If the mere act of Person JM sending the gift to Person BJ makes Person JM as an unethical salesperson. Case summary: Person BJ was just arriving back from lunch when the phone ran in which his wife explained about a clock being gifted to their home. Person BJ asked his wife Person N to repack the clock as it was sent by a supplier who was looking to win the contract from the company Person BJ is working in. Purchasing ethics: Purchasing professionals are a vital asset to an organization. The process involved in purchasing items for a company is vital for its success. A strict code of ethics is essential for the purchasing department to ensure that all vendors are treated equally.

Question

The annual demand for water bottles at Mega Stores is 500 units, with an ordering cost of Rs. 200 per order. If the annual inventory holding cost is estimated to be 20%. of unit cost, how frequently should he replenish his stocks? Further, suppose the supplier offers him a discount on bulk ordering as given below. Can the manager reduce his costs by taking advantage of either of these discounts? Recommend the best ordering policy for the store. Order size Unit cost (Rs.) 1 – 49 pcs. 20.00 50 – 149 pcs. 19.50 150 – 299 pcs. 19.00 300 pcs. or more 18.00

Answer 1

Question

Chapter C, Problem 5.4SA

Summary Introduction

To explain: If the mere act of Person JM sending the gift to Person BJ makes Person JM as an unethical salesperson.

Case summary:

Person BJ was just arriving back from lunch when the phone ran in which his wife explained about a clock being gifted to their home. Person BJ asked his wife Person N to repack the clock as it was sent by a supplier who was looking to win the contract from the company Person BJ is working in.

Purchasing ethics:

Purchasing professionals are a vital asset to an organization. The process involved in purchasing items for a company is vital for its success. A strict code of ethics is essential for the purchasing department to ensure that all vendors are treated equally.

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The annual demand for water bottles at Mega Stores is 500 units, with an ordering cost of Rs. 200 per order. If the annual inventory holding cost is estimated to be 20%. of unit cost, how frequently should he replenish his stocks? Further, suppose the supplier offers him a discount on bulk ordering as given below. Can the manager reduce his costs by taking advantage of either of these discounts? Recommend the best ordering policy for the store. Order size Unit cost (Rs.) 1 – 49 pcs. 20.00 50 – 149 pcs. 19.50 150 – 299 pcs. 19.00 300 pcs. or more 18.00

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