he method of production that largely determines the capability of suppliers to make products available is terms as the non-price determinant of supply as * a. technology. B. costs of inputs. C. expectations of future p
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- Assume that you are the Purchasing Manager recently joined to a manufacturing company which consistswith several functional divisions. You are reporting to the Managing Director of the company. The companyhas been implementing a purchasing strategy with less coordination with the other functional groups withinthe company. Moreover, there has been no coordination with its suppliers. As a qualified person with aMBA in supply chain management, you identified that it is required to do changes in many areas, especiallythe integration and collaboration of functional divisions when developing purchasing strategies. Write aone-page memo to the Managing Director outlining the benefits of having regular meetings between theheads of design, marketing, production and yourself when implementing the purchasing strategy. Indicatethe possible advantages of involving suppliers in the preparation of specifications for bought-out items andon developing new products. Describe at least four benefits of…Assume that you are the Purchasing Manager recently joined to a manufacturing company which consistswith several functional divisions. You are reporting to the Managing Director of the company. The companyhas been implementing a purchasing strategy with less coordination with the other functional groups withinthe company. Moreover, there has been no coordination with its suppliers. As a qualified person with aMBA in supply chain management, you identified that it is required to do changes in many areas, especiallythe integration and collaboration of functional divisions when developing purchasing strategies. Write aone-page memo to the Managing Director outlining the benefits of having regular meetings between theheads of design, marketing, production and yourself when implementing the purchasing strategy. Indicatethe possible advantages of involving suppliers in the preparation of specifications for bought-out items andon developing new products.Which of the following is NOT done by the purchasing department: Select one: a. Taking care of the transportation of the goods from the suppliers b. Developing new sources of supply and improving existing ones c. Identifying materials for new prodcut development d. Providing professional training to employees
- A sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?The following are the criteria for evaluating price metrics except: a. tracks with differences in value across segments b. is easy to measure and enforce c. offering economic value and design d. tracks with differences in cost to serveDescribe the actions that purchasing can take to reduce uncertainty associated with (a) supplier quality, (b) supplier delivery, (c) long order-cycle times, (d) extended material pipelines, and (e) inaccurate demand forecasts.
- Firms may pursue a ______________ strategy to gain control or ownership of suppliers. This strategy is especially effective when suppliers are unreliable, too costly, or not capable of meeting a firm’s needs on a consistent basis. a. Market Development b. Forward Integration c. Backward Integration d. Related Diversification121) The difference between what a consumer would be willing to pay and the price actually paid is referred to as: a) Consumer’s demand b) Consumer’s surplus c) Supplier surplus d) Supplier demandWhich of the following factors does NOT affect supplier power? A. Supplier concentration B. Undifferentiated products C. Switching costs D. Negotiation skills E. None of the above
- Discuss the advantages and disadvantages of an optimized supply base. How can a buyer overcome the disadvantages? Please provide APA 6th Edition (American Psychological Association) style citations and references. maximum 2 references would be fine.Consider the following assertion: Supply procurement is responsible for more than just purchasing parts and supplies.It so buys a supplier's present and potential performance capacity from them.In an effort to communicate purchasing desires to a supplier, a company may share a with the supplier's sales team. O Supplier base O Procurement certification Supplier scorecard Materials requisition O Supplier certification