Match the following component of a Porter’s 5 Forces analysis to the correct description: Supplier power       The ability of customers to influence the price which firms can charge for good/service       The number of firms offering a directly related product and the intensity of competition between them and the focal firm       The ease with which consumers can switch to a related, but different, good/service in place of the products offered by the company       How difficult is it for new firms to join the industry       The extent to which distributors can influence the cost of inputs for the firm

Q: Atlas Hardware buys power tools with a list price of $23,500. If the supplier offers trade discounts…

A: The objective of the question is to find the total trade discount amount for the power tools…

Q: What criteria are most valuable when considering whether a supplier should be involved in a new…

A: The process of bringing or launching a new product into the market is known as new product…

Q: In an effort to communicate purchasing desires to a supplier, a company may share a supplier's sales…

A: The effective management of an organization's resources search and a combination of efficiency and…

Q: When might a purchaser select a supplier that is having financial difficulties?

A: ANSWER: Supplier selection and evaluation process include accessing new and existing suppliers with…

Q: Explain when might a purchaser select a supplier that is having financial difficulties?

A: Contacting new and existing suppliers to determine their delivery, management, and service quality…

Q: Supplier development is any activities that buyer undertakes to improve a supplier’s performance in…

A: Meaning of Supplier Development:- Provider advancement is the way toward working with specific…

Aggregate Planning Strategies

On the basis of the demand forecast, an organization can complete its business plans. When the business plans are complete, an organization can work backward from the completed total sales to the raw materials needed. Thus, annual and quarterly plans are divided into labor, raw material, working capital, and other demands for a medium-term period (6 months to 18 months). This process of evaluating moderate production requirements is known as aggregate planning.