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- Critically analyse single sourcing and multiple sourcing.Analyse and explain the reason to use single sourcing and use multiple sourcing. Recommend delegated sourcing. Support your answer with examples.What is the difference between sole sourcing and single sourcing?118- In the GE-Mckinsey Matrix, Industry Attractiveness indicates the potential for ______. Suppliers Sellers Competition Profitability
- Identify TWO of the five competitive forces that shape a company’s strategic activities. a. The bargaining power of buyers and suppliers b. The motivation of buyers with and/or without the suppliers c. The intensity of support among existing competitors d. The opportunities for new entrants in the marketWhat are the advantages and disadvantagesof multiple sourcing?Discuss the pros and cons of sole, single, and multiple sourcing and the various risks associated with each of these buying strategies. Please provide examples
- What is multiple sourcing?C. How can organizational buyers ensure ethical sourcing and responsible procurement practices?Hotel Industry Analyse the following factors and include the mostappropriate/significant: – The company’s general business environment• Economic, socio-cultural, technological,environmental, political and/or legal/regulatoryenvironment – Industry environment• Structure and nature of the industry; industry valuechain; industry attractiveness; drivers of change in theindustry
- 4. Suppliers helps the company to promote, sell, and distribute its goods to final buyers. MICRO MARKETING 5. Suppliers are unimportant link in the "value delivery system." MICRO MARKETING 6. Company must gain strategic advantage against the competitions. MICRO MARKETING 7. Publics are groups that has an interest in or impact on an organization's ability to achieve its downfall. MICRO MARKETING 8. Areas inside a company can be considered as macro environment. MICRO MARKETINGAnalyze if the following forces below are under SUPPLIERS, BUYERS, NEW ENTRANTS, SUBSTITUTE PRODUCTS, and INTENSITY OF RIVALRYAccor hotel industry Focus on industry-level data from Europe and UK Analysis The structure of the industry (degree of industry concentration or fragmentation, i.e. proportion of large, dominating firms v smaller firms) Structure of the industry, For example: the market share of major and/or small firms Industry size and growth rate over the 7 years Stage of the industry life cycle Industry value chain and how external factors, i.e. PESTEL factors, might affect key parts of the value chain