CMI Level 5 Diploma in Management and Leadership

Assignment Assessment

Unit 5006-CMP

CONDUCTING A MANAGEMENT PROJECT

Name of Student:  Muhammad Akram

Registration No:  LC - 1296
STATEMENT OF AUTHORITY:

I confirm that the attached completed assignment is all my own work, and does not include any
work completed by anyone other than myself. I have completed the assignment in accordance
with the Institute’s instructions and within the time limits set by my Centre. By signing my name
below I am agreeing that I have read and understood the Candidates Statement of Authenticity.

Signature:

Date:
Contents
Introduction......................................................................................................................................1

TASK 1............................................................................................................................................2

Assess and determine a management area for investigation that has an implication for a work-
related area...................................................................................................................................2

Identify and state concisely the aim, scope and objective of the project.....................................2

Justify the aim and objective of the project.................................................................................3

TASK 2............................................................................................................................................4

Identify and list brief details of sources of data and information for the project.........................5

Consider and analyze the data and information for options or alternatives that meet the project
aim................................................................................................................................................6

Present arguments and ideas in a logical sequence to support the chosen option or alternative. 6

TASK 3............................................................................................................................................8

Produce an evaluation of the research to make conclusions........................................................8

State a recommendation of a course of action to meet the project aim.......................................9

Evaluate the factors such as risk, cost, time and human resources which could impact upon the
project recommendations.............................................................................................................9

TASK 4..........................................................................................................................................11

Consider the best medium to be used to show the results of the project...................................11

Produce the results of the project in a logical concise and structured way................................11

Produce an executive summary (for stakeholders)....................................................................12

Discuss the impact of the project on the work-related area.......................................................12

Conclusion:....................................................................................................................................14

Bibliography....................................................................................................................................1
Introduction

Supply chain management is a cross-function method encompassing in dealing the movement of

raw materials into a business, certain features of the internal understanding of materials into over
goods, and the undertaking of finished properties out of the association and to the end-consumer.
Regardless of the practice engaged, cautious thought must be given to the complete project
purposes, timeline, and budget, as well as the roles and errands of all members and participants.

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TASK 1

Assess and determine a management area for investigation that has an implication for a
work-related area
Supply chain management is vital for any manufacturing organization. because of globalization,
customers now a days have information of products and services. It will have lots of strategic
implication within the company which will help the company run better. Supply chain
management periods all program and delivery of raw materials, work-in-process inventory, and
finished goods from point of foundation to point of consumption. As organizations attempt to
focus on essential competencies and enticing more flexible, they decrease their ownership of raw
materials springs and distribution channels. These roles are slowly being authorized to other
entities that can execute the activities better or more cost efficiently. Fewer control and more
supply chain partners led to the formation of supply chain management concepts. The resolution
of supply chain management is to recover trust and teamwork among supply chain partners, thus
refining inventory discernibility and the speed of inventory movement.[ CITATION Faw08 \l 1033 ]

Identify and state concisely the aim, scope and objective of the project
The aim of this project an area in this case which is supply chain management to view its
strategic implication in the organization. Main aim of SCM is to progress the general
performance of the entire system for the supply-chain. Nevertheless each factory, distribution
Centre and extra rudiments of supply-chain working at the best levels, the supply-chain as a full
may function sub-optimally. All the elements of supply-chain have their own short-term and
long-term objectives. Their functioning choices are based on these objectives. It is very
communal that the decisions of the residents may not be allied to the general strategic goal for
the total supply chain. Meanwhile the stake for the dissimilar players is very high making it
commanding for the partners- suppliers, manufacturers and customers act as if they are part of
the similar company. Thus option of supply chain management is enormous. The main limitation
of this project is that the confidentiality of data. Most of the data were collected from secondary
source. Therefore the authentication of those sources cannot be confirmed. Another issue was
time constarint. Primary sources might have personal influence. Besides, for the organization,
due to the many players and complexity of supply chains, a problem in one link can have
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progressively negative effects on the chain as a whole. There will be at least an insignificant
delay in production, idle resources or additional costs experienced from any of the probable
responses of waiting on the supplier, ruling a new supplier or shifting the distribution of
resources to a dissimilar product. [ CITATION Lee10 \l 1033 ]

Justify the aim and objective of the project

SCM's wide-ranging objective is to abridged costs by addressing four key objectives. If all
supply chain links know their precise task, the production measures become easier. This
management allows a firm to have better force in the market. Harmonization also permits firms
to increase customer service. All supply chain partners should share logistical information to
endorse better coordination. Detriment the customer, the good or service will halt at the point of
sale. A firm must understand what its buyer wants, believes and raises in order to in-depth the
supply chain's last steps. The main determinations of Supply chain management are to improve
the general organization performance and customer satisfaction by purifying product or service
delivery to consumer.[ CITATION Faw08 \l 1033 ]

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TASK 2

Identify and list brief details of sources of data and information for the project
Once I have a different purpose and a clear explanation of what I want to achieve, I can continue
to the next step: conceptualization. Conceptualization is the system of producing precise, agreed-
upon senses for ideas for the resolutions of research. This comprises telling the indicators to
amount ideas as well as the different features to the ideas. I will have previously determined
which study method I am going to use, so now is the time to device that choice. For occurrence,
while foremost a survey, print surveys and mail those to my sample, or might have a team of
interviewers bearing the survey over the telephone. Once all of your data is placid, develop it.
Throughout the data indulgence step, alter the composed data into a form that is appropriate to
operate and inspect. Rare data, after it is first self-possessed, will need to be cleaned. Analysis
could come in the form of events and crosstabs, regression analyses, correlations, or ANOVA, to
name a few.[ CITATION Whe97 \l 1033 ]

Consider and analyze the data and information for options or alternatives that meet the
project aim

To tap into the value of data, executives must understand how this flow of data- crossways what
indicates a very active "information supply chain" - drives the beginning of value across all of
the risky business measures that influence their organization's performance. When obtainable this
way, this is a concept that is naturally understandable to business frontrunners. Just as raw
materials move decided a physical supply chain on their way to becoming finished goods - or an
impartiality skill is performed from the start of trade finished final payment - data moves in a
very comparable manner through an information supply chain on its way to attractive actionable
business knowledge and idea. Parallel to this physical supply chain is the set of the key data
production actions- in effect, distinct corporate procedures - that nonstop produce and consume
data as it changes through one or more information supply chains on its way to affable actionable
business shrewdness. These serious business procedures grip business operations, internal
management broadcasting, peripheral financial reporting, agreement and regulation, and policy
making.[ CITATION Whe97 \l 1033 ]

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At all step, the organization's main data customers are either drawing data from or tallying data
to these information supply chains. However, these groups usually include business executives,
industry analysts and IT administrators, central management accountants, independent auditors
and peripheral controllers, data aggregators, trading partners and businesses.[ CITATION
Whe97 \l 1033 ]

Present arguments and ideas in a logical sequence to support the chosen option or
alternative
Supply chain management can be understood just as the combination of two rudimentary ideas.
First is the idea that all products that eventually end up in the hands of a customer have reached
its endpoint as a result of the avid labors of a large number of corporations and organizations.
This groundwork of businesses and organizations can be stated to as the supply chain. Second is
the idea that many organizations have traditionally only paid consideration to what was up-to-
the-minute inside their businesses, certainly not thinking about other vital devices of the chain.
This type of discerning hints to miscommunications and delays, and it can leave consumers
feeling like they have not been preserved well. As a result, the whole management of supply
chains has become a need so that products are brought in a style that is satisfactory to consumers,
besides all of the organizations complicated in particular supply chain. Clearly, consumers are
the people who value the most from complete supply chain management. They are the
constituents that are dependent upon a chain being managed capably. When their goods reach
them in a timely manner disadvantage event, they are content knowing that things have worked
in the way they are thought to. Because of this, the load of supply chain management often falls
with suppliers or logistics businesses.[CITATION Wha12 \l 2117 ]

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TASK 3

Produce an evaluation of the research to make conclusions

Supply chain management is not one of the characteristic B-school majors, for either
undergraduates or MBAs. But job openings, contented salaries, and the vision for advancement
have produced the theoretical communal to take notice, with more students majoring in the
subject and more programs signifying courses and considerations in it. With such companies as
H.J. Heinz (HNZ) and Ann Taylor Stores (ANN) creating C-level supply chain places in the past
few years, more trainees are seeing career potentials in the major. Typically, SCM will exertion
to centrally device or link the production, batch and delivery of a product. By handling the
supply chain, businesses are able deliver products quicker by keeping tight control of internal
inventories, internal production, distribution, sales and the inventories of the company's product
purchasers. SCM is founded on the idea that about every product that comes to market outcomes
from the efforts of numerous organizations called the supply chain. Though these supply chains
have happened for ages, until currently most corporations have paid only minor devotion to
them. [ CITATION Jes05 \l 1033 ]

State a recommendation of a course of action to meet the project aim

Improving visibility is near the top of the importance list for many supply chain managers, but
the topic though remains somewhat vague and fragmented for many companies. Procter &
Gamble may or may not have invented the phrase, but it uses that concept to help guide where
and how it invests in amended visibility. Supply chains managers must stress on and plainly
describe what explicit information will allow them to makes better choices and efficiently act
faster to problems and chances. Many businesses we see add supply chain discernibility in a sort
of muddled fashion, based on seeming needs in some area or another at a given point in time.
While the nature of perceptibility lends itself to declining into that split method, development of
a master plan that sets insistences for effort and investment, and what sorts of discernibility
stages need to be learned or built will lead to a more real and cost effective result. Visibility
applications can be infrequently hard to defend. Retailers can go through this over and over
again. But companies need to take their patterns and really dive down into the facts to not only

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create a plan to gets the project accepted, but also leads to the assured results delivered.
[ CITATION Jes05 \l 1033 ]

Evaluate the factors such as risk, cost, time and human resources which could impact upon
the project recommendations

Supply Chain Management (SCM) is a dynamic element to operational usefulness. SCM can be
applied to customer indulgence and company achievement, as well as within societal settings,
counting medical missions; disaster relief actions and other kinds of crises; cultural evolution;
and it can help expand quality of life. Because of the lively role SCM plays within organizations,
managers seek employees with an abundance of SCM skills and knowledge. Supply chain
management is severe to business operations and achievement for the following reasons:
Fundamentally, the world is one big supply chain. Supply chain management touches major
matters, counting the rapid development of multinational corporations and strategic companies;
worldwide expansion and obtaining; changing gas prices and environmental anxieties, each of
these issues forcefully affects company strategy. Because of these developing tendencies, supply
chain management is the most serious business discipline in the world today. Supply chain
management is indispensible to the foundation and infrastructure within societies. SCM within a
well-functioning society generates jobs, cuts pollution, reductions energy use and surges the
standard of living. SCM effects customer service by making sure the right product mixture and
quantity are delivered in a timely fashion. Furthermore, those products must be available in the
location that customers presume. Customers should also get quality after-sale customer support.
SCM has a wonderful impact on the bottom line. Organization’s values supply chain managers
because they weakening the use of large fixed assets such as plants, warehouses and transport
automobiles in the supply chain. Also, cash flow is augmented because if delivery of the product
can be faster, profits will also be conventional quickly.[ CITATION Jes05 \l 1033 ]

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TASK 4

Consider the best medium to be used to show the results of the project

The business plan must be obtainable in a form the ’audience’ undertakes and understands. If the
plans are multifaceted or people have a low level of indulgent then it must be shortened.
Winning the endowment of key players, talking with them and safeguarding they know and
accept the business plan scheduled to formal appearance can be a major factor. Yet ’key players’
are not enduringly the people in charge. They could be shop-floor staffs or union legislatures.
They are people active to the implementation of the business strategy and/or who can play an
important role in clearing up the plan, building support or making conditions for it to succeed
giving a business plan is a two-way process, a discourse between you and the person(s) you are
trying to effect. Presenting a business strategy is a two-way process. Not only must you be able
to current your case well but you must have a full indulgent and knowledge of your business
plan. If you do you will be able to answer their investigations and deal with any doubts they
have. [ CITATION PRE \l 2117 ]

Produce the results of the project in a logical concise and structured way

Dissemination is the course of making the results and deliverables of a project accessible to the
stakeholders and to the wider audience. Each project must develop a dissemination strategy, as
part of the overall project plan that needs to clarify how the visibility of the project outputs and
outcomes will be exploited, and how the project outcomes will be shared with stakeholders,
relevant institutions, organizations, and persons. Furthermore to a dissemination strategy,
projects must also advance an exit/sustainability strategy exactness what should happen to the
project outputs at the end of the project, and to explore how they can be sustained. [CITATION
Eur12 \l 2117]

Like the dissemination strategy, it will consider the procedures essential for implanting, and
take-up by the community. Though, where dissemination inclines to focus on activities to
inform, educate, and engage, sustainability tends to focus on models and situations. projects
often develop deliverables that are technically difficult and composite. A good starting point is to

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reenter the stated project outcomes, and consider the changes the project will stimulate or enable.
The outcomes may narrate to what people will be able to do better, faster, or more professionally
because of what the project has attained.[CITATION Eur12 \l 2117]

Produce an executive summary (for stakeholders)

This branch of management is significant because it helps an business to achieve its strategic
objectives by connecting both the external and internal environments and by making a positive
relationship with stakeholders through good management of their expectations. Primary
stakeholders recognized were consumers, regulation, industry, and media. Local and national
Government bodies, local communities, extended families of employees and local businesses can
all considered being stakeholders. All of these groups need to be assessed, managed and nurtured
to some degree if the business is to prosper. SCM is now a strategic function addressed at the
uppermost levels of the organization in concert with multiple stakeholders on both the supplier
and customer side of the table. The participation of the stakeholders at diverse stages of the
process must be essential and required. Stakeholders’ value must be taken into thought in order
to describe the future “To be” state on any improvement. Effective stakeholder participation in
the demonstration, design, and management of IT projects is an essential part of decision-
making.[ CITATION Cut11 \l 2117 ]

Discuss the impact of the project on the work-related area

A manager in this field must have the ability to communicate, negotiate and coordinate events
with business partners and service firms in a variety of sectors, including manufacturing,
transportation and warehousing. Information management and distribution management are also
important aspects of this job. Managers are expected to master the ongoing challenges of
effectively and efficiently managing limited resources by obtaining the best prices for raw
materials and purchasing the necessary quantities without tying up valuable resources in
inventory. A supply chain manager must ensure that there is always an optimal quantity of
materials and supplies on hand for meeting production schedules and other needs of the
organization. Managers oversee the planning of production work schedules and the steps
necessary to deliver the final product to customers.[ CITATION Hol05 \l 2117 ]

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Conclusion:

A supply chain is a method of organizations, people, technology, activities, information and

resources tangled in moving a product or service from supplier to customer. Supply chain actions
alter natural resources, raw materials and modules into a finished product that is brought to the
end customer. In classy supply chain systems, used products may re-enter the supply chain at any
point where remaining value is recyclable.

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Bibliography
 What Is Supply Chain Management And Why Is It Important? (2012, June 21). Retrieved March
8, 2013, from accessamericatransport: http://www.accessamericatransport.com/what-is-
supply-chain-management-and-why-is-it-important/

 Cuthbertson, R., & Cetinkaya, B. (2011). Sustainable Supply Chain Management: Practical Ideas
for Moving Towards Best Practice. London: Springer.

 European Commission. (2012, January 01). Managing projects. Retrieved February 11, 2013,
from Executive agency for health and consumers:
http://ec.europa.eu/eahc/management/Fact_sheet_2010_10.html

 Fawcett, S. E., Ellram, L. M., & Ogden, J. A. (2008). Supply Chain Management. New Delhi:
Pearson Education India.

 Holman, D., Wal, T., Clegg, C., & S, P. (2005). The Essentials of the New Workplace: A Guide to
the Human Impact of Modern. West Sussex: John Wiley & Sons.

 Jespersen, B. D., & Skjott-Larsen, T. (2005). Supply Chain Management: In Theory and Practice.
Denmark: Copenhagen Business School Press DK.

 Leeman, J. J. (2010). Supply Chain Management. Dussledorf: BoD – Books on Demand.

 (n.d.). PRESENTING A BUSINESS PLAN.

 Wheeler, D. (1997). Investigators Guide to Sources of Information. Washington: DIANE

Publishing.