MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Processes and Supply Chains
11th Edition
ISBN: 9780133885583
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.
Describe at least four benefits of…
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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
MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Processes and Supply Chains
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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_forwardWhy is it necessary to consider "uncertainty" when evaluating supplychain process?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_forward
- Please assist with the attached, and kindly advise? thanksarrow_forwarda) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms todayarrow_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
- 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?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_forwarddiscuss any three of the various sources available to identify the right suppliers iarrow_forward
- Sometimes 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_forwardExplain how can a purchasing department influence the financial performance of a large manufacturer.arrow_forward
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