A company would like to reduce the amount of lead time in some of their soldered electronics.How can the purchasing department contribute to this endeavor?
Q: Disscus benefits and risks of aggreting inventory in the supply chain . Include in the disscution an…
A: Aggregate inventory control maintains several individual products under each category.
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A: Discount Fares are fares that tend to have a smaller price tag, and are offered for a limited time…
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A: Regal has built a competitive and efficient supply chain in the production of the highest quality…
Q: What action steps would you follow to install the material management concept
A: Inventory management is the management in which stock is sourced, stored, and sell in the market…
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A: Factors that lead to rejection of potential suppliers:
Q: purchasing is believe to fulfil three major functions: Buy at a low price, ensure timely delivery…
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A: THE ANSWER IS AS BELOW:
Q: Is it true or false that a purchase order is legally binding once if is officially issued by the…
A: The purchase order is used for different reasons, 1) Clear expectations about the product that…
Q: What are the consequences for ensuring that any of the many sponsoring firms receives the best…
A: Sponsors provide money for merchandise and services that promote meetings, trade shows, teams, or…
Q: Please select the item that is NOT a cost associated with inventory Holding or carrying costs…
A: Inventory refers to the items which are needed by the firm for production process such as raw…
Q: Why is purchasing becoming increasingly involved in the purchase of transportation services and…
A: Transportation services- Transportation services help people to travel from one place to another…
Q: A purchasing agent need not worry about a tiny difference in price when a large quantity is being…
A: The purchase decision is the fourth stage of the consumer decision-making process, and it is when…
Q: Suppose you are E-commerce consultant in a multinational company. A company offers customers…
A: The buying and selling of goods and services and transferring of funds by using the internet are…
Q: The maximum legal price which the suppliers can charge for a particular good or service is known…
A: Pricing is difficult due to various market capabilities and pricing arrangements around the globe.…
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A: The above case describes a situation where an owner of the firm who applied for financial assistance…
Q: a. You are the coordinator of a nonprofit that distributes donated items to three local homeless…
A: As a coordinator, it is the responsibility of the coordinator to donate the items to the shelters in…
Q: What kinds of knowledge will a supplier provide that will be useful during the production of a new…
A: Suppliers are an essential component of any supply chain structure. Raw materials and other…
Q: One problem with business-to-business e-procurement is that it: Oa. increases transaction costs b.…
A: B2B e-procurement - It is a system in which the business transactions including acquisition, sale of…
Q: The electronics industry has often come under scrutiny due to: a.) Primarily high prices b.) Limited…
A: The electronics industry has often come under scrutiny due to: Option is (A) : Primarily high prices
Q: why is purchasing becoming increasingly involved in the purchase of transportation services and…
A: The purchasing process encompasses all the activities as shown below: Identification of user…
Q: Which of the following is NOT a way that supply chains add value? A supply chain includes companies…
A: The motivation behind supply chain is to enhance creation and dissemination. Contingent on the…
Q: Suppose you sign a contract with a supplier for $50,000 worth of tablet computers. You tell the…
A: Contractor are the one who are responsible for completing the task allotted to them in the…
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A: Humanitarian organizations assist people to relieve suffering in emergency situations. Development…
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A: Selling is the ultimate process for any organization through which it earns revenue and generate…
Q: What would a manager do if they noticed they received a damaged product after they signed the…
A: Shipping claims are important to be understood by both, the buyer and the vendor. Because for…
Q: What are the consequences for ensuring that each of the many sponsoring firms receives the maximum…
A: Sponsors provide money for merchandise and resources used to promote meetings, trade shows, teams,…
Q: Where does a customer who is unfamiliar with a certain supplier obtain then necessary information?
A: Supply chain can be described as the network which is created between the organization and its raw…
Q: A purchasing agent need not worry about a tiny difference in price when a large quantity is being…
A: Distribution implies dispersal and placement of goods and services at the right location for selling…
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: If a product in question has an insignificant cost, it might not be worth the trouble to trace the…
A: The given discussion talks about that in the event that an item being referred to has an…
Q: Which of the following would be a transaction file? customers Sales invoices. inventory suppliers
A: Transaction file are those records/data which are used to update the master data on real time basis.…
Q: To reduce the threat of entry in the manufacturing industry, should you invest in highly specialized…
A: Advantage of highly specialized production equipment: This type is equipment is specialized in the…
Q: What type of packaging system you would like to use in order to protect the quality of sausages?
A: Meat carcasses are handled and kept in most underdeveloped nations without or with relatively modest…
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A: Dell is a company based in united states of America, it is one of the biggest selling companies of…
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A: The price of a product influences customer purchase decisions. It is critical for a company to…
Q: Which of the following is true about mapping your full supply chain in order to identify…
A: The network includes the creation and product sales related to the organization, activity,…
Q: You are the managing Director of Mediconsult, a medical supplies company, located at Tema. Due to…
A: A business letter is a letter used to communicate within or outside the organization such as…
Q: How can purchasing make use of social networking software (e.g., Facebook and LinkedIn) to improve…
A: Social media is a very popular platform that is used to influence sales and expand brand…
Q: Which of these situations is likely to cause high bargaining power of suppliers? a.A few large…
A: Bargaining power is the ability to influence the other party to purchase or sell a particular…
Q: What action does the Purchasing Officer take on receiving the requisition for raw material
A: Purchasing officer is the person who is in charge of an organization or firm purchasing raw…
Q: Many researches have indicated that; if potential customers know more about the company and the…
A: In this manner a Potential Customer is somebody who is equipped for turning into a buyer of item and…
Q: Purchase and supply deal with both inbound and outbound products. Select one: a. False. b. True
A: Operation management in an organization aims at providing the highest efficiency possible. It…
Q: When it comes to purchasing on a social network such as Facebook, which already has access to a…
A: Anybody, including outsiders, can see whatever is posted as "public." However, there could be…
Q: A business marketer (who is a potential supplier) is keen to supply cold-rolled (CR) steel coils to…
A: Cost leadership is the process of having autonomy in providing the least cost. This refers to the…
A company would like to reduce the amount of lead time in some of their soldered electronics.
How can the purchasing department contribute to this endeavor?
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- The earnings of the organization can be considerably impacted by buyers and supply chain management. Anorganization may spend up to 50% of its sales revenue on the acquisition of goods and services, including rawmaterials.You are employed as a purchasing director at Food Lovers in Durban, South Africa. The selection of a supplier establishes the crucial issues that will determine whether the organization's procurement process is successful or unsuccessful.Critically examine how Food Lovers will detect which supplier is able to supply its requirements satisfactorily, bothstrategically and operationally in the short and long termYou work for shipping company ABC and your company is shipping 15 bottles of cylinders and 20 crates of lithium batteries. As the dangerous goods rep for your company what are your responsibilities? What are the possible markings required on the packaging for transportation?Is it true or false that a purchase order is legally binding once if is officially issued by the buyer to the supplier
- What is the purchasing procedure in e-commerce? Describe in detail using a diagram.How can a purchasing department influence the financial performance of a large manufacturer or a large retailerWhat would a manager do if they noticed they received a damaged product after they signed the delivery invoice and the driver left and what would the vendor do to correct this issue?
- Have you thought about a career in purchasing? All firms that carry inventory have purchasing departments that work with people inside their own company and suppliers to keep the right products on the shelves. See what you can find out about this career on the Web. You may wish to search for the American Purchasing SocietyDevelop a list of topics that nonpurchasing personnel should be allowed to talk about with their counterparts at suppliers. Develope a list of topics that only purchasing should be allowed to talk about with suppliers.Sometimes a company may need to purchase goods or services that are unique, very complex, and/or extremely expensive. These would not be routine purchases, but there may be a number of vendors that could supply what is needed. What process would be used to transmit the company’s needs to the available vendors, asking for a detailed response to the needs?
- Managing the risk of material misstatement in the purchasing process is critical. Identify two different industries and analyze how these risks differ from one industry to the other. Also, identify internal controls that could help to keep these misstatements to a minimum.What would it cost an insurance company to replace a family’s personal property that originally cost $105,000? The replacement costs for the items have increased by 14 percent.Kindly explain the significance of the rapid development and distribution of software in your own words. After delivering a product that was defective at the beginning, why would it make sense to supply freshly manufactured copies of the same thing?