Bundle: Essentials of Business Communication, Loose-leaf Version, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
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Chapter 11, Problem 11.7AAC
Summary Introduction

To think critically about:

Effective telephone skills for a telephone caller and receiver.

Introduction:

Five situations are given to effectively carry out professional telephone conversations.

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Being in the procurement team for one of the major automotive companies such as GM or Toyota. How to Appraise the best strategy to source for microchips based on portfolio analysis. Give reasons to support in the context of the automotive industry. Note: The procurement spend on microchips is a small fraction of the Bill Of Materials (BOM) of an automobile.
One of the challenging issues in determining the appropriate sourcing strategy is whether a company should choose 'single sourcing (i.e. the company buys the entire item from one supplier)' or multiple sourcing (i.e. the company buys an item from more than one suppliers)'. Using the five objectives of procurement Examine which procurement objectives can be best served via 'single sourcing.' Give reasons Another issue in determining the appropriate sourcing strategy is whether to choose a large or small supplier. Again, show which procurement objectives can be best served with a large supplier. Provide supporting reasons.
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