Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Analyse which type of supplier relationship the South African organisation should engage with its Chinese supplier. Note: (Discuss 2 types of Supplier Relationship management) You are required to identify the type of supplier relationship and justify your choice with the support of theory and application to the scenario and practical case study provided. Please note you are required to show your knowledge through application and full marks will not be awarded if only theory is provided.

Analyse which type of supplier relationship the South African organisation should engage with its Chinese supplier. Note: (Discuss 2 types of Supplier Relationship management) You are required to identify the type of supplier relationship and justify your choice with the support of theory and application to the scenario and practical case study provided. Please note you are required to show your knowledge through application and full marks will not be awarded if only theory is provided.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

Analyse which type of supplier relationship the South African organisation should engage with its Chinese supplier.
Note: (Discuss 2 types of Supplier Relationship management)
You are required to identify the type of supplier relationship and justify your choice with the support of theory and application to the scenario and practical case study provided. Please note you are required
to show your knowledge through application and full marks will not be awarded if only theory is provided.

Global supply chain crisis caused by Covid-19 threatens Christmas joy around the world As Covid-19 threatens to steal Christmas again with the emergence of the Omicron variant, those celebrating should also expect higher prices and fewer choices due to the global supply chain crisis. According to the South China Morning Post, the global supply chain has taken massive strain since the start of the pandemic, which continues to affect the flow of goods from China and has led to rising shipment costs. Despite the increase in retail figures, a shortage of various items such as chemicals, microchips and paint needed to manufacture and produce finished goods has increased production costs. "Shipments were delayed by a month and prices are higher than before," said We Zhishan, a store manager at Yiwu, International Trade Market. "Containers are up to US$630 more expensive, depending on regions and countries," he said. A report by the New York Times explained that scarcity has caused the spike in prices, which began when manufacturing companies were forced to shut down or reduce production due to strict lockdown measures. "In response, shipping companies cut their schedules in anticipation of a drop in demand for moving goods around the world," read the report. Meanwhile, people around the world prepared for the "new normal" by creating home offices and home gyms and purchasing items such as printers and gaming consoles, as well as paint and machinery for DIY projects. As many factories slowly reopened and began ramping up their production, the shortage in items needed to produce these goods created a backlog as demand continued to rise. At the same time, those products which had been finished and sent for delivery to their respective countries and regions could not be delivered due to a shortage of containers, and they piled up in warehouses across Asia.
Transcribed Image Text:Global supply chain crisis caused by Covid-19 threatens Christmas joy around the world As Covid-19 threatens to steal Christmas again with the emergence of the Omicron variant, those celebrating should also expect higher prices and fewer choices due to the global supply chain crisis. According to the South China Morning Post, the global supply chain has taken massive strain since the start of the pandemic, which continues to affect the flow of goods from China and has led to rising shipment costs. Despite the increase in retail figures, a shortage of various items such as chemicals, microchips and paint needed to manufacture and produce finished goods has increased production costs. "Shipments were delayed by a month and prices are higher than before," said We Zhishan, a store manager at Yiwu, International Trade Market. "Containers are up to US$630 more expensive, depending on regions and countries," he said. A report by the New York Times explained that scarcity has caused the spike in prices, which began when manufacturing companies were forced to shut down or reduce production due to strict lockdown measures. "In response, shipping companies cut their schedules in anticipation of a drop in demand for moving goods around the world," read the report. Meanwhile, people around the world prepared for the "new normal" by creating home offices and home gyms and purchasing items such as printers and gaming consoles, as well as paint and machinery for DIY projects. As many factories slowly reopened and began ramping up their production, the shortage in items needed to produce these goods created a backlog as demand continued to rise. At the same time, those products which had been finished and sent for delivery to their respective countries and regions could not be delivered due to a shortage of containers, and they piled up in warehouses across Asia.
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS