Globalisation and outsourcing, while providing opportunities for growth and profitability, have exposed many supply chains to unprecedented levels of risk in the last few years including the disruption caused by Covid-19. Awareness of supply chain risk is crucial for firms to effectively manage their supply chains. ‘Supply Chain Risk Management’ (SCRM) has emerged as a focus area for many supply chain managers in various surveys in the last few years. This was particularly true during 2019-21, where international supply chains of many companies from various industries were subjected to continued disruption. The failure to respond adequately during the Covid-19 disruption has exposed the inadequacy of their SCRM strategies. In this regard, choose an industry of your choice and address the following supply chain risk management issues afflicting the industry.
- Identify the current level of risk perception within the supply chain of the chosen Industry.
- Analyse the existing supply chain risks and the operational impacts of those risks on the firms in the chosen industry.
- Based on your understanding of the drivers of supply chain performance, investigate what risk mitigation approach or approaches would have been deemed useful against the supply chain risks caused by Covid-19 in the chosen industry. Also, discuss the cost-benefit analysis of the chosen approach or approaches.
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Notes:
- Your response should be based on both academic literatures and industrial resources.
- Confine your response to no more than 3000 words (excluding tables, figures, and
appendices and references).
- Your coursework is checked up for its coherent and sustained analysis, critical perspective, balanced structure and definitive conclusion.
- Support your arguments with evidence from industry, where relevant.
- The coursework is also checked up for evidence of (a) thorough understanding of supply
chain risk management concepts, processes, and applications; (b) originality; and (c) strong analytical skills.
- Your coursework is also checked up for the use of references. You are advised to desist
from referring to non-academic, non-industrial sources (Wikipedia, blogs, etc.).
- Students need to cite their word count at the end of the coursework. If your word count exceeds the recommended word limit, only the first 3000 words would be marked up and
the rest of the passaged will be ignored.
- Students are advised to follow a minimum of 1.5 spacing for their coursework.
- Students are strongly advised to follow university guidelines on academic dishonesty.
Marking Allocation:
Question | Allocation (%) |
Identification of threat perception | 25 |
Analysis of existing supply chain risks and their operational impacts | 25 |
Investigation of risk mitigation methods | 40 |
Use of references and general structure | 10 |
Total | 100 |
Assessment Criteria:
1st – Exceptional (90% and above)
- Very thorough research from a number of sources, including books, journals, the Internet and personal interviews. Very well-constructed, professional quality work producing high quality, meaningful outcomes that have real-world application.
- An exceptional exploration of the topics with excellent integration of a wide range of material.
- A very high level of insightful critical thinking and sophisticated argument.
- Well written to a professional standard of presentation, showing extensive knowledge in the relevant areas.
1st – Outstanding (80% – 89%)
- Thorough research from a number of sources, including books, journals, the Internet and personal interviews. Very well-constructed work producing excellent quality outcomes that have real-world application.
- An outstanding exploration of the topic with excellent integration of a wide range of material.
- A very high level of critical thinking and sophisticated argument.
- Well written and high standard of presentation, showing extensive knowledge in the relevant areas.
1st – Excellent (70% – 79%)
- Thorough research from a number of sources, including books, journals, the Internet and personal interviews. Well-constructed work producing good quality outcomes that potentially have real-world application.
- An outstanding exploration of the topic with excellent integration of a wide range of material.
- A high level of critical thinking and sophisticated argument.
- Well written and high standard of presentation, showing extensive knowledge in the relevant areas.
2.1 – Very Good (60% – 69%)
- Thorough research from a number of sources, including books, journals, the Internet and personal interviews. Good use of relevant original research with outcomes that are the basis for development into real application
- A comprehensive exploration of the topic with sound critical comment and synthesis of a range of issues.
- Well argued.
- Well written and high standard of presentation.
2.2 – Acceptable (50% – 59%)
- Research from a number of sources, including books, journals, the Internet and personal interviews.
- Relevant concepts used to discuss and explain findings and support recommendations.
- Soundly written and presented document, showing knowledge in the relevant areas.
Fail/Clear Fail (Below 50%)
- Submission deficit in most respects.
- Below standard effort and question not answered.
- Little relevant research conducted.
- Below standard writing and presentation.