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 C, Problem 1.9A
Summary Introduction
To explain: The reason why firms single source contracts.
Case summary:
Person SD and Person DM are the procurement managers at Company
Material quality and on-time delivery:
The quality of the materials plays an important role in the success of an organization. The quality of the materials plays a vital role in product quality. The on-time delivery of products is the delivery of products at the right time which makes it important for an organization to be competitive.
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Broll is a world class manufacturer and supplier of steel, tube, pipes and associated value adding products and services. Broll has been experiencing problems with it's supplier who have been failing to meet the lead time as per the contract resulting to contractual disputes. Assume the role of the procurement executives, explain how the company can adopt the contingency plan as a way of mitigating or managing the risk they are experiencing
Risk Management in Procurement
Assignment
1. Identify critical components of the procurement cycle
2. List ways in which each component could be corrupted
3. Identify possible effects
4. Identify all possible causes
5. Assess the probability (a) of each corrupt practice occurring on a scale of 1 - 5 (1 = Low, 5 =
High)
6. Determine the severity of the impact (b) on a scale of 1 - 5 (1 = Low, 5 = High) Risk Assessment
7. Identify the risk factor by multiplying a x b
8. Prioritize the risks
9. Identify corrective/preventive action to minimize the risk of corruption in the procurement cycle
Which of the following issues are NOT related to buyer- supplier relations.
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a . Health and safety issues
b . Developing open communication channels c . Treating suppliers fairly and with integrity
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Chapter C Solutions
Purchasing and Supply Chain Management
Ch. C - Avion, Inc. Susan Dey and Bill Mifflin,...Ch. C - Prob. 1.2ACh. C - Prob. 1.3ACh. C - Prob. 1.4ACh. C - Prob. 1.5ACh. C - Avion, Inc. Susan Dey and Bill Mifflin,...Ch. C - Avion, Inc. Susan Dey and Bill Mifflin,...Ch. C - Prob. 1.8ACh. C - Prob. 1.9ACh. C - Prob. 1.10A
Ch. C - The Global Sourcing Wire Harness Decision Sheila...Ch. C - The Global Sourcing Wire Harness Decision Sheila...Ch. C - The Global Sourcing Wire Harness Decision Sheila...Ch. C - The Global Sourcing Wire Harness Decision Sheila...Ch. C - The Global Sourcing Wire Harness Decision Sheila...Ch. C - Prob. 3.1ACh. C - Prob. 3.2ACh. C - Prob. 3.3ACh. C - Prob. 3.4ACh. C - Prob. 3.5ACh. C - Prob. 3.6ACh. C - Prob. 3.7ACh. C - Prob. 3.8ACh. C - Prob. 3.9ACh. C - Prob. 3.10ACh. C - Prob. 3.11ACh. C - Prob. 3.12ACh. C - Prob. 3.13ACh. C - Prob. 5.1SACh. C - Prob. 5.2SACh. C - Prob. 5.3SACh. C - Prob. 5.4SACh. C - Prob. 5.1SBCh. C - Prob. 5.2SBCh. C - Scenario 3 Ben Gibson, the purchasing manager at...Ch. C - Scenario 3 Ben Gibson, the purchasing manager at...Ch. C - Scenario 4 Sharon Gillespie, a new buyer at...Ch. C - Scenario 4 Sharon Gillespie, a new buyer at...Ch. C - Scenario 4 Sharon Gillespie, a new buyer at...Ch. C - Prob. 6.2ACh. C - Prob. 6.3ACh. C - Prob. 6.4ACh. C - Prob. 6.5A
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Similar questions
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- 1. Describe the bargaining power of suppliers in the automotive manufacturing industry. Which companies provide the raw materials for your product? Are there many suppliers, or only a few? Does rivalry between the suppliers drive down the price of some of the raw materials? Overall, how will the bargaining power of suppliers affect the cost and ease of obtaining the materials necessary to sell in the automotive industry?arrow_forwardThe procurement profession pays inadequate attention to skills development; for example, negotiation skills. Do you agree? Why?arrow_forwardIn 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_forward
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