(1) Why can’t companies just stockpile hugeinventories of all the parts and materials they needrather than carefully manage supply from one day tothe next? (2) Why would a company invest time andmoney in helping its suppliers improve their businesspractices? Why not just dump underperformers andget better suppliers?

Q: What benefits are anticipated from the Managed Services offered by larger suppliers for businesses?

A: Managed services are the act of outsourcing the obligation regarding keeping up with, and expecting…

Q: When a specific asset or resource cannot be traded in a market because it is specific to its…

A: ANSWER: OPTION (C) IS THE CORRECT ANSWER.

Q: Explain why businesses should internalise production within the firm and what are the transaction…

A: Business is unpredictable and dynamic in nature. All processes and systems that are happening inside…

Q: Why should a business successfully integrate its outside suppliers?

A: Any supply chain must include external suppliers since they are an essential component. In the…

Q: Should companies always depend on external vendors for their software and hardware requirements?…

A: Investigating and finding suppliers, requesting quotations, establishing contracts, maintaining…

Q: What worries do you have about vendor relationships in terms of corporate security?

A: Maintaining a positive connection with your vendors helps foster a collaborative and mutually…

Q: Use the concept of elasticity of supply to explain why antique furniture is so expensive.

A: Before getting into the question, let’s first understand the meaning of Elasticity of Supply.…

Q: What Is Supplier’s Sourcing Strategies, Policies, andTechniques?

A: Strategies are the process of planning and directing in order to achieve long term goals and…

Q: In the event that a conventional physical retail establishment opts to leverage FBA, what would be…

A: In today's digital age, more and more retail establishments are looking to leverage online…

Q: What are some of the most critical skills that buying and supply chain managers would need in the…

A: Primary skills   The capacity for strategic planning and big thinking. This supply chain managers…

Q: What kinds of problems emerged as purchaser provider splits were in fact introduced into public…

A: A purchaser-provider split is a business arrangement wherein what will be produced under what…

Q: Porter's Five Forces model, and evaluate the power of Hershey's suppliers. Then write the definition…

A: The theory and practice of managing a complicated structure of procedures that runs from the…

Q: What procurement mistake would be the most detrimental for your organization and why?  Which one…

A: Regardless of whether you are running the procurement division in an organization, working a…

Q: How has the Internet's growth impacted how businesses predict in favour of their supply chain…

A: In today's society, organisations cannot function without the Internet. The internet is used to do a…

Q: What are the actions that the suppliers should promote?

A: A Small Introduction about Supply Management Supply chain management (SCM) is a discipline that…

Q: Why do some firms choose not to use the services of 3PL firms?

A: Companies do not use the services of 3PL firms due to the following reasons:

Q: Why has supply management traditionally not been involved in the corporate strategicplanning…

A: A disciplined and distinct interaction of authoritative exertion is pointed toward determining the…

Q: Discuss the effect of technology on the supplychain?

A: Introduction:- A supply chain is a connection that connects a corporation with its subcontractors in…

Q: Many organizations outsource their functions to specialist suppliers (e.g., for IT services, common…

A: The practice of delegating tasks and procedures inside an organisation to outside vendors is known…

Q: Why should a corporation successfully integrate its external suppliers?

A: To explain: The reason behind why should a corporation successfully integrate its external…

Q: The manufacturer of running shoes conducted a study on its newly developed jogging shoe. Listed are…

A: Given data, Type of Nonconformity Frequency Type of Nonconformity Frequency   Sole separation…

Q: Why can’t companies just stockpile huge inventories of allthe parts and materials they need rather…

A: Warehousing means storing the physical goods that need to be sold further to other countries, other…

Q: pend a little bit of time perusing Alibaba.com and looking at some samples of the things that are…

A: Transportation is one of the most important pillar of any commercial activity. A brick and mortor…

Q: It's worth noting that procurement is linked to one of the management processes in the executing…

A: Procurement is one of the most critical considerations when running a process because it lowers the…

Q: How, for example, is purchasing different from supply management?

A: To accomplish an aim, management is the planning and administration of tasks. These administration…