Describe the variables that are measured on the supply side and the demand side..
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Describe the variables that are measured on the supply side and the demand side..
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- suppose your business is rental cloth collection, explain specifically the markets competitive advantage in the market place and how it will compete against more established competitors.Explain the term Purchasing officers?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 term
- What can be the performance indices for a purchasing department of an organization? How can a purchasing manager monitor them? What are the advantages of defining such performance indices? Include examples for each part of this questionWhat is dependent demand? And independent demand?What role do you foresee analytics having in the future of supply chain management?
- Could you please answer this statement from the perspective of 'it depends': Savings in the supply chain exert more leverage as the firm`s net profit margin decreases.Explain the term value chain and how it is different from supply chain and explain the importance of Supply chain to cost managementI) WHY is the purchasing function experiencing an increase in strategic importance? ii) Which competitive priorities, i.e., cost, quality, cycle time, and flexibility, does purchasing function affect?