The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement. Concept Introduction: A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

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Answer 1

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

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Answer 2

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

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Answer 3

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

Answer 6

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

Answer 7

Chapter 9, Problem 1DQ

Summary Introduction

Interpretation:

The effect of supplier position and supplier preferencing model on plans of doing business for purchasing requirement.

Concept Introduction:

A supplier position model places the suppliers on a matrix based on supplier vulnerability and annual expenses. A supplier preference model places the suppliers on the matrix based on the supplier’s view on the attractiveness of the contract and the value of the business for a supplier.

Answer 8

Expert Solution & Answer

Explanation of Solution

Under supplier position model, the purchasing manager decides how much a supplier is valuable for the organization.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 1

Underthe supplier preference model, the purchasing manager considers how much the organization’s contract is valuable to the supplier. In the case of a large supplier, it may be that contract value is not attractive to the supplier and they may think that the maintenance cost of the contract is huge compared to the benefit and they don’t actually need the contract. In such cases,the supplier may exploit the contract or will not provide adequate customer service. Such suppliers will not be good for awarding contracts although they may be placed higher in the supplier position matrix.

Practical Operations Management, Chapter 9, Problem 1DQ , additional homework tip 2

There could be opposite cases also where a supplier is placed higher on the supplier preferencing matrix but lower on the supplier position matrix. This case is also avoidable.

Thus purchasing manager need to consider all factor based on the organizational need and finalize supplier for long term partnership and maximizing the company’s benefit.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 9 - Prob. 1DQ Ch. 9 - Prob. 2DQ Ch. 9 - Prob. 3DQ Ch. 9 - Prob. 4DQ Ch. 9 - Prob. 1P Ch. 9 - Prob. 2P Ch. 9 - Prob. 3P Ch. 9 - Prob. 4P Ch. 9 - Prob. 5P Ch. 9 - Prob. 6P

Explanation of Solution

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Chapter 9 Solutions