Describe how purchasing becomes aware of purchase requirements.

Q: Discuss the similarities and differences between Valances & Swags, in terms of description,…

A: A valance is a chunk of material that hangs throughout the pinnacle of a window to cover different…

Q: What are the two basic costing systems for products? Describe each. Describe each. What are the…

A: Inventory or stock relates to the merchandise and supplies that a business endures for the final…

Q: Explain the potential pitfalls in relying on factor weighing analysis for supplier selection

A: To be determined: the potential pitfalls in relying on factor weighing analysis for supplier…

Q: Which of the following activities are required in the pre-award phase of the procurement process? a.…

A: Procurement process involves various stages such as pre-reward phase, award phase phase and post…

Q: Write a recommendation about a company what measure to put in place  to avoid out of stock of…

A: Maintaining ideal inventory levels for your growing web-based business is often easier said than…

Q: Five advantages of co-locating purchasing personnel with internal customers.

A: Internal customers are the ones that have an intricate relationship with an organization even if the…

Q: Give an example of how obtaining business requirements aids BPM.

A: Company will take a step back to look into the process of the business individually, or entirely…

Q: Explain Independent versus Dependent Demand?

A: Demand is said to be independent when the demand for one product is not dependent on the demand for…

Q: When does Joint Demand occur?

A: Joint demand refers to a scenario whereby the demand for one commodity is directly associated with…

Q: Explain why is the inventory turnover ratio of a business desirable

A: The turnover ratio is the number of days in which an item is used and refilled during a given…

Q: Sometimes a company may need to purchase goods or services that are unique, very complex, and/or…

A: Every company uses different methods for placing order of different kind of products with its…

Q: write the importance of demand management for a manufacturing organization

A: Demand management is the management that is used in forecasting and planning to meet the customers…

Q: Please only answer D-1 and D-2 Assume that Painless Dental Clinics, Inc., offers three basic dental…

A: Given data:  Particular Cleaning  Filling Capping Price per unit (A) $400 $680 $1,550…

Q: Renuka Machines Manufacturing Corporation Renuka Thomas, president of Renuka Machines Manufacturing…

A: The low bidder conundrum is one of the most significant roadblocks to government procurement of…

Q: Explain important characteristics of demand relates to whether demand is derived from an end item or…

A: If demand is derived from an end item, it is called an independent demand and whenever demand is…

Q: For one of your products, there is an average demand of 10,000 units per week. You have set safety…

A: Given, Q= 10000 d= 3 p= 10

Q: Ethical sourcing (ES) and sustainable sourcing (SS) are becoming an important issue in purchasing…

A: It is true that ethical sourcing and sustainable sourcing has become a vital issue while purchasing…

Q: What is the Production-Inventory Strategy in the Supply Chain Management Integration of JP Morgan…

A: Production-Inventory Strategy The production-Inventory strategy helps the organization in doing the…

Q: 25_______ can be reduced by working closely with key suppliers: Select one: a. Synchronization b.…

A: Find the answers below: The correct answer is b) In-bound lead times

Q: Describe the inventory management process at an engineering firm and   the technology used.

A: The method of buying, storing, and using a company's inventory is known as inventory management. Raw…

Q: What are the advantages of sending price change orders ahead of time

A: The companies should decide the price of their product or service according to their target market.…

Q: explain the concept of TCO- what is required and how is it useful to make purchasing decisions. Give…

A: TCO is the acronym for the term Total Cost of Ownership. This refers to the total cost which has to…

Q: hat is more important for a purchasing transaction, price, timing or quality?

A: Purchasing is the process of acquiring products and services to achieve the company’s objective.

Q: Examine and compare software purchasing choices, including both traditional and web-based ones.

A: Purchasing has an overwhelming impact on the bottom line of every organization and impact on the…

Q: Consider the following assertion: Supply procurement is responsible for more than just purchasing…

A: Supply control is a method of ensuring that supplies are delivered to consumers in a timely and…

Q: How does the dual nature of the physician's role as both advisor and provider support the demand…

A: A physician's dual nature as an adviser and a provider supports the demand-inducement hypothesis.…

Q: for four factors that your organisation should assess before to (or during) computer hardware…

A: Computers, software, and service procurement The policy aims to outline a method for new and…

Q: Suthar Timber Merchants in Patiala, India, features a large selection of building supplies,…

A: Current Business Process meant for Suthar Timber Merchants:

Q: What are the benefits of just-in-time purchasing (JITP)?

A: Just-in-time: JIT (just-in-time) buying is a cost-cutting technique in which you buy the smallest…

Q: Concerns of suppliers when moving to SupplierPartnerships include:a) small lots sometimes seeming…

A: Social media is a platform that includes Facebook, Twitter, Instagram, and many other applications…

Q: Where is inventory located inside the supply chain ?

A: Supply chain management is a very large process that includes production, manufacturing, sourcing,…

Q: Company can increase performance by conform to the customer requirement. Do you agree? Why?

A: Yes, the company can increase performance by conforming to the customer requirement.

Q: State and Explain the advantages of just in time purchasing ?

A: Just-in-time is the inventory management strategy in which the company receives stock or inventory…

Q: In purchasing an item, there are two conceptual dimensions, generally speaking, either product or…

A: A product is a tangible in nature which can be acquired, consumed or owned which can be offered in…

Q: data outright. As the purchaser you will have to utilize reverse price analysis, describe the…

A: For reverse pricing analysis, there is no one-size-fits-all method for determining the cost.

Q: Kraljic matrix

A: This method is utilized in an increasingly competitive market to keep an eye on a company's…

Q: Describe the selection of warehouse equipment as well as the risks associated with equipment…

A: The appropriate equipment may complement human efforts so that the performance of a warehouse is…

Q: What is the importance of supplier selection in the hospitality industry?  Define inventory…

A: The supply chain is the system of resources, technologies, processes, and employees that help to…

Q: Discuss the dangers of merely using the results of a factor-weighting study to make supplier…

A: Selecting providers appears to be a challenging undertaking. The factor balancing technique aids in…

Q: What action does the Purchasing Officer take on receiving the requisition for raw material

A: Purchasing officer is the person who is in charge of an organization or firm purchasing raw…

Q: Explain what is meant by the pull supply chain startegy

A: Using the pull in Supply Chain Strategies

Q: State the advantages of just in time purchasing ?

A: JIT purchasing is a value strategy that comprises procuring the fewest possible items necessary to…