William's Window Hardware is looking for a new supplier for its casement window operators. William consider price and reputation as the most important criteria. He considers reputation to be four times more important than price. William has narrowed his choices to two suppliers. On a 10-point scale, he has assigned Rideau's Windows Supply a score of 9 on price and 4 on reputation. He has assigned lan and Family a score of 3 on price and 6 on reputation. Apply the factor weighting technique to help William choose a new window operator supplier.

William's Window Hardware is looking for a new supplier for its casement window operators. William consider price and reputation as the most important criteria. He considers reputation to be four times more important than price. William has narrowed his choices to two suppliers. On a 10-point scale, he has assigned Rideau's Windows Supply a score of 9 on price and 4 on reputation. He has assigned lan and Family a score of 3 on price and 6 on reputation. Apply the factor weighting technique to help William choose a new window operator supplier.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
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Q-4: Define and briefly explain the following methods of demand estimation with examples from the real world? a) Consumer Surveys b) Consumer Clinics c) Market Experiments
Specialty Toys, Inc., sells a variety of new and innovative children's toys. As with other products, Specialty faces the decision of how may Weather Teddy units to order for coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team ask you for analysis of the stock-out probabilities for various order quantities, an estimate of the product potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty%u2019s sales forecaster predicted and expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and…
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QUESTION Research shows that around 33% of the companies cancel their outsource contracts within 5 years and another 50% found themselves in dispute with the outsourced contractor. There are a number of issues and problems associated with an outsourcing decision. However, still many companies continue to outsource most of their logistics operations. Discuss the possible reasons for apparent failures in outsourcing contracts. Explain how Carter’s 10Cs model can be used as a checklist when undertaking supplier appraisal and evaluation during the sourcing process. List and explain the 10 element in Carter’s 10Cs model and explain why they are important when evaluating suppliers. Note: Procurement & Sourcing Management
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To calculate accurate and profitable price per portion, the Ocean View Caté performs butcher tests on the pan-tried chicken. A portion of chicken served is Boz, and the butcher test revealed that the portion cost factor is 75. The new supplier's price is $3.00 per Ib. of chicken. What should the cost of the 6oz portion be? Select one: a. $5.25 b. $2.63 c. $13.50 O d. $2.25
A price skimming strategy is most often used for a new product when: Question 43 options: a) its supply is greater than its demand. b) competition in the market is abundant. c) customers are unwilling to spend a large amount of money on the product. d) the product is perceived by the target market as having unique advantages.
Q13) Pricing decision does not depends on the characteristics of the market. Select one: True False
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Q-5: A firm A tries to estimate the relationship between demand for its product and income of the consumers. By estimating the relationship, it has been found that B= -0.85. Interpret such a relationship. (4)