OM6 ONLINE-LMS INTEGRATED ACCESS
6th Edition
ISBN: 9781337118323
Author: Collier
Publisher: CENGAGE L
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Question
Chapter 12, Problem 3CSQD
Summary Introduction
Interpretation:
Total cash to cash conversion cycle.
Concept Introduction:
The cash-to-cash conversion cycle is one of the most crucial financial metrics for supply chain performance. It is defined as the cash flows from the time costs are incurred (such as purchasing the raw material inventory) to when it is paid (i.e. the accounts receivable).
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Where possible, the inventory costing method shouldmimic actual product flows.” Do you agree? Explain.
Jordan Airline routinely overbooks its flights from Dallas to Florida. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing carrier can cost $2,200. A 150-passenger jet costs about $150,000 to operate from Raleigh to Atlanta. The average ticket price is $2,000.
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question :
1/ According to Weele, the items that we measure determines the role of the purchasing function. List these roles, and show the mapping.
2/ According to Simpson and et.al, why should we measure the performance of our suppliers?
3/ According to Simpson and et. al, what are the characteristics of our suppliers should we measure? List these down in terms of evaluative criteria and its details.
Chapter 12 Solutions
OM6 ONLINE-LMS INTEGRATED ACCESS
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