Demystifying Logistics and Supply Chain Management
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Instructions:
Demystifying Logistics and Supply Chain Management
Assignment 04 Measures BETA
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Assignment 04 is 8 percent of the course grade
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Individual work.
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How submitted:
*** post your file (or files) with your answers to the assignment in Canvas.
MS Word for longer narrative/memo.
If you use software (such as Excel), then also load that file.
If you use graphs or the like you do not need to spend hours making it super-pretty. On the other hand, it should be legible, pretty-much-to-scale, labelled, and accurate.
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The general scenario is that you are working for the company (Light-Up-My-Light, Inc). And need to do certain analytic or managerial work. Obviously (?), the major topics addressed will be the course topics; and more specifically usually the material from the current chapters!
Please remember to:
.a. put your last name in the file name;
Example for student named Jones: 5061-FA22-A04-Jones
.b. include your last name in the running head; and
.c. number the pages
I usually print out your answers and these items help me to identify whose work I am looking at, grading, etc.
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Basic Copyright 2022 Dr. Paul Battaglia and Florida Institute of Technology. For use ONLY by students enrolled in MGT5061 for the FA22 term. Any other use requires explicit written permission.
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Light Up My Light, Inc.
The CEO (Mrs. Elise Ennis) holds weekly reviews which cover the key aspects of the firm’s operations. As expected, during the last review various information was presented including information on the status of logistics. Several metrics for logistics functions were presented and discussed. During the discussion one of the chief engineers commented along the lines that “this logistics stuff is all a bunch of mumbo-jumbo”. And although the engineer agreed that it was necessary to have the needed parts to make the fixtures; to ship the products; etc., — he thought that logistics was probably “overrated”.
Of course, some other parties in the meeting took a different tack on the answer to the question on the role & importance of logistics.
The CEO found this to be an interesting discussion. But in the interest of time she halted the discussion.
The CEO asked if it would be possible to do a quick analysis on the role of logistics. That was really a rhetorical question. As you might expect, the answer from Tom Perkins, a VP and the head of the logistics department, was “sure we can do an analysis for you”. The CEO said that she would send over some more specific questions after the meeting.
After the meeting, Tom approached you and says that as the senior logistician for the company you are to play a key role in writing the reply to the CEO of the results.
The next day when you get in to work, you find a note on your desk with the questions that the CEO had promised to send over. In turn Tom Perkins (the head of logistics & your boss) had scribbled a note to you — essentially to please handle ASAP.
{your name}
This is the promised follow-up from the last staff meeting.. Please handle ASAP. Tom |
(date)
TO: Tom Perkins Ref the weekly briefing and the discussion on logistics. Very interesting. Not too often that we go off on an academic-type discussion. Here are the things that jumped into my mind as the topic was being discussed, and when I got back to my office. Thank you. Elise #1. (100 pts) What factors are important to the successful accomplishment of the various logistics objectives? Include a brief explanation of each factor; and why it is important. #2. (100 pts) We often develop new or modified fixtures based on customer needs. And we periodically drop products from our catalog. Something called a product life-cycle? How does logistics fit into such a life-cycle? [Note: feel free to use Blanchard’s approach to a life-cycle. He uses a pretty general approach that should not prove too difficult to fit into a scenario of new and/or changed products. Products being added; products being supported; and products being dropped (retired). If you use ANOTHER lifecycle, then be consistent. Use that different lifecycle for the rest of your answers. Be sure that any other lifecycle that you might chose to use fits into the LUML structure.] #3. (100 pts) What are a supply chain; supply chain management; logistics; and logistics management? Ho do those fit into our work? #4. (225 pts) I believe that we recently did a review of cost and some options on our operations. I recall that was on the effectiveness of our operations. #4a. (50 pts) What are measures of effectiveness? #4b. (50 pts) If you can get that analysis, then can you make a diagram of the basic analytic results? [Aside: Obviously the CEO is looking for more than a yes or no answer, yes?] #4c. (25 pts) Given the options, which option do you recommend that we target for? #4d. (100 pts) Why did you chose this recommendation? #5. (50 pts — unless your answer is “none” and then 0 pts). Any other thoughts on this subject that you think I should be aware of. |
You check around and find the following information on the work mentioned by the CEO. Seven options had been analyzed.
Option | Projected Cost | Projected Effectiveness
(0 to 5. 5 is highest) |
A | $250,000 | 2.5 |
B | $395,000 | 2.7 |
C | $490,000 | 2.5 |
D | $395,000 | 4.0 |
E | $110,000 | 4.1 |
F | $100,000 | 2.9 |
G | $200,000 | 4.9 |
** For our current analytical purposes, we can use this one simplified “overall MOE”. We need not be more specific although in the real world the MOE might be — say – light intensity, or speed or load carrying capacity.
** Depending upon your work experience, the projected costs might seem low for an ongoing manufacturing operation. Then again if you worked for a small organization the $100,000 might be seen as “super big bucks”. In any case. the thought process is essentially the same regardless of the figures. So, we are (usually?) happy to use smaller, more manageable numbers. |
Senior management stated that the minimal acceptable effectiveness is 3.4. And the maximum acceptable cost is $455,000.
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Your mission as the senior logistician? Prepare the answers to the CEO’s questions. One key reason that we study subjects such as logistics is to help manage better, solve problems, and the like.
Of course, we can also do the stuff in this class for other reasons — such as a lot of it is just plain interesting, and/or it can even be fun. |
Interpreting the information in relation to the business situation and context is important. And it also aligns with the MS degree program objectives!
REMINDER:
There are also other standard graded elements that might not be explicitly stated in each assignment.
#1 For example, this is also an academic work so please include references. Recall that APA standard convention is (a) an in-text citation; and (b) also a reference list of the works used at the end.
For in-text citations, if you are citing a large document then including the page number is useful. (If the reader cannot readily find the information then not much credit?)
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*** For other works then a more complete cite is preferable. Again, do not spend hours working on exact APA. But I do expect to be able to find the reference if I go looking for the document.
#2 The CEO is probably a busy person & probably cannot recall why she is getting any specific paper/analysis. Including a “purpose” with some “background” detail helps the reader in the business context.
#3 Each answer needs to have the answer plus supporting rationale. Recall that Mrs. Ennis is a numbers freak. That does not mean that each answer needs to be pages long! The answer itself and the rationale can easily be only be a couple of sentences. Any back-up math might be able to fit neatly in the memo. For other you can cite an attachment — but you need to be specific as to where the answer is found. “See attachment A” is not very specific. “See attachment A, cell B18” points the reader to the specific location.
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Demystifying Logistics and Supply Chain Management
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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