Which of the following is NOT done by the purchasing department: Select one: a. Taking care of the transportation of the goods from the suppliers b. Developing new sources of supply and improving existing ones c. Identifying materials for new prodcut development d. Providing professional training to employees
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- Of the following, which is a major drawback to using production contracts as part of a vertically integrated supply system? A. Supply chain efficiency B. Capturing additional margins C. A means of addressing "holdup" in a market D. Limited decision-making ability of the producerNo written by hand solution The questions below refer to the following SAME paragraph: Suppose a retailer Mojo, holds safety stock for an item to accommodate a 98% service level with uncertain demand. There are two supply options: Supplier X taking 5 days to deliver replenishments, and Supplier Y taking 3 days to replenish. Both suppliers charge the same price for the item. Ignoring differences in fixed order costs, the retailer should choose: Group of answer choices Supplier X Option Y only if the critical ratio is less than 0.9 Option X only if the critical ratio is greater than 0.9 Supplier Y1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly…
- Delivery of goods from a supplier is in transit for 10 days. If annual demand is 5200 units, what is the average amount of inventory in transit?Characterize the following decision as either tactical or strategic: Which tier 1 suppliershould be used for a particular component system?a. Tactical b. StrategicDescribe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?
- To appoint the right suppliers, analysis on the suppliers’ ability to meet satisfactory quality, delivery, quantity, price or cost, and service should be done. They also should achieve other criteria to strengthen their efficiency too. Elaborate any four (4) criteria to be fulfilled.For the Stock Management process, describe the IT software that might be used by the Procurement Department (Purchasing) in order to determine which goods and what quantity of them are required by the shop. Explain the Business process and how the selected software can support it. What would be the advantages/disadvantages?In each of the following, name the term defined. Answersare listed at the bottom.1. This refers to how common an item is or how many substitutes might be available.2. When a customer allows the supplier to manage inventory policy for an item or group of items.3. A phenomenon characterized by increased variation in order as we move from the customer to the manufacturer in the supply chain.4. Products that satisfy basic needs and do not change much over time.5. Products with short life cycles and typically high-profit margins.
- Given the information provided below, what are the procurement, oversight, transportation, order cycle inventory, pipeline inventory costs, and total supply chain costs for using the supplier Ebert, Inc. Ebert manufactures small speakers for automobiles in its factory in the Philippines. The order size is Q= 7,000 units and the supply chain operates 300 days a year. Do not round intermediate calculations. Round your answers to the nearest dollar. CertifiedSupplier AnnualDemand (D) Price perUnit (P) OversightCost perUnit (O) Transport Costper Unit (Ct ) Order Cost(Co ) Cost toStore OneUnit OneYear (Ch ) Order LeadTime inDays (L) Elbert, Inc. 224,000 $6.99 $0.22 $2.38 $140 $5.39 55 Procurement cost: $ Oversight cost: $ Transportation cost: $ Order cycle cost: $ Inventory holding cost: $ Pipeline invenory cost: $ Total supply chain costs: $1.Upstream supply chain members are A. retailers B. manufacturers C. end-use customers D. suppliers 2.The integrated group of business processes that form a supply chain are A. marketing, manufacturing and finance B. procurement, production and distribution C. manufacturing and service D. demand, value, and quality 3.The bullwhip effect occurs when A. slight to moderate demand variability becomes magnified as demand information is transmitted back upstream. B. slight to moderate demand variability becomes magnified as supply information is transmitted back upstream. C. slight to moderate demand variability becomes magnified as demand information is transmitted back downstream. D. slight to moderate demand variability becomes magnified as supply information is transmitted back downstream. 4.The key element in achieving supply chain integration is A. quality management B. ISO certification C. information technology D. EDI 5.A disadvantage of RFID technology that has hindered its…In each of the following, name the term defined. Answersare listed at the bottom. A supply chain that must deal with high levels of both supply and demand uncertainty. In order to cope with high levels of supply uncertainty, a firm would use this strategy to reduce risk. Used to describe functions related to the flow of material in a supply chain. When a firm works with suppliers to look for opportunities to save money and benefit the environment. Refers to an estimate of the cost of an item that includes all costs related to the procurement and use of an item, including the costs of disposing of after its useful life.