Order Demand Management Overview Assignment 1. Why the sales and operations planning (S

Order Simplifying the Process Assignment 1. Why creating a value stream map (quantitative process map) and breaking operations down into smaller time elements is a powerful way to identify areas within the process where lead-time can be reduced to lower cost and improve quality. 2. Why identifying the system’s critical path and its time variation is necessary to effective lead-time reduction. 3. Why using the […]

Order Material Requirements Planning Assignment 1. Why understanding your organization’s MRPII and MPS systems will enable your Lean Six Sigma “belts” to identify improvement projects in receiving, production activity control, purchasing, and inventory investment are related to MRPII system areas. 2. Why understanding the comparative advantages and disadvantages between make-to-stock, assemble-to-order, and make-to-order systems will allow your improvement team to identify opportunities to both improve […]

Order Measuring Inventory Quantities Assignment 1. Why Lean Six Sigma black belts and green belts should calculate optimum inventory quantities to identify where Lean Six Sigma projects should be strategically deployed by the organization to reduce inventory investment and improve key supply chain metrics. 2. Why identification and elimination of excess and obsolete inventory investment by Lean Six Sigma “belts” is an important first step […]

Order Forecasting Accuracy Assignment 1. Why measurement system accuracy and precision are important parts of every Lean Six Sigma project. 2. Why the improvement team should have listed the critical questions that needed to be answered by the data collection and analysis effort prior to doing these tasks. 3. Why creating a quantified system map using Lean Six Sigma yield metrics allows the improvement team […]

Order Standard Data Worksheet Assignment 1. Why is supply chain management important in retailing? 2. What are the common elements between manufacturing and retail supply chains? What are the differences? 3. What are the differences between the concept of a supply chain and Logistics? 4. Explain the different retail supply chain elements. 5. How does the importance of the various retail supply chain elements vary […]

Discus Category Management and Merchandise Budgeting 1. What is category management and what are its benefits? 2. How are categories defined? What are the ground rules for defining a category? 3. What are the different category roles? 4. How are category strategies defined? 5. What is meant by category tactics? What are the available category tactics? 6. What are the enabling components of category management […]

Discus Assortment and Space Management 1. What is the importance of assortment? 2. How is category management related to assortment management? 3. What tools are used in assortment planning? 4. Explain the concept of product line, breadth, depth and model planning. 5. How are assortment and space planning integrated? 6. What is a planogram? 7. What are the processes in planogram management? How can IT […]

Order Retail Pricing Assignment 1. Why is retail pricing complex? 2. What kind of strategies do retailers take to maintain their price image? 3. What is the difference between tactical and strategic pricing? 4. What is the concept of price elasticity? 5. What is meant by retail pricing life cycle? 6. What are the objectives of retail promotion? What are promotion KPIs? 7. What are […]

Order Retail Product Lifecycle Management Assignment 1. What are the challenges of product development for a retailer? 2. What are the advantages and disadvantages of private labels? 3. What additional complexities private labels bring from supply chain perspective for a retailer? 4. What is the purpose of retail packaging? 5. What is meant by shelf ready packaging? What are the five functional requirements of SRP? […]