Discuss the importance of each of the following: a. Matching supply and demand b. Managing a supply chain?
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Discuss the importance of each of the following: a. Matching supply and demand b. Managing a supply chain?
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- What is the relationship between Supply Chain Sustainability and Operations Planning and Scheduling? Does the organization use both together?What level of reliance should firms place on demand forecasting and supply chain management technologies? Why?Describe outsourcing methods, taking into account the complexities of the supply chain design. Furthermore, what is the appropriateness of outsourcing with regard to decision making and vertical integration, as these principles influence the management of the whole supply chain?
- 1. Is supply chain management the same as demand chain management? Why or why not?Consider the Amazon supply chain. Comment on Amazon's supply chain strategy, then referring to operations process and six drivers of supply chain, discuss the strategies that supply chain do well.In implementing supply chain strategy, a firm must minimize its total cost without compromising the needs of its ____?
- The IKEA Company uses the push-based strategy to maintain the relationship with thecustomers as well as collaborate with all the partners and the members of the IKEACompany. However, due to the supplies problem the relationship between a company andits customers is going to be loose and demand uncertainty is high, the supply chain needsto be managed based on realized demand. Therefore in push based strategy firstly weanalyse the need of the customer and then plan to make the outlet and design the productto meet the need of the customer.On the other hand, IKEA Company follows the supply chain strategy that is build to stock inwhich the customer segment is online and popular configuration and the product are based on small number of configuration designed for market with the large production size.Moreover, have the smooth production to cut the cost and have the stock due to massdistribution at multinational level and planning horizon is medium due to change theproduction level with some…The IKEA Company uses the push-based strategy to maintain the relationship with thecustomers as well as collaborate with all the partners and the members of the IKEACompany. However, due to the supplies problem the relationship between a company andits customers is going to be loose and demand uncertainty is high, the supply chain needsto be managed based on realized demand. Therefore in push based strategy firstly weanalyse the need of the customer and then plan to make the outlet and design the productto meet the need of the customer.On the other hand, IKEA Company follows the supply chain strategy that is build to stock inwhich the customer segment is online and popular configuration and the product are based on small number of configuration designed for market with the large production size.Moreover, have the smooth production to cut the cost and have the stock due to massdistribution at multinational level and planning horizon is medium due to change theproduction level with some…The IKEA Company uses the push-based strategy to maintain the relationship with thecustomers as well as collaborate with all the partners and the members of the IKEACompany. However, due to the supplies problem the relationship between a company andits customers is going to be loose and demand uncertainty is high, the supply chain needsto be managed based on realized demand. Therefore in push based strategy firstly weanalyse the need of the customer and then plan to make the outlet and design the productto meet the need of the customer.On the other hand, IKEA Company follows the supply chain strategy that is build to stock inwhich the customer segment is online and popular configuration and the product are based on small number of configuration designed for market with the large production size.Moreover, have the smooth production to cut the cost and have the stock due to massdistribution at multinational level and planning horizon is medium due to change theproduction level with some…