Supply Management Examination Paper

THE UNIVERSITY OF HONG KONG M. SC. (ENG. ) EXAMINATIONS SUPPLY MANAGEMENT (1ELM6046) December 20, 2011 630 p. m. 830 p. m. Answer THREE questions ONLY. interrogative atomic number 53 is Compulsory. Total Marks 100 Use of Electronic Calculators Only sanctioned calculators as announced by the Examinations Secretary can be apply in this question. It is candidates responsibility to ensure that their calculator operates satisfactorily, and candidates must record the call forth and type of the calculator used on the front page of the examination script. Question 1 (Compulsory) (40 marks) Lily Pun, make out manager for Kings Way College (KWC), issued an Invitation to Bid finishing furnishing and installing metal lockers in the mens gym. Three responsive volunteers were accredited from reputable suppliers, ranging from $82,000 to $95,000. There was no public ask for opening. Lily was concerned that twine Manufacturing Company, which had done most of the other locker jobs for KWC, failed to bid. Expecting that Lock would have been the low-toned bidder, Lily decided to find out what happened.Upon talking to Locks sales manager, she learned that the bid request had been assigned to a new employee who had misplaced it and missed the block date. Since Lily felt that Lock would have provided the winning bidand certainly, any nest egg would help KWCs current tight budget situationshe decided to hold all the bid prices unreasonable, cancel all bids, and re-bid the job. On the second corpulent of bidding, a low bid of $77,000 was submitted by Lock. Lily was delighted that she had made the refine decision, and proceeded to make the award to Lock. (a)Did Lily do the right thing? Was it ethical? 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 baron this look to the original bidders? Give examples to can your answer. (10 marks) (d) deal any similar cases happened that you know and sh are your opinion. (10 marks) (1ELM6046 page 1 of 2) Question 2 Burt, Dobler and Starling (2004) in their book World Class fork up Management suggested twelve principles leading to World Class Supply Management.In the procedure of a professional buyer of an organization, select FIVE principles which you think are most important and (30 marks) suggest how you may turn them into practice. Explain why. Question 3 (a) Discuss 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 global sourcing? What are the issues and challenges associated with China sourcing? (15 marks) Question 4 When should supplier appraisal be necessary? Explain why.And, propose and clear up a (30 marks) checklist for supplier visit. Question 5 It is frequently said that supply base 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 smaller supply base before committing to a (10 marks) supplier focussing and development program. End of Paper (1ELM6046 page 2 of 2)