Assignment Task
Background
In this coursework, you should expand on the idea that you have proposed in coursework 1 in terms of improving a supply chain. You have to follow a set process (described below), so make sure that you address all aspects of the brief to earn a maximum amount of marks. Do not skip a requirement altogether!
Brief
Your task is to show on a poster a detailed business case for your proposed improvement, which should include the economic feasibility of that improvement. All concepts covered in the lectures and tutorials in the first 7 weeks of the module should be applied. The structure of your poster is free but it is recommended that you make sure that you cover the following points:
Provide a general introduction to your supply chain and the industry that it operates. This should include an original supply chain map. The supply chain map should clearly show the end user and all the supply nodes, stock points, and transportation modes.
Scoping of your poster. Improving a supply chain can be a broad task, so you need to scope down your poster to focus on a specific improvement initiative that can be researched and assessed for this coursework. If your scope is too wide, your poster’s content could be too generic, and the analysis too complex, which could lead to a fail Make sure your scope is explicit in your poster and in your Excel file.
Develop a cost framework. For your proposed improvement, devise a cost framework to be used to assess economic feasibility. This will be typically be a cost benefit analysis, but you will first have to define variables such a capacity, utilisation, and demand. If your proposed improvement is not about cost, propose an alternative framework (e.g. environmental impact reduction). If you use an alternative framework, use that framework for this and the following questions.
Populate your cost framework in Excel by using available data from sources that you will have to Make assumptions when needed. Show detailed computations in Excel. Show the results in the poster and draw a conclusion about the viability of your initiative.
Perform a risk analysis for your proposed improvement. This can be done by showing a risk register/log/assessment on the Comment on the impact of this step, qualitatively speaking, on your conclusion of part 4.
Select at least one risk factor or an assumption that you think is critical. Select several if For these selected variables, using Excel, perform a sensitivity analysis of the cost of your supply chain(s). Show the results on the poster and comment on the impact of this step, quantitatively speaking, on your conclusion of part 4.
