Textiles and Apparel in Global
7,5 ECTS
Economy
Ladok code: 51GE10
The exam is given to:
Exchange TE and TM
Date of exam: 1 June 2018
Time: 14-17
Means of assistance: Simple Calculator allowed; Dictionary is allowed
Total amount of points on exam:
50 marks
Requirements for grading:
A=44, B=38, C=32, D=26, E=20
Additional information:
Next re-exam date:
To be decided
The marking period is, for the most part, 15 working days, plus up to 5 working days for administration:
Otherwise it´s the following date:
Important! Do not forget to write the Anonymity Code on each paper you hand in!
Good Luck!
Examiner:
Phone number:
1. In a supply chain context, explain the following expressions: (3X2 = 6) (Word limit - 100 words each)
a. Postponement
b. Vendor Management Inventory c. CSR
2a. True/False (2 marks):
i. For the same forecast error%, stockturn increases with increase in the number of seasons. - True
- False
ii. Higher OTB implies that more products are bought closer to or during the selling season meaning better forecast accuracy, but higher risk of not getting the goods at all.
-True -False
2b. Multiple choice questions (2 marks):
i. Which supply chain strategy is the best to execute when supply and demand characteristics are underpinned by short lead time and predictable demand, respectively?
- Leagile (between MTO and ATO) - Lean (Plan and execute)
- Lean (Continuous Replenishment) - Agile (MTO)
ii. GMROI of Company A (2000): 3.5, Company A (2013): 5.7 & Company B (2000): 2.9, Company B (2013): 7.5.
- Cash Flow of Companies A & B in 2013 are respectively less than they were in 2000 - Profitability of Company B is more than Company A in 2013
- Profitability of Company A was more than Company B in 2000
- Profitability of Companies A & B in 2013 are respectively more than they were in 2000
3. What is bullwhip effect in supply chain context? How does it pose a challenge to process integration? (2+3 marks = 5 marks) (Word limit - 200 words)
4. Define the concepts of leagility and decoupling point in supply chains. Discuss the sequential positioning of decoupling points in supply chains in terms of P-time and D-time ratios. How can resequencing make the supply chain more demand-driven? (2+2+2+2 = 8 marks) (Word limit - 300 words)
5. Very briefly discuss CMT, Full-Package, and Own label sourcing concepts. (2x3 = 6 marks) (Word limit - 300 words)
6. According to Perry and Towers (2013), 3 ways to develop responsible buying practices are: (i) establish long-term, stable relationships with suppliers, (ii) sustainable pricing and timely payment, and (iii) realistic delivery schedules. Briefly discuss how these solutions lead to the development of responsibility in supply chains? (2x3 = 6 marks) (Word limit - 300 words)
7. State 2 pros and cons each of standardization and adaptation in terms of business strategies (0.5x8 = 4 marks) (Word limit - 200 words)
8. Briefly discuss how can process flow be improved in apparel manufacturing systems? (3 marks) (Word limit - 200 words)
9. Calculate the gross margin (%) if mark-up factor is 3, average markdown is 50% and forecasting error is 20%. What will be the improved gross margin (%) if you now purchase 20% OTB (instead of 100% upfront) with the forecasting error of 5% for OTB and still 20% forecasting error for upfront? (2+3 = 5 marks)
10. State 2 major ways to reduce work in progress inventory in apparel production systems (2x1.5 = 3 marks) (Word limit - 150 words)
