Logistics and Transport Unit Code: Unit Title: Reference: Assignments PD05 lnventory AO/QUA/0250 v Notes to Learners . Your initial submission must include ALL four assignments. lf one or more assignments are referred, you can re-submit these on an individual basis, but not in the first instance. . Each assignment should consist of between 2,500 and 3,000 words. You must clearly show the number of words used (excluding appendices, diagrams etc.). The questions are designed to test your understanding of the theories/principles involved and their application. The answer should be relevant and concise. Examples are always welcome and, if specifically asked for, they must be included. The marks will be based on your knowledge of fundamental elements, use of programme content, your conclusions/recommendations and presentation. Each assignment is marked out of 100, with a 50o/o pass mark. Full marking criteria can be found at Appendix A. . Assignments should be stapled in the top teft hand corner. . Each assignment should be submitted with a separate cover sheet found at Appendix B. . Style: You should use font 12 point Arial, 1 .5 spaced, standard margins. . Referencing: Your work must be referenced and there are a number of referencing systems but the Harvard system is recommended. Harvard: author and date appear in the text and in the references at the end of your work in alphabetical order of author’s surnames. Do not keep web references separate and do include the date accessed. Do not put references in footnotes. . Remember, you are aiming for accuracy and consistency. AO/QUtu0250 – V1.2 Assignment 1 – Stock Management Element: PD05-1 What is lnventory Management? PD05-3 Modern lnventory Systems For a supply chain or warehouse of your choice: ,Pe t/’l / ,, *a) Briefly describe the supply chain or warehouse and then carry out qlSlglg-!5 <{z< a{a analysis on the inventory holding and present the results. b) Analyse and discuss these results and explain the implications on your ilT,ia? inventory planning policy. c) Devise two more sophisticated and modern tools/techniques to manage the inventory and choose one of these for use in your warehouse, justifying the reasons for your choice. Assignme nt 2 – lnventory Principles Element: PD05-1 What is lnventory Management? PD05-2 Inventory Principles A new Director of Logistics has been appointed in your electronics consumer products company and you have been asked to write a briefing report about the inventory held within your supply chain. He has asked that the report meets the following requirements: t a) Discuss and define the types of inventory which are held at each level of the supply chain and give justifications for the necessity of holding the stock. b) Compare the costs of holding this stock with the risks of the supply chain breaking down and justify the inventory policy employed. c) Demonstrate how this inventory policy supports the overall company financial objectives and the performance measures that illustrate this. Zo o f F*.c AO/QUtu0250 – V1.2 Assignment 3 – Managing lnventory Systems Element: PDO4-2 – PD05-2 lnventory Principles PDOS-3 Modern lnventory SYstems You have recently been appointed supply chain Manager for a small, but rapidly growing specialist retail store. The organisation has previously relied on manual stock recording methods using stock cards. The directors have recently invested in e-tailing, initially using an e-auction outlet, but have now invested in a full retail website. This has resulted in a significant increase in sales volume and the directors now want to expand the product range extensively to boost the sales’ They have asked you to write a plan of how the inventory systems will be managed through this expansion programme. ln a report format: a) Describe the limitations of the current inventory control system and propose the changes you would recommend to modernise and upgrade it’ b) Critically compare methods that could be used to calculate the re-order point for product lines. Summarise your choice and how this would benefit the company. c) Discuss your plan explaining the risks to a successful implementation, and how these risks can be limited and controlled’ Assignment 4 – Strategic Systems Development Element: PD05-3 Modern lnventory Systems PDOS-4 Managing Through a Network A multinational consumer electronics company sells via wholesale worldwide and through a network of its own retail stores in the UK’ The company has set up a new retail division which allows customers to configure their own products from a menu of options and place orders online for delivery direct to the customer’ a) Evaluate the effectiveness of the current network business model prior to the addition of the new on-line retail division and explain your view of the impact on likelY inventory models’ b) Discuss the benefits and risks to the effectiveness of inventory systems of the new division including any impact on efficiency’ c) Compare and contrast alternative e-commerce inventory/distribution strategies the company may adopt which will reduce costs whilst maintaining the service levels in the existing business model’ AO/QUtu0250 – V1.2 Marking Griteria Appendix A Section Fundamental Elements Marks 1) Marks will be awarded for each Assignment as follows: . Up to 5 marks for a well-written introductory section, containing appropriate information about the task and what form the report will take . Up to 35 marks for: Addressing each of the tasks in the assignment Good application of each of the tools specifically outlined in the Assignment Coverage of the specific suggested subjects Good choice of examples. 40 Section Use of theories/principles/proqramme content 2) Up to 10 marks awarded for appropriate inclusion of content from the programme. Up to 15 marks will be awarded for demonstrating competence in the theories applied and for knowledge of principles. 25 Section Conclusions/recommendations 3) Up to 20 marks will be awarded for appropriate conclusions and recommendations, which demonstrate sound analysis of the subjects within the tasks. Up to 10 marks will also be awarded for use of additional background research; and learners should provide clear justification and explanation for the conclusions reached and the recommendations made. 30 Section Presentation 4) 5 marks awarded for criteria such as: . Appropriate use of tools, models and diagrams . Correctly presented report, in a correct format following logical structure, with appropriate use of paragraphs, headings and indexing . Good, clear and relevant annotations and explanations . Between 2,500 and 3,000 words in length, excluding appendices . Acknowledgement of all sources. 5 TOTAL: 100 AO/QUA/0250 – Vl 2 [“a *r; S r”* r’ ,. ,.i;,i,r.’. ‘ l*l “‘i ”r:i;i’rl

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Logistics and Transport Unit Code: Unit Title: Reference: Assignments PD05 lnventory AO/QUA/0250 v Notes to Learners . Your initial submission must include ALL four assignments. lf one or more assignments are referred, you can re-submit these on an individual basis, but not in the first instance. . Each assignment should consist of between 2,500 and 3,000 words. You must clearly show the number of words used (excluding appendices, diagrams etc.). The questions are designed to test your understanding of the theories/principles involved and their application. The answer should be relevant and concise. Examples are always welcome and, if specifically asked for, they must be included. The marks will be based on your knowledge of fundamental elements, use of programme content, your conclusions/recommendations and presentation. Each assignment is marked out of 100, with a 50o/o pass mark. Full marking criteria can be found at Appendix A. . Assignments should be stapled in the top teft hand corner. . Each assignment should be submitted with a separate cover sheet found at Appendix B. . Style: You should use font 12 point Arial, 1 .5 spaced, standard margins. . Referencing: Your work must be referenced and there are a number of referencing systems but the Harvard system is recommended. Harvard: author and date appear in the text and in the references at the end of your work in alphabetical order of author’s surnames. Do not keep web references separate and do include the date accessed. Do not put references in footnotes. . Remember, you are aiming for accuracy and consistency. AO/QUtu0250 – V1.2 Assignment 1 – Stock Management Element: PD05-1 What is lnventory Management? PD05-3 Modern lnventory Systems For a supply chain or warehouse of your choice: ,Pe t/’l / ,, *a) Briefly describe the supply chain or warehouse and then carry out qlSlglg-!5 <{z< a{a analysis on the inventory holding and present the results. b) Analyse and discuss these results and explain the implications on your ilT,ia? inventory planning policy. c) Devise two more sophisticated and modern tools/techniques to manage the inventory and choose one of these for use in your warehouse, justifying the reasons for your choice. Assignme nt 2 – lnventory Principles Element: PD05-1 What is lnventory Management? PD05-2 Inventory Principles A new Director of Logistics has been appointed in your electronics consumer products company and you have been asked to write a briefing report about the inventory held within your supply chain. He has asked that the report meets the following requirements: t a) Discuss and define the types of inventory which are held at each level of the supply chain and give justifications for the necessity of holding the stock. b) Compare the costs of holding this stock with the risks of the supply chain breaking down and justify the inventory policy employed. c) Demonstrate how this inventory policy supports the overall company financial objectives and the performance measures that illustrate this. Zo o f F*.c AO/QUtu0250 – V1.2 Assignment 3 – Managing lnventory Systems Element: PDO4-2 – PD05-2 lnventory Principles PDOS-3 Modern lnventory SYstems You have recently been appointed supply chain Manager for a small, but rapidly growing specialist retail store. The organisation has previously relied on manual stock recording methods using stock cards. The directors have recently invested in e-tailing, initially using an e-auction outlet, but have now invested in a full retail website. This has resulted in a significant increase in sales volume and the directors now want to expand the product range extensively to boost the sales’ They have asked you to write a plan of how the inventory systems will be managed through this expansion programme. ln a report format: a) Describe the limitations of the current inventory control system and propose the changes you would recommend to modernise and upgrade it’ b) Critically compare methods that could be used to calculate the re-order point for product lines. Summarise your choice and how this would benefit the company. c) Discuss your plan explaining the risks to a successful implementation, and how these risks can be limited and controlled’ Assignment 4 – Strategic Systems Development Element: PD05-3 Modern lnventory Systems PDOS-4 Managing Through a Network A multinational consumer electronics company sells via wholesale worldwide and through a network of its own retail stores in the UK’ The company has set up a new retail division which allows customers to configure their own products from a menu of options and place orders online for delivery direct to the customer’ a) Evaluate the effectiveness of the current network business model prior to the addition of the new on-line retail division and explain your view of the impact on likelY inventory models’ b) Discuss the benefits and risks to the effectiveness of inventory systems of the new division including any impact on efficiency’ c) Compare and contrast alternative e-commerce inventory/distribution strategies the company may adopt which will reduce costs whilst maintaining the service levels in the existing business model’ AO/QUtu0250 – V1.2 Marking Griteria Appendix A Section Fundamental Elements Marks 1) Marks will be awarded for each Assignment as follows: . Up to 5 marks for a well-written introductory section, containing appropriate information about the task and what form the report will take . Up to 35 marks for: Addressing each of the tasks in the assignment Good application of each of the tools specifically outlined in the Assignment Coverage of the specific suggested subjects Good choice of examples. 40 Section Use of theories/principles/proqramme content 2) Up to 10 marks awarded for appropriate inclusion of content from the programme. Up to 15 marks will be awarded for demonstrating competence in the theories applied and for knowledge of principles. 25 Section Conclusions/recommendations 3) Up to 20 marks will be awarded for appropriate conclusions and recommendations, which demonstrate sound analysis of the subjects within the tasks. Up to 10 marks will also be awarded for use of additional background research; and learners should provide clear justification and explanation for the conclusions reached and the recommendations made. 30 Section Presentation 4) 5 marks awarded for criteria such as: . Appropriate use of tools, models and diagrams . Correctly presented report, in a correct format following logical structure, with appropriate use of paragraphs, headings and indexing . Good, clear and relevant annotations and explanations . Between 2,500 and 3,000 words in length, excluding appendices . Acknowledgement of all sources. 5 TOTAL: 100 AO/QUA/0250 – Vl 2 [“a *r; S r”* r’ ,. ,.i;,i,r.’. ‘ l*l “‘i ”r:i;i’rl

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