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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Chapter 14, Problem 3VC
Summary Introduction
Case Summary: This case deals with problems faced in sourcing. It describes about the sourcing strategy followed by Starwood.
Interpretation: The procedure to approach the sourcing of bed linens and terry cloth items.
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Assume that you are the Purchasing Manager recently joined to a manufacturing company which consistswith several functional divisions. You are reporting to the Managing Director of the company. The companyhas been implementing a purchasing strategy with less coordination with the other functional groups withinthe company. Moreover, there has been no coordination with its suppliers. As a qualified person with aMBA in supply chain management, you identified that it is required to do changes in many areas, especiallythe integration and collaboration of functional divisions when developing purchasing strategies. Write aone-page memo to the Managing Director outlining the benefits of having regular meetings between theheads of design, marketing, production and yourself when implementing the purchasing strategy. Indicatethe possible advantages of involving suppliers in the preparation of specifications for bought-out items andon developing new products.
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This question requires you to reflect on your knowledge and understanding of procurement management as a component of supply chain management. You are required to write a one-page report where you reflect on:
• The role of procurement management as a critical component of supply chain
management.
• Your experience of learning the discipline of procurement management. Which areas of this
module did you find most interesting and challenging to learn about?
• Do you think you would want to work in public sector procurement, given the significant number of incidences of misappropriation of funds? Why/why not? (i.e., do you think you
would be able to make a difference?)
• Do you think you have the correct set of ethics to enter into a procurement position given
the influence managing large amounts of money may have on an individual? Why/why not?
• Which component within the procurement management discipline you enjoyed learning
about the…
Chapter 14 Solutions
Operations Management: Processes and Supply Chains (11th Edition)
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Similar questions
- Mo a) Explain how you would obtain pricing from UKEP, given that you are an established distributor. b) Your eText identifies several types of discounts that suppliers are prepared to offer. Identify and describe them. Which discounts might be applicable to you c) Assuming 3 employees in your Purchasing department, prepare a Table with reasonable estimates of the activity costs of placing an order with UKEP ?arrow_forwarda) Explain how and why the “Identification of need and Specification of need” happen to be the two stages of the procurement cycle in which a procurement deal can add most value. b) How do you process purchase requisitions? c) Why should supplier evaluation take place before any orders are placed?arrow_forwardPlease assist with the attached, and kindly advise? thanksarrow_forward
- a) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms todayarrow_forwardHow would you approach the sourcing of bed linens and terrycloth items? That is, would you use a reverse auction or request for proposal? Under what circumstances would you change suppliers?How would you approach the sourcing of bed linens and terrycloth items? That is, would you use a reverse auction or request for proposal? Under what circumstances would you change suppliers?arrow_forwardAt the Clorox Company, many new products are developed in conjunction with supply partners. When the company wanted to develop a line of surface-protecting cleaning products, it partnered with specialty chemical companies to develop products that could protect surfaces as sensitive as Teflon. Discuss identification stage of procurement with reference to this scenario. Identification Stage of procurement: Identifying Goods or Services needed is the 1st stage of procurement. Before the company can have something procured, there ha Do you think the role of supply partners as Earlier Supplier Involvement (ESI)? Mention the keynotes from ESI that can be generalized to any buying organization.arrow_forward
- discuss any three of the various sources available to identify the right suppliers iarrow_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_forwardImagine that you are a manager in a commercial printing company, and you have founda good deal on the ink that your company uses most frequently from a supplier inJapan.• Using the materials from this week’s reading as well as the supplementalresources, consider what shipping terms you should insist be in the contract inorder to limit the risk of loss for your company.• Using the attached Memo template, draft an interoffice memo to the owner of thecompany describing at least three shipping terms you would want to be includedin the contract.arrow_forward
- Vendor selection is a process that allows clearly stating, defining and approving those vendors which meet requirements of a procurement process. Describe some vendor selection criteria for an Enterprise Resource Planning (ERP) system.arrow_forwardAs 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?arrow_forwardIn the context of a buying process, which of the following statements is true of satisficers Question 28 options: a) They select the best supplier who satisfies their product and delivery requirements b) They study numerous proposals carefully before selecting one. c) They contact new and unfamiliar suppliers when they need to purchase a product d) They contact familiar suppliers and place orders with the first one that fulfills their requirementsarrow_forward
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