Question 1 Discuss the development of the buyer/supplier relationship in an increasingly competitive and sophisticated commercial environment. required Define and Analyze Benefits of Buyer/Supplier
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Question 1
Discuss the development of the buyer/supplier relationship in an increasingly competitive and sophisticated commercial environment.
required
Define and Analyze Benefits of Buyer/Supplier
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- QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only faces underage risk. Supplier faces both underage and overage risks. Suppliers tend to produce less than the supply chain optimal quantity. The retailer has to purchase at least the quantity it reports to the supplier. QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT? The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time. The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May. The firm should source from a combination of one faraway supplier and one close-by…QUESTION 1. The CEO of Talk Ltd, Ms Andi, has made an observation about the pricing of products and seeks youradvice as the organisations Management Accountant. Ms Andi has noticed that despite three steepprice increases to products over the last 12 months, customers have not been deterred and sales arestronger than ever before. Explain to the CEO Ms Andi why this could be the case.QUESTION 7 In sourcing, variable costs include: a All costs associated with an item except for the price paid for the product. b All costs associated with shipping an item c All costs associated with an item. d All costs associated with storing an item
- Question 1 Eskom brings in former employees, manufacturers to deal with crisisEskom, which readily concedes it does not have the skills to maintain its plants, is on a drive to bring back former employees to mentor and train staff. It is also, at last, bringing in the original equipment manufacturers (OEMs) to conduct maintenance on parts of its plants where its own engineers and artisans are having difficulty. This has previously been difficult due to red tape around public procurement. Eskom's chief executive André de Ruyter and chief operations officer Jan Oberholzer are frank about Eskom's lack of capacity, which is a large part of the downward trend in the performance of its generating units. Unscheduled breakdowns, which cause load shedding, have been on an upward trend for a decade. In 2011, for instance, Eskom's energy availability factor – which is the proportion of its plant available to dispatch energy – was 84.5%. By 2020, this had fallen to 66.6%, and now sits at 56%.While…Question 3 Dr. Peter Kraljic claims that there is no single best way existed for managing purchasing in allcircumstances. He proposed “Kraljic Purchasing Portfolio model”. Elaburate the FOUR (4)Purchasing Portfolio with suitable examples answer should be elaborated with proper examples.Required information Skip to question George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company’s products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total Etching Cost 1 9 $ 21 2 12 25 3 13 30 4 9 20 5 11 25 6 18 34 72 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bX.
- QUESTION 4Procurement is one of the key activities in supply chain. Discuss any FOUR (4) objectives ofprocurement.Question 4Haosan Memorial Park Malaysia (HMPM) is one of the largest bereavement care service providers inMalaysia. HMPM offers premium quality burial plots, tomb designs and construction services in terms oflandscaping, materials, site maintenance, amenities and funeral services. As a result of all these efforts,HMPM is the most recognised brand name in terms of professionalism, trustworthiness, products andfacility maintenance in the bereavement care services industry in Malaysia.(a) Discuss the different types of consumer products. Which type of consumer product doesHMPM’s products and services likely belongs to?Question2. Describe the options that McDonald’s and its suppliers can pursue to overcome the challenges of French Fries Supply Chain.
- QUESTION 2 In the airline market, vacation-traveler customers have a more elastic demand than business-traveler customers, although the marginal cost of serving either type of customer is the same. If the airline companies engage in price discrimination, which customers end up paying a higher price? Vacation-traveler customers. Prices will be the same because the marginal costs are the same. There is not enough information to answer. We also need to know the average cost of serving each type of customer. Business-traveler customers. QUESTION 3 A seller engages in price discrimination by market segment. Morning customers have a price elasticity of demand E = -2, while evening customers have a price elasticity of demand E = -3. The MC of selling to both groups is the same and constant at $100. Therefore: morning customers will pay P=$400, while evening customers will pay $300. morning customers will pay P=$400, while evening…E-procurement Module Question 1 Mark is thinking of changing the entire business process by adopting the use of technology as it is the new trend in the business environment. He is inspired by a close friend who has been able to reduce the time spent at work and greater efficiency in operations. However, Mark has fear that adoption of e-procurement might not be an easy task for his new business. Advice Mark on the benefits associated with adoption of e-procurement that will help him overcome the fear. Explore challenges that Mark may be exposed to by adopting and implementing e-procurement.QUESTION TWO (a) Define the following terms, Brand identity, Brand equity, and Brand management