Distinguish between supplier audits and supplier scorecards.When should each be used?
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Q: Explain what should an effective supplier quality manual contains ?
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A: Below is the solution:-
Q: Explain supplier selection strategies with examples?
A: First and foremost, put the people first. A successful transition from alone claim to fame producer…
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A: A systematic and organized approach that defines what is needed and wanted from a supplier. It is a…
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Distinguish between supplier audits and supplier scorecards.
When should each be used?
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- You are the management accountant for a small company that makes and distributes picante sauce. You’ve been asked to prepare a presentation that will illustrate the company’s value chain. a. What activities or types of companies would you include in the upstream (supplier) part of the value chain? b. What activities would you include in the internal value chain? c. What activities or types of companies would you include in the downstream (distribution and retailing) part of the value chain? Need Proper explanationDiscuss the importance of the P2P to both the supplier including the impact on the relationship. Do you have an example of the P2P systems not working as it should in your own purchasing history?Why should a procurement professional conduct a supplier audit now?
- Which of the following statements about supply chain coordination contracts is TRUE? A A risk-averse business owner should enter a revenue-sharing rather than a buy-back contract. B The supplier faces increased overhead costs in a revenue-sharing contract. C Products with a short peak demand period should enter a buy-back contract rather than a revenue-sharing contract. D Buy-back contracts usually work more efficiently than revenue-sharing contracts.Where would a customer who has no prior contact with a particular supplier go to get the details they need?why are Certified suppliers necessary to ensure that suppliers havea good quality system in place for the ongoing production of products or services?