EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
10th Edition
ISBN: 9780134183848
Author: HEIZER
Publisher: PEARSON CO
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Chapter 11.S, Problem 8DQ
Summary Introduction

To describe: The potential pitfalls in relying on factor-weighing analysis for supplier selection.

Introduction:

Supply chain management is one of the vital components in a business that impacts business product development. Bull whip effect is caused when the variations in consumer demand makes the firms in the supply chain order more than the estimated value to meet the new rise in demand.

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Describe some potential pitfalls in relying solely on the resultsof a factor-weighting analysis for supplier selection.
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…
Describe the parameters that are used to evaluate the existing suppliers ?
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