Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Question
Chapter 7, Problem 5DQ
Summary Introduction
To determine: The indicators on a supplier visit to determine whether the company is capable of becoming a best-in-class supplier.
Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.
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Students have asked these similar questions
Assume you are the Chief Purchasing Officer at an automobile manufacturing company.
Recommend some supplier selection and evaluation strategies to manage the risks in your
supply base.
2) Your manager at the medium-sized company where you work has just called you in and
asked you to explain why the company should spend its limited financial resources to
develop a supplier measurement system. What do you tell her?
Using the 7 step process for developing a supplier evaluation and selection survey, compare three suppliers of a product/service that you are familiar with (for example an online store where you purchase or have purchased products, local stores where you may shop, or an example of three suppliers for similar products where you work). In MS Excel, create a supplier evaluation survey similar to the one in Exhibit 7.7 with categories, sub-categories, and weights for each one based upon what you consider important in making a decision to purchase from a supplier. Using your evaluation form, rate each of the suppliers for the product/service based upon your observations. Provide your evaluation sheet and your scores in a format like the one presented in Exhibit 7.7. Evaluate the results and make a determination of which supplier you would select and why.
A Chrysler executive once made the following statement: “Only about one in five supplier development efforts are truly 100 percent successful.” Why do you think this is the case? What makes supplier development such a challenging effort for the buyer? For the supplier?
Chapter 7 Solutions
Purchasing and Supply Chain Management
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- Who should be accountable for supplier relationship management Is it better handled by procurement or the department who are dependent on the supply of goods/services?arrow_forwardShould the company try scrap industries who are an unlisted supplier and what precautions should the company take for the future? 500 words Remember the company in question is a producer of chewing tobacco products.arrow_forwardWhat Is The Supplier Evaluation and Selection Process?arrow_forward
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