Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Question
Chapter 9, Problem 2.3Q
Summary Introduction
Interpretation:the Company having overall quality score.
Concept introduction: Bidding is the process used to select the contractor who would do the required work at lowest price. It is the simplest procedure where the cost is calculated and the lowest responsive price is selected to get the work done.
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How do you think a procurement policy should be related to an organization's long-term strategy and strategic plan?
How do you think that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan?
How can you believe a procurement policy should be closely related to an organization's long-term strategic plan and strategy?
Chapter 9 Solutions
Practical Operations Management
Ch. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6P
Ch. 9 - Prob. 7PCh. 9 - Prob. 8PCh. 9 - Prob. 9PCh. 9 - Prob. 10PCh. 9 - Prob. 11PCh. 9 - Prob. 12PCh. 9 - Prob. 13PCh. 9 - Prob. 14PCh. 9 - Prob. 15PCh. 9 - Prob. 16PCh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 19PCh. 9 - Prob. 20PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24PCh. 9 - Prob. 1.1QCh. 9 - Prob. 1.2QCh. 9 - Prob. 1.3QCh. 9 - Prob. 2.1QCh. 9 - Prob. 2.2QCh. 9 - Prob. 2.3QCh. 9 - Prob. 2.4QCh. 9 - Prob. 2.5QCh. 9 - Prob. 3.1QCh. 9 - Prob. 3.2QCh. 9 - Prob. 3.3Q
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- How do you think that a procurement strategy can be directly linked to the organization’s strategy and long-term business plan? Long question explain it brieflyarrow_forwardHow much lead time does the supplier require?arrow_forwardYou purchase tyres for a range of cars, vans and lorries. For many years these have been sole sourced with a tyre manufacturer. You have been asked to challenge the procurement strategy. a) How will you convince the top management to use a multi-sourcing strategy? b) What sources would you use to find other possible sources of supply who would be invited to tender?arrow_forward
- a. Hypothetically,how did you select the supplier/vendor in order to work within the budgetlimit?arrow_forwardWhy has supply management traditionally not been involved in the corporate strategicplanning function?arrow_forwardWhen it comes to selecting a provider, the price and product samples are good, but are they enough?arrow_forward
- Using the company resources and capabilities, conduct a competitive strength assessment to compare the company with two of its main competitors (Mercedes Benz)arrow_forwardWhich supply chain and operational goals are most important?arrow_forward(A) What are the primary and supporting activities in a company's value chain? Please briefly explain these activities. (B) Are both primary and supporting activities a source of competitive advantage? Why or Why not?arrow_forward
- 5. What are the steps that you will recommend to Amazon which assist in the successful building a prospering customer and supplier relationship??arrow_forwardHow Is a Value Analysis Plan better or worse than simply finding the lowest price for an item, regardless of vendor or supplier?arrow_forwardYou are the management accountant for a small company that makes and distributes picante sauce. You’ve been asked to prepare a presentation that will illustrate the company’s value chain. a. What activities or types of companies would you include in the upstream (supplier) part of the value chain? b. What activities would you include in the internal value chain? c. What activities or types of companies would you include in the downstream (distribution and retailing) part of the value chain? Need Proper explanationarrow_forward
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