Management
Name:
Institution:
Management
Question 1
The five functional performance measures of an operational assessment include the cost of quality, which is measured as the actual used amount versus the budgeted figures. The variances measured as actual expenses versus the standard absorbed are second. The third measure is the period expenses, which detail the actual expenses against the budgeted amount. The safety measure is obtained from the common scale while profit contribution measure is attained from common scale or in dollars.
Question 2
There are four dimensions of sustainability as relates to the supply chain risk. The economic dimension affects the offsets, lean and substitutes of the risks involved in the supply chain. The environmental dimension is determined by conservation, elimination and life cycle of the entities as regards supply chain risks. The education dimension in supply chain risk is focused on the development, global knowledge and communication. The ethics dimension is concerned with social responsibility and collaboration.
Question 3
In the risk and mitigation strategies, some methods are not appropriate according to informed judgment. One of these strategies include risk buffering in which, a reserve is created in order to absorb the effects of several risks without endangering the project. As an alternative, prevention and risk optimization to deal with the endangered project is a viable strategy. It ensures swift action is taken.
Question 4
The transportation of freight in the US relies on delivery through air cargo means. After the September 11 2001 attacks, Vermont Company was severely affected by the transportation and supply chain efforts. Logistics taken to relieve effects of the disruption were seeking of alternative transport modes like sea transportation, rail and road, improving security on facilities and use of stand by hiring services at the height of the attack.