Operations Management: Processes and Supply Chains (11th Edition)
11th Edition
ISBN: 9780133872132
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Question
Chapter 14, Problem 1VC
Summary Introduction
Case Summary: This case deals with problems faced in sourcing. It describes about the sourcing strategy followed by Starwood.
Interpretation:The type of orientation required to be maintained with the suppliers to supply the items.
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Why is it important to accept "uncertainty" when assessing supply chain processes?
As a supply chain and logistics management student, you have completed key aspects of thediscipline throughout your qualification, namely, purchasing management, supplier relationshipmanagement, warehouse management and strategic supply chain management.This question requires you to reflect on your knowledge and understanding of supply chainmanagement. You are required to write a one-page report where you reflect on:• Which areas of this module did you find most interesting and challenging to learn about?Why?• If the procurement process for inventory is not ethically done, what do you think would bethe impact on organisations?• Do you think the individual responsible for managing inventory i.e., performing ABC analysesor tracking inventory through a warehouse needs to be analytical? Why or why not?• Would using artificial intelligence through computer programs give a non-analytical personan advantage?• Could a career in inventory management be the future for you? Why or why not?
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Chapter 14 Solutions
Operations Management: Processes and Supply Chains (11th Edition)
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- What types of information should Starwood exchange with its bed linens and terrycloth supplier? What does Starwood risk by sharing too much information?arrow_forwardConsider the below excerpt of a spend analysis conducted by Toyota South Africa regarding their raw material category. Make two recommendations for improvement to their raw materials category.Supplier Category: Raw materials Total spend per supplierAuto Parts SA ZAR 40,000,000Safe Brake SA ZAR 20,000,000LUK Repco SA ZAR 10,000,000HOLTS Rad SA ZAR 5,000,000BEHR Ech SA ZAR 5,000,000arrow_forwardOEM tend to have one of four types of relationship with suppliers from arm's length to vertical integration. suggest reason an OEM may have for selecting each of these 4 types of relationships with suppliersarrow_forward
- Which industries are the most difficult for suppliers to anticipate in terms of client wants and requirements? What are the characteristics of these industries?arrow_forwardIs it true or false that Rationalizing the supplier base would mean that the purchasing firm is attempting to reduce the number of suppliers in its supplier networkarrow_forwardPlease do not give solution in image format thankuarrow_forward
- In a multi-echelon supply chain, how can the Wilson approach be extended to optimize inventory levels at different stages of the supply chain? What challenges might arise in this context?arrow_forwardTo appoint the right suppliers, analysis on the suppliers’ ability to meet satisfactory quality, delivery, quantity, price or cost, and service should be done. They also should achieve other criteria to strengthen their efficiency too. Elaborate any four (4) criteria to be fulfilled.arrow_forwardA sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?arrow_forward
- One of the best-known examples of how an organization can use its supply chain to achieve a competitive advantage is the Benetton Group. Founded by the Benetton family in the 1960s, the company is now one of the largest garment retailers, with stores which bear its name located in almost all parts of the world. Part of the reason for its success has been the way it has organized both the supply side and the demand side of its supply chain. Although Benetton does manufacture much of its production itself, on its supply side the company relies heavily on ‘contractors’. Contractors are companies (many of which are owned, or part-owned, by Benetton employees) that provide services to the Benetton factories by knitting and assembling Benetton’s garments. These contractors, in turn, use the services of sub-contractors to perform some of the manufacturing tasks. Benetton’s manufacturing operations gain two advantages from this. First, its production costs for woolen items are significantly…arrow_forwardThe word "full-service provider" may be associated with a few different meanings. What are the advantages of working with a supplier that provides a variety of services?arrow_forwardA newly built 1000 bedded hospital wants to purchase equipment to the Radiology and Blood bank departments. But the management of the hospital was in a dilemma whether they should buy all the necessary equipment from one supplier or they should opt multiple suppliers.Considering the above situation if you were the decision maker, what would your decision be? Explain with reference to Sourcing concept. (Answer in 300 words)arrow_forward
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