Question: 1. Explore the concepts of Lean Supply Management based on what can be referenced in the concurrent literatures; discuss the critical importance of value adding, waste reduction and high efficiency that the lean approach can bring about. Propose a general approach for an organization to initiate, develop and sustain the lean supply management.
2. Explain what are the supply chain uncertainties and supply chain risks; explore some already established management approaches towards the supply chain uncertainty using academic and professional journal articles. Discuss the phenomena and behaviour of the Forrester Effect as one of the models for demand uncertainty; further explore the countermeasures of Forrester Effect.
3. Discuss the growing importance of the supply relationship in today's supply chain management; explain with references to published literatures some well-established relationship management concept and practices; explore the strategic and operational considerations that are essential to arrive at an appropriate relationship management decision.