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Logistics Questions & Answers

This week’s questions are:

1. How does lowest TCO differ from lowest purchase price? Can you think of an example where a manager may choose to buy based on lowest purchase price instead of lowest TCO? Explain.

2. Explain how logistics performance is crucial to JIT. What supply chain and logistics factors would you consider before deciding whether to implement JIT?

3. Why would a company’s cost of manufacturing and procurement tend to increase as the firm changes from an MTP to an MTO strategy? Why would inventory costs tend to decrease?

4. Many people think of lean systems as being incompatible with mass customization and flexible manufacturing. Why does the textbook say this is incorrect? Do you agree or disagree? Explain.

5. You read in Chapter 5 about the Levi Strauss decision to drop its program for mass customization. You also read about mass customization strategies at M&M, BMW, and Reebok. Why do you think Levi Strauss eventually dropped their program? What are the key success factors for the firms that are still pursuing mass customization?

6.Describe the S&OP process. What are the major trade-offs that must be considered?

7. Describe the major components of an advanced planning and scheduling system. What are the major challenges in implementing such a system?

8. Read the attached (see above) brief article, “The Achilles’ Heel of Supply Chain Management”. Does the textbook address this issue when describing integrated operations planning (IOP)? Does the article cause you to think differently about IOP? Explain.

APN Professional Development Plan

The APN Professional Development Plan paper is worth 200 points and will be graded on the quality of the content, use of citations, use of
Standard English grammar, sentence structure, and overall organization based on the required components as summarized in the directions and grading criteria/rubric.
Submit the paper as a Microsoft Word Document, which is the required format at Chamberlain University. You are encouraged to use the APA Academic Writer and Grammarly tools when creating your assignment.
Follow the directions below and the grading criteria located in the rubric closely. Any questions about this paper may be posted under the Q & A Forum or emailed to your faculty.
The length of the paper should be 5-8 pages, excluding title page and reference page(s).
Support ideas with a minimum of 3 scholarly resources. Scholarly resources do not include your textbook. You may need to use more than 3 scholarly resources to fully support your ideas.
You may use first person voice when discussing information specific to your personal practice or skills.
APA (2010) format is required with both a title page and reference page(s). Use the following as Level 1 headings to denote the sections of your paper (Level 1 headings use upper- and lower-case letters and are bold and centered):
APN Professional Development Plan (This is the paper introduction. In APA format, a restatement of the paper title, centered and not bold serves as the heading of the introduction section)
APN Scope of Practice
Nurse Practitioner (NONPF) Core Competencies
Leadership Skills
Conclusion
Directions:
Introduction: Provide an overview of what will be covered in the paper. Introduction should include general statements on scope of practice, competencies, and leadership, and identification of the purpose of the paper.
APN Scope of Practice: Research the Nurse Practice Act and APN scope of practice guidelines for the state in which you intend to practice after graduation. Describe the educational, licensure, and regulatory requirements for that state in your own words. Identify whether your state allows full, limited, or restricted NP practice. Discuss NP prescriptive authority in your state. Provide support from at least one scholarly source. Source may be the regulatory body that governs nursing practice in your state.
Nurse Practitioner (NONPF) Core Competencies: Review the NONPF Core Competencies. Describe two competency areas you believe to be personal strengths and two competency areas in which you have opportunities for growth. Discuss two scholarly activities you could do during

Legislation and Regulation, and Regulatory Compliance

1. Describe one or more situations that you have encountered thus far in your career in which deeper understanding of lawmaking by
legislatures, agencies, or courts would have made you more effective. Be as specific as possible. HOWEVER, DO NOT REVEAL ANY
CONFIDENTIAL ORSENSITIVE INFORMATION THAT YOUR CURRENT OR PAST EMPLOYERS OR COLLEAGUES WOULD NOT WISH TO BE DISCLOSED. THIS PROHIBITION APPLIES TO THIS ASSIGNMENT AND TO ALL OTHER WORK IN THIS COURSE.
2. Assume that your company has a problem, call it Problem X. Problem X has been a burr under your company’s saddle for many years. It is not a “life or death” matter, but over time it has involved substantial (and, in your estimation, unwarranted) costs for the company. Such costs will continue year after year unless you prevail upon Congress to amend an existing statute. You are planning the campaign to secure enactment of such amendment. Identify and explain steps that you would take to increase the likelihood of success of the campaign. Limit your answer to no more than four such steps.

Situation: You are employed by Forever Young, Inc. (“FY”), which makes and sells cosmetics. Jilaquil is an herb that is a significant ingredient of many of FY’s products. Only one U.S. company grows, processes, and sells Jilaquil, and it charges exorbitant prices. Moreover, there is a high tariff on Jilaquil. FY seeks a legislative solution to make it easier to obtain sufficient supplies of Jilaquil at a reasonable cost.

Question 3: Identify a legislative strategy FY might consider and identify the U.S. Senate committees and the U.S. House of Representatives
committees that might have jurisdiction over the measure.

Question 4: Identify a second, an alternative strategy, and identify the U.S. Senate committees and the U.S. House of Representatives
committees that might have jurisdiction over the measure.

Question 5: Describe the kinds of considerations you would take into account in evaluating which committees might be most or least friendly to your effort. Answer this question generally. You need not research the actual current members of any committee or their preferences and
inclinations.

GOVERNANCE, RISK MANAGEMENT, AND COMPLIANCE
Question 1. Assume that the board of directors of Quine, Inc. adopted a compliance program in 2012 to comply with Medicare and Medicaid regulations. Since 2012, Quine, Inc. has made numerous acquisitions and greatly expanded its business. Its board of directors, however, has not made any changes to the compliance program since 2012, and in fact has given it little attention. This last year Quine, Inc. paid $20 million dollars in fines and civil penalties for violating Medicare and Medicaid regulations. Shareholders have filed a derivative lawsuit. Given the materials covered in the in Pan, A Board’s Duty to Monitor, what do you think that the shareholders will try to argue?

Question 2. Compare the Independent Director provisions in the HCA Healthcare Corporate Governance Guidelines and those in the BristolMyers Squibb Corporate Governance Guidelines.  Identify at least 2 common elements and 2 differences.

Compare the Director Responsibilities section of the Darden Corporate Governance Guidelines with the Board Responsibilities and Expectation of Directors sections of the Goldman Sachs Corporate Governance Guidelines.
Identify at least 2 common elements and 2 differences. Why do you think that the Goldman Sachs Guidelines provide greater guidance regarding director responsibilities and expectations?

Regulatory Compliance
Question 1. Generally, procedures are designed to ensure compliance with laws of specific application, which require that specific actions be taken, rather than laws of general applicability, such as “the regulated entity must obey all laws.” Is there ever a need for procedures to ensure compliance with laws of general applicability? If so, what are some examples?

Question 2. Can a corporation have too many policies and procedures? We have discussed that from a risk perspective policies are designed to ensure the company complies with applicable laws and regulations. However, as we discussed in Module 3, if the policies are too excessive and the procedures are not practical for the employees to follow, there is a high likelihood that the business will not, wholly or in part, follow the procedures. Consider whether the company has a higher risk of regulatory enforcement actions and litigation exposure if it has policies and/or procedures that it does not follow. If you agree that there may be too many policies and procedures, how does a company determine the correct balance?