You have ordered expensive Bisazza marble for your new house. After giving 50% advance you realized that you can get cheaper materials from another person. The materials are packed and about to be delivered, but you don’t want to pay balance. a) Analyze buyer’s breach from the above case. b) How the seller will protect himself as the materials are packed.

You have ordered expensive Bisazza marble for your new house. After giving 50% advance you realized that you can get cheaper materials from another person. The materials are packed and about to be delivered, but you don’t want to pay balance. a) Analyze buyer’s breach from the above case. b) How the seller will protect himself as the materials are packed.

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

ChapterC: Cases

Section: Chapter Questions

Problem 5.3SA

See similar textbooks

Similar questions

4. Analyse and explain ONE key risk the company faced when it operates overseas. 5. With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain.
Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. True
WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF THE GIVEN COURSES OF ACTION TO THE CASE: 1. Implementation of Return and Exchange Policy 2. Hire a Quality Assurance Specialist 3. Conduct an Actual Investigation and Technical Observation, then Provide a solution to the problems detected.
What is the difference documentary collection and documentary credit (letter of credit)?
Q: What is the purpose for providing a fair system of tendering? Explain using your own words why it is required to have a fair tendering system/process contract and support your answer with one or more example(s).
Required: • Identify the issue/problem • Prepare Alternative Courses of Action (3-5 ACA) • Recommend the best course of action.
II. Formulate recommendation and strategies on how to minimize a business negative impact and maximize its positive impact on suppliers and investors Ways on how to minimize the negative impact of a business on supplier and investors: (list as many as you can) Ways on how to maximize the positive impact of a business on suppliers and invetors: (list as many as you can)
Please answer the subparts only: • advantages and disadvantages • best solution • conclusion
Q5. How do you identify an asset with reference to AASB? How should an asset be recognized in the financial statement? How should assets be measured?
Scenario 1: Receiving GiftsYou are the Director of Contracts at the Ministry of Energy. During theChristmas season, one of the Oil and Gas Companies sent a hamperof expensive goodies personally addressed to you at the office. Whatactions might you want to take?
2. Karen Weber, the purchasing agent for Smith Manufacturing, views the purchase of widgets as a routine buying decision. What factors might lead her to alter this position? More important, what factors determine whether Karen considers a particular supplier, such as Albany Widget?
1. What risk can a business face due to a supplier and explain the foloowing risk control steps that a business can put in place regarding its supplier and provide examples: Identify key suppliers of goods, services Identify key markets Investigate alternative suppliers and markets Assess the vulnerability of the supplier and market to loss of assets Assess the ability of the key supplier and market to recover from loss or damage to their assets. 2. Discuss administrative costs. Provide a practical example to explain administrative costs: Clerical costs in the handling of insurance matters The cost of handling self-insured losses The cost of reporting and investigating loss occurrences The cost of an in-house risk management department The cost of a risk management broker 3. Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing.