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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- 12.2 The manager of the I-85 Carpet outlet needs to be able to forecast accurately the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customers will buy their carpets from one of the outlets many competitors. The manager has collected the following demand data for the past 8 months. Month 1 2 3 4 5 6 7 8 Demand for Soft Shag Carpet (1000 yd) 5 10 6 8 14 10 9 12 a. Compute a three-month moving average forecast for months 4 through 9.Explain how is the moving avarages l approach equivalent to exponential smoothing ?The Faculty of Science at UPOS had procured a suite of thirty (30) Smart Digital Lockers and were in the process of creating an automated locker rental system. One stakeholder identified in this process was the marketing and communications department of the faculty whose role is to keep students updated about campus events and new typically via email. Using the SCENARIO trawling technique of the Volere model, answer the following questions: “What role does the stakeholder(s) play in the project?”2. “What trawling technique is employed for the stakeholder?”3. “How the trawling technique will be implemented?”4. “What are the advantages and disadvantages (if any) of the trawling technique identified?”5. “Why was the technique(s) employed for the selected stakeholder?” and6. “What mitigation strategy/strategies would the team employ to minimize the effects of anydisadvantages identified?”
- Problem 1Human visual inspection is necessary in many quality engineering contexts and is naturallysubject to subjectivity. This is especially true for the inspection of solder joints on circuit boards,as there are numerous types of solder defects, as well as a degree to which a joint possessesone or more defect. Consequently, even highly trained inspectors can disagree on the status ofa particular joint. In a batch of 10,000 such joints, inspector A found 724 to be defective,inspect B found 751 to be defective, and 1159 of the joints were judged to be defective by atleast one of the inspectors. Suppose that one of the 10,000 joints is randomly selected.a. What is the probability that the selected joint was judged to be defective by neither ofthe two inspectors?b. What is the probability that the selected joint was judged to be defective by inspector Bbut not by inspector A?Forecasting Ticket Revenue for Orlando Magic Basketball Games For its first two decades of existence, the NBA’s Orlando Magic basketball team set seat prices for its 41- game home schedule the same for each game. If a lower-deck seat sold for $150, that was the price charged, regardless of the opponent, day of the week, or time of the season. If an upper-deck seat sold for $10 in the first game of the year, it likewise sold for $10 for every game. But when Anthony Perez, director of business strategy, finished his MBA at the University of Florida, he developed a valuable database of ticket sales. Analysis of the data led him to build a forecasting model he hoped would increase ticket revenue. Perez hypothesized that selling a ticket for similar seats should differ based on demand. Studying individual sales of Magic tickets on the open Stub Hub marketplace during the prior season. Perez determined the additional potential sales revenue the Magic could have made had they charged prices…The Faculty of Science at UWE had procured a suite of thirty (30) Smart Digital Lockers and were in the process of creating an automated locker rental system. One stakeholder identified in this process was the marketing and communications department of the faculty whose role is to keep students updated about campus events and new typically via email. Using the SCENARIO trawling technique of the Volere model, answer the following questions: “What role does the stakeholder(s) play in the project?”2. “What trawling technique is employed for the stakeholder?”3. “How the trawling technique will be implemented?”4. “What are the advantages and disadvantages (if any) of the trawling technique identified?”5. “Why was the technique(s) employed for the selected stakeholder?” and6. “What mitigation strategy/strategies would the team employ to minimize the effects of anydisadvantages identified?”
- A mortgage loan onginator (MLo) who is also a real estate broker and refers a customer to a settierent services provider owned by their real estate brokerage must identify this relationship to a borrower on whie the following disclosures? A) Initial loan estimate B) Special information booklet C) Third-party service providers D) Affiliated business arrangement 4:15 PM1. The operations manager of Yamaha Philippines, a musical instrument distributor, feels that demand for Yamaha guitar may be related to the number of YouTube views for a music video by the popular rock group Eraserheads which uses the guitar in its shows during the preceding month. The manager has collected the data shown in the following table: YouTube Views (1,000s) Guitar Sales 40 50 70 60 80 50 90 100 80 120 8 11 12 10 15 13 16 15 14 18 a. Graph these data to see whether a linear equation might describe the relationship between the views on YouTube and guitar sales. b. Using the regression equation, interpret the Y intercept and the slope. c. Predict guitar sales if there were 100,000 views last month. d. Determine and interpret the coefficient of determination and the coefficient of correlation. e. Test to see if there is a statistically significant relationship between YouTube views and guitar sales at the 0.05 level of significance.What is the purpose of a tracking signal?