Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
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Chapter 14, Problem 13DQ
Summary Introduction
To explain: The different venues available for arbitration settlements.
Contract management:
It is the management of contract creation, analysis and execution to maximize the operational and financial performance while reducing the risks involved. In order for contract management to be successful, both parties involved in the contract must be flexible towards changing circumstances.
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ASSIGNMENT: Inventory, Answer the following questions
1. How does the facility survey inventory?
2. Is there a perpetual system in place?
3. How often do they do a physical inventory?
4. Participate in taking inventory.
5. Which type of stock system does the facility use?
A. Minimum stock- includes a safety factor for replenishing stock
B. Maximum stock- equal to a safety stock plus estimated usage (past usage and forecasts)
C. Mini-max-stock allowed to deplete to a safety level before a new order is submitted to bring up
inventory up to max again
D. Par stock-stock brought up to the par level each time an order is placed regardless of the amount on
hand at the time of order
E. Other-(describe)
Choose an appropriate product and determine how much of an item should be ordered. Remember the
formula is:
Demand during lead time + safety stock = amount to order
Cost out an inventory according to data supplied. Remember that to do this, you will need to take an
inventory, and will need to…
Human Relations, Systems, and Organization Assignments
ORGANIZATION:
Review the organization chart for the facility
• Draw an organization chart for the department.
•
.
Identify and explain the relationships of different units in the organization and their importance to maintain
the food service department's mission.
Include a copy in your weekly submission. There is a feature in PowerPoint for doing this should you want
to use it.
JOB ORGANIZATION:
⚫ A job description is a broad, general, and written statement for a specific job, based on the findings of a job
analysis. It generally includes duties, purpose, responsibilities, scope, and working conditions of a job
along with the job's title, and the name or designation of the person to whom the employee reports. Job
description usually forms the basis of job specification.
•
Work with your preceptor or supervisor to identify a position for which you will write a job description.
Include a copy of the job description you write in your…
ASSIGNMENT: Production Sheet Watch at least 3 workers prepare foods. Write down what they do and the
amount of time it takes for them to complete the task. Calculate the production cost.
Example:
Food Item: Green Beans
Time
Worker #1
Worker #2
Worker #3
Start
End
Time
(Hours)
Time
Time
Activity
Activity
Activity
(Hours)
(Hours)
11:45 am
12:01 pm
0.27
Steam and
0.05
Microwave
blenderize
pureed
frozen
green
green
beans
beans
16.25
Total Production Time
3 minutes
minutes
Hourly Wage
$16.07
$12.28
24% Benefits ***
$3.86
$2.95
Labor Costs
$5.37
$0.76
*** Check with facility to see Benefit %
Chapter 14 Solutions
Purchasing and Supply Chain Management
Ch. 14 - Where do you believe buyers spend most of their...Ch. 14 - What are the risks to buyers associated with each...Ch. 14 - What are the risks to suppliers associated with...Ch. 14 - Prob. 5DQCh. 14 - Prob. 6DQCh. 14 - Why do consultants typically want to avoid...Ch. 14 - Under what conditions are short-term contracts...Ch. 14 - Certain industries, such as the computer industry,...Ch. 14 - What are the implications for contract writing as...Ch. 14 - What are the dangers associated with taking an old...
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