A car producer considers whether to buy the motor for its car from a supplier or to produce it. Which of the above is a transaction cost of buying
Q: Disscus benefits and risks of aggreting inventory in the supply chain . Include in the disscution an…
A: Aggregate inventory control maintains several individual products under each category.
Q: When a customer allows the supplier to manage inventory policy for an item or group of items.
A: Inventory management refers to the process including ordering, storing, and using a company's…
Q: Regal Marine finds that it must spend a huge portion of its revenue on purchases. Regal has also…
A: Regal has built a competitive and efficient supply chain in the production of the highest quality…
Q: You can better control your suppliers by having less new suppliers * True O False
A: A vendor, also known as a supplier, is an individual or a business substance that sells something.…
Q: For the purpose of supplier integration, in ______approach the buying organization consults…
A: Supplier integration is the communications and relations between the suppliers and customers with…
Q: Holding inventory in the supply chain involves numerous risks. Identify the risks and explain why…
A: Carrying inventory serves the primary goal of providing your consumers with the goods and services…
Q: Business ethics necessitate suppliers to underst- expect them to offer products which are going to…
A: Business - The activity which is related with the production and the manufacturing of the product…
Q: What is the term of shipping directly from the supplier to the end consumer rather than from the…
A: In organization products are introduced as per the requirements and needs of consumers. Every…
Q: When a buying team visit a potential supplier, what evidence might they find that managers are not…
A: Factors that lead to rejection of potential suppliers:
Q: A main reason to choose a new supplier is because their expected performance is better than the…
A: Keeping a new supplier is one of the most critical decisions a company will perform. A good…
Q: Is it true or false that a purchase order is legally binding once if is officially issued by the…
A: The purchase order is used for different reasons, 1) Clear expectations about the product that…
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: Do companies have an obligation to the employees of their suppliers? Why or why not
A: In a general context, companies are obliged to look after the interests and welfare of their…
Q: The maximum legal price which the suppliers can charge for a particular good or service is known…
A: Pricing is difficult due to various market capabilities and pricing arrangements around the globe.…
Q: A supply chain that must deal with high levels of both supply and demand uncertainty.
A: A supply chain that must deal with high levels of both supply and demand uncertainty is known as the…
Q: What factors cause the company to carry minimal amounts of certain inventories? What benefits result…
A: Sometimes it happens that if the organization maintains a high level of inventory for the final…
Q: Your widget factory requires GWium for polishing. GWium is expensive but worth it and a little goes…
A: Given Information: Each widget requires 0.1 ounces of GWium to produce Supply contract: 10,000…
Q: Put the following steps of the purchasing process in the correct order. Label # 1 being the first…
A: The consumer purchase decision process refers to the process through which a consumer goes when he…
Q: Please select the correct order of operations from first to last in the procurement process: PAy…
A: Given the order of operations: 1. Pay for goods 2. Receive the invoice ( 3-way match) 3. Create a…
Q: Module: Principles of Purchasing & Supplies. Qn: Explain how the Push and Pull factor effect can…
A: The goal of a push and pull distribution strategy is to guide your promotional path to market.…
Q: The fewer different suppliers a firm has, the greater control it can exercise over suppliers O True…
A: The correct answer is False Because Suppliers are the third party organizations that supply goods…
Q: A company that manufactures cars would use about 50,000 steering wheels per year. Such steering…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: a manufacturer produces a crib at a cost of $120 and adds a markup of 65% of the cost to determine…
A: Cost to produce Crib = $120 Adds markup cost = 65% Discount = 20%
Q: Which of the following is not a way of evaluating suppliers? A) the physical location of the…
A: Option B is the correct answer.
Q: Suppose that a large discount retailer with a lot of purchasing power in a supply chain requires…
A: A new information system will reduce the cost of placing orders between the retailers and its…
Q: Annual demand for your product is 50,000 units. Holding cost is 25% of the value of the item. The…
A: Economic order quantity = [(2*annual demand*cost per order/holding cost)]^1/2 annual demand =…
Q: . Supplier is an entity that supplies goods and services to another organization A. True B. False
A: A supplier is a person or an entity that gives a thing or organization to another component. The…
Q: dinars annually, find the following: break-even point (quantities), break-even point (values),…
A:
Q: In a SUPPLIER and PART relations, when each supplier can supply more than one part, but each part…
A: In a supplier and part relations, if each supplier supplies more than one part and in return, each…
Q: What would a manager do if they noticed they received a damaged product after they signed the…
A: Shipping claims are important to be understood by both, the buyer and the vendor. Because for…
Q: What would be the relationship (one-to-one, one-to-many, or many-to-many) relationship between:…
A: One-to-one relationships partner one record in one table with a solitary record in the other table.…
Q: Corporations and public bodies often define procurement processes intended to promote fair and open…
A: The answer is as below:
Q: Where does a customer who is unfamiliar with a certain supplier obtain then necessary information?
A: Supply chain can be described as the network which is created between the organization and its raw…
Q: snip
A: The supply preference model is an essential procurement tool. It is also called supplier's…
Q: A purchasing agent need not worry about a tiny difference in price when a large quantity is being…
A: Distribution implies dispersal and placement of goods and services at the right location for selling…
Q: If a supplier has a weak area, under what conditions would supplierdevelopment be appropriate?
A: Supplier selection is a necessary process in procurement because it determines the final product…
Q: A watch store owner decided to offer 20% discount for a particular brand of watch that sells at 35,…
A: The above question is from the topic Calculation of Gross Profit. To calculate the profit or loss of…
Q: Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their…
A: The topics that non purchasing personnel should be allowed to talk about with their counterparts at…
Q: If a supplier has some are as of weak performance, when would it be better to find ways of…
A: Supplier performance: Supplier performance is essential in business practice, it not only enhances…
Q: Which of the following would be a transaction file? customers Sales invoices. inventory suppliers
A: Transaction file are those records/data which are used to update the master data on real time basis.…
Q: data outright. As the purchaser you will have to utilize reverse price analysis, describe the…
A: For reverse pricing analysis, there is no one-size-fits-all method for determining the cost.
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: Which of these situations is likely to cause high bargaining power of suppliers? a.A few large…
A: Bargaining power is the ability to influence the other party to purchase or sell a particular…
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…
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- In the following quote: "The BFOQ standard adopted in the statute is one of“ reasonable necessity, ”not reasonableness." What is the distinction between "reasonable necessity" and "reasonableness?"Determine the type of risk response being described in each case.Mr. Author annually publishes a new version of his textbook. He acknowledges that some students will use the old version instead. He also understands that some students will obtain a fake copy of his book. This will like reduce his sales volume. a. Avoidanceb. Mitigationc/ AcceptanceABC Corporation does not want to be liable for transportation losses. It sells only with the terms FOB Shipping point. a. Avoidanceb. Mitigationc. AcceptanceEmployees are required to participate in the annual earthquake drill. They are reminded to keep calm to avoid stampedes. a. Avoidanceb. Mitigationc. Acceptance5. Your company purchases a water solution containing 3 chemicals A, B, and C. A recent shipment of 10,000 kg contains 6% A, 13% Band 19% C. The bill submitted by the supplier is P 1125. This does not include shipping, which is a separate item. Your superior feels he is being overcharged and asks you to check. In looking over past records, you find this information: Shipment Kg shipped %A %B %C Total Cost 1 6000 10 23 589.90 2 4000 10 12 20 461.60 3 6000 7 10 22 654.60 What is your report to your supervisor?
- You are in the train station waiting for your train to arrive. You see a vending machine from where youcan buy snacks and chips for $3.50. Posted on the machine is a sign saying: “Property of XYZVendsolutions Pty Ltd”. You insert the coins required into the machine and out comes a packet ofchips. However, when you open the packet of chips, you find bits of plastic inside and you don’t wantto eat the chips. You want your money back.Required:With reference to the essential elements for the formation of a contract, explain:a) Did you enter into a contract in this scenario? b) If yes, with whom did you enter a contract? I know the answer, but need help in more detailed information on both a and b.Which of the following terms best describes the action that is taken once a mortgage loan has b Closure BO Refinance O Reconveyance DO Substitution of trustee OC infSuppose you are starting a new outdoor adventure business. You enter into an agreement with your best friend who sells camping tents wholesale for the purchase of 100 tents to be delivered to your retail storefront on Friday. Because you are best friends, you do not bother to negotiate any terms other than price and delivery date. Suppose that your best friend sends you the wrong tents instead, and 15 of them are damaged. Must you accept the tents? What are the legal options for you? What are the parties’ rights and responsibilities regarding the sale? Who will bear the risk of the lost?
- Two hundred sausages were required for a barbecue. One-tenth of them were donated by aparent, 25 had been left in the freezer from a previous occasion, and a local butcher gaveone-quarter of the total free. The rest had to be bought at wholesale price. What fractionhad to be bought?Which of the following is not a true statement: A. In a risked based agreement, the provider shares a portion of the risk for medical cost B. In a non-risked based agreement, provider shares no risk for medical cost C. In a capitated arrangement, all of the risk is on the health plan D. In a value based payment arrangement, the payment is impacted by both cost and qualityWhich of the following is true of consignment arrangements? a. In consignment arrangements, the sellers earn a fee when the consigned goods are sold. b. Retailers find consignment arrangements unattractive because these result in increased investment in inventory for them. c. Goods are included in the seller's inventory under consignment arrangements.
- Belletricity Inc., a medium electronic circuit board manufacturer in the US, is a long-term supplier to Morden Equipment (ME). ME is Belletricity’s only client. Every year, Belletricity sells around 5 million circuit boards to ME, which occupies Belletricity’s full production capacity. In 2012, ME informed Belletricity that due to business expansion, ME would increase the purchase from 5 million to 15 million starting from 2013. Belletricity has been selling circuit boards at the unit rate of USD 0.8 to ME so far. Due to the future increase of the buying volume, ME therefore asked Belletricity a price cut to USD 0.6 each. After negotiation, ME agreed to buy from Belletricity at the price of USD 1.00 starting 2013, for three years consecutively, till 2015. a) What was the rationale behind that ME agreed to pay a higher price to buy from Belletricity for the next three years? b) Why could Belletricity successfully persuade ME to accept her requested price?Situation You are the person in charge of ordering computer hardware from Merlin Computers. The items included twenty monitors and ten servers. Unfortunately, the items arrived a month late than the promised date of delivery. On top of that, two of the monitors were found defective. Merlin Computers has been notified about the defects and promised to solve the issue promptly. However, no action has been taken to date. Additionally, there was a mistake on the price quoted in the invoice received. You called them to address the matters, but no one could find a record of your order. Task Write a complaint email within 220 words to Merlin Computers about the matters. Your email should: 1. have a concise subject. 2. state the problems in detail. 3. state the actions needed to be taken by Merlin Computers. 4. reflect professional tone.Which of the following procedures will best detect the theft of valuable items froman inventory that consists of hundreds of different items selling for $1 to $10 and afew items selling for hundreds of dollars?(1) Maintain a perpetual inventory master file of only the more valuable items withfrequent periodic verification of the validity of the perpetuals.(2) Have an independent CPA firm prepare an internal control report on the effectiveness of the administrative and accounting controls over inventory.(3) Have separate warehouse space for the more valuable items with sequentiallynumbered tags.(4) Require an authorized officer’s signature on all requisitions for the more valuableitems.