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- You are in charge of analyzing five new suppliers of an important raw material and have been given the information shown below (1 = worst, 10 = best). Management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as criterion 2. No more than two new suppliers are required but each new vendor must exceed a total score of 70 percent of the maximum total points to be considered. Rating PerformanceCriterion VendorA VendorB VendorC VendorD VendorE Quality of rawmaterial 8 7 3 6 9 Environmental impact 3 8 4 7 7 Responsiveness toorder changes 9 5 7 6 5 Cost of raw material 7 6 9 2 7 a. Which new vendors do you recommend?b. Would your decision change if the criteria were considered equally important?As purchasing agent for Eynan Enterprises in Richmond, Virginia, you ask your buyer to provide you with a ranking of "excellent" (worth 4 points), "good" (3 points), "fair" (2 points), or "poor" (1 point) for a variety of characteristics for two potential vendors, Donna Inc. (D) and Kay Corp. (K). You suggest that "Products" total be weighted 0.4, the "Company" total be weighted 0.2, and the "Service" and "Sales" totals each be weighted 0.2. The buyer has returned the following ranking. Which of the two vendors would you select? Click the icon to view the rankings. Part 2 You should choose vendor ▼ Donna Inc. Either Kay Corp. or Donna Inc. Kay Corp. , with a weighted score of ________. (Enter your response rounded to one decimal place.)Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,000 units. Because of the unique characteristics of the engine, special tooling is needed during the manufacturing process for which you agree to reimburse the supplier. Your assistant has obtained quotes from two reliable engine suppliers and you need to decide which to use. The following data have been collected: units 22 Requirements (annual forecast) Weight per engine Order processing cost Inventory carry cost 12,000 pounds per order 20 125 percent of the average value of inventory per year Note: Assume that half of lot size is in inventory on average (1,000/2 500 units) Two qualified suppliers have…
- 2 Dhofar Company operates in the equipment manufacturing industry and produces some office equipment. The company purchases its raw materials from a single company and there is no other company selling those raw materials. Which of the following best describes this situation in Five Forces Models? Select one: a. Rivalry among Existing companies is high b. None of the Above c. Threat of Substitutes is high because customers may change to other products. d. Bargaining Power of Suppliers is high because there is only one supplierBoeing and Airbus are two manufacturers of large passenger jets (more than 150 passengers). They compete vigorously with each other and airlines which purchase aircraft from either firm often get deep discounts on the list price. Would you consider the large passenger jet manufacturing industry to be perfectly competitive (does it meet all of the assumptions of perfect competition listed on page 232 of the textbook). Please give an explanation.Research with cross-functional sourcing teams revealed that teams that included suppliersas active team participants put forth greater effort, on average, than teams that did notinclude suppliers.With regards to the above statement:Discuss why the involvement of external suppliers can positively affect a team’s effort.
- 1. Identify The common signs that indicate an out sourcing strategy is not executed effectively. 2. How does a business evaluate its strategic choices?Simply Chocolate, a retailer selling gourmet candy, has decided to expand its market by adding online sales. The supply and marketing managers must select a company to develop a Web site. Based on an initial screening, the team has narrowed the list to four potential suppliers. WebTex CoolWeb Dazzling Designs Major Marketing Category Number of sites developed Technical expertise Responsiveness Weight 45% Rating Rating Rating Rating 3 1 4 5 30% 15% Price 10% 1344 3 5 4 4 5 3 1 4 5 3 1 picture Click here for the Excel Data File All scores are based on a five-point scale, with 1 equals poor and 5 equals excellent. a. Calculate the total weighted score for each supplier. b. Based on these ratings, which supplier appears to be the best?“Sourcing – So where does Starbucks coffee come from? Starbucks sources its coffee beans directly from nearly 30,000 coffee farms around the world, in countries such as Brazil, Columbia, Guatemala, Kenya, Mexico, Saudi Arabia, and Tanzania. Starbucks suppliers are carefully selected by following Starbucks’ own Coffee and Farmer Equity (CAFE) standards and Coffee Sourcing Guidelines (CSG). Each Starbucks supplier needs to meet these standards and requirements. According to Starbucks, the farms must have safe working conditions and not use forced or child labour.” Source: https://www.dynamicinventory.net/starbucks-supply-chain-management/ Based on the above statement, it shows that managing sourcing is very important in supply chain management. i. In your opinion, what factors that Starbuck considered when making sourcing decisions?ii. Discuss some ways that firm such as Starbuck benefits from good sourcing decision.
- A.). What do you think of the statement “Boeing dug its own grave by outsourcing so much of the 787 to its supply chain? The firm could not possibly do an effective job of managing so many suppliers.” Take a for or against the position and justify the same. b) What are the advantages and disadvantages of allowing the suppliers to award contracts for their own supplies of the plane’s components?4) When a specific asset or resource cannot be traded in a market because it is specific to its business, it might be good idea to: a) Try to sell this resource anyway b) Contract (shrink) the business by divestiture c) Diversify by utilizing its resources to produce another product/service d) Just focus on other businessesDispersing particular value chain activities across many countries rather than concentrating them in a select few countries can be more advantageous, except when Group of answer choices buyer-related activities (such as sales, advertising, after-sale service, and technical assistance) need to take place close to buyers. there are diseconomies of scale in trying to operate from a single location. it helps hedge against the risks of exchange rate fluctuations, supply disruptions, and adverse political developments. buyers' demand for short delivery times and/or high transportation costs make it uneconomical to operate from one or just a few locations. there are reasons to decouple buyer-related activities in favor of locational advantages.