Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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What can you do to help your business when the supplier power is high?
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- There are major advantages to transferring technical specialists into procurement whereby they can add their expertise to commercial decisions. Would you agree with this? Why?arrow_forwardWhile Microsoft has stopped providing security updates for Windows Server 2003, it is still being used by an unknown number of computers. When a supplier ceases providing updates for a particular piece of software or hardware, what dangers does it pose to a business?arrow_forwardDescribe how you would assess choosing a supplier based in one country over a supplier based in another country? What, if anything, would be a "no-go" level of risk?arrow_forward
- The cost of monitoring and evaluating the performance of suppliers can be high. What arguments would you use to justify the expenditure on evaluating performance? What steps might you take to minimise such expenditure? What are the benefits to suppliers in you evaluating their performance?arrow_forwardThe local buyer at Integrated Devices did not seem pleased that a corporate team selected the supplier that the local plants must use. Why do firms use corporate commodity teams to select suppliers? How can firms get support from plant personnel for companywide suppliers?arrow_forwardDiscuss what are the reasons why top management commitment is essential to the success of supplier management and developmenarrow_forward
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