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WEEK SEVEN ASSIGNMENT, ISQA 407
SUPPLY CHAIN OPPORTUNITIES

Student Name ____________________________________

Reading Assignment
Read Chapter 7 of class text, Supply Chain Opportinities (Essentials of Supply Chain Management, Second Edition, Michael Hugos).Read article “Identifying the Links in Your Supply Chain” (D2L) 1. Please explain what is mean by “competitive advantage” and give an example of it.
An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and retain more customers than its competition. There can be many types of competitive advantages including the firm's cost structure, product offerings, distribution network and customer support. Such as Wal-Mart, has a high level of the supply chain management and responsive the market demands. Wal-Mart has efficient logistic. 2. What is meant by the term “brainstorming” and what are some of its advantages? Brainstorming is technique for generating a free flow of ideas in a group of people. Advantages : a. Brainstorming session is often the last resort when other techniques and methods do not deliver the desired solutions. b. A few basic rules to follow and easy to learn and perform. Once the rules are accepted, any barriers to creativity fall quickly. c. The costs for a brainstorming session are very low in relation to the output. d. The biggest advantage is the high amount of generated ideas.

3. Describe the steps in creating an initial project plan and budget.
A useful way to think about the work on a project and the corresponding time boxes is to divide time spent on a project into three main steps and assign an overall time box to each of the main steps. Then within each step, subdivide the time available to accommodate the tasks that are involved. The three steps and their durations are: 1.Define what is

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