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PSR521S PROCUREMENT AND SUPPLY CHAIN RISK MANGEMENT - 1ST OPP - NOV 2022 |
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n Am I BI A u n IVER s I TY
OF SCIEnCE Ano TECHnOLOGY
FACULTY OF COMMERCE, HUMAN SCIENCESAND EDUCATION
DEPARTMENT OF MARKETING, LOGISTICSAND SPORT MANAGEMENT
QUALIFICATION: BACHELOR OF PROCUREMENT & SUPPLY CHAIN MANAGEMENT
QUALIFICATION CODE: 07BPSM
COURSE CODE: PSR521S
SESSION: NOVEMBER 2022
LEVEL: 5
COURSE NAME: PROCUREMENT AND SUPPLY
CHAIN RISK MANAGEMENT
PAPER: THEORY
DURATION: 3 HOURS
MARKS: 100
EXAMINER(S}
FIRST OPPORTUNITY EXAMINATION QUESTION PAPER
MS. E JESAYA
MR.HAMWELE
MODERATOR: MS. H NUUYANDJA
INSTRUCTIONS
1. Answer ALL the questions.
2. Read all the questions carefully before answering.
3. Number the answers clearly
THIS QUESTION PAPER CONSISTS OF 4 PAGES (Including this front page)
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SECTION A: MULTIPLE CHOICE AND TRUE/FALSE QUESTIONS
QUESTION 1: MULTIPLE CHOICE
20 MARKS
Write the letter next to the correct answer.
2X5=10 MARKS
1.1. The terminology associated with the management of Dave Supermarket's opinions,
assumptions, and attitude toward the Covid-19 pandemic and its effects on the
distribution of fast-moving consumer goods to customers in 2021.
a)
hazard
b)
risk attitude
c)
risk perceptions
d)
risk
1.2. In June 2022, Namib Mills introduced Bakpro Low GI Long-Life Bread, which is healthy,
contains a variety of seeds, and keeps consumers fuller for longer. What is the corporate
social responsibility component aligned with Namib Mills' action?
a) Products/services
b) Suppliers
c) Communities
d) Employees
1.3. One of the benefits of risk management is:?
a) Forecasts Probable Issues
b) Fluctuations in actual demand
c) Enables Growth
d) A and C
1.4. Benefits of risk assessment to an organisation and the supply chain include:
a) Increase lag times when restocking products.
b) Establish risk management standards based on good safety practices and legal
requirements.
c) Save money by being reactive rather than proactive.
d) Workplace incidents are increasing with time.
1.5. Supply chain resilience work by:
a) Prepared to adapt and adjust to unanticipated changes in the business environment.
b) Being only reactive in anticipating and responding to unforeseen events.
c) Ineffective weapon in combating supply chain disruptions.
d) Fearing the unknown.
SUB-TOTAL: 10 MARKS
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QUESTION 2: TRUE/FALSE
State whether the following statements are true or false.
2x5 = 10 MARKS
2.1. Risk exposure is the level of risk an organisation is willing to accept while pursuing its
objectives.
2.2. Procurement is called sustainable when it integrates incompatible requirements,
specifications, and criteria and favours the protection of the environment, social
progress, and support of economic development, namely by seeking resource efficiency
and improving the quality of products and services, and ultimately optimising costs.
2.3. Managing supply chain continuity requires using reactive supplier selection criteria,
oversight, validation of supplier recovery capabilities, and contingency plans in the event
a supplier fails to deliver.
2.4. A risk register is a tool that identifies, analyse, and resolves risks collectively in a project
or organisation.
2.5. Greater resilience frequently leads to reduced risk and a greater ability to invest in
innovation and growth.
SUB-TOTAL: 10 MARKS
SECTION B: STRUCTURED QUESTIONS
{80 MARKS)
QUESTION 3:
16 MARKS
Discusseight negative consequences of risk to an organisation.
QUESTION 4:
20 MARKS
4.1. Explain why supply chains are vulnerable to fraud and corruption?
8 MARKS
4.2. Assesssix steps for preventing corruption in the supply chain.
12 MARKS
SUB-TOTAL: 20 MARKS
QUESTION 5:
14 MARKS
Evaluate seven steps of the risk management process.
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QUESTION 6:
16 MARKS
What is a risk culture? Discuss the key characteristics of an Intelligent Risk Culture.
QUESTION 7:
14 MARKS
How can a company determine if its supply chain is resilient? Discuss any seven indicators.
TOTAL: 100 MARKS
THE END
SUB-TOTAL: 80 MARKS
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