Interpretation: Difference between the purchasing policies and procedures should be concluded as the dealerships purchase different types of service parts ad materials.
Concept Introduction: Any company’s supply chain is required to cater to the entire range of products and services required by the company. There are likely to be variations in the types of products and even services. The type of suppliers and the arrangements with suppliers have to be, essentially, suitable for each individual product/service depending on the type of requirements as well as the specific supply chain available in the market for such product/service. Thus, the organization needs to build flexibility and variations in its
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- A procurement system enables the firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product. [Sistem perolehan membolehkan syarikat menghasilkan ramalan permintaan untuk produk dan mengembangkan rancangan sumber dan pembuatan untuk produk tersebut.] Select one: O True O Falsearrow_forwardShould management weigh the benefits of holding products in several places across multiple areas versus delivering things vast distances to customers? Why or how is this the case? Give an explanation and some instances.arrow_forwardK and Q Beverages Ltd started off twenty years ago as a small dealer making non alcoholic beverages in Nairobi from just two products at the time, the firm has expanded in its product portfolio and now boasts of six products in various stages of the product life cycle, and a considerable share of the market share. Over that period, some of the products introduced did not survive and ended up failing soon after introduction, which has been very costly to the company. The company has realized that proper branding and packaging are key in product development and management. With an illustration, discuss the product life cycle as is applicable to King and K and Q Beverages Ltd, clearly showing the key decisions to be taken for products at each stagearrow_forward
- K and Q Beverages Ltd started off twenty years ago as a small dealer making non alcoholic beverages in Nairobi from just two products at the time, the firm has expanded in its product portfolio and now boasts of six products in various stages of the product life cycle, and a considerable share of the market share. Over that period, some of the products introduced did not survive and ended up failing soon after introduction, which has been very costly to the company. The company has realized that proper branding and packaging are key in product development and management. a. Discuss the branding and packaging issues that K and Q Beverages Ltd should focus on in order to remain competitivearrow_forwardCompetitive Dimensions include I. Delivery Reliability II. Location III. Brand IV. Quality V. Price Option I and III Option I and IV Option I, IV and V Option II and IVarrow_forward6. In an exemplary company, there are two production areas. One area manufactures a series product with a high repetition rate and low variance. The other area manufactures systems that are highly customized and manufactured as a one- off, in exceptional cases as a small series with 3 or 4 identical systems. Only the standard parts are identical for all systems, but with a different required quantity. According to which principle would you supply the two production areas through central logistics? In your answer, differentiate between A, B and C parts (by value).arrow_forward
- Supplier power is high when buyers have ________ choices from whom to buy and low when buyers have ________ choices. Group of answer choices few; few few; many many; many many; fewarrow_forwardSometimes a company may need to purchase goods or services that are unique, very complex, and/or extremely expensive. These would not be routine purchases, but there may be a number of vendors that could supply what is needed. What process would be used to transmit the company’s needs to the available vendors, asking for a detailed response to the needs?arrow_forwardIn the retail coffee industry, with many mom-and-pop coffee stores and retail coffee shows, the number of competitors in the industry is high. In such a case, most coffee houses use beans and other ingredients to create different blends of coffee. Many suppliers provide the beans required by these firms. Moreover, there is not a significant difference in the quality of the product from different suppliers. In addition, with many suppliers offering similar commodity-type products, the switching costs for the focal firms would below. Referring to the second part of the above scenario, all of the mentioned factors combined will result in ____________. * high threat of new entrants to the industry high bargaining power of the suppliers low threat of new entrants to the industry low bargaining power of the suppliersarrow_forward
- 6. Provide an Example of "Threat of substitute products". আপনার উত্তরarrow_forwardHow does off-peak pricing influence demand forservices?arrow_forwardToyota Motors is trying to assess the performance of two manufacturers that could supply music systems for its vehicles. Using the information in the table below determine which manufacturer Toyota should use and why? Toyota’s decision to choose the supplier is based upon what type of demand? Performance Evaluation of Brands Issues Important weights Manufacture A’s performance Manufacture B’s performance Sound 0.4 5 3 Cost 0.3 2 4 Delivery Time 0.1 2 2 Brand cachet 0.2 5 1 Total 1arrow_forward
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning