Colorado SCM310 2021 April Complete Course Latest

SCM310 Material and Inventory Management

Unit 1 Discussion

There has been a sea change regarding the challenges and therefore the required elements of a company's material control system. This has caused the firm to evolve from having a purchasing agent, typically reporting to the chief financial officer (CFO), to a more professional purchasing manager trained in high level negotiating skills, to a materials director, conversant in how all the elements of a supply chain fit together, to a global sourcing manager, and now a global supply chain director.

Has globalization been a factor in this evolution, or are other factors at play? Why or why not?

What added elements are now required of a material control system as a result?

What would be the impact on large retailers in a country if a dock strike occurred for inbound shipping containers; what could they do to mitigate this risk? How does this differ from the impact of a dock strike if globalization had not been so popular?

 

SCM310 Material and Inventory Management

Unit 2 Discussion

As a newly hired manager for a consumer products manufacturing company, your chief executive officer (CEO) has asked you to educate the senior staff on the pros and cons of establishing a demand-based ordering system, sometimes referred to as just in time, versus the more traditional forecast-based ordering system that the firm has used for years. Make sure you provide at least 2 pros and 2 cons for each of the 2 different systems.

 

SCM310 Material and Inventory Management

Unit 3 Discussion

The chief executive officer (CEO) of your firm is being asked to approve a major expenditure for a new warehouse. Before he approves it, you were asked to discuss with him an alternative he has heard of: public warehousing. Prepare a short discussion covering the following specific points:

What exactly is public warehousing?

What are the pros and cons of using it?

What is the range of services they typically offer?

If the objective is to avoid the cost of building and staffing a new warehouse for the firm, which of these services, or others as well, would you ask the public warehouse to perform for you? Why?

What is the downside of using public warehousing?

 

 

 

 

SCM310 Material and Inventory Management

Unit 4 Discussion

You will begin your Key Assignment for this course in the Phase 4 Individual Project. In Phase 4, you will complete Part 1 of the Key Assignment and submit it as a draft. In Phase 5, you will add to the assignment, make changes based on feedback from your instructor, and hand in as the final assignment.

For this Discussion Board, you will post an outline of the full Key Assignment to the Discussion Board for your main post. You will need to read both the Unit 4 and Unit 5 Individual Project assignments so that you can create your outline. The outline should combine the section headings and subheadings that are specified in Key Assignment Part 1 (Phase 4 IP) and Part 2 (Phase 5 IP). The purpose of submitting your outline is to share it with your classmates for feedback.

Remember to keep your assignment in outline form; it should not contain paragraphs. It should parallel the sections and subsections of the Phase 5 Key Assignment.

Each student should complete at least 1 quality response to a classmate during the Unit using the 3-stage approach to identify the following:

What was done well

Weaknesses

Areas for improvement

There is an expectation that grammar, spelling, punctuation, and format are correct and professional.

Primary Task Response: Your first task is to post your own Key Assignment Outline, with details to support the headings, to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft you will complete next Unit.

Respond to Another Student: Review at least 1 other student's Key Assignment Outline and provide meaningful feedback. Refrain from general feedback, such as simply stating "good job." Your feedback to other students is most helpful if you not only point out weak areas but also offer suggestions for improvement. The best feedback takes a 3-stage approach to identify what was done well, weaknesses, and areas for improvement.

 

SCM310 Material and Inventory Management

Unit 5 Discussion

Summative Discussion Board

Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write at least 3 paragraphs on the following:

What were the most compelling topics learned in this course?

How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?

What approaches could have yielded additional valuable information?

The main post should include at least 1 reference to research sources, and all sources should be cited using APA format.

 

SCM310 Material and Inventory Management

Unit 1 Project  

Write a paper of 600–800 words that discusses the following:

Identify at least 5 of the risks or challenges today of the global sourcing concept.

Discuss how a firm's global sourcing manager may address tow of these.

Given these challenges, what are at least 3 advantages of sourcing products or product components from global sources versus just a firm's own countries’ suppliers?

 

SCM310 Material and Inventory Management

Unit 2 Project  

Part 1: Use the provided MRP template to develop a 6-week manufacturing resource plan (MRP), given the following information:

Download the MRP Template

The finished product being produced requires 1 of component A, 2 of component B, and 0.5 of component C.

The production plan is to have in inventory, ready for sale, 100 units by the end of each of weeks 1–3 and 200 of the finished units by the end of weeks 4–6.

All the components A, B, and C must be available at the beginning of the planned production week.

Lead times from the vendors for A, B, and C are 1, 2, and 3 weeks respectively

Production takes 1 week.

(For example, you would want necessary quantities of A,B, and C in the factory on Monday morning so that the finished units would be available for sale at the end of that same week.)

Part 2: At the bottom of this template, describe the importance of accurate lead time and bill of material information to have an accurate MRP.

 

SCM310 Material and Inventory Management

Unit 3 Project  

One of the reasons you were recently hired as the manager of global supply chain was the continuing problems the firm faces with a number of its important suppliers of raw materials. Typical issues were late deliveries, wrong deliveries, and damaged or substandard goods, all leading to your firm’s production plans being severely hurt. This in turn hurt your firm’s customer service reputation. The chief executive officer (CEO) has heard about something called a supplier certification program and asked you to create a PowerPoint presentation to give to all of your suppliers.

The following are high-level points that should be addressed in the presentation:

Lean and Six Sigma systems, as you want to be assured that they are actively improving their own processes

Receiving inspection program at their plant

Supplier certificatory they do with their suppliers

Quality programs

Quality statistics they gather

Inspection procedures and frequencies

Capacity

Production scheduling

Calibration program

Your assignment should be a PowerPoint presentation of 15–20 slides, including 100–125 words of speaker notes. This should be a professional presentation, limited in verbiage and balanced in graphics.

 

SCM310 Material and Inventory Management

Unit 4 Project  

Key Assignment Draft

Part 1 of Key Assignment

Develop a Supply Chain Management Strategy Proposal, specifically dealing with the following scenario. The scenario centers around the choice of a location for a new distribution center for your firm's insulated cooler products. As you know, these are large and bulky and take up a lot of room in either a truck (from a warehouse to retail stores or in a warehouse itself). Your factory is in the Chicago area, and you do not want to move it, nor outsource the manufacturing. Your product is used year round in the southern states and southwest, and in the summer months on the east coast.

How would you determine the ideal warehouse location? What factors would go into your choice of locations? Describe at least 3 factors.

Describe the pros and cons of setting up your own trucking fleet to take product from your factory to the new warehouse vs. using common carriers.

Given the high dollar value of your inventory, how can you ensure accuracy of both purchased raw material inventory (in your factory) as well as of the finished product itself in your factory and at the new warehouse?

How will planning for equipment capacity needs been done if you use a forecast-based system versus a demand management (JIT) -based system?

Create a finished goods production plan MRP (and component B procurement plan) given the following:

Production cycle time = 1 month

Each finished good item requires 2 Part B’s; part B has a 1 month procurement lead time

Beginning finished product inventory is 1,000

Forecasted sales are as follows:

Month 1: 1,000

Month 2: 1,100

Month 3: 1,150

Month 4: 1,200

Month 5: 1,200

Month 6: 1,300

Safety Stock: On the first day of each month, you want to have that month's sales already in inventory

Capacity of the plant is 1,300 units

Download the blank MRP template to complete your MRP.

 

SCM310 Material and Inventory Management

Unit 5 Project  

Key Assignment

For your final submission of your Key Assignment, you will make changes to the draft submitted in Unit 4 based on your instructor's feedback. Then you will add Part 2 to the final key assignment.

Part 1 (1,250–1,500 words): Plus the MRP template

Make corrections to the Part 1 rough draft from Phase 4 based on the instructor's feedback. Highlight the sections in yellow where changes were made.

Part 2 (850–1,150 words)

What would be some key performance indicators that you as the supply chain manager should be measured against in your Part 1 strategic plan?

Keep in mind that you are a consumer products firm trying to improve customer service levels, reduce excess inventories, and so forth. Identify at least 5 of these indicators, showing the formula to calculate them and the source of the information. Describe why you picked these indicators.

For each one, if the indicator showed you being worse than your target, what areas of your SCM system would you look at for possible remedies?

Now assume the plant capacity is only 1,100 per month, but your forecast remains as above. Describe in words, not numbers, how this would change your production plan if your planned safety stock levels are still to be maintained.