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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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Question
Chapter 9, Problem 2DQ
Summary Introduction
To discuss: Why the firm should spend its limited financial resources to develop a supplier measurement system.
Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.
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Students have asked these similar questions
Assume you are the Chief Purchasing Officer at an automobile manufacturing company.
Recommend some supplier selection and evaluation strategies to manage the risks in your
supply base.
2) Your manager at the medium-sized company where you work has just called you in and
asked you to explain why the company should spend its limited financial resources to
develop a supplier measurement system. What do you tell her?
Using a company of your choice, explain clearly why this company should evaluate supplier performance and the respective tools that can be used in this exercise.
Develop a list of topics that non-purchasing personnel should be allowed to talkabout with their counterparts at suppliers. Develop a list of topics that only purchasing should be allowed to talk about with suppliers.
Chapter 9 Solutions
Purchasing and Supply Chain Management
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Similar questions
- What kinds of knowledge will a supplier provide that will be useful during the production of a new product?arrow_forwardHow can customers really know how well suppliers are meeting contractual obligations without an effective evaluation method to record and assess supply base performance?arrow_forwardWho should be accountable for supplier relationship management? Is it better handled by procurement or the department who are dependent on the supply of goods/services? Why?arrow_forward
- Suppose you sign a contract with a supplier for $50,000 worth of tablet computers. You tell the supplier that you are only authorized to sign contracts for $40,000 without approval from the supply manager of your company, but the supplier agrees anyway. A few days later, because of budget cutbacks you find out that you only need $30,000 worth of tablet computers. How many dollars of tablet computers are you legally bound to purchase from the supplier?arrow_forwardThe cost of monitoring and evaluating the performance of suppliers can be high. What arguments would you use to justify the expenditure on evaluating performance? What steps might you take to minimise such expenditure? What are the benefits to suppliers in you evaluating their performance?arrow_forwardYour company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers. Question How do you identify and evaluate potential new suppliers to ensure they align with your company's strategic goals and quality standards?arrow_forward
- Is Integrated Devices being reactive or proactive when it comes to managing supplier quality? Why?arrow_forwardYou are a Supply Chain Procurement Manager working for a large manufacturing company located in North America. Recently, you have found out that one of your suppliers is in contravention of your company’s standards of engagement because they are employing persons aged 14 to 16 years of age. Whilst you would prefer to end the business relationship with this supplier immediately, you have to weigh up the ethical issues with the commercial considerations including; the low cost of the supplies and the history of reliability of delivery from this supplier. Required: Based on your knowledge of corporate social responsibility, as well as supply chain logistics, what is the best course of action in this situation? Discuss.arrow_forwardYour company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers. Question What are the key factors to consider when deciding to change suppliers strategically in the purchasing process? How do you identify and evaluate potential new suppliers to ensure they align with your company's strategic goals and quality standards? What steps should be taken to effectively manage the transition from old to new suppliers ones?arrow_forward
- Why should an organization invest in supplier development programs?arrow_forwardBusiness success is pegged on the value for a product or service that a customer is willing to pay for. As a supplier, what considerations would one put into account when determining the value of the product that would ensure substantial profit.arrow_forwardHave you thought about a career in purchasing? All firms that carry inventory have purchasing departments that work with people inside their own company and suppliers to keep the right products on the shelves. See what you can find out about this career on the Web. You may wish to search for the American Purchasing Societyarrow_forward
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