EECT046 Assignment Answer Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. Supply chain management (SCM) represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. Supply chains cover everything from production to product development to the information systems needed to direct these undertakings. Typically, SCM attempts to centrally control or link the production, shipment, and distribution of a product. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster. This is done by keeping tighter control of internal inventories, internal production, distribution, sales, and the inventories of company vendors. There are 5 parts of Supply chain management which includes –
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Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. Logistics management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility. Logistics managers are referred to as logisticians. "Logistics" was initially a military-based term used in reference to how military personnel obtained, stored, and moved equipment and supplies. The term is now used widely in the business sector, particularly by companies in the manufacturing sectors, to refer to how resources are handled and moved along the supply chain. In simple terms, the goal of logistics management is to have the right amount of a resource or input at the right time, getting it to the appropriate location in proper condition, and delivering it to the correct internal or external customer. Supply chain logistics coordinate the storage and shipping of goods and services across the supply chain.
The practice begins with raw materials, continues on to manufacturing and/or distribution and ends when a business delivers finished goods to the customer or when products are returned to their final destination. Both supply chain management and logistics focus on the flow of goods from the point of origin to the endpoint. Both disciplines require careful coordination of supplies, labour and facilities to make sure items can move through the supply chain as required. Logistics is a key component of supply chain management, but just one piece of the equation. Supply chain management and logistics both work to move, store and deliver goods as efficiently as possible. Supply chain management provides the strategic direction that guides inbound and outbound logistics. The similarities between supply chain and logistics are as follows –
The EECT046 Assessment answer is based on the Logistics and supply chain management and this course is offered by Michigan State University in United States. Michigan state university is one of the top Universities in the US and has been advancing the common good with uncommon will for more than 165 years. The university pushes the boundaries of discovery to make a better world providing stents with life-changing opportunities.
Location: United States
Study level : Postgraduate
Unit code: EECT046
On successful completion of the assessment, the students will be able to –
The EECT046 assignment solution comprises the writing of a critical review of journal articles in either area of logistics, supply chain management, project management, transport management, value chain, purchasing and procurement systems, supplier relationship management, and customer relationship management, project management and so on.
If an extension is required by any student, a special consideration application must be submitted directly to the administration officer, in Melbourne and the application needs to be submitted before three working days of the due date of the assessment.
The EECT046 Assessment solution is based on supply chain management and logistics and students are required write a report based on the lectures that they have gathered during the course modules. It is an individual assessment where students need to write a report based on the provided case study related to the topic. The weightage of the course is 50 % and carries 100 marks in total. The assessment is an individual based assessment and thus original work of the student is required. The students might discuss among themselves regarding the assessment for guidance but each paper needs to be unique and original. There is no room for plagiarism and student need to follow all the university guidelines. Proper referencing needs to be done throughout the assessment paper and the referencing needs to be done in APA style with in-text citations as instructed by the university. Moreover, students may take help from the university library from books and papers to make the assessment more authentic and better and take assignment help
Being a subject of the postgraduate degree, students are expected to engage with high-quality academic journal articles, using the textbooks, newspapers, journals and anything that can be obtained through authentic and official websites present on the internet will be considered as an authentic source of the secondary research for completing this assessment. The authenticity of the report will be decided based on the research effort and skills presented by the student in the paper and grades will be provided based on the quality and authenticity of the paper.
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