Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Discuss the benefits to a buying company of certifying its suppliers. Describe the benefits to a supplier of being certified—to the buyer and to the supplier.
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- What kinds of knowledge will a supplier provide that will be useful during the production of a new product?arrow_forwardwhat are the steps to evaluate a supplier?arrow_forwardDescribe how an organization could use the 7-step supplier selection process to identify and manage new suppliersarrow_forward
- You are a Supply Chain Procurement Manager working for a large manufacturing company located in North America. Recently, you have found out that one of your suppliers is in contravention of your company’s standards of engagement because they are employing persons aged 14 to 16 years of age. Whilst you would prefer to end the business relationship with this supplier immediately, you have to weigh up the ethical issues with the commercial considerations including; the low cost of the supplies and the history of reliability of delivery from this supplier. Required: Based on your knowledge of corporate social responsibility, as well as supply chain logistics, what is the best course of action in this situation? Discuss.arrow_forwardExplain what are the advantages of using a supplier? When choosing a supplier what considerations should be considered?arrow_forwardExplain the reasons that Mosetsana Pads can provide for engaging in supplier development. Use practical examples relating to their business to substantiate. Reasons : To improve supplier capabilities and enable them to provide better quality and timely delivery • To work towards the reduction of cost for both parties • To work toward gearing the supplier to be able to supply to the buying organisation in line with innovation in sourcing, the buyer's procurement targets and sustainable development objectives • To increase the supplier's profitability as an extension of the benefits delivered to their customers (buying organisation)arrow_forward
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