuthor note
1SUPPLY CHAIN MANAGEMENTQuestion 1EThere are different performance measures that can be applied by the companies inorder to maintain proper protection of the policies and procedures in the industry. Theperformance measures need to indicate the damages along with the reliability of the deliveryas this will help them in maintaining and following the policies and procedures (Govindan,Soleimani & Kannan, 2015). There are different performance measures that are followed by the respectivecompany and this can help them in maintaining proper functioning of the organizations.Furthermore, the company needs to analyze the reliability in the delivery procedure, as thiswill help in understanding the issues in the reliability of the stock that needs to be handledproperly. Furthermore, the three key supplier performance measures are as follows:Delivery reliability is the ratio that is generally used in order to evaluate the reliabilityof the delivery for a particular supplier (Ahi & Searcy, 2013). This ratio is calculated by therespective organization named NTUC Fairprice Co-operative Ltd. by dividing the number ofdeliverables that are received on a particular date and the number of errors has to be dividedby them in order to get the error free results (Heizer, 2016). The supermarket needs toanalyze the delivery dates that has been missed by them as well as the calculation of themistakes that has been committed by them while calculating the quantities and the number ofdeliverables as well (Brandenburg et al., 2014).For instanceSuppose NTUC Fairprice Co-operative Ltd. has total 200000 number of grocery itemswherein 3000 stocks were not calculated and around 2500 stocks were wrongly written and
2SUPPLY CHAIN MANAGEMENTthere error in the calculation as well. There were different errors that have been made by thesupermarket that has to be reduced by them in order to show reliability in delivery.The calculation is shown as follows:200000- 3000- 2500= 194500 units of stockThere has been a unreconciled of 5500 units of stock that can have huge impact on thesupermarket and this will be a huge loss to the company as well. From this example, it can be analyzed that proper and accurate information has to begenerated by the officials of the company, as this will help in calculating proper units of stockthat will be considered reliable in nature. This will help in enhancing the reliability andaccuracy in the deliverable of the supermarket as well. Damage in transit is the insurance that can be claimed by the respective supermarket for thedamages that has happened to the goods in transit (Waller & Fawcett, 2013). Therespective supermarket has to keep proper details of the goods and the services thatwill be coming in transit in order to understand the issues wherein they can claim theinsurance (Stadtler, 2015). It can happen that the goods that has been ordered from theoutlet by the supermarket has been lost or gone missing as well. Furthermore, thesupermarket can claim the insurance for the goods that has been lost while in transit(Axsäter, 2015). For instanceThe supermarket can claim for the damages that have been incurred by them and thisis applicable for all the markets. If a product that have been ordered online and it is damagedin, nature, then depending upon the nature of damage whether minor or major damages, therespective supermarket can claim the damages incurred by them. Suppose when the
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