Supply Management Examination Paper

THE UNIVERSITY OF HONG KONG M. SC. (ENG. ) EXAMINATIONS SUPPLY MANAGEMENT (1ELM6046) declination 20, 2011 630 p. m. 830 p. m. Answer THREE questions ONLY. Question superstar is Compulsory. Total Marks 100 exercising of Electronic Calculators Only approved calculators as announced by the Examinations Secretary posterior be utilize in this trial run. It is candidates obligation to ensure that their calculator operates satisfactorily, and candidates must spirit the name and type of the calculator used on the front page of the examination script. Question 1 (Compulsory) (40 marks) Lily Pun, supply bus for Kings Way College (KWC), issued an Invitation to Bid covering furnishing and inst solelyation metal lockers in the mens gym. tierce responsive romps were received from reputable suppliers, ranging from $82,000 to $95,000. in that location was no public bid opening. Lily was pertain that lock chamber Manufacturing Comp whatsoever, which had done nigh of the otherwise lock er jobs for KWC, failed to bid. Expecting that Lock would have been the small(a) bidder, Lily decided to find out what happened.Upon lecture to Locks sales manager, she learned that the bid pray had been assigned to a new employee who had mislaid it and missed the closing date. Since Lily felt that Lock would have provided the winning bidand certainly, any savings would help KWCs current stiff budget situationshe decided to have got all the bid prices unreasonable, cancel all bids, and re-bid the job. On the second round of bidding, a low bid of $77,000 was submitted by Lock. Lily was merry that she had do the right decision, and proceeded to make the accolade to Lock. (a)Did Lily do the right thing? Was it honest? Should she be commended for saving (10 marks) $5,000? (b) Would it have made any difference if the original bid opening had been public? (10 marks) (c) How business leader this regard to the original bidders? Give examples to provide your answer. (10 marks) (d ) dispute any similar cases happened that you know and parcel out your opinion. (10 marks) (1ELM6046 page 1 of 2) Question 2 Burt, Dobler and Starling (2004) in their book World signifier Supply Management suggested twelve principles leash to World Class Supply Management.In the intention of a professional buyer of an organization, give FIVE principles which you think are most important and (30 marks) suggest how you may suit them into practice. Explain why. Question 3 (a) contend sourcing, in-sourcing, outsourcing and strategic outsourcing. Give examples for each of them to support your answers. (15 marks) (b) What are the differences between local sourcing and globular sourcing? What are the issues and challenges associated with China sourcing? (15 marks) Question 4 When should supplier appraisal be requisite? Explain why.And, propose and elaborate a (30 marks) checklist for supplier visit. Question 5 It is a great deal said that supply flooring optimisation seems to be an effective strategy in sourcing. (10 marks) (a) Discuss the term supply base optimisation. (b) Analyse the advantages and disadvantages of an optimised supply base. How might a (10 marks) purchaser overcome the disadvantages? (c) comment on the criticality of having a littler supply base before committing to a (10 marks) supplier management and development program. bar of Paper (1ELM6046 page 2 of 2)