[Feasibility] Which of the following scenarios would be considered a Feasibility Screen during the New Product Planning Process? Rosé has created a drawing and description of her new product and has been asking people what they think of it and whether they would buy it or not. O Jay's company starts a month-long contest for customers to send in new product ideas, and the best idea will become a product that will be on the shelves by Christmas. O Jennie has been collecting information from customers about what kind of new flavors they would like her beverage company to add. O Kai is looking over his R&D group's potential product idea and is determining whether their company has the financial capital necessary to produce it. O Lisa works with others in her company to determine if their new product's sales would detract more from competitors' sales or from their own sales of existing products.

[Feasibility] Which of the following scenarios would be considered a Feasibility Screen during the New Product Planning Process? Rosé has created a drawing and description of her new product and has been asking people what they think of it and whether they would buy it or not. O Jay's company starts a month-long contest for customers to send in new product ideas, and the best idea will become a product that will be on the shelves by Christmas. O Jennie has been collecting information from customers about what kind of new flavors they would like her beverage company to add. O Kai is looking over his R&D group's potential product idea and is determining whether their company has the financial capital necessary to produce it. O Lisa works with others in her company to determine if their new product's sales would detract more from competitors' sales or from their own sales of existing products.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...

See similar textbooks

Similar questions

Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
what is the difference between customer statement and problem statement?
What are the five major dimensions of feasibility study? What are three examples of activities performed during the planning phase?
5. Business Feasibility Analysis of the demand (include highlights of the findings of the market feasibility study), risk (include business and market risks), environmental impact. 6. Justification of the Business Economic, social and personal benefits.
What is a feasibility analysis? What is an example of feasibility analysis that is not IT related (or even one that is IT related if you want to)? How did that experience relate to one or more of the feasibility tests for operational, technical, schedule, or economic feasibility
Please see the question and scenario.
Regression, activity-based costing, choosing cost drivers. Sleep Late, a large hotel chain, has been using activity-based costing to determine the cost of a night’s stay at their hotels. One of the activities, “Inspection,” occurs after a customer has checked out of a hotel room. Sleep Late inspects every 10th room and has been using “number of rooms inspected” as the cost driver for inspection costs. A significant component of inspection costs is the cost of the supplies used in each inspection. Mary Adams, the chief inspector, is wondering whether inspection labor-hours might be a better cost driver for inspection costs. Mary gathers information for weekly inspection costs, rooms inspected, and inspection labor-hours as follows: Week Room Inspected Inspection Labor-Hours Inspection Costs 1 254 66…
Write a recommendation report using this scenario “An investment consultant must advise a client whether or not to invest in the development of a lake resort”
PLEASE HELP with correct answers A statistical program is recommended. The quarterly sales data (number of copies sold) for a college textbook over the past three years follow. Quarter Year 1 Year 2 Year 3 1 1,690 1,800 1,850 2 940 900 1,100 3 2,625 2,900 2,930 4 2,500 2,360 2,615
Case Study EC Accommodation Services (ECAS) is a hospitality entity situated in the less scenic part of a resort towncalled Swakopmund. The owners, Mr and Mrs Johannes strongly believe that there is a need for lowcost family accommodation in the resort town of Swakopmund. ECAS comprises of huge family-style furnished rooms but without a television set fitted-in. Although there is plenty of room for future expansion, the grounds outside are fairly bare (unpaved) without any notable landscaping done except for coastal sand that covers the whole ground area. Mrs Johannes stays at the property. She serves breakfast to the guests in their rooms and provides teamaking facilities such as an electric jug and related cutlery. The resort town of Swakopmund has of late seen some major investments, so much that there are a lot of good restaurants and take-aways in the area such as Spur, Wimpy and KFC. Besides ECAS being situated not far away from the beach, shops and other areas of interest, the…
Case Study EC Accommodation Services (ECAS) is a hospitality entity situated in the less scenic part of a resort towncalled Swakopmund. The owners, Mr and Mrs Johannes strongly believe that there is a need for lowcost family accommodation in the resort town of Swakopmund. ECAS comprises of huge family-style furnished rooms but without a television set fitted-in. Although there is plenty of room for future expansion, the grounds outside are fairly bare (unpaved) without any notable landscaping done except for coastal sand that covers the whole ground area. Mrs Johannes stays at the property. She serves breakfast to the guests in their rooms and provides teamaking facilities such as an electric jug and related cutlery. The resort town of Swakopmund has of late seen some major investments, so much that there are a lot of good restaurants and take-aways in the area such as Spur, Wimpy and KFC. Besides ECAS being situated not far away from the beach, shops and other areas of interest, the…