As a student of Procurement and Logistics management, discuss 5 reasons why we should study Financial Accounting
Q: When it comes to executing an indirect spend procurement plan, why is it so important to have senior…
A: Frequently, organizations seeking to integrate hope to gain a competitive advantage by managing…
Q: Based on the above information and your study, please outline arguments supporting and opposing a…
A: Business Process Outsourcing refers to the process or strategy where the large business houses…
Q: Discuss the advantages and disadvantages of using e-commerce in the procurement process.
A: E-Procurement refers to the use of technological skills necessary for the conduct of procurement and…
Q: Discuss the raw materials required for production- inbound logistics of pepciCo supply chain
A: Pepsi is a carbonated soft drink manufactured by PepsiCo with multiple variants.
Q: From operational perspective, yield management is most effective when: > Inventory is perishable >…
A: Yield Management is a pricing strategy used by enterprises in the aviation, hotel, and other…
Q: erm, logistics refers to a set of activities that closes the gap between production of…
A: In inventory management and corporate strategy in general, the supply chain is important. An…
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 the different types of e-commerce business models available for procurement and point out…
A: The four basic types of e-commerce business model are mentioned below.
Q: How the Walmart company use FiFo and Lifo in warehouse management?When they use this 2 method ?…
A: The Company esteems inventories at the lower of cost or not really set in stone essentially by the…
Q: Food for thought Take a look at our medical services project. What steps would you take when…
A: Procurement - The technique which is related with the streamline with the procurement which is…
Q: Outsourcing is a good way for an organization to concentrate on core activities, whilst freeing up…
A: When a business firm or a company asks and hires an external company to perform some of their…
Q: Why is it possible that using inventory turnover ratios to compare the inventory output of companies…
A: The inventory turnover ratio is a measurement of how many times a product's inventory is sold and…
Q: Choose any company from Oman and write about their inventory management system and how they handle…
A: Inventory management is a systematic approach to sourcing, storing, and selling inventory- both raw…
Q: Analyze the effectiveness of RFID and ERP systems in the perspectives of internal integration,…
A: Supply chain make sure the right product will reach the right customer with the genuine price and…
Q: Why most of the warehouses are located on the outskirts of cities?
A: Retailers are people who purchase goods in small quantities from the wholesalers and sell them to…
Q: Illustrate how the procurement processflow? Discuss the advantages and disadvantages on online…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: what are the steps of handling daily transactions and requirements with banks for a logistics…
A: A transaction is a simple task carried out as part of corporate operations. Transaction processing…
Q: Holding safety stock inventory in one central location rather than in multiple locations is called:…
A: Safety stock inventory can be defined as the stock of additional goods that are kept in the…
Q: Create a general diagram of the supply chain that illustrates the various components of the system.…
A: Supply chain management is a wide field that includes all the processes from source to destination.…
Q: if a company wants to keep the holding of stocks as close to the start of the logistics chain , what…
A: The holding of stock can be defined as a term that means neither buying the stock nor using the…
Q: The supply managers must design a flexible logistic system
A: The necessity of Supply chain management arises when the organization wants to keep a track on the…
Q: Explain what is the relationship and importance of inventory to logistics
A: Using information, commodities, and services first with a source to place to meet customers' needs…
Q: Federal Express enters into contracts with independent truck operators who offer FedEx service and…
A: Here we can see that the important aspect is the outsourcing of service. Outsourcing is the business…
Q: Choose any company and write about their inventory management system and how they are handling their…
A: Organization History. Macintosh Computers, Inc. was established on April 1, 1976, by school dropouts…
Q: Take a look at our medical services project. What steps would you take when controlling procurements
A: Control Procurement: It is the process of managing procurement relationships; monitoring contract…
Q: What procurement choices are appropriate for transportation software?Why does a business pursue any…
A: Transportation software has a number of capabilities that help in transportation preparation and…
Q: IKEA's major outputs of order management, how they are measured, and how their financial impacts on…
A: IKEA is a Swedish-founded multinational company,which designs and sell ready-to-assemble furniture…
Q: Warehouse management plays a strategic role in the overall supply chain process. Effective…
A: Warehousing involves all the activities that are required in storing goods between the time when…
Q: In each of the following, name the term defined. Answers are listed at the bottom.1. This is the art…
A: Correct answer: Logistics. Explanation: Logistics is the science that deals with the distribution of…
Q: You are the Procurement Manager of the Caribbean Maritime University. The University needs to…
A: The procurement manager is a key role in any organization and is responsible for the purchase of…
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: If a company uses EOQ and SEOQ, how do they work with these when it comes to transportation costs?
A: Economic order quantity (EOQ) and Standard Economic Order Quantity (SEOQ) refers to the best…
Q: Corporations and public bodies often define procurement processes intended to promote fair and open…
A: The answer is as below:
Q: The Logistics Scoreboard
A: A Logistic Score Board is a technique that is used by the logistic Department in order the measure…
Q: Vendor selection is a process that allows clearly stating, defining and approving those vendors…
A: Vendor Selection is part of Procurement/ Supply chain Management Topic, Hence, This question falls…
Q: Maintaining and developing contacts with new suppliers is known as ___________: Select one: a.…
A: Operation management in an organization aims at providing the highest efficiency possible. It…
Q: For the Stock Management process, describe the IT software that might be used by the Procurement…
A: Business includes various activities that are associated with the buying, producing, distributing,…
Q: Purchasing and supply management is an integrated part of an organisation. Select a corporate…
A: Controlling the full production flow of goods or services is known as supply chain management. Raw…
Q: Describe and explain the procurement process.
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: There are various challenges that may affect a project whose procurement activities are well…
A: 1. Procurement can be defined as the process of purchasing products and services that a project or…
Q: y advantages an
A: Procurement Methods include incorporating serious offering, serious proposition, demands for…
Q: ○ Based on the above information and your study, please outline arguments supporting and opposing a…
A: Business- Process Outsourcing (BPO) is said to be practiced in organizations where the company signs…
Q: Compare and contrast the two models when companies use drop shippers or third party service…
A: We can say that where a dropshipping business model, the drop shipper will handle your company’s…
Q: The table below shows a snapshot transaction of an apparel store. Rely on this table below to…
A: Introduction -This table gives the details about the different combination of transaction items…
Q: The annual inventory requirement at the C &E Enterprises is P2,500 units. Each inventory item has a…
A: Answer: For solving the question, we have the following information- The annual inventory…
Q: The word "full-service provider" may be associated with a few different meanings. What are the…
A: It's possible that full-service providers are the best option for expanding businesses. They provide…
Q: Explain how a cutting edge WMS (Warehouse Management System) may help a company.
A: A warehouse management system (WMS) is a software program that aids in the control and…
As a student of Procurement and Logistics management, discuss 5 reasons why we should study Financial Accounting
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- 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…As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. 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 bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?Prepare an essay not exceeding two pages to explain to a top procurement and logistics manager the subject of insurance; What it is, how it can be used by his/her organization to improve its outcomes and the challenges faced in employing it for risk management.
- "Whereas procurement & logistics management is increasingly being used as a source of competitive advantages among organizations today, the functions face enormous challenges'. Examine the statement with relevant examples i need more details'Whereas procurement & logistics management is increasingly being used as a source of competitive advantages among organizations today, the functions face enormous challenges'. Examine the statement with relevant examplesOne of the often mentioned advantages of third-party logistics suppliers is their capacity to deliver essential output and operational details.Explain what this sentence means.
- he company’s focus is on growth based on, “its holy trinity of price, selection, and availability,” as explained by former Amazon executive John Rossman in his book The Amazon Way. One of the company’s strengths is that they built their own supply chain management tools from the ground up. As a result, they were able to build a system where communication in real time is standard practice and making adjustments is inherently part of the way the system works. While other big box giants and mega superstore companies are scrambling to retrofit outdated and disjointed IT, Amazon is efficiently zipping ahead of the competition. Communication in real time means convenience for customers. Orders can be filled and shipped from a variety of locations to maximize efficiency and customer satisfaction. When a process is deemed no longer relevant it is abandoned for more responsive solutions.Of course, few companies have the supply chain budget of companies like Amazon and FedEx, but the strategies…As a supply chain and logistics management student, you have completed key aspects of the discipline throughout your qualification, namely, management, logistics, procurement, sustainability, warehouse and inventory management. This question requires you to reflect on your knowledge and understanding of transportation management as a component of supply chain management. You are required to write a one-page report where you reflect on: Your experience of learning the discipline of transportation management. Which areas of this module did you find most interesting to learn about? Have you learned anything interesting from a SADC perspective? Which areas of this module did you find most challenging to learn about? Why? What are some of the skills you have learned thus far (i.e., reflection, critical thinking, technology, artificial intelligence – or any other) that you believe will be able to assist you once you have graduated? In your opinion, based on what you have learned, do…As a supply chain and logistics management student, you have completed key aspects of the discipline throughout your qualification, namely, management, logistics, procurement, sustainability, warehouse and inventory management. This question requires you to reflect on your knowledge and understanding of transportation management as a component of supply chain management. You are required to write a one-page report where you reflect on: • Your experience of learning the discipline of transportation management. Which areas of this module did you find most interesting to learn about? Have you learned anything interesting from a SADC perspective? • Which areas of this module did you find most challenging to learn about? Why? • What are some of the skills you have learned thus far (i.e., reflection, critical thinking, technology, artificial intelligence – or any other) that you believe will be able to assist you once you have graduated? • In your opinion, based on what you have learned, do…
- How the Walmart company use FiFo and Lifo in warehouse management?When they use this 2 method ? Please provide explanation and example.what are the steps of handling daily transactions and requirements with banks for a logistics companyHow can inventory flow diagrams be useful to a logistics manager?