Embry LGMT682 Module 8.3 Questions for Discussion and Review Assignment latest 2016 july

Submit your responses to the questions below (taken from the textbook's questions for discussion and review).

Chapter 3:

1. Using the Strategic Profit Model construct a model (Hint: a good application for Excel).

a. Calculate the Net Profit Margin, Asset Turnover and Return on Assets using:

	$ thousands
Sales	1,000
Cost of Goods Sold	700
Variable Expenses	60
Fixed Expenses	120
Inventory	50
Accounts Receivable	100
Other Current Assets	150
Fixed Assets	1,500

b. What is the maximum allowable Inventory level before Return of Asset equals 0.05?

2. Traditionally, a balanced scorecard (BSC) is used to evaluate a typical business from four distinct perspectives: customers, internal business processes, learning and growth, and financial results. However, the BSC model can be adapted and applied to other domains such as logistics. Select a global courier delivery services company (such as FedEx or DHL), research and describe their BSC in the context of logistics (or propose a BSC in the event you are unable to find any useful information).

Chapter 4:

1. Overarching managerial issues in logistics are comprised of several “ilities” such as productivity, quality, sustainability, complexity and possibility (risk). In many instances, these aspects are interrelated and correlate with one another. For example, although implementing a new reverse logistic process (sustainability) may positively influence brand recognition (quality), it may also cause interruptions to the company’s supply chain (productivity). Discuss how the five “ilities” are interrelated and correlate with one another (negatively, positively or neutrally). Use examples to help illustrate your case. Can you think of additional “ilities” not mentioned here?
2. Quality is associated with various organizational standards institutes such as ISO 9000, Six Sigma, and Malcolm Baldridge. Annually, these institutes recognize top quality companies and organizations for quality achievement. Using the internet or any resource, identify a recent quality award winner in logistics and supply chain management and write a brief summary (1/2 page) answering who, what (describe the award), how (what they did to win the award) and why this particular organization received the quality award.