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- Identification and selection of suppliers is the duty of purchase department.Select one:a. Falseb. TrueMCQ 1-Evaluation of supplier performance in supply chain to determine whether or not to be a future supplier is known as _____a. Supply chain clarification. b. Supplier qualification c. Supply chain performance d. Supply chain quality performance. 2-International standards are used in supply chain to_____ a. Find new methods to develop products. b. Add new frame to the production process. c.Add luxury to the organisation look. d. Filter suppliers. 3-In organization, strategic options are developed based on_____a. Analysis of goals, mission and value of market. b. Analysis of vision, goals and suppliers. c. Analysis of vision, goals and mission.d. Analysis of mission, goals and products.33- Which one of the following is a reason for a stock out situation for a retailer? a. Consumer demand remains unchanged b. Price of the product increases c. More lead time taken by the supplier d. There is buffer stock with the retailer
- Describe the favouring of supplier managed inventory and optimised supplier system when chossing a supplier ?Describe the supply chain for your university or college.Who are the suppliers, producers, and distributors in thissupply chain? Are there different supplier tiers? Howwould you evaluate this supply chain? Does inventory evenexist, and if it does, what form does it take?25_______ can be reduced by working closely with key suppliers: Select one: a. Synchronization b. In-bound lead times c. Complexity d. Production costs
- 1.) Developing a reliable and trustworthy supplier base is critical to success. True False 2.)The tragedy surrounding the Rana Plaza Factory collapse would have most likely been avoided with sound corporate social responsibility practices in place. True False 3.)Supply strategies are crucial to a business’s success. True False 4.)Location of a factory would not be considered a key factor in the decision-making process surrounding supplier choice. True False 5.)Fast fashion does not negatively impact the environment. True False 6.)Most apparel companies own their own factories and control their own fabric supply. True False 7.)Retailers have embraced the omnichannel model to provide buying options for their customers. True False 8.)Strategic line planning is considered necessary in developing the end product. True False 9.)Near-shoring’s main benefit is reducing lead time. cutting down on travel costs. using less people.…You have recently been appointed as the executive director responsible for the purchasing function at Pick’n’Pay, which is one of the leading supermarkets in South Africa and other African countries. You notice that there are no documents that outline the roles and responsibilities of the buyer as well as the criteria that is used to select suppliers. Q.1 with the use of example SIX criteria that you need to consider when selecting fruit and vegetable suppliers.Explain what is meant by the pull supply chain startegy ?
- To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower insists that they also sell waterproof hunting boots. Unfortunately, neither Teddy Bower nor Teddy Sports has expertise in manufacturing those kinds of boots. Therefore, Teddy Bower contacted several Chinese suppliers to request quotes. Due to competition, Teddy Bower knows that it cannot sell these boots for more than $54. However, $40 per boot was the best quote from the suppliers. In addition, Teddy Bower anticipates excess inventory will need to be sold off at a 50 percent discount at the end of the season. Given the $54 price, Teddy Bower’s demand forecast is for 400 boots, with a standard deviation of 300. If Teddy Bower decides to include these boots in its assortment, how many boots should it order from its supplier? Suppose Teddy Bower orders 380 boots. What would its expected profit be?What is the importance of supplier selection in the hospitality industry? Define inventory management and its importance in the hospitality industry. Why is it important to have an indicator measuring the performance of Supply chain management in any organization?When a customer allows the supplier to manage inventory policy for an item or group of items.