Operations and supply chain strategies June 2024

Description

Operations and Supply Chain Strategies

June 2024 Examination

 

 

1. Mr. Bansal, previously employed at esteemed tuition centers, possessed extensive teaching experience. One day, he conceived the innovative idea of launching online classes, foreseeing the potential for a wider student base and increased geographical reach. Consequently, he left his job to establish his online education venture. Despite facing significant challenges during the initial phase, he eventually stabilized his business, reaching a break-even point. Analyzing the present state of online learning classes in terms of the industry life cycle, it showcases a maturing phase, marked by initial struggles followed by gradual stabilization and growth. (10 Marks)

Ans 1.

Introduction

In the dynamic realm of education, the inception of online learning has marked a revolutionary shift from traditional classroom settings to virtual platforms, offering accessibility and flexibility to learners worldwide. Mr. Bansal’s transition from a conventional tutor to the pioneer of an online education venture encapsulates the essence of innovation and adaptability in the face of evolving educational needs and technological advancements. His journey from grappling with initial challenges to achieving a sustainable business model mirrors the broader trajectory of the online learning industry. This transition is not just a personal success story but a reflection of the industry’s

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2. Mr Shankar started a new business of payment bank operating in India market. He is now thinking to expand this business in rural area as well as outside India. To increase profit, he is exploring international market. Due to different government rules and regulation, policies across different countries he would face difficulties. Examine and propose different level of strategic approaches for him to implement within the company, aiming to enhance overall business profitability. (10 Marks)

Ans 2.

Introduction

In the rapidly evolving financial landscape, payment banks have emerged as pivotal players, offering a wide array of banking services tailored to the needs of diverse customer segments. Mr. Shankar’s venture into this domain, particularly focusing on the untapped potential of rural markets and the allure of international expansion, underscores a strategic ambition to redefine accessibility and convenience in banking. However, venturing into rural areas within India and scaling operations internationally presents a complex maze of regulatory, operational, and market-related challenges. Different countries’ regulatory frameworks, coupled with the unique needs of rural consumers, necessitate a

 

3a. Pharmaceutical manufacturing firm has been operating in India for the past five years, with numerous stores both within and outside the city. The company is contemplating the establishment of its own manufacturing unit, a move supported by government incentives to encourage domestic production within the Indian market.

1. How can full set of logistical drivers be used to create overall competitive strategy? (5 Marks)

Ans 3a.

Introduction

In the competitive realm of pharmaceutical manufacturing, leveraging logistical drivers is pivotal for a firm aspiring to establish its own production unit, especially within the intricate Indian market. These drivers—transportation, inventory, facilities, information, sourcing, and pricing—serve as the backbone of a robust supply chain strategy, enabling the firm to optimize operations, reduce costs, and enhance customer satisfaction. By strategically aligning these drivers with its operational goals, the firm can forge a competitive strategy that not only meets the demands of

 

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1. Management is not sure for selection of the production process. Please suggest the most effective approach within the production process to enhance efficiency. (5 Marks)

Ans 3b.

Introduction

Choosing the right production process is a critical decision for a pharmaceutical manufacturing firm, especially at the juncture of establishing its own manufacturing unit. The selected approach must ensure not just compliance with stringent regulatory standards but also efficiency, scalability, and adaptability to market changes. The most effective production process balances cost, quality, and time to market, underpinning the firm’s operational efficiency and competitive edge. Identifying and implementing such a process is pivotal for the firm’s success in the dynamic