This question paper must be returned Candidates are not permitted to remove any part of it from the exam room Name: Student ID: Signature: EXAMINATION PAPER Term2020 July Semester Unit Code &...

Running Head: Value Chain Management                             1
Value Chain Management                                     8
VALUE CHAIN MANAGEMENT
Q1.
Risk management and the continuous improvement is considered as the key elements in the supply chain management. However, with the adoption of emerging technology, certain risks also come up but by initiating, some strategies the risks can be mitigated. Some of the prime risks associated with adopting emerging technologies in supply chain and the strategies initiated to mitigate the risks include-
Implementing Wrong Systems and Procedures
One of the most occurring risks in adopting new technology in supply chain is not implementing the right systems and the procedures. The new technology adopted need to be integrated in the new system correctly to get utilized to its full extent. Buying the new technology is not sufficient its proper implementation is also necessary. The strategy to mitigate these risks would be the new machines bought should be incorporated with the old one effectively and the machines should be integrated efficiently so that it could be properly taken into use. All these need to be sorted before the purchase of the machines.
Failing to Win Staff over New Technology
By using a machine for a longer period, the staffs of an organization get familiar and used to the particular machines they are probably working on. It is seen preferably in general life also that the people got used to with the things they are working on for a longer period. While introducing a new technology in the supply chain the staffs are proficiently going to use it. In this case failing to win staff over new technology is a possible risk to mitigate these kind of risk the management should make their staff aware of the benefits of this new machine and how it is going to make their work much easier and proficient (Zimmerman & Magnavita, 2018).
Improper Training to the Staffs
The new technology can be taken into consideration easily if the staffs are not trained regarding how it can be used. In most of the organizations, the staffs are not trained well regarding the use of new machines, which creates a risk for their health as well as the production capacity. As the training is an expensive thing, the organizations do not want to spend more money it. These kinds of risks could be mitigated by providing proper and adequate training to the employees so that they could get well versed with the technology.
Not Monitoring the Data
The new technology adopted in the organization requires a proper lookout by the prescribed person who could watch the productivity and affectivity of the machine, so that it could be measured whether the machine is effective or not. Though the whole process of monitoring the data is very boring and lengthy, the staff avoids it to take the proper account of it, which leads to an inappropriate knowledge about the affectivity of the machine. To avoid these condition the organization must ensure that the data is monitored well and consistently in order to get a proper overview (Seavey, 2019).
Q2.
Purchasing portfolio analysis is a tool that purchasing managers can use to develop differentiated strategies towards their supply...