Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Explain the 3 situation in which a purchaser might select a supplier that is having financial problems?
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- Critique the concept of supplier development by highlighting five supplier development activities that Mosetsana Pads could embark on. Use practical examples to substantiate. 1. Sharing essential knowledge 2. Sharing skills 3. Sharing experience 4. Optimal investments 5. Direct involvement in supplier activitiesarrow_forwardQ 4. All of the following are generally considered stakeholders in the integration process except for Competitors Suppliers Regulators Employees Customersarrow_forwardName three reasons to choose a sole supplier?arrow_forward
- Explain 3 situation in which a purchaser might select a supplier that is having financial difficulties?arrow_forwardWhy might the supplier be likely to overstock (relative to what is supply chainoptimal) in a VMI arrangement if shelf-space restrictions or similar are not inplace by the retailer?arrow_forwardDescribe three situations in which a purchaser might select a supplier that is having financial difficulties. Explain your answer with examples from real-world situations, your experience, or examples discussed in the textbook.arrow_forward
- Organizations can have multiple layers of first- and second-tier suppliers. Explain the advantages that organizations gain by having multiple layers of suppliers. Describe any disadvantages that can be brought to organizations by having multiple layers of suppliers.arrow_forwardExplain the importance of supplier relationships manufacturers dealing with shortages created by disruptions of supply chains for steel, aluminum, lumber, or other materials.arrow_forwardThe cost of monitoring and evaluating the performance of suppliers can be high. What arguments would you use to justify the expenditure on evaluating performance? What steps might you take to minimise such expenditure? What are the benefits to suppliers in you evaluating their performance?arrow_forward
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