Supply Chain ManagementSupply Chain Management

Supply Chain ManagementSupply Chain Management Question 1 Well-designed standards are the foundation for clear, understandable exchanges between trading partners. By using them, you can keep costs down and reduce complexity in your supply chain (www.gs1au.org). Discuss the above statement based on the following two questions:  a) Critically discuss the importance of GS1standards in the Australian Healthcare industry.  b) Just like any other industry, the Australian healthcare industry is also not immune to product recalls. Explain with relevant examples, why recalls are necessary and how recalls can be smartly managed or dealt with in this industry and the various benefits of doing so.  (Total: 40 marks) Question 2 “Sustainability isn't the burden on bottom lines that many executives believe it to be. In fact, becoming environment-friendly can lower your costs and increase your revenues. That's why sustainability should be a touchstone for all innovation” (Nidumolu et al., 2009). Do you agree or disagree with this statement? Critically discuss this statement. Next, explain with relevant examples from various industries why businesses today need to rethink business models along with products, technologies, and processes.  (Total marks: 30 marks) Question 3 Although cross-docking is an innovative distribution strategy, it has not been fully embraced by everyone.  Critically discuss this statement supporting it with appropriate examples and scenarios. Next, provide examples of two companies (from different industries) operating in Australia that could benefit from this strategy and why? (Total marks: 30 marks)