
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Question
A purchasing and supply chain performance measurement and management system should directly support corporate goals and objectives. A measurement system that directs behavior and activity away from those goals and objectives is counterproductive and can cause greater harm than good.
- Effective performance measurement systems have certain characteristics. Select three characteristics and discuss why a measure should possess that characteristic.
- Why is it sometimes advantageous to benchmark performance against a non-competitor?
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- What can be the performance indices for a purchasing department of an organization? How can a purchasing manager monitor them? What are the advantages of defining such performance indices? Include examples for each part of this questionarrow_forwardThe following are true statements about quality systems except: a. The FDA’s quality systems regulations are highly prescriptive and subject to limited interpretation b. Senior executives have ultimate legal responsibility for the effectiveness of the company’s quality system c. Companies can implement their quality systems in a progressive manner, focusing on those elements most relevant to their stage of growth d. Quality systems can be a source of competitive advantage for a companyarrow_forwardplease answer in excel format showing formulasarrow_forward
- List and describe two potential methods or models (mathematical or conceptual) that can be used to predict impacts in an environmental impact assessment (EIA) process. Illustrate your answer with relevant examples.arrow_forwardCan you please outline the basic idea behind the CASP competition?arrow_forwardRestituto Dimaalis is VP Corporate Planning of Philippine Canning Corp. (PCC), one of the biggest fish canning companies in the Philippines with Sales of about PhP 12.0 B in 2012. Its main product is tuna with the cannery located in General Santos City, South Cotabato. Its secondary product line is sardines with the cannery located just outside Zamboanga City. The company’s head office is located in Makati. Reviewing company performance over the past few years, Resituto thought the picture looked good. The cannery in Gen San, together with the corresponding fish port was new, having been completed 5 years ago. The company had invested a little over PhP 500.0 M in this project but it seemed to be paying off both in terms of increased efficiency as well as capacity. Most of the machinery and systems (60% of cost) was financed through 10 yr. US$ denominated debt while 30% of the balance was funded through long term PhP denominated debt and the rest through Retained Earnings. The…arrow_forward
- Is a Value Analysis Plan better or worse than simply finding the lowest price for an item, regardless of vendor or supplier? Explain your position.arrow_forwardWhen Canada Goose makes coats, its core question is: "What are customers looking for? Do people buy Canada Goose jackets for extreme cold weather defense or because they want to make a fashion statement? This is known as the rationale for making the product, otherwise known as the: Multiple Choice core customer value core supplier distribution critical competitor scanning critical consumer consideration core manufacture disintermediationarrow_forwarddemand or its quality standards. The discovery of the faulty parts caused delays and other impacts on Apple's other suppliers as well POM Apple Deals with Supply Chain Strain and Faulty Parts as its customers. Apple reportedly threw out all of the defective Watches to avoid having to recall them. When Apple (www.apple.com) introduced the Apple Watch in April 2015, industry analysts had a hard time predicting how consum- ers would react. Their estimates ranged from 5 million to 40 million Watches sold in 2015. This huge range in a market forecast creates havoc in planning for a supply chain. In fact, industry experts call it supply chain strain. So, how did Apple's supply chain gear up for such a high de- gree of sales uncertainty? First, the firm allowed a certain number of Apple Watch preorders. Based on those preorders, Apple could estimate the potential market demand and alter production ac- Apple then handed over production of the taptic engine to another partner, Nidec Corporation…arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.

Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,

Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education


Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning

Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.