Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Chapter 15, Problem 1DQ
Summary Introduction
To determine: The necessity for managers to get knowledge about legal issues and whether possessing knowledge about legal issues is the duty of lawyers?
Introduction:
Expert Solution & Answer
Explanation of Solution
Necessity for managers to get knowledge about legal issues and whether possessing knowledge about legal issues is the duty of lawyers:
Supply managers are agents of a firm who take up the roles of procurement and purchasing. They engage in contract for acquiring materials and other products as when needed for the company. They make various contracts for which they are required to possess some legal knowledge to successfully execute those contracts.
Lawyers on the other hand can act as legal advisors for the firm and they cannot be contacted all times by the organization. So, the managers must possess knowledge about legal issues as they are a part in decision making for procurement and purchasing.
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Problem 1 (20 Points)
Davison Electronics manufactures three LED television monitors, identified as Model A, Model B, and Model C. Davison Electronics four manufacturing plants. Each model has its lowest possible production cost when produced at Plant 1. However, Plant 1 does not have the capacity to handle the total production of all three models. As a result, at least some of the production must be routed to the other manufacturing plants. The following table shows the minimum production requirements for next month, the plant capacities in units per month, and the production cost per unit at each plant:
Model
Production Cost per Unit
Minimum Production Requirements
Plant 1
Plant 2
Plant 3
Plant 4
A
$25
$28
$37
$34
48,000
B
$26
$35
$36
$41
75,000
C
$20
$31
$26
$23
60,000
Production Capacity
65,000
50,000
32,000
43,000
Davison’s objective is to determine the cost-minimizing production plan.
Without…
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Chapter 15 Solutions
Purchasing and Supply Chain Management
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