A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement. Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

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Answer 1

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

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Answer 2

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

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Answer 3

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

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Answer 4

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

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Answer 5

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Answer 6

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Answer 7

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Answer 8

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 3 - Prob. 1DQ Ch. 3 - Why is it important to include a policy that...Ch. 3 - Prob. 3DQ Ch. 3 - Prob. 4DQ Ch. 3 - Prob. 5DQ Ch. 3 - Prob. 6DQ Ch. 3 - Prob. 7DQ Ch. 3 - Prob. 8DQ Ch. 3 - Prob. 9DQ Ch. 3 - Prob. 10DQ

Explanation of Solution

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