Discuss the benefits of Just-In-Time purchasing (JITP)?
Q: What is the difference between dependent and independent demand?
A: Demand refers to the desire of the consumer to buy a good or service. It depends on many factors…
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A:
Q: Do you think supply chain design and planning should be as rigid as possible or as flexible as…
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Q: Which of the following activities are required in the pre-award phase of the procurement process? a.…
A: Procurement process involves various stages such as pre-reward phase, award phase phase and post…
Q: Give an example of joint demand.
A: Joint demand is the point where the demand for one item is straightforwardly and decidedly…
Q: Explain the Production Planning and Inventory?
A: Production planning and control is a fixed method that involves the use of human resources, raw…
Q: Demand for products or services can be broken down into how many components and explain the…
A: Demand for goods and services can be broken down into six components. These six components are as…
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A: A strategy is an act that business managers undertake with the aim of attaining one or more of the…
Q: What are the benefits of leveling aggregate demand by having a portfo-lio of products that create…
A: Production leveling is the technique for decreasing the batch size and important for the production…
Q: What are the capabilities of supply chain managementsoftware? How do ERP and SCM relate?
A: We would discuss on the capabilities of Supply Chain Management software and would also focus on the…
Q: Boots Style, Inc. Purchases Budget- Material A For the First Quarter of 2021
A: Given that: Sales Budget(units) Jan 157000 Feb 162000 Mar 204000 Apr 223000 May…
Q: How is multi-echelon-inventory analysis a significant challenge?
A: Inventory systems are managed as a collective of several inventories using multi-echelon inventory…
Q: Describe the relevance of an ERP system to a supply chain management system
A: Planning of enterprise resources (ERP) It is a type of technology that businesses use to govern and…
Q: What is an RFP? What is it good for?
A: Full form of RFP is Request for proposal. It is a business document . it gives discription of…
Q: What is the increase in the average aggregate inventory value required if Cyberphone maintains the…
A: a. Inventory turnover = 8 times Therefore, the Inventory value of current year = $72/8 =$ 9 million…
Q: You've just been appointed as the new regional manager at a supermarket, and your first task is to…
A: Inventory cost comprises the amount to order and holds stock or inventory, along with governing of…
Q: What are blanket orders? How do they differ from in voiceless purchasing?
A: Introduction of Purchasing Purchasing is one of the fundamental cycles normal to all…
Q: Jet skis and snowmobiles are assembled by Mobile Incorporated. Because both end-items use the same…
A: Aggregate planning is a cycle to create, examine, and keep a timetable of the general activities of…
Q: Illustrate how supply chain planning and control fits within ERP.
A: Supply Chain Management (SCM) is a set of tools manufacturers and the distributors uses it to plan,…
Q: The item fill rate is categorized as which type of supply chain performance metric? Select one:
A: Fill rate is the rate which represents the percentage of number of orders which a company have…
Q: What is the importance of supplier selection in the hospitality industry?
A: Disclaimer: As per the guidelines answering the first question. The operations operating in the…
Q: Importance of the human resources in modern and agile supply chains.
A: Human Resource - The collection of individual and the people who will collectively make the…
Q: 25_______ can be reduced by working closely with key suppliers: Select one: a. Synchronization b.…
A: Find the answers below: The correct answer is b) In-bound lead times
Q: Below are the weaknesses/ disadvantages of Direct procurement. 1. Risk of stock-outs 2. Relatively…
A: Procurement, in straightforward terms, is the getting of various items or administrations in a…
Q: How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types…
A: A procurement strategy is a cost-effective long-term plan to acquire the necessities such as…
Q: What are the factors responsible for the shift in quantity demand?
A: Intelligent software is used to evaluate and comprehend current and planned marketing initiatives,…
Q: snip
A: A project is a company's task which has to be completed within a certain time period to get…
Q: One product that Staples sells a lot of is copy paper. According to Lee’s Uncertainty Framework,…
A: Supply chain is a connection between the company and the suppliers for distributing the product to…
Q: Which type of inventory are necessary to know before starting risk assessment, and why?
A: Inventory includes the material, goods, items used by the business that sell in the market to earn a…
Q: Describe the potential pitfalls in relying on factor weighing analysis for supplier selection ?
A: Small Introduction about Supplier selection The method of distinguishing, assessing, and…
Q: How much lead time does the supplier require?
A: Lead time is the time which passes from the beginning of the process until its conclusion.…
Q: What are the benefits of just-in-time purchasing (JITP)?
A: Just-in-time: JIT (just-in-time) buying is a cost-cutting technique in which you buy the smallest…
Q: 1) Assume that you are a manager of one of the hotels in the UAE. As you know, UAE has an excellent…
A: 1) Demand for room in Hotels increases in UAE in a specific period of time and then decreases once…
Q: Can you think of other attributes that might be associated with SUPPLY SCHEDULE?
A: Supply management manages the flow of goods and services from the movement of raw material to…
Q: Strategies for proactive demand management would not include O a. offering products or services with…
A: Proactive demand management is significant to marketing because the demand for the company's goods…
Q: What can purchasing do to implement just-in-time deliveries?
A: Just-in-time purchasing (JIT purchasing) is a cost accounting purchasing methodology. You buy…
Q: ASCM 2020-2021 case competition, In navigating pandemic supply challenges, What is the best-case…
A: Managers in every organization have lots of responsibility to run the operations, they have to make…
Q: An efficient supply chain would be most closely aligned with which of the following production…
A: The end to end flow of information, products and money is encompassed by supply chains. As a result,…
Q: Where possible, the inventory costing method shouldmimic actual product flows.” Do you agree?…
A: Inventory costing technique: It is consistent with saying that the Inventory Costing technique is…
Q: Why is the inventory turnover ratio of a business desirable?
A: The number of times an item is used and replenished over the course of a given time span is known as…
Discuss the benefits of Just-In-Time purchasing (JITP)?
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- Explain Benefits regarding a Just-In-Time purchasing system.As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. You are required to write a one-page report where you reflect on:• Which areas of this module did you find most interesting and challenging to learn about?Why?• If the procurement process for inventory is not ethically done, what do you think would bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?Demand for products or services can be broken down into how many components and explain the components?
- Why would a procurement professional decentralize inventory purchasing?Why would this cause a procurement professional to integrate with trucking or train companies more intensely? With the Mississippi River at its 8th-lowest water level on record, grounding risk has increased for barge operators,and multiple groundings have been reported on the Lower MississippiOn Tuesday, the U.S. Coast Guard relayed reports of new barge groundings near Stack Island, Mississippi andMemphis, Tennessee, and waterway closures are in effect around both sites. Coast Guard Sector Lower MississippiRiver has reported eight groundings in the past week due to low water levels. "Due to low water levels on the Lower Mississippi River, we have seen an increase in commercial vesselgroundings," said Capt. Eric Carrero, Director of Western Rivers and Waterways at Coast Guard District Eight. "Inresponse, the Coast Guard established a Marine Transportation System Recovery Unit with our federal, state, local,and maritime industry partners to facilitate safe navigation and the continued…How will launching Fire TV sets likely influence the organizational purchasing and supply management (P/SM) organization for Amazon
- What will be procurement strategy for a university plans to launch its new campus in the city. You need to Develop matrix showing, the nature of purchases, types and requisitions required for the complete setup?Explain how can a purchasing department influence the financial performance of a large manufacturer.What can purchasing do to implement just-in-time deliveries?