Answered: Discuss the importance of the P2P to…

Discuss the importance of the P2P to both the supplier including the impact on the relationship. Do you have an example of the P2P systems not working as it should in your own purchasing history?

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 4DQ

See similar textbooks

Related questions

Q: The six sigma methodology have an important place for developing and reducing the actions which do…

A: Six Sigma is considered as a set of techniques used for process improvement. It is one of the best…

Q: What are the attributes of good supplier?

A: Supplier is the individual or organization who provides the products and services to the customers…

Q: Recognize the Need for Supplier Selection?

A: The process of identifying, evaluating and entering into contract with a supplier is known as…

Q: CRM packages that are available in the market place are not customized? Do you think they have value…

A: Introduction CRM philosophy refers to how firms manage communications with customers and creating…

Q: You have been appointed as a product development specialist at a fast-moving consumer goods company.…

A: The product life cycle is the journey of all products where a product is launched in a particular…

Q: How should I approach this 2 page miinimum question "The Organisation not only buys parts or…

A: Looking through a multitude of pricing lists isn't enough to choose the right provider. A range of…

Q: Give example of supplier selection strategy and explain it?

A: The Supplier Selection strategy with example as follows:

Q: Based on your previous product selection either a good or a service, what are the quality dimensions…

A: Managing raw materials as part of the quality system of the organization helps to ensure that the…

Q: You have just started work as the Supply Chain Manager for Skateboards company These powered skate…

A: Disclaimer- Since you have asked multiple questions we will solve the first question for you. If you…

Q: Why is measurement so important to supplier quality?

A: A quality management solution for manufacturers can help companies reduce returns by promoting…

Q: What threemethods would you think have the largest impact on reducing supplier selection time?

A: Supplier selection is one of the important tasks for every organization. The organization has…

Q: Why is it important to capture the transaction-level data associated with all purchasing processes?

A: Transactional data is associated with an organization’s transaction data that is stored when a sale…

Q: Discuss how the financial supply chain can be diagnosed for pain points and how financial pain on…

A: Improved supply chain performance directly improves the processes, increases customer satisfaction,…

Q: How is sensor technology used in package monitoring?

A: Many attributes of a container can be monitored, such as liquid or powder levels, temperature of…

Q: Discuss the possible advantages of negotiating quality requirements directly into supplier…

A: A business always contracts with the supplier regarding the cost, quality, and quantity of the…

Q: Implement the Product Process Matrix and formulate a sound Purchasing and Supply Strategy. You are…

A: Supply chain management is the handling of the entire production flow of goods services- starting…

Q: Research has revealed that no single approach to supplier development is effective in achieving…

A: Supplier expansion is the procedure of working with specific suppliers on a one-to-one base to…

Q: Discuss the major difference between cost-reduction and cost-avoidance measures. Why have some…

A: Cost - It is the amount if money which us used in the production or un the delivery of certain…

Q: In terms of manufacturers, what are the features of supplier partnerships?

A: Customer order fulfilment refers to the process of gathering orders, packing them, and sending them…

Q: You have just started work as the Supply Chain Manager for Skateboards company These powered skate…

A: Disclaimer- Since you have asked multiple questions, we will solve the first question for you. If…

Q: Which of the following three strategies do you believe would have the greatest effect on reducing…

A: One of the most important tasks for any company is selecting suppliers. The company has chosen from…

Q: Is the supplier capable of hitting affordable targets regarding cost, quality, conductivity, weight,…

A: What makes a business lead towards success and running is the efficiency and inefficiency of the…

Q: What Is Key Supplier Evaluation Criteria?

A: A strong supply chain is the foundation of a profitable company. Regardless of the business, close…

Q: Will the supplier share cost data?

A: Supplier selection is one of the important tasks for every organization. Organization has selected…

Q: What are the advantages of assigning numerical scores to the categories andsubcategories included in…

A: A supplier survey is used by an organization to gather information from current and/or prospective…

Q: Suppliers can provide companies lots of insight during new the product development stage. Name three…

A: Below is the solution:-

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: Why Be Concerned with Supplier Quality?

A: Supplier Quality Supplier quality is the ability of a supplier to provide products or services that…

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: Reducing Supplier Evaluation and SelectionCycle Time?

A: Supplier evaluation means the potential suppliers available for the business have to be analyzed…

Q: snip

A: Someone complains about a supplier who makes mistakes and a manager shrugs and says, “At least…

Q: What are the advantages of assigning numerical scores to the factors in a supplier scorecard?

A: A supplier scorecard is an evaluating tool that can be used to assess the performance ofvarious…

Q: what are the reasons why top management commitment is essential to the success of supplier mangment…

A: Supplier management:Supplier management and development is an important aspect of the manufacturing…

Q: Distinguish between supplier audits and supplier scorecards.When should each be used?

A: Supplier Audits refers to the approach that occurs during the audit, it follows some course of…

Q: What are the characteristics of supplier partnerships withrespect to suppliers?

A: Customer order fulfillment refers to fulfilling the order received from customers or it is a process…

Q: Explain supplier selection strategies with examples?

A: First and foremost, put the people first. A successful transition from alone claim to fame producer…

Q: Does the supplier have bar coding capability or radio frequency identification (RFID) technology?

A: Suppliers have both the technology to use. A barcode tag is a visual portrayal of information that…

Question

Discuss the importance of the P2P to both the supplier including the impact on the relationship. Do you have an example of the P2P systems not working as it should in your own purchasing history?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Is the supplier capable of hitting affordable targets regarding cost, quality, conductivity, weight, and other performance criteria?
What are the risk measurement for the supply chain? Including statistics for one or two measurements.
Please briefly explain why the correct option is right and why the other options are incorrect. 1) Which of the following is the PRIMARY reason for institutionalizing continuous improvement in the supply chain? a)To help suppliers enhance capability in their processes, allowing both the buyer and supplier to reap the benefits b)To determine where the supplier is making errors without raising costs in the supply chain c)To enable suppliers to voice concerns about how the organization is managing contracts with the supplier d)To make the buying organization more receptive to supplier concerns, including any negative feedback
Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their counterparts at suppliers. Develop a list of topics that only purchasing should be allowed to talk about with suppliers.
Why is it important to capture the transaction-level data associated with all purchasing processes?
how would you ensure quality of suppliers during a crisis?
why are Certified suppliers necessary to ensure that suppliers havea good quality system in place for the ongoing production of products or services?
Explain why do you think is it important to ponder on uncertainty when assessing supply chain design decisions? And also elaborate on some of the sources of uncertainty that can have an impact on the value of supply chain decisions?
Propose an idea for a product that has sustainability concepts designed from the outset. How does this change your thinking about the resources you might use? How might it change processes of decision-making within the firm and across supply chains?