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- INTERNATIONAL PROCUREMENTCASE STUDY - THE PROTECTIVE EQUIPMENT COMPANYIntroductionThe Protective Equipment Company (PEC) is a medium-sized enterprise in the private sector. PEC manufactures and sells a range of protective work-wear and equipment which is designed to withstand the most hazardous working conditions. The products are made to extremely high quality standards and PEC constantly updates its products to reflect different operating environments and health and safety at work requirements. New product development is often focused primarily on technical excellence rather than profitability.Procurement ActivitiesThe current buyer at PEC has been in the position for six months having been promoted from purchasing assistant when the previous buyer retired. Due to her limited experience combined with the complexity of the product range and the need for high levels of quality, she has found it difficult to influence sourcing strategy. Formal procurement procedures and systems at PEC…Read the following text, and write a short title (1 - 3 words) which states the main topic The brand consultancy Interbrand publishes an annual list of the Best Global Brands, which shows that the worth of a brand can be much greater than a company's physical assets. For example, in the early 2000s, the value of the top ranked brand, Coca-Cola, was calculated at over $70 billion. Consequently, a company's market value (the combined price of all its shares) can be much greater than its book value - the recorded value of its tangible assets such as buildings and machinery. Brand value largely comes from customer loyalty: the existence of customers who will continue to buy the products.Hewlett-Packard puts integrated marketing communications to work in its business to business markets. H-P uses a closely coordinated mix of advertising, event marketing, direct marketing and personal selling to sell workstations to high-level corporate buyers. At the broadest level, corporate image television ads, coupled with targeted ads in trade magazines, position H-P as a supplier of high quality solutions to customer’s work-station problems. Beneath this broad advertising umbrella, H-P then uses direct marketing to polish its image, update its customer database and generate leads for the sales force. Finally, company sales reps follow up to close sales and build customer relationships. H-P’s highly successful program of Interactive audio teleconferences illustrates the company’s mastery of integrated communications. These teleconferences are like mammoth conference calls in which H-P representatives discuss key industry issues and H-P practices with current and potential…
- SLO 10.2. Invoice clearance and payment procedures: Are best performed by the user or specifierAre the same for goods and servicesAre most effective when performed by a person in accounts payableMay be streamlined with an invoice-less system within an e-procurement systemMay stipulate dropping a supplier if a variance exceeds a set amount NEWSLO 10.3. Information systems technology can: Increase data accessibility and transmission speed, but increases costsEnable system integration across functions, but not data accuracyIncrease data accuracy and accessibility at lower costEnable speedier communication internally, but not externally with suppliersEnable system integration, but increases time spent on tactical issues1.A market will usually be more difficult to enter if there is? a.Patented or proprietary know-how b.Low brand loyalty c.Wide access to distribution channels d.Common technology 2.Which of these situations is likely to cause high bargaining power of suppliers? a.A few large suppliers dominate the market supply b.Many alternative sources of supply c.Resource inputs are not essential to product quality d. Many customers with low brand loyalty 3.Which of these situations is likely to cause high bargaining power of customers? a.A large number of customers b.Full access to information c.The product is differentiated d.None of the foregoingAy 1 - mcq Company X and Company Y Ahrens Vitamins. Inc., have high market commonality, both geographically and in the market segments in which they compete. Company X, the number two firm in the industry, has undertaken a major strategic attack upon Company Y, the market leader. Which of the following statements is MOST likely to be true? A. Company Y will respond after a long delay as the nutrition supplement industry is a slow-cycle industry. B. As the market leader, Company Y has little to fear from an attack by Company X and will not expend organizational slack ana major response. C. Company Y will respond aggressively because of the high multimarket contact between both companies. D. Company Y will not respond aggressively since this is a strategic move and not a tactical action.
- 1. What are the benefits associated with a comprehensive policy and procedure manual? Is there a downside to the manual’s being too comprehensive? 2. Consider the elements of the code of conduct developed by Caterpillar in Sourcing Snapshot: Caterpillar’s Code of Conduct. What are some specific examples of purchasing behavior that would violate elements of this code of conduct?(CLO1: Develop a good understanding of concepts, theories and practical issues involved in the development, adoption and implementation of strategies at the strategic level of business organisations) HappyFresh has collaborated with many businesses during its seven years of operation in Malaysia but it seems that alliance was not enough to keep the company afloat. Based on your internal and external analysis of the business in Question 1, identify a better strategy than joint venture or strategic alliance which could have saved it from the current divestiture. Support your answer with relevant strategy generation tool. TOWS analysisReviewed Interim Results for the 26 weeks ended 26 June 2022Massmart is an African retail group, with total Group sales of R41.3 billion for the 26 weeks ended 26 June 2022. Through our widely recognised and differentiated retail and wholesale formats, represented in 403 Retail and Wholesale stores in 13 sub-Saharan countries, we have leading market shares in the general merchandise, liquor, home improvement and wholesale food markets. The Group’s key foundations of high volume, low cost, responsible business and operational excellence enable our price leadership. Holders of Massmart Holdings Limited ordinary shares ("Massmart Shareholders") are hereby advised that the Board of Directors of Massmart Holdings Limited (“Massmart”) and the Board of Directors of Walmart Inc. (“Walmart”) have reached in principle agreement regarding the terms and conditions of a potential offer by Walmart to acquire all of the issued ordinary shares in Massmart Holdings Limited ("Ordinary Shares"), other…
- Select a particular multinational company which is involved in theproduction and distribution of a product and for which SCM andprocurement is of vital importance. The analysis of the company’s procurement models and strategies to supportthe operations in the company.QUES: Evaluate its procurement process and strategies and provide yourfeedback on the strategies applied by the company.QUES: Explain on particular issues, difficulties which company had facedin procurement, its success and or failures that it may have had inthe management of its supply chain2. ‘Ukay-ukay’ Business. There are a lot of ukay-ukay shops in the country. Theyare filled with second-hand clothes, slight factory defects, and out-of-season fashion. Somebuyers are fond of buying ukay-ukay products because of its affordability and availability ofbranded products at low cost. For instance, instead of buying P1, 999 Levi Jeans on malls, you can buy second-hand Levi Jeans at P400 in Ukay-ukay shops. How do retailers pricethese Ukay-ukay products?______________________________________________________________________________________________________________________________________________________________________________________________________________________________3. You probably enjoy seasonal sales that takes place at certain times of the yearsuch as ‘Christmas Sales’ and ‘Graduation Sales’. Why do retailers run these sales eachyear? Do you think this strategy is effective? Why or why not?_FedEx built its business on quick, dependable delivery of itemsbeing shipped by air from one business to another. Its earlyadvantages included global tracking of shipments using Webtechnology. The advancement of Internet technology enabledcompetitors to become much more sophisticated in ordertracking. In addition, the advent of Web-based businesses putpressure on increased ground transportation deliveries. Explainhow this change in the environment has affected FedEx’s op-erations strategy, especially relative to UPS, which has a stronghold on the business-to-consumer ground delivery business.