a)
To determine: The suitable outsourcing provider for logistics services using factor- rating method.
Introduction:
Factor-rating method:
The factor-rating method is a quantitative approach to make a decision from various alternatives such that the decision is beneficial to the firm involved. This method is utilized to decide on a new layout, new locations, best supplier, outsourcing providers, and so on.
b)
To determine: The suitable outsourcing provider for logistics services using factor- rating method when the weights are changed.
Introduction:
Factor-rating method:
The factor-rating method is a quantitative approach to make a decision from various alternatives such that the decision is beneficial to the firm involved. This method is utilized to decide on new layout, new locations, best supplier, outsourcing providers etc.
c)
To determine: The suitable outsourcing provider for logistics services using factor- rating method when there is a 10% increase in Overnight Shipping ratings.
Introduction:
Factor-rating method:
The factor-rating method is a quantitative approach to make a decision from various alternatives such that the decision is beneficial to the firm involved. This method is utilized to decide on new layout, new locations, best supplier, outsourcing providers, and so on.
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
Operations Management
- Need answer for no.4 pls, thank you! 4. What are the logistics issues?arrow_forwardFernando Garza's firm wishes to use factor rating to help select an outsourcing provider of logistics services.a) With weights from 1- 5 (5 highest) and ratings 1- 100 (100 highest), use the following table to help Garza make his decision: b) Garza decides to increase the weights for quali ty, delivery, and cost to I 0, 6, and 4, respectively. How does tllis change your concl usions? Why?c) If Overnight Shipping's ra tings for each of the factors increase by I 0%, what are the new results?arrow_forward1 Discuss how the use of Strategic Partnering helps to alleviate the bullwhip effect.2 What is the bullwhip effect and what impacts can it have in the supply chain?3 Discuss and elaborate on the following statement: “The selection of a superior location network can create substantial competitive advantage.â4 What are the penalties of facing highly variable demand? Are there any advantages?5 Show the elements involved in the process of deciding when to order and how much to order by using a âsawtooth modelâ of inventory.6 Distinguish between using an exact optimization technique and a heuristic to solve a problem?7 Explain why risk pooling across locations is attractive to extended supply chains.8 Discuss five (5) ways that the lead times within a supply chain can be reduced.9 âCycleWorld distributes the majority of their orders for pushbikes across 60 vendors so it was very important for them to manage this at a…arrow_forward
- Analyse any two (2) inventory costs suffered by the Far South of Santa Catarina in the aforementioned casestudy and provide suggestions for lowering these costs. (Using the attached)arrow_forwardSubject: Channel managemet Q) As a channel manager/ sales manager/area manager, in which situation he will apply Retail, Wholesale, distribution and E-commerce channels, explains with example? Q) How do you evaluate and analysis channel partners performance?arrow_forwardFernando Garza's firm wishes to use factor rating to help select an outsourcing provider of logistics services. Part 2 a) With weights from 1 − 5 (5 being the highest) and ratings from 1 − 100 (100 being the highest), use the following table to help Garza make his decision. In the following table, compute the weighted average score for each of the three companies (enter your responses rounded to one decimal place). Criterion Weight (W) Overnight Shipping Worldwide Delivery United Freight Quality 5 86 80 75 Delivery 3 74 90 68 Cost 2 66 81 92 Weighted average score: 78.478.4 83.283.2 76.376.3 Part 3 The best outsource provider is Worldwide DeliveryWorldwide Delivery . Part 4 b) Garza decides to increase the weights for quality, delivery, and cost to 10, 6, and 4,…arrow_forward
- please answer quicklyarrow_forwardWhich entry mode is most suitable for a firm that is trying to realise location and experience curve economies? Question 4Answer a. Licensing b. Wholly owned subsidiary c. Strategic Alliances d. Franchisingarrow_forwardPlease answer part d. Minimax regret.arrow_forward
- True or false 3.2 suppliers of raw materials areparticipants in transportation.arrow_forwardDifferential Cost Analysis Problem 1: The Vermont Corporation, which produces and sells to wholesalers a highly successful line of summer lotions and insect repellents, has decided to diversify in order to stabilize sales throughout the year. A natural area for the company to consider in the production of cold lotions and creams to prevent dry and chapped skin.After considerable research, a cold product line has been developed. However, because of the conservative nature of the company management, Vermont president has decided to introduce only one of the new products for this coming cold season. If the product is a success, further expansion is future years will be initiated.The product selected (called Chap-off) is lip balm that will sold a lipsticks type tube. The product will be sold to wholesalers in boxes of 4 tubes for P8.00 per box. Because of available capacity no additional fixed charge to produce the product. However, a 100,000 fixed charge will be absorbed by the product to…arrow_forwardCan you help me solve this question? The case study is provided as image. This subject is about retail and service logistics. Please just explain it in 150 words. Make sure to read the CASE STUDY. Question: Supply and demand mismatch: From theory discuss- why are the mismatches between supply and demand? How does Food-Town supply chain supply chain deal with this kind of mismatch during Covid-19? How the Food-Town can be more responsive and provide customers what they need, when they need it, and where they need it.arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.