Outline the purpose of the three levels of management within the context of the purchasing and supply chain function.
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- Essentially, the planning of the purchasing and supply chain function entailsmanaging the function for the future. Outline the purpose of the three levels of management within the context of the purchasing and supply chain function. (10)Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer's demand over an 8-week period was 90 units each of the first 2 weeks, 220 units each of the second 2 weeks, 280 units each of the third 2 weeks, and 400 units each of the fourth 2 weeks. The following table presents the orders placed by each firm in the supply chain. Notice, as is often the case in supply chains due to economies of scale, that total units are the same in each case, but firms further up the supply chain (away from the retailer) place larger, less frequent, orders. Week Retailer Manufacturer Supplier1 90 180 6202 90 0 03 220 440 04 220 0 05 280 560 1,3606 280 0 07 400 800 08 400 0 0 a) What is the bullwhip measure for the retailer? The bullwhip measure for the retailer is ??? (Enter your response rounded to two decimal places.) b) What is the bullwhip measure for the…Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer's demand over an 8-week period was 110 units each of the first 2 weeks, 220 units each of the second 2 weeks, 280 units each of the third 2 weeks, and 400 units each of the fourth 2 weeks. The following table presents the orders placed by each firm in the supply chain. Notice, as is often the case in supply chains due to economies of scale, that total units are the same in each case, but firms further up the supply chain (away from the retailer) place larger, lessfrequent, orders. Week Retailer Manufacturer Supplier 1 110 220 660 2 110 3 220 440 4 220 5 280 560 1360 6 280 7 400 800 8…
- Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer's demand over an 8-week period was 110 units each of the first 2 weeks, 190 units each of the second 2 weeks, 310 units each of the third 2 weeks, and 400 units each of the fourth 2 weeks. The following table presents the orders placed by each firm in the supply chain. Notice, as is often the case in supply chains due to economies of scale, that total units are the same in each case, but firms further up the supply chain (away from the retailer) place larger, lessfrequent, orders. WEEK RETAILER MANUFACTURER SUPPLIER 1 110 220 600 2 110 3 190 380 4 190 5 310 620 1420 6 310 7 400 800 8 400 a) What is the bullwhip measure for the retailer? The bullwhip measure for the retailer is ______. (Enter your response rounded to two decimal places.) b) What is the bullwhip measure for the manufacturer? The bullwhip measure for the…As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Selling Price Variable Cost % of Revenue Soft Drink $1.20 $0.70 24 Wine $2.00 $1.00 26 Coffee $1.00 $0.35 30 Candy $0.75 $0.30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $250.00 (5 booths with 3 people each). Even if nothing is sold, your labor cost will be $250.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $80.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in…Duscuss the purchasing department's primary goals are of the following: To locate suppliers that can provide goods and services in accordance with the buyer's requirements. To buy items that meet the quality specifications of the buyer. To create a stream of deliveries into the buyer's premises that minimize the raw materials inventory investment while still ensuring that goods are available as needed. To minimize the amount of cash invested in inventory.
- Which of the following is NOT an objective of sales and operations planning? Establish greater accountability for individual plans developed by the various functional groups. Coordinate supply chain partners. Develop a maximum cost strategy for effectively meeting demands. Establish communication among various stakeholders, including finance, marketing, production, and suppliers.Companies must chase the objective of matiching supply with demand in order to boost their overall performance. This objective is fully achieved when; A. Costs are minimised while lead time are maxiimised in the supply chain B. Costs are maximised while lead times ar minimised in supply chain C.Costs and lead times are maximesed in the supply chain D. Costs and lead times are minimised in the supply chainRephrase the following supply chain thesis with synonyms.. According to Talib et al. (2011), total quality management (TQM) has been widely accepted as the management process that helps organizations within different sectors to deal with the rapid changes in business environment. Escrig-Tena (2004) recognized that TQM is an globally advanced approach to achieve better levels of quality products and services which, in turn, results in better organizational performance. However, reviewing recent TQM literature highlights two problematic issues regarding the relationship between TQM practices implementation and organizational performance: First, the differences between manufacturing and service organizations with respect to the effect of quality management practices on business performance (Rönnbäck and Witell, 2008). Yasin et al. (2004) and Gupta et al. (2005) noted that implementing TQM practices in service industries is not always as successful as they are in manufacturing…
- The purchasing department is responsiblefor procuring raw materials and other resources at the best possibleprice. In relation to the above, and with the aid of examples, discuss thefunctions of the purchasing management."Merchandise, raw materials and in-process or finished goods" is the Building and Personal Property Coverage Form's (BPP) definition for which one of the following? Stock Inventory Contents Business personal propertySupply chain orientation is process and strategy oriented .Select one:a. False.b. True.