What are the four foundation elements of supply chain management? Describe someactivities within each element.Q.1Q.2 Describe centralized and decentralized purchasing and their advantages.Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?Q.4 Explain the difference between a time series model and an associative model. Under whatconditions would one model be preferred to the other?Q.5 Explain why lean production and Six Sigma are so important to successful supply chainmanagement.Q.6 What are the impacts of logistics on environmental sustainability? How can these impactsbe minimized?Q.7 How do supply chain management activities differ between services and manufacturingcompanies? In what ways are these activities alike?Q.8Describe the four perspectives of the balanced scorecard. How is this model different froma set of world-class performance measures?

Answer 1 Supply chain management Planning and managing all activities involved in sourcing and…

Q.1 What are the four foundation elements of supply chain management? Describe some activities within each element. Q.2 Describe centralized and decentralized purchasing and their advantages. Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?

Q.1 What are the four foundation elements of supply chain management? Describe some activities within each element. Q.2 Describe centralized and decentralized purchasing and their advantages. Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

What are the four foundation elements of supply chain management? Describe some
activities within each element.
Q.1
Q.2 Describe centralized and decentralized purchasing and their advantages.
Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?
Q.4 Explain the difference between a time series model and an associative model. Under what
conditions would one model be preferred to the other?
Q.5 Explain why lean production and Six Sigma are so important to successful supply chain
management.
Q.6 What are the impacts of logistics on environmental sustainability? How can these impacts
be minimized?
Q.7 How do supply chain management activities differ between services and manufacturing
companies? In what ways are these activities alike?
Q.8
Describe the four perspectives of the balanced scorecard. How is this model different from
a set of world-class performance measures?

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Specific Instructions: Identify the factor/s affecting the supply and/or demand for each of the underlined good or service . Start from an initial equilibrium market condition (see figure below) and then illustrate the shift/s in the supply and/or demand curve/s Assume equal magnitude of shift in the supply and demand curves. Label all figures and use an arrow to show the direction of the shift. P P Q 1. Onion farmers in Occidental Mindoro and Ilocos Sur used high-yielding varieties and adopted the Code of Good Agricultural Practices (GAP) for onion production. 2. The African Swine Fever (ASF) forced many hog raisers to perform culling. On the other hand, the government increased the minimum access volume and lowered the tariffs for pork. 3. The Department of Agriculture installed tramlines in cabbage-growing areas in the northern area of the Philippines. This resulted in farmers being able to bring down their produce for pick-up by traders along the highways.