a) Explain what a “supply chain” is. b) Explain why practioneers of supply chain management need to understand management accounting.
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- a) Explain what a “supply chain” is.
- b) Explain why practioneers of
supply chain management need to understand management accounting.
Step by step
Solved in 3 steps
- What are 3 potential risks associated with replacing the inventory management system, and how can they be mitigated?What is the rationale for colocating internal customer purchasing personnel?1. How does management science help a business achieve the ideal situation? 2. Briefly discuss the application of Management Science to inventory management.
- explain how an organisation can transform it's inventory management process to be proactive.1. Examine the challenges encountered in the process of planning procurement audits.The purchasing department is responsiblefor procuring raw materials and other resources at the best possibleprice. In relation to the above, and with the aid of examples, discuss thefunctions of the purchasing management.
- 1、Explain three reason some goods are exempted in the Harmonized Sales Tax HST by government 2、State four kinds of terms of sale. Which one do you prefer and why? 3、State five reasons why accountants must maintain high accounting standardsHow can businesses effectively manage inventory turnover and aging inventory to minimize waste and write-offs?What role does inventory management play in an overall business plan and describe the benefits of just in time inventory management.Describe one of the methods for managing cash disbursements or cash receipts and how it impacts profitability.
- b) As a purchasing manager of a big retailer that operates a chain of grocery stores, discuss four ways how you could use a SCM system to provide value for your company and customers. Support your discussion with examples where appropriate.how does procter and gamble bring together inventory and quality management?show work not done in excel Firm Y faces the following: Revenue per order = $10,000 750 orders/deliveries per year Net cost as a percent of revenue = 65% 80% of late deliveries redelivered; 20% cancelled Cost of redelivery = $300 Invoice deduction for redeliveries = $250 4. What is the total lost profit or cash flow from an 85% on-time delivery rate? 5. What is the total lost profit or cash flow from a 95% on-time delivery rate? 6. What is the percentage reduction in total lost profit or cash flow from this 10% increase in on-time delivery?