Explain the issue of downsizing the purchasing department .advantages & disadvantages. When it can be used. Give examples in the world-wide.
Q: Critically expain how measurement of performance within the procurement and supply department an…
A: The supply chain is the management of the flow of goods and services it helps in planning,…
Q: Given the trends described in this chapter, what do you think the future purchasing organization…
A: The future of the business is gradually changing and new technology and innovations placed into…
Q: )explain the challenges in carrying out procurement plan
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Explain the term Purchasing officers?
A: The role of procurement departments in nurturing the financial health of organizations cannot be…
Q: How do you think that a procurement strategy can be directly linked to the organization’s strategy…
A: A procurement strategy deals with how a business deals with its procurement processes. The…
Q: how to overcome ethical dilemmas that may be encountered by public procurement committee
A: The responsibility of the public procurement committee is to 1) Review the case of the business…
Q: b) As a purchasing manager of a big retailer that operates a chain of grocery stores, discuss four…
A: SCM:- A solid supply chain management (SCM) system can help you with both of these goals. In this…
Q: Use an example to describe the procurement cycle of a company (cycle among User department,…
A: Procurement Process: Procurement process contains the series of actions to collect…
Q: What is the rationale for colocating internal customer purchasing personnel?
A: Indeed, a point of controversy is the strongest organisational framework. For an advanced supply…
Q: Explain how the purchasing interacts with two other functional areas of an organization ?
A: I have referenced underneath how buying collaborate with other two divisions Accounting and…
Q: Why is it necessary to consider "uncertainty" when evaluating supplychain process
A: A supply chain is a network of suppliers, manufacturers, retailers/wholesalers, and customers.
Q: 4. From the information given find the overall food cost. (Show all workings). Items Sales Hot Dog…
A: The above question is from the subject : Economics The answer to the question is given below:
Q: to create strategic sourcing metric to reduce cost and enhance efficiency
A: The Kraljic framework is a technique for characterizing and dissecting the buying portfolio to…
Q: supply and what are its approaches/types
A: Business in simple words is buying and selling of goods and services. For the transaction to take…
Q: What are the conflicting objectives in procurement chain. Provide relevant example to support the…
A: Procurement Chain : In order to make profit a company should reduce its cost of procuring goods and…
Q: Name, and give an example of, the five dimensions ofsocially responsible purchasing.
A: In operations, the purchasing of raw material or any kind of purchase is done by the manufacturer…
Q: What can be the performance indices for a purchasing department of an organization? How can a…
A: Purchasing department efficiency and effectiveness may be ensured by keeping an eye on key…
Q: business model for capitalizing value from not just products but also service offerings
A: USAA business model works in providing the below offerings: Claims Insurance Banking Investment…
Q: 2. Discuss three (3) areas of importance in the procurement process.
A: Streamlining an organization's procurement process and achieving desired objectives while saving…
Q: Using any business of choice, examine the stages of its purchasing cycle.This should be…
A: The purchasing cycle is a helpful step-by-step process to effectively purchasing. This will help an…
Q: . Examine the differences between purchasing and supply management
A: Supply chain management is the management that manages the production process from raw material to…
Q: A copmany recently budgeted to invest in Information & Technology and have assigned that the…
A: Procurement is a vital key course of each industry to fulfill its clients by conveying the right…
Q: The objectives of procurement and purchasing function at the organization have evolved far beyond…
A: The role of procurement and purchasing function has evolved over the years to encompass more than…
Q: What is the logic behind colocating purchasing personnell with internal customers?
A: The best management structure is still a point of contention today. With a buying system and a…
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- Determine the best decision for a profit-making matrix given below according to Laplace criteria.1) What are the key performance indicators used in retail stock management? Explain each indicator with an example.I) WHY is the purchasing function experiencing an increase in strategic importance? ii) Which competitive priorities, i.e., cost, quality, cycle time, and flexibility, does purchasing function affect?
- What is the purchasing and supply strategy?Given the data in the Table Below, you are requested tohelp Ms. Meticulous in deciding what firm shall she choose in order to satisfyher criteria as illustrated in the Table. Show your solution and/or justificationwhy? Criteria Weights percriterionbased on herimportance Supplier 1 Supplier 2 Supplier 3 Price 40 % 8 9 10Accessibility 50 % 7 10 10 Customer-friendly (after sales service) 10% 10 10 9TOTAL 25 29 29Why are more top managers recognizing the importance of purchasing/supply management?
- Explain Briefly. 1. In selecting a target market, what must the engineer manager do? 2. Determination of fund requirements are? Describe each. 3. What are the sources of Funds? Explain each.oes the nature of the internet naturally lead to dominant firms in ecommerce marketsDiscuss any compliance and/or regulatory issues you think would be involved in the companies you have selected as they relate to the cost of the products made. For example, are there strict regulations on product pricing, tariffs imposed on raw materials needed to make the products, strict regulations on the wages paid to workers, etc. The compainies I choose was Verizon (United States) and Vadophone (Italy) in the telecomunications industry This is a 5301 Managerial Applications of Accounting
- SLO 5.1. The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on: The organization’s stage of development and/or sophisticationThe industry in which it operatesThe organization’s competitive positionThe organization’s stage of development and/or sophistication, the industry in which it operates, and the organization’s competitive positionThe organization’s stage of development and/or sophistication, and the industry in which it operates NEWSLO 5.2. Purchasing, supply management, and procurement are used interchangeably to refer to the: Integration of related functions to provide effective and efficient materials and services to the organizationTracing of a product or service through its various moves and transformations, and identifying the costs added at each successive stageA systems approach to managing the entire flow of information, materials, and services from raw materials suppliers…How are Competitive Strategy and Competitive Forces relevant to MIS, and how does MIS use them to make decisions or assist managers in making decisions? Use appropriate examples to explain.Employers are increasingly engaging in value-based purchasing activities. From a provider perspective, is this movement a good thing? What are some of the key advantages and disadvantages?