QUESTION 7 In sourcing, variable costs include: a All costs associated with an item except for the price paid for the product. b All costs associated with shipping an item c All costs associated with an item. d All costs associated with storing an item

QUESTION 7 In sourcing, variable costs include: a All costs associated with an item except for the price paid for the product. b All costs associated with shipping an item c All costs associated with an item. d All costs associated with storing an item

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Description: QUESTION 7In sourcing, variable costs include: aAll costs associated with an item except for the price paid for the product. bAll costs associated with shipping an item cAll costs associated with an item. dAll costs associated with storing an item

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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QUESTION 7

In sourcing, variable costs include:

	a	All costs associated with an item except for the price paid for the product.
	b	All costs associated with shipping an item
	c	All costs associated with an item.
	d	All costs associated with storing an item

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
Answer 12.10a-b
Q5. What are carrying and storage costs? Explain with examples of each.
Model most appropriate for making a one-time purchase of an item.
ca/d21/le/content/775993/viewContent/6496162/View YouTube W Maps 4. Retaining Walls R Us has received numerous complaints from its major customer Humungous Warehouse about the accuracy and reliability of its shipments. You decide to collect data on the defective shipments REASON FOR DEFECTIVE SHIPMENT No. OF INCORRECT No. OF SHIPMENTS BILL OF INCORRECT DAMAGED TRUCKS WEEK SHIPMENTS WITH DEFECTS LADING TRUCKLOAD PRODUCT LATE 1 23 31 8. 1 4. 1 3 28 6 3 1 4 37 11 4. 4 35 10 4 1. 6. 40 14 6. 3. 7. 41 12 3 1 8. 44 15 Heizer and Render, 2006 You have consistently exceeded your regular output of 30 shipments per week and wonder if that may have something to do with the number of defects. Develop a scatter diagram using total number of shipments and number of defective shipments. Does there appear to be a relationship? Civon thatunurwnrlıforco isc onal unu choclvour omnloumont rocorde for the last O vinolke 2. 13 View as
Please answer all sub-parts question
Question 1: Which of the following best defines " stockout costs"? options: A) They are physical goods used in operations. B) They are costs associated with retrieving inventory items from a workshop C) They are costs associated with interruptions to assembly lines D) They are associated with inventory being unavailable when needed to meet demand. E) None of the above. Question 2 At many LCBO stores in Ontario, Hennessy Cognac is kept in a clear locked case. Based on this information, according to the ABC Inventory Analysis method, is Hennessy most likely to be classified as an A item, a B item, a C item, or none of these? Question 2 options: A) C item B) None C) A item D) B item Question 3 What purpose does Rent the Runway's high-speed reverse logistics system serve? options: A) It allows the customers to return inventory to the fulfillment centre in record time. B) It allows the company to send inventory out to recipients (customers) in record time. C) It allows customers to return…
Q-4: Define and briefly explain the following methods of demand estimation with examples from the real world? a) Consumer Surveys b) Consumer Clinics c) Market Experiments
QUESTION 22 When Nike's customers trigger events in its supply chain by ordering a customized product, then the supply chain management is considered: O pull-based model push-based model Best-guesses model Build-to-stock
QUESTION 10 An Italian leather goods company that makes high-end shoes and belts is expanding its product line to include leather handbags. The firm hired consultants to conduct market research and determine the VTC for a popular handbag. The consultants established that this handbag's VTC was $1,200. The handbag has variable costs of $350. If the firm uses a skimming strategy, which of the following would be most likely to be the handbag's selling price? O $1,350 O $700 $675 O $1,100 O $450
This mcq Question from INTRODUCTION TO BUSINESS ADMINISTRATION course.
question #3 Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. With a safety stock of 300 boxes, what is the approximate service level (round to two decimals)? Numeric Response 84.13 * f5 10 f6 0 4- ♫+ fg C fil W f12. insert prt sc + 11 Ə ← delete backspace home num lock 4x D end 1:23 PM 11/15/2022 pg up