What will be  procurement strategy for a university plans to launch its new campus in the city. You need to Develop matrix showing, the nature of purchases, types and requisitions required for the complete setup

Q: _____________ strategy of supply chain is ideal for a scenario in which the estimated demand defines…

A: Supply chain management indicating the all process related to the movement of products and services…

Q: What is a Detail Diagram. What is a IPO diagram

A: The detail diagram is basically the detail explanation of the subject or the topic with drawing…

Q: You work for the Brad's Nailer Company which manufactures two types of nailers: a pneumatic model…

A: For scenario 3 Decision variables - x1 - Number of pneumatic nailers x2 - Number of Cordless nailers…

Q: 9 - Which of the following is one of the fastest and most common approaches to personnel procurement…

A: Personal procurement is the process of procuring and selecting the best person for the job in the…

Q: What is the effect of delayed differentiation strategy? a.The number of variants offered will be…

A: Delayed Differentiation refers to the postponement in the supply chain such as the manufacturing of…

Q: What events might occur when an organization is out of stock of a needed product? How might the cost…

A: Stock outs include a condition where, at the time of requirement, desired amounts of finished…

Q: A procurement system enables the firm to generate demand forecasts for a product and to develop…

A: A procurement system or buying system allows organizations to adjust the method of buying…

Q: Which of the following activities are required in the pre-award phase of the procurement process? a.…

A: Procurement process involves various stages such as pre-reward phase, award phase phase and post…

Q: You are the management accountant for a small company that makes and distributes picante sauce.…

A: Management accountants work for companies that are public or private and also for government…

Q: Company X has a demand of 75 Lakhs per year. Setup cost and holding cost are 29 and 35 per unit.…

A: Annual demand = 75 lakhs per year Setup cost = $29 per unit Holding cost = $35 per unit Number of…

Q: Sometimes a company may need to purchase goods or services that are unique, very complex, and/or…

A: Every company uses different methods for placing order of different kind of products with its…

Q: Sticky Fingers Inc. produces packing and masking tape. Last year’s annual report has been compiled,…

A: Hence, the inventory turnover is 6.67.

Q: Develop a procurement strategy for this new campus. You are required to made a matrix showing, the…

A: As per the question, an acquisition strategy needed to launch a replacement field refers to a long…

Q: Identify and explain the pros and cons of assigning the procurement responsibility to each…

A: Below is the solution:-

Q: WO (2) measures to be incorporated into a supply chain in ensuring the risk of Covid-19 is…

A: As Covid keeps on traveling all around the world, it is probably going to prompt creation and supply…

Q: The following table contains figures on the monthly volume and unit costs for a random sample of 16…

A: The given data is as follows:   ABC analysis helps us in determining the type of good and the value…

Q: Darren Company uses 36,000 yards of canvas each month to make tents.  It usually takes four (4) days…

A: This question is related to the topic of Inventory Management and this topic falls under the…

Q: Q1: Iqra University plans to launch its new campus at Bahria Town Karachi. This campus will…

A: So we can say that where I think As per the question, a procurement strategy required to launch a…

Q: What is a stock out? a. When stocks run out b. When stocks are left out. c. When stocks go up in…

A: The answer is as follows:

Q: What to purchase and when to purchase are strategic supply chain decisions. Select one: a. False b.…

A: Strategic decisions are required in warehouses, distribution centers, and determining which…

Q: 25_______ can be reduced by working closely with key suppliers: Select one: a. Synchronization b.…

A: Find the answers below: The correct answer is b) In-bound lead times

Q: Determine the number of cycles per day and a production quantity per cycle for this set of products…

A: Find the given details below: Given Details: Product  Daily Quantity F 2 G 11 H 5 K 9

Q: "Merchandise, raw materials and in-process or finished goods" is the Building and Personal Property…

A: Business Personal Property refers to the items that are movable. These items are owned by business.…

Q: How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types…

A: A procurement strategy is a cost-effective long-term plan to acquire the necessities such as…

Q: What is the purchasing procedure in e-commerce? Describe in detail using a diagram.

A: Below is the solution:-

Q: You work for the Brad's Nailer Company which manufactures two types of nailers: a pneumatic model…

A: Decision variables: X1 = Units of Pneum. model X2 = Units of Cordless model Objective function:…

Q: hat is more important for a purchasing transaction, price, timing or quality?

A: Purchasing is the process of acquiring products and services to achieve the company’s objective.

Q: rfp

A: True. A request for proposal (RFP) is an archive that solicits proposal, frequently made through a…

Q: What was Tinker's inventory turnover during 2020?

A: Cost of Goods Sold: 2019 = $ 770,0002020 = $ 750,000   Inventory: 2019 = $ 208,0002020 = $ 188,000

Q: Is the transformation of an organization to cost leadership a procurement responsibility,or a shared…

A: The transformation of an organization to cost leadership is acquired by shared responsibility. Cost…

Q: snip

A: A project is a company's task which has to be completed within a certain time period to get…

Q: What makes procurement a technical function? What impact does Government legislation have on…

A: 1.Procurement accounts for spending an association's income on getting labor and products. Aside…

Q: How much lead time does the supplier require?

A: Lead time is the time which passes from the beginning of the process until its conclusion.…

Q: The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds…

A: The EOQ is a company's ideal order quantity that reduces overall expenses associated with ordering,…

Q: anagement to use a multi-sourcing strategy? b) What sourc

A: Multi sourcing is a method in which outsourcing function is divided among various suppliers.  This…

Q: Company can increase performance by conform to the customer requirement. Do you agree? Why?

A: Yes, the company can increase performance by conforming to the customer requirement.

Q: In purchasing an item, there are two conceptual dimensions, generally speaking, either product or…

A: A product is a tangible in nature which can be acquired, consumed or owned which can be offered in…

Q: a-) What is the overstocking cost of the business in dollars/box?

A: The demand and possibility predictions are given in the table. Further it is provided, that the box…

Q: Kraljic matrix

A: This method is utilized in an increasingly competitive market to keep an eye on a company's…

Q: Assume that you are the Purchasing Manager recently joined to a manufacturing company which consists…

A: To: Managing Director From: Purchasing Manager Date: 28/Jan/2021 Sub: Advantages of regular meetings…

Q: What is the role of the cost accountant in an entity? What is the value of just in time inventory?…

A: Cost accounting is a form of managerial accounting that attempts to capture a company's overall…

Q: What cost segregation technique gives the most mathematically precise cost estimate?   a. Scatter…

A: THE ANSWER IS AS BELOW:

Q: What arguments would you use to justify the expenditure on evaluating performance?

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What will be the trend percentage, if the Inventory of a firm is 2,00,000; 2,40,000; 3,00,000 and…

A: A record's pattern rate in a specific year approaches that year's dollar total partitioned by its…

Q: What action does the Purchasing Officer take on receiving the requisition for raw material

A: Purchasing officer is the person who is in charge of an organization or firm purchasing raw…

Q: Assume that you are the Purchasing Manager recently joined to a manufacturing company which consists…

A: To: Managing Director  From: Purchasing Manager  Date: January 24, 2021  Subject: Benefits of…

Q: Examples of Raw Material (if needed) detailed of Suppliers; building materials

A: Operations management is an area of management dealing with production, storage and delivery of…

Aggregate Planning Strategies

On the basis of the demand forecast, an organization can complete its business plans. When the business plans are complete, an organization can work backward from the completed total sales to the raw materials needed. Thus, annual and quarterly plans are divided into labor, raw material, working capital, and other demands for a medium-term period (6 months to 18 months). This process of evaluating moderate production requirements is known as aggregate planning.