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.)

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.)

MKTG 12:STUDENT ED.-TEXT

12th Edition

ISBN:9781337407595

Author:Lamb

Publisher:Lamb

Chapter13: Supply Chain Management And Marketing Channels

Section: Chapter Questions

Problem 2LO

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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…
In each of the following, name the term defined. Answersare listed at the bottom. A supply chain that must deal with high levels of both supply and demand uncertainty. In order to cope with high levels of supply uncertainty, a firm would use this strategy to reduce risk. Used to describe functions related to the flow of material in a supply chain. When a firm works with suppliers to look for opportunities to save money and benefit the environment. Refers to an estimate of the cost of an item that includes all costs related to the procurement and use of an item, including the costs of disposing of after its useful life.
You are a logistics manager of Medical Device Depot, Inc., located in Ellicott City, MD. Your job is to develop logistics solutions for your international customers. Now you receive an order about one unit of SR-130 Portable X-Ray System Based on the information of company webpage, this equipment has the value of $16,000 and its storage dimension is 26"W x 53" Lx 28"H. This customer is located in Shanghai, China. You may need to google or contact service providers to get quotes. You need to propose two transportation options including transit time and total costs. The two options are: 1) Air shipping: from Ellicott City, MD (BWI airport) to Shanghai, China (SHA airport); 2) Ocean shipping: from Ellicott City, MD (Port of Baltimore) to Shanghai, China (Port of Shanghai).
H-E-B has once again placed a limit on paper products — some of the most coveted necessities of 2020. On Saturday, the San Antonio-based grocery giant updated its list of product purchase limits. “Limits are a proven way to stabilize the supply chain and we utilize this temporary tool to prevent supply disruption which could impact availability,” Dya Campos, Director of Government and Public Affairs, told KSAT. Would you agree that H-E-B is trying to address a supply-side problem? Why or why not?
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?
H.B. Fuller Corporation illustrates how first-hand information gained through supplier visits plays a large part in narrowing the supply base. Latin America sourcing manager Roy Calderón of H.B. Fuller narrows down his list of suppliers by obtaining first-hand information. Whenever possible, that means touring supplier plants and interacting with the supplier’s staff. “I have a technical and manufacturing background, so I first try to understand the logistical and manufacturing capabilities of a supplier, as well as their quality assurance process and systems,” says Calderón. What he sees at a supplier’s plant helps him determine how much H.B. Fuller, headquartered in St. Paul, MN, can expect from that supplier in the way of consistent quality. Calderón scrutinizes the plant’s infrastructure as well as its production staff. “Morale and work environment is hard to put into hard numbers or dollars, but it needs to be part of a supplier’s intelligence profile,” he says. Though he…
HOW MANY SUPPLIERS ARE BEST FOR MANAGING RISK? Xiaotian Geng, president of Shanghai Manufacturing Corp., wants to create a portfolio of suppliersfor the motors used in her company’s products that will represent a reasonable balance between costsand risks. While she knows that the single-supplier approach has many potential benefits with respectto quality management and just-in-time production, she also worries about the risk of fires, natural disasters, or other catastrophes at supplier plants disrupting her firm’s performance. Based on histori-cal data and climate and geological forecasts, Xiaotian estimates the probability of a “super-event” that would negatively impact all suppliers simultaneously to be 0.5% (i.e., probability 5 0.005) during thesupply cycle. She further estimates the “unique-event” risk for any of the potential suppliers to be 4%(probability 5 .04). Assuming that the marginal cost of managing an additional supplier is $10,000, andthe financial loss incurred if a…
Major suppliers to the pharmaceutical firms are manufacturers of active pharmaceutical ingredients (APIs), which form a sub-sector of the chemical industry. The LEAST important driver of supplier power is: A. No substitute inputs. B. Importance of quality/cost. C. Player dispensability. D. Oligopoly threat. E. Differentiated input. F. Supplier size.
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…