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- Q.Some products remain in the maturity stage of the PLC for long period of time, whereas others pass through quickly. List and explain briefly three possible conditions that may allow a product to remain in the maturity stage for a long period of time.Subject: Procurement & Sourcing Q): How contract is establish? Q) What are the main terms of contract?Case: AGUSTINE SCHOOL PROM Many children of high-income families in Cabanatuan City and Nueva Ecija are sent by their parents to study in exclusive schools in Manila. Unmindful of the costs, the parents maintain the view that real education has a high price tag. The public elementary schools as well as the public high schools are perceived, rightly or wrongly, as not being able to deliver the quality of educational services needed. Even if this is so, enrolment in public schools has swelled to more than 60 students per class. The rule in public schools, except college, is to accommodate everybody. Currently, the opening of Montessori and private elementary schools in the area has provided some relief to parents who want quality education for their children. The older private schools are now competing with the new Montessori and private elementary schools which charge higher tuition fees. Miss Jana Agustin is a teacher at the same time marketing officer to promote the school. She…
- Mo a) Explain how you would obtain pricing from UKEP, given that you are an established distributor. b) Your eText identifies several types of discounts that suppliers are prepared to offer. Identify and describe them. Which discounts might be applicable to you c) Assuming 3 employees in your Purchasing department, prepare a Table with reasonable estimates of the activity costs of placing an order with UKEP ?explain certain demand?“A buyer should not only be concerned with negotiating the reduction of price with a potential supplier, other aspiration points and issues that may require negotiations in order to reach satisfactory settlement could relate to product quality, date of delivery, free delivery up to buyer’s end, reduction in packing charges, higher trade discount on bulk purchases, seeking maximum co-operation of the supplier, or even removal of obstacles that could arise in future etc.” That is to say, the fundamental drivers of carrying out negotiations are due to our basic needs, wants, and motivations. As the procurement role evolves from transaction-based into more of strategic partnership with suppliers, negotiation and management skills have become increasingly important. Hence, to have effective negotiation with suppliers, the skills employed by procurement professionals need to be broadened. a) What does the term negotiation generally mean? b) In more specific terms, what does negotiation in…
- Explain the use of yield management in pricingdecisions.Your firm received an RFP (request for proposal) on a wire harness from GM with fixed costs of $1 million and MC of $1 with expected sales of 1 million units. What is break-even price?QUESTION 1 Explain the documentary credit/letter of credit process as one of the payment methods used in trade financing.
- Op5. At what stage will you recommend the introduction of an “ANSI”? Indicate the approval process for an “ANSI” in the procurement processSelect Supplier and Reach Agreement?Q3: Kimberly owns and operates a tennis shop in a resort area. The business is seasonal. A large part of the annual revenues are due to sales in June, July, and August. Kimberly keeps the shop open during the remaining months of the year, but the inventory carried during those months is reduced. During the summer months, the amount of inventory on hand is substantially increased. Kimberly has the business insured under the special form businessowners policy (BOP) with no endorsements attached. Assume you are a risk management consultant. Identify the major loss exposures that Kimberly faces. Assume that a covered loss occurs in July, which damages part of the inventory. Does the BOP provide any protection for the increase in inventory during the summer months? Explain your answer. Kimberly plans to hire an additional employee during the summer months when sales are increasing. She is concerned about possible employee theft and dishonesty. Explain to Kimberly how this loss exposure…