EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
10th Edition
ISBN: 9780134183848
Author: HEIZER
Publisher: PEARSON CO
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Chapter 2, Problem 9P
Summary Introduction
To determine: The suitable outsourcing provider based on cultural risk factors 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 new layout, new locations, best supplier, outsourcing providers etc.
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Ranga Ramasesh is the operations manager for afirm that is trying to decide which one of four countries it shouldresearch for possible outsourcing providers. The first step is to
select a country based on cultural risk factors, which are criti-cal to eventual business success with the provider. Ranga has
reviewed outsourcing provider directories and found that thefour countries in the table that follows have an ample numberof providers from which they can choose. To aid in the countryselection step, he has enlisted the aid of a cultural expert, JohnWang, who has provided ratings of the various criteria in thetable. The resulting ratings are on a 1 to 10 scale, where 1 is a lowrisk and 10 is a high risk.John has also determined six criteria weightings: Trust, with aweight of 0.4; Quality, with 0.2; Religious, with 0.1; Individualism,with 0.1; Time, with 0.1; and Uncertainty, with 0.1. Using thefactor-rating method, which country should Ranga select?
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source: (http://www.engineeringnews.co.za/article/toyota-shares-800-localisation-opportunitieswith-south-african-suppliers-2018-06-29)
The purchasing and supply function is imperative to the success of a business. These two functions, if managed effectively, can lead to various advantages for a firm, giving the firm a competitive advantage.
Briefly discuss any five reasons for the increasing importance of the purchasing and supply function in relation to Toyota South Africa.
Chapter 2 Solutions
EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
Ch. 2 - Prob. 1EDCh. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - As a library or Internet assignment, identify the...Ch. 2 - Prob. 9DQ
Ch. 2 - Prob. 10DQCh. 2 - Prob. 11DQCh. 2 - Prob. 12DQCh. 2 - Prob. 13DQCh. 2 - Prob. 14DQCh. 2 - Prob. 15DQCh. 2 - Prob. 16DQCh. 2 - Prob. 17DQCh. 2 - Prob. 18DQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Within the food service industry (restaurants that...Ch. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10PCh. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Rapid-Lube A huge market exists for automobile...Ch. 2 - Rapid-Lube A huge market exists for automobile...Ch. 2 - Rapid-Lube A huge market exists for automobile...Ch. 2 - Prob. 1.1VCCh. 2 - Prob. 1.2VCCh. 2 - Prob. 1.3VCCh. 2 - Prob. 1.4VCCh. 2 - Prob. 2.1VCCh. 2 - Prob. 2.2VCCh. 2 - Prob. 2.3VCCh. 2 - Prob. 3.1VCCh. 2 - Prob. 3.2VCCh. 2 - Prob. 3.3VCCh. 2 - Prob. 3.4VC
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- Ranga Ramasesh is the operations manager fora firm that is trying to decide which one of four countries itshould research for possible outsourcing providers. The firststep is to select a country based on cultural risk factors, whichare critical to eventual business success with the provider.Ranga has reviewed outsourcing provider directories andfound that the four countries in the table that follows have anample number of providers from which they can choose. Toaid in the country selection step, he has enlisted the aid of acultural expert, John Wang, who has provided ratings of thevarious criteria in the table. The resulting ratings are on a 1 to10 scale, where 1 is a low risk and 10 is a high risk. John has also determined six criteria weightings: Trust,with a weight of 0.4; Quality, with 0.2; Religious, with 0.1;Individualism, with 0.1; Time, with 0.1; and Uncertainty,with 0.1. Using the factor-rating method, which countryshould Ranga select?arrow_forwardMany computer hardware manufacturers rely on foreign companies to provide raw materials; build computer parts; and assemble hard drives, monitors, keyboards, and other components. While there are many advantages to dealing with foreign suppliers, hardware manufacturers may find certain aspects of their business (such as quality and cost control, shipping, and communication) more complicated when dealing with a supplier in another country. In addition to these fairly common business problems, hardware manufacturers are sometimes faced with serious ethical issues relating to their foreign suppliers. Two such issues that have recently surfaced involve (1) suppliers who run their factories in a manner that is unsafe or unfair to their workers and (2) raw materials suppliers who funnel money to groups engaged in armed conflict, including some that commit crimes and human rights abuses. In February 2009, alarming information came to light about the Meitai Plastics and Electronics factory in…arrow_forwardWhen a small-medium firm seeks to enter a foreign market through exporting they must consider the following points 1. Identify opportunities 2. Unanticipated problems associated with doing business in a foreign market 3. Method for international transaction 4. How to deal with foreign exchange risk 5. Further expansion/ another appropriate mode of entering Stylo one of the most recognized names in Pakistani footwear industry wants to enter foreign market through exporting. Here you are directed to assist Stylo in investigating with the help of above-mentioned pointsarrow_forward
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