35. Evaluate this procurement scenario and formulate an ethical response: Sam Johnson, the rep from XYZ Vending Company, calls and offers you tickets to this weekend's baseball game. In exchange he would like to have you taste-test a new product line.
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- Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. True2 ) While design for manufacturing often focuses on aspects of product fabrication, this type of analysis addresses many processes that can affect the supply chain. Explain how each of the factors of “Design for Manufacturing” can impact onthe supply chain process of Whirlpool Corporation. Note this is not an essay question.Existing case study online: The Impact of Standards on Corporate Renewable Energy Procurement: A CaseStudy with Bank of America and Green-e Energy What are the possible Highlights and insights or critical points, Specify how SDG 6 is incorporated into the existing case study, and lastly what are the detailed sustainability program and its impact on the society, environment etc. Not graded
- How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types and requisitions required for any new setup?1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly…From the internal of reverse logistics system, research has shown top management support,formalisation, flexibility, information system and collaboration will influence firm performance. Doyou agree?
- In a procurement strategy, when does the Kraljic matrix work and when does it doesn’tCorey spent the month of December talking to various suppliers in order to figure out how much all of the components of his business would cost. He added cost information to the information in the table below. Equipment, Materials and other Costs Cost Standard per Statue Resin Molds $2,500 n/a Processing Machine $5,000 n/a Packaging Machine $2,000 n/a Golden Wolves Logo T-shirts $75 for 100 1 Resin $100 for 25 pounds 1 lb for small statues and 2 lbs for large statues Small Packaging box $12.50 for 50 boxes 1 box Large Packaging box $20 for 50 boxes 1 box Business Licenses $200/year Rent $600/month IPad Point of Sale System $1,000 Point of Sale Software $30/month Utilities (gas, electric and water) $60/month Business Cell Phone $80/month Salary – Corey $500/month Carl’s Pay $10/hour 20 minutes per statue Julie’s Pay $10/hour 5 minutes…How is the source at Ashley furniture? Source:It includes the selection of suppliers that will deliver the goods and services to create the company's product.
- (1) The management of the bill of materials must be owned by the design team triggered by the purchasing team managed by a systemized unification of tools managed by the production manager (2) Which of the following does a bill of materials include? (Select all that apply.) list of suppliers list of raw materials for the product list of all ingredients needed to build a product list of all packaging needsHahn Manufacturing purchases a key component of one ofits products from a local supplier. The current purchase priceis $1,500 per unit. Efforts to standardize parts succeededto the point that this same component can now be used infive different products. Annual component usage should in-crease from 150 to 750 units. Management wonders whetherit is time to make the component in-house rather than tocontinue buying it from the supplier. Fixed costs would in-crease by about $40,000 per year for the new equipment andtooling needed. The cost of raw materials and variable over-head would be about $1,100 per unit, and labor costs wouldbe $300 per unit produced.a. Should Hahn make rather than buy?b. What is the break-even quantity?c. What other considerations might be important?To appoint the right suppliers, analysis on the suppliers’ ability to meet satisfactory quality, delivery, quantity, price or cost, and service should be done. They also should achieve other criteria to strengthen their efficiency too. Elaborate any four (4) criteria to be fulfilled.