This assignment is designed to enable you analyse a business, reviewing the auspices of inventory, people and technology in relation to operations management and supply chain risk.
In Assignment 1 we looked at how to connect the 5 perspectives of Operations management to the supply chain to deliver cost and customer service benefits. Now, we need to understand how in doing so [leveraging off of the 5 perspectives of operations management] the supply chain needs to utilise inventory, people and technology to mitigate risk in terms of fraud and obsolescence.
Taking the organisations chosen, you are to review the supply chain identifying how inventory, people and technology are utilised in an operational context.
It will require you to conduct a review of the literature in the subject area of Operations and supply chain management. Specifically, how the purpose of operations management systems support the wider supply chain in mitigating risks associated to fraud and inventory.
Following the academic literature, you will be expected for your chosen organisation to identify an aspect of the supply chain that is at risk of fraud or obsolescence. Using the literature review and course core text design a solution to mitigate the identified risks using either/or combination of people, process or technology and you will need to underpin your solution design with a cost benefit analysis.
Within a report format answer the following questions:
1. Describe how your chose organisation utilises inventory, people and technology to operate effectively in the global marketplace.
(20% word count)
2. Prepare a review of the literature on operations management and supply chains use of inventory, people and technology to mitigate risk, focussing on the concepts, applications and strategies available that assist supply chains to mitigate against fraud and obsolescence. Critically discuss the authors, their views on the subject and their frameworks or strategies and describe the operational benefits would you expect to see from introducing the concepts into your chosen organisation.
Consider at least 8 journal articles no older than 5 years
(50% word count)
3. For the organization chosen, explain how you would leverage off of inventory, people or technology driven processes to underpin better supply chain risk mitigation strategies, with a particular focus on fraud and inventory management. (20% word count)
4.Write up a recommendations and conclusion section based on your findings from question 3 (strategies to mitigate risk), combing your literature review from question 2.
(10% word count)
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