choosing low-cost & low-quality service providers for logistics. The on-time delivery and short lead time is quite important for your company. The supplier has a fair and variable price list based on different shipment alternatives and INCOTERMs. So in order to supply the goods in line with your priorities, which incoterm(s) would you prefer in case the goods are delivered in container by sea? Why? (Explain in min. 3-4 sentences.)
Q: how did you select the supplier/vendor in order to work within the budget limit?
A: Choosing the appropriate provider entails a lot more than looking through a bunch of pricing lists.…
Q: Procurement extends from just defining work- sharing warranties etc to co designing the offering and…
A: Procurement strategy refer to the process of procuring the raw material and intermediate goods from…
Q: Describe how easy is it to switch suppliers and what could complicate a firm's ability to switch to…
A: A supplier is a business or organisation that provides goods or services to another company,…
Q: Bargaining power of suppliers at Southern Hospitality brings the high number of suppliers, high…
A: Bargaining Power of Suppliers: This force analyzes how much power and control a company’s supplier…
Q: How do air carriers price their services? Is the weight or density of the shipment a factor? Explain…
A: Airlines pricing depends upon its selection of the plane. Each plane has a different seating…
Q: snip
A: Purchasing is the coordinated acquisition of products and services for the purchasing substance.…
Q: You are the product manager of a confectionery company that includes small plastic toys with its…
A: A newly observed wonderful process to describe it in the first place. As a Product manager i have…
Q: Formulate recommendation and strategies on how to minimize a business negative impact and maximize…
A: Suppliers and investors are essential for business to strive in the competition. The welfare of…
Q: Supplier managed inventory and integrated supplier programs are becoming more popular with buyers…
A: Supplier managed inventory and integrated program helps in managing the inventory . And the…
Q: What selection criteria does Trek utilize when it selects a new supplier or evaluates an existing…
A: Supplier selection is a necessary process in procurement. Identify the business requirements and…
Q: Procurement comprises of three main stages namely identification of need, supplier selection and…
A: Hello thank you for the question. As per guidelines, we would provide only first three sub-parts at…
Q: Questions: (Your answer should be on the ethical side, not on the legal side) Reading the case and…
A: Ethics refer to set of principles that govern an individuals’ or an entity’ act is morally good in…
Q: snip
A: Ex-works (EXW) is a shipping arrangement in which a seller makes a product available at a specific…
Q: In an import process from India to Oman, when is a purchase order negotiated between buyer an seller…
A: India’s exports to Oman include items like Mineral fuels, mineral oils and products of their…
Q: Traditionally, buyer-supplier relationships were considered as adversarial, arms-length…
A: A supplier is a person who provide goods and services for the business. The main role of supplier is…
Q: Is it true or false that Rationalizing the supplier base would mean that the purchasing firm is…
A: We know that how important and prominent are suppliers for any firm or organization. So, let’s…
Q: The function of packaging refers to the ability of a product in a package to handle being…
A: Packaging simple implies the wrapping of product to transport and keep it clean easily. Packaging is…
Q: Procurement is defined as the process of establishing terms and conditions for acquiring goods and…
A: The cost included from procurement to delivering the goods are called as logistics cost. This…
Q: List the disadvantages (min 5 points) of traditional procurement approach and see what are the…
A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…
Q: The company’s focus is on growth based on, “its holy trinity of price, selection, and availability,”…
A: SUPPLY CHAIN MANAGEMENT: This is a management system in the organization that handles the flow the…
Q: How easy is it to switch suppliers? What could complicate a firm’s ability to switch to a new…
A: Supplier is the one who provides goods and services to the other business, organization, customer,…
Q: Procurement is defined as the process of establishing terms and conditions for acquiring goods and…
A: there are 6 versions which are discussed below 1. Business-to-business (B2B) 2.…
Q: How easy is it to switch suppliers? What could make a company's transition to a new supplier more…
A: A supplier shall be a business or association which sells goods and services to a different entity,…
Q: A business marketer (who is ‘out’ or potential supplier) is keen to supply cold-rolled (CR) steel…
A: Marketing is the economic exchange of value between customers. A marketer always tries to create as…
Q: . Under what circumstances will you choose either of the options over the other? d. How can the…
A: Below is the solution:-
Q: relationship with suppliers from arm's length to vertical integration. suggest reason an OEM may…
A: As supply chains grow more complicated, cultivating precise, quantifiable methods to assess each…
Q: Determine the three major supply chain objectives of the manufacturing and supply operations, the…
A: Operations management is an area of management dealing with production, storage and delivery of…
Q: A newly built 1000 bedded hospital wants to purchase equipment to the Radiology and Blood bank…
A: Given case: A 1000 bedded hospitals is likely to purchase equipment for the purpose of radiology and…
Q: a-1. Calculate the total cost for each supplier. (Round your answers to the nearest whole number.)…
A: Number of orders = 15000/1250 = 12 Holding cost = 625*(594 or 590) *0.2 Equipment cost as given in…
Q: Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using V…
A: A Small Introduction about Supplier Management Supplier management is the cycle that guarantees…
Q: HOW MANY SUPPLIERS ARE BEST FOR MANAGING RISK? Xiaotian Geng, president of Shanghai Manufacturing…
A: Decision Tree The decision tree is a decision analysis mechanism that uses a tree-like modeling…
Q: Centralized purchasing is used primarily to A) increase the number of buyers who work with…
A: Centralized purchasing: The department is named central purchasing inside a business firm that is…
Q: Let’s assume you are working in a (Small-Medium Enterprise) SME in Istanbul and your company would…
A: International trade or transactions always present some degree of risks and uncertainties during the…
Q: Explain 3 situation in which a purchaser might select a supplier that is having financial…
A: It is pretty rare that for a buyer to select a financially challenging retailer. However, in some…
Q: Why might the supplier be likely to overstock (relative to what is supply chainoptimal) in a VMI…
A: Vendor-Managed Inventory (VMI) is a means of optimizing supply chain performance in which the…
Q: Major suppliers to the pharmaceutical firms are manufacturers of active pharmaceutical ingredients…
A: ANSWER: OPTION (B) is the correct answer: Importance of quality or cost.
Q: A common statement made in some supply management organizations is, “We can’t be spending money on…
A: Supply management is the demonstration of recognizing, getting, and overseeing assets and providers…
Q: Based on your knowledge of corporate social responsibility, as well as supply chain logistics, what…
A: Answer In today’s commerce world, developing consideration is being paid on the commerce concept;…
Q: Explain the importance of supplier relationships manufacturers dealing with shortages created by…
A: The continuous flow of goods and materials is important to ensure the effectiveness and high…
Q: Identify scope and structure of manufacturing firm. Identify 1st-Tier and 2nd-Tier supplier. Discuss…
A: Consider a FMCG firm which purchases raw material from different suppliers, manufacturer has variety…
Q: he cost of monitoring and evaluating the performance of suppliers can be high. What arguments…
A: Performance Evaluation is described as a formal & productive method to calculate an employee’s…
Q: Explain how easy is it to switch suppliers and what could complicate a firm's ability to switch to a…
A: A supplier is an individual or business that gives an item or service to another person or business.…
Q: There are a variety of activities besides purchasing that forms part of supply chain management.…
A: Supply chain can be defined as the management of the flow of services or goods which involves…
Q: y advantages an
A: Procurement Methods include incorporating serious offering, serious proposition, demands for…
Let’s assume you will supply a container of chemicals from China. The supplier has a bad reputation of choosing low-cost & low-quality service providers for logistics. The on-time delivery and short lead time is quite important for your company. The supplier has a fair and variable price list based on different shipment alternatives and INCOTERMs.
So in order to supply the goods in line with your priorities, which incoterm(s) would you prefer in case the goods are delivered in container by sea? Why? (Explain in min. 3-4 sentences.)
Step by step
Solved in 2 steps
- Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in Table. Which supplier and which shipping quantity will provide the lowest costs for Eight Flags?In a multi-echelon supply chain, how can the Wilson approach be extended to optimize inventory levels at different stages of the supply chain? What challenges might arise in this context?The trade-off between transportation and inventory costs is significant when designing a supply chain network. Two fundamental supply chain decisions involving this trade-off are Choice of Transportation Mode and Inventory aggregation: Design a complete supply chain network for an FMCG company based in Pakistan. However, suppliers are both local and international but the distribution is confined in Pakistan only. This is a push-based industry and the business model is horizontal. You are required to do the following activities and don’t write anything in detail. Use bullet points to answer. The value chain diagram Identify the types of inventory at each stage of the value chain Modes and Legal forms of transportation at each stage Warehouses at each stage, their type, and strategies for warehouse location
- Describe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?The trade-off between transportation and inventory costs is significant when designing a supply chain network. Two fundamental supply chain decisions involving this trade-off are Choice of Transportation Mode and Inventory aggregation. Design a complete supply chain network for a FMCG company based in Pakistan. However, suppliers are both local and international but the distribution is confined in Pakistan only. This is a push-based industry and business model is horizontal. You are required to do the following activities and don’t write anything in detail. Use bullet points to answer. Warehouses at each stage, its type and strategies for warehouse location You are supposed to present a summary of your supply chain design in a matrix form.The trade-off between transportation and inventory costs is significant when designing a supply chain network. Two fundamental supply chain decisions involving this trade-off are Choice of Transportation Mode and Inventory aggregation. Design a complete supply chain network for a FMCG company based in Pakistan. However, suppliers are both local and international but the distribution is confined in Pakistan only. This is a push-based industry and business model is horizontal. You are required to do the following activities and don’t write anything in detail. Use bullet points to answer. Identify the types of inventory at each stage of value chain
- Suppose an organisation that manufactures personal protective equipment for the South African market is located in China. This South African organisation provides personal protective equipment as an additional product offering; however, it is not core to its operations. Using the practical context provided and the scenario above, illustrate a supply chain depicting the movement of these goods.Note: You are to use the illustration of a generic supply chain provided to you as a starting point. You are not to replicate that generic supply chain as your final answer. Using evidence of application to the scenario provided.At the Clorox Company, many new products are developed in conjunction with supply partners. When the company wanted to develop a line of surface-protecting cleaning products, it partnered with specialty chemical companies to develop products that could protect surfaces as sensitive as Teflon. a. Discuss identification stage of procurement with reference to this scenario.Take on the role of a leader looking to build a supply chain best suited for different types of products. In a table, compare and contrast the types of distributions networks best suited for A) Commodity items, and B) highly differentiated products.
- Assume that you are the Purchasing Manager recently joined to a manufacturing company which consistswith several functional divisions. You are reporting to the Managing Director of the company. The companyhas been implementing a purchasing strategy with less coordination with the other functional groups withinthe company. Moreover, there has been no coordination with its suppliers. As a qualified person with aMBA in supply chain management, you identified that it is required to do changes in many areas, especiallythe integration and collaboration of functional divisions when developing purchasing strategies. Write aone-page memo to the Managing Director outlining the benefits of having regular meetings between theheads of design, marketing, production and yourself when implementing the purchasing strategy. Indicatethe possible advantages of involving suppliers in the preparation of specifications for bought-out items andon developing new products. Describe at least four benefits of…Assume that you are the Purchasing Manager recently joined to a manufacturing company which consistswith several functional divisions. You are reporting to the Managing Director of the company. The companyhas been implementing a purchasing strategy with less coordination with the other functional groups withinthe company. Moreover, there has been no coordination with its suppliers. As a qualified person with aMBA in supply chain management, you identified that it is required to do changes in many areas, especiallythe integration and collaboration of functional divisions when developing purchasing strategies. Write aone-page memo to the Managing Director outlining the benefits of having regular meetings between theheads of design, marketing, production and yourself when implementing the purchasing strategy. Indicatethe possible advantages of involving suppliers in the preparation of specifications for bought-out items andon developing new products.As a supply chain and logistics management student, you have completed key aspects of the discipline throughout your qualification, namely, purchasing management, supplier relationship management, warehouse management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • Which areas of this module did you find most interesting and challenging to learn about? Why? • If the procurement process for inventory is not ethically done, what do you think would be the impact on organisations? • Do you think the individual responsible for managing inventory i.e., performing ABC analyses or tracking inventory through a warehouse needs to be analytical? Why or why not? • Would using artificial intelligence through computer programs give a non-analytical person an advantage? • Could a career in inventory management be the future for you? Why or…