Develop a balanced scorecard for purchasing and supply at an agicultural equipment manufacturer. Explain how a balanced scorecard will be necessary for the successful implementation of the Smart Logistics Initiative.
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- Develop a balanced scorecard for purchasing and supply at an agicultural equipment manufacturer. Explain how a balanced scorecard will be necessary for the successful implementation of the Smart Logistics Initiative.
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?What problems does overcasting demand create within a supply chain? What problems does under forecasting demand create? What can a company do to resolve the problem of forecasting accuracy? Discuss the impact that current transportation issues may have on supply managers.
- Discuss forecasting requirements related to supply chain & logisticsDetermine the supply chain of an item that can be purchased through the Internet and identify a company that manufactures or retails this item. What revenue model is this company using for e-commerce?GCMMF (AMUL)-Managing Supply Chain to Align Customer Demands: Gujarat Cooperative Milk Marketing Federation (GCMMF) is the largest food products marketing organization in India. It is a state-level apex body of milk cooperatives in Gujarat, which aims to provide remunerative returns to farmers and also serves the interest of consumers by providing quality products and value for their money. It had Amul as the flagship brand, which is a market leader in milk products. The annual sales turnover GCMMF in 2019-2020 was Rs. 38,542 crores. The product mix includes bread spread, powder milk, cheese, dessert, health drink and fresh milk. The State Marketing Federation comprises of 17 dairies, 10,675 villages and 2.2 million milk producers in Gujarat State. The value chain of GCMMF consists of -Milk Production - 2.6 million Farmers Milk Collection - 1,27,92 Village Co-op Societies, Milk Processing - 13 Milk Processing Unions; Marketing - GCMMF Distribution - 3000 Distribution Points; Retail -…
- Discuss three major problems experienced by the management of Superview Company detailing how they could have been avoided.Following are some of the information on demand and costs of a mobile phone manufacturer: Monthly Sales for previous year were 10,000 Mobile Phones. Overall Market has grown at 15% from the previous year. The company uses a third-party storage solution for keeping its inventory. The charges are Rs. 100/unit. For procuring the raw material company relies on a contractor which provides them a one stop solution and charges Rs. 3000 per order. The actual cost of the raw material is approximately 7000/unit. Using the above given information answer the following questions? What is the Economic Order Quantity for the company? If a working year is 300 days find out how many orders the company will place for the current year and what would the gap between two orders? What will be the total cost of inventory policy for the company? If the delivery lead time for receiving the order is 20 days what should be the reorder point for the company?Firms are required to make appropriate decisions relating to the flow of information, products and funds for effective supply chain management. Each of these decisions are associated with generating supply chain surplus.On the basis of online data availability, select any organization and analyze its supply chain strategy, planning and operation decisions that it has made
- Firms are required to make appropriate decisions relating to the flow of information, products and funds for effective supply chain management. Each of these decisions are associated with generating supply chain surplus. On the basis of online data availability, select any organization and analyze its supply chain strategy, planning and operation decisions that it has made.As the vice president of a supply chain, you have been tasked to design the transportation network. It is expected that customers will typically order products in small lots. The selected design must provide lower transportation costs and lower inventories. a. Recommend the most appropriate transportation network design under the circumstances. b. Describe the design with the aid of a diagram. c. Justify the transportation network design recommended. d. What problems do you envisage with your recommended design solution? e. How can technology be used to tackle the problem(s) envisaged in question “d” and improve transportation performance?Becky is in charge of supply chain management for her company. In this role, she is responsible for Multiple Choice organizing retail space design. projecting sales prior to each quarter. overseeing customer service. calculating cost of goods sold. integrating suppliers, stores, and transportation companies.