Answered: Value chain, Total life cycle, Target…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Why would this cause a procurement professional to integrate with trucking or train companies more intensely? With the Mississippi River at its 8th-lowest water level on record, grounding risk has increased for barge operators,and multiple groundings have been reported on the Lower MississippiOn Tuesday, the U.S. Coast Guard relayed reports of new barge groundings near Stack Island, Mississippi andMemphis, Tennessee, and waterway closures are in effect around both sites. Coast Guard Sector Lower MississippiRiver has reported eight groundings in the past week due to low water levels. "Due to low water levels on the Lower Mississippi River, we have seen an increase in commercial vesselgroundings," said Capt. Eric Carrero, Director of Western Rivers and Waterways at Coast Guard District Eight. "Inresponse, the Coast Guard established a Marine Transportation System Recovery Unit with our federal, state, local,and maritime industry partners to facilitate safe navigation and the continued…
Managing the risk of material misstatement in the purchasing process is critical. Identify two different industries and analyze how these risks differ from one industry to the other. Also, identify internal controls that could help to keep these misstatements to a minimum.
How the selection of supplier is done?

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Value chain, Total life cycle, Target costing and Kaizen Costing are come in step by step while analyzing the scope of technical consideration. Can you relate it by giving an example that clear the relationship of these four concepts.