Explain the issue of downsizing the purchasing department .advantages & disadvantages. When it can be used. Give examples in the world-wide.
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- I) 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?Explain how might an executive comments to wall street analyst affect demand forecast, and what are the consequences of doing so ?Welcome, we’ll give you a couple more weeks to develop an action plan to deal with these problems. Monday, 10:30 a.m. Mike Cooney, Chief Financial Officer (CFO) Bring your perspective as a Total Rewards Manager as you read through the scenarios and analyze what to do. “We operate in a narrow niche market. We have to maintain a price advantage over the true custom manufacturers, or our customers will have no reason not to take advantage of the wider choices and individualized solutions. This means that efficiency of operations is our primary competitive advantage. If we lose that operating cost advantage, our business plan collapses like a house of cards. “We cannot produce at the incredibly low-cost level maintained by the mass market manufacturers. We would not get costs that low even if we mimicked their limited product lines and quality levels. We compete with them by creating styles and options that they don’t offer. Finding the balance between production costs and proliferation of…
- can you tell me how to calculate the costs in excel for a t-shirt factory and the sale of this product, with imaginary figures that are consistent with reality. taking into account these parameters: - Fixed costs - Variable costs - Direct costs - Indirect costs - Price - Utility - Margin - Worth - Willingness to pay MP = Raw Material MO = Labor CIF = Indirect Manufacturing Cost Margin / Profit = it can be a certain percentage or better a flexible one calculated based on the willingness to pay VAT (value added tax) = 19% Selling price = price paid by the customerHow Competitive Strategy and Competitive Forces are related with MIS and How MIS use it to draw decisions or help managers to take decisions, Explain with suitable exampleswhat is ikea balance scorecard?
- Lever Age pays an 9% rate of interest on $9.10 million of outstanding debt with face value $9.1 million. The firm’s EBIT was $2.9 million. What is its times interest earned? Note: Round your answer to 2 decimal places. If depreciation is $110,000, what is its cash coverage ratio? Note: Round your answer to 2 decimal places.1. Why do you think the customer is always right? 2. Give 5 example of macro economics and micro economics.What is the purchasing and supply strategy?
- The owners would like to know what reasons caused the current performance of the company and ask your opinion. Through review of the complete records you were able to obtain this additional information: (1) The selling price for every unit is P7.20 during 2018 and; (2) The marketing department did a tremendous job and was able to increase sales units by 20% during 2019. The increase (decrease) in gross profit because of the change in units sold is:1. he primary types of budgets include: A. Divisional, operational, and organizational B. Capital and operational C. Strategic, capital, and operational D. Zero-based, strategic, and capital 2. A company has: A. Internal and external customers B. External customers only C. Internal customers only D. None of these 3. ________ means customers believe they are getting a good deal for the price they've paid for a product. A. Value B. Achievement C. Dealing D. Qualitya) As Andrew Baines, what action would you take to solve the problems in the purchasing-marketing relationship?