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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Chapter 9, Problem 9DQ
Summary Introduction
To discuss: The benefits of the World Wide Web used for sharing performance information by both buyers and suppliers.
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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Many companies are now using the World Wide Web to share performance information with suppliers, thereby allowing suppliers to compare their performance to other suppliers’ within the buying company’s supply base. Discuss the benefits of this strategy to both buyers and suppliers.
In what ways may a company, its suppliers, and other stakeholders benefit from effective management of the supply chain, and what are some particular instances of these benefits?
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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- Give instances of how supply chain management benefits a company, its suppliers, and other stakeholders.arrow_forwardWhat strategies can a firm use to continuously improve the performance of their suppliers?arrow_forwardAs a Supply Chain manager what would be the way to achieve greater supply chain integation with suppliers and customers?arrow_forward
- Your 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_forwardExplain the benefits to vendors (manufacturers and suppliers) and retailers of collaboration on supply chain management?arrow_forwardIs Integrated Devices being reactive or proactive when it comes to managing supplier quality? Why?arrow_forward
- In order to assess a suppliers’ pool, you decide to evaluate the following categories of the suppliers’ performance using cost-ratio method:- Price- Delivery- Quality Using cost ratio method, please calculate the Suppliers performance score.arrow_forwardHow are supply networks for organisations that provide services different from supply chains for organisations that manufacture products?arrow_forwardHow does the supplier rating system ensure quality from suppliers?arrow_forward
- How suppliers have an impact on the supply chain?arrow_forwardDescribe E-Sourcing Suites—Supplier Relationship Management?arrow_forwardExisting supply chain information technologies support timely, cost efficient sharing of information between suppliers, manufacturers, intermediaries, logistics services providers, and customers. The changing nature of supply chains underlies the need for information and the investment in technology. Discuss the role of information in the supply chain and how it supports supply chain planning and executionarrow_forward
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