Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- Supplier power is high when buyers have ________ choices from whom to buy and low when buyers have ________ choices. Group of answer choices few; few few; many many; many many; fewarrow_forwardWhen suppliers collaborate with the firm overall performance has been known to improve up to _________ 20% 15% 10% none of the abovearrow_forwardWhen is the buyer required to pay their initial deposit? Select one of the following Within the first 5 business days after exchanging contracts At the time of exchanging contracts Before the exchange of contracts At the end of the cooling off periodarrow_forward
- Which of the following increases supplier power? Group of answer choices Globalization Integrated supply chains Internet searching Intermediationarrow_forwardtrue or false Introducing pressure on internal suppliers is a motive for corporate venturing.arrow_forwardIt is common to think of a Supply chain as three flows between customer and supplier. Which of the following flows is NOT one of them? A. Money B. Material C. Vehicle D. Informationarrow_forward
- As a supply chain manager, would you rather have a supplier with a five days average lead time with a plus or minus three-day variance or supplier with a ten-day lead time that was plus or minus one day in its delivery?arrow_forwardYou 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_forwardAfter you have finished setting up the supplier records for Hi-Fi Way, Isabella asks you to perform the following steps in MYOB and then identify the tab that is part of the window that appears after those steps have been completed: From the main menu bar, click Setup and select Easy Setup Assistant. In the Easy Setup Assistant window that appears, click the Purchases icon to open the Purchases Easy Setup Assistant. From the list of options provided on the left side of the Purchases Easy Setup Assistant, click Supplier Cards. In the 'Build your supplier list' window that appears within the Purchases Easy Setup Assistant, click the New button. Select the tab that is part of the window that appears after the above steps are performed: Selling Details Bank Account Number Card ID Buying Detailsarrow_forward
- Prior to the actual implementation, there are many considerations for supply chain planning system adoption. Managers cite their major considerations to be which of the following? Check all that apply. Check All That Apply Data integrity Application education. Application cost Time to implement Integrated versus bolt-on applicationarrow_forwardContainers and packaging make up a major portion of municipal solid waste (MSW), amounting to 82.2 million tons of generation in 2018 (28.1 percent of total generation)” – as a business person, packaging is very important to what we sell. There may be laws we have to follow (such as safety guidelines given by the Food and Drug Administration), the product may need protecting during shipping and on the shelf, and it is a key factor consumers consider (attractiveness, convenience, and what the packaging signals, among other things). Why do you think plastic is such a popular packaging material? Do you think consumers or manufacturers will be able to move away from plastic packaging any time soon?arrow_forwardYou have just started work as the Supply Chain Manager for Skateboards company These powered skate boards are a huge marketing success and the company owner now wants someone to look at his supply chain and see what efficiencies/savings can be made. One of your remits is to assess the supplier management strategy of the firm to ensure we are getting the most from our relationships in the supply network. You have asked (as a start) for a copy of this weeks purchases from Accounts and someone has kindly written some comments next to each entry on the payment run, this is printed overleaf. Look at this weeks purchases and think about the following;•Strategic importance of the item to the firm.•Supply risk to the firm (risk of non-exclusivity or even supply failure). The substitutability of the product.•The supplier relationship (b) Next session you will be shown a matrix for categorising types of purchase and assigning suitable supplier strategies to pursue for each category.arrow_forward
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