What are the financial measures of performance in a supply chain? Explain with examples.
Q: Create a list of various costs associated with supply chain management with their explanations?
A: Goods Warehouse Costdistribution centres and warehouses that have to do with the storage, receiving,…
Q: Use a company that produces or delivers a service familiar to you. Using the SCOR five step model,…
A: The Supply Chain Operations Reference (SCOR) model is a tool used to measure and manage supply chain…
Q: Define the processes needed to determine the set of futureactions required to operate an existing…
A: Supply chain is a sequence of processes that are involved in production till distribution of…
Q: Explain how a well-managed supply chain network helps inincreasing the efficiency of a company?
A: Customer loyalty can be improved and a long-term competitive advantage gained by active supply chain…
Q: cyberstore gifting service is capable of servicing consumers in more than 125 cities through the…
A: 1.GCMMF has an extremely wide organization of milk assortment. It requires the executives of a…
Q: Describe how AT&T has managed supply chain disruptions in recent years
A: A is the telecommunication company. It provide mobile telephone services and fixed telephone…
Q: Give an example and discuss how you can simultaneously achieve responsiveness and efficiency?
A: ANSWER : The lack of strategic fit within the supply chain management can result in decrease in the…
Q: Explainwhat are the choices there for designing a supply chain that better suits the needs of an…
A: Every company needs some strategy for supply chain management to ensure effective delivery of goods…
Q: What are the four main functions within SAP’s supply chain software?
A: ERP refers to Enterprise Resource Planning that contains systems and software which can be used for…
Q: Define the supply chains for the following products from the first source of raw materials to the…
A: Supply chain management is the wide range of actions taken to plan, manage, and execute the flow of…
Q: 1. What trade-offs are involved in (a) sharing information with other organizations in a supply…
A: Trade-offs occur when there is an exchange of information, material or any other valuable resource.…
Q: Use a company that produces or delivers a service familiar to you. Using the SCOR five step model,…
A: This structure centers around five spaces of the inventory chain: plan, source, make, convey, and…
Q: Discuss the appropriate Supply chain Push Pull strategy to be used for. And explain for each point…
A: THE ANSWER IS AS BELOW:
Q: Explain most significant benefits that the internet has brought to supply chain management in terms…
A: In today's world, businesses must have access to the Internet. The Internet is used to perform a…
Q: Explain the essential capacities (a special combination of systems, assets and tools) are required…
A: Supply chain management: This is the management of the supply chain which involves the processes…
Q: How would you decide whether a supply chain needs improvement in dupply chain structure, supply…
A: Supply Chain :- A supply chain structure is the suppliers of raw materials, components and services…
Q: What does EDI mean in terms of supply chain management?
A: Electronic Data Interchange (EDI) appears to be a generic term that refers to the electronic…
Q: The item fill rate is categorized as which type of supply chain performance metric? Select one:
A: Fill rate is the rate which represents the percentage of number of orders which a company have…
Q: List, and briefly explain, current trends in supply chain management.
A: The current trends of supply chain are Internet of things (IoT), digitization, visibility, cloud…
Q: what does supply chain strategy focus upon?
A: A supply chain is a network between a business and its suppliers to manufacture and sell to the…
Q: How the Internet has affected the way businesses expect their supply chain planning process
A: Both supply chain forecasting projections were made manually until the invention of the internet.…
Q: Consider the purchase of a can of soda at a convenience store. Describe the various stages in the…
A: At the point when a customer buys a can of soda at the convenience store, then, at that point, his…
Q: other organizations in a supp
A: Management of a supply chain refers to the practice of organizing and controlling the flow of…
Q: Consider the Amazon supply chain. Comment on Amazon's supply chain strategy, then referring to…
A: Supply chain management is the management of goods and services, starting from raw material,…
Q: How can you determine whether a supply chain's structure, processes, or both need improvement?
A: Supply chain management isn't like any other kind of company. It's a group of groups of groups of…
Q: Describe what choices are there for designing a supply chain that better suits the needs of an…
A: The process of delivering services and goods from their origin to a manufacturing facility and…
Q: List down the latest trends in the supply chains ?
A: Supply chain: When a company's final product or service is distributed to clients, it completes the…
Q: in a few paragraphs give a summary of Supply Chain Strategy & Value.
A: Step-1 will include the summary for supply chain strategy, and step-2 will include value chain…
Q: With regards to core processes, explain the supply chain measures?
A: Production chain management is the method of getting a product from raw material to the customer,…
Q: Explain how supply chain decision can affect ROA?
A: Supply chain management: Supply chain management is the process of monitoring and controlling the…
Q: Discuss in detail the historical developments in supply chain management?
A: The following significant advances in supply chain management have occurred, as described below:
Q: What are the essentials of seamless supply chain management? Explain with examples plz
A: Supply chain management is the management in which the flow of products and services produced in the…
Q: What is the most critical issue related to supply chain management you have observed in the…
A: The food chain supply chain management keeps on developing quickly, with buyers currently…
Q: Identify a business that employs EDI in its supply chainmanagement and describe how it is used.
A: Computer to computer exchange trade of standard business records, for example, buy orders,…
Q: Describe the supply chain, in general terms, for McDonald’sand for Toyota.
A: Supply chain management structure built by the organization based on different areas that revolve…
Q: What is meant by EDI in supply chain management
A: Electronic Data Interchange (EDI) seems to be a term that refers to how data is exchanged…
Q: Describe how lead times and forecast errors affect supply chain performance
A: The supply chain is amongst the most key logistics performance indicators to monitor at all times.…
Q: What is the relationship between Supply Chain Sustainability and Operations Planning and Scheduling?…
A: Supply chain sustainability - the management of environmental, social and economic impacts, and…
Q: What options do you have for building a supply chain that best suits your needs a company's…
A: The supply chain refers to the flow of goods and services from the retailer to production, then to…
Q: Given the complexities and risks involved with supply chains, might it make sense for a business…
A: This was the notion in the 1960s and 1970s when corporations believed that they could get a greater…
Q: Discuss how supply chain management adds considerable commercial value to a corporation, its…
A: Supply Chain Management is the management of overall activities starting from procurement of raw…
Q: Purchasing is a trade magazine with articles that includemany examples of supply chain management at…
A: Supply management is a process that ensures the proper transfer of goods to customers in an…
Q: What are the global and internal supply chains' implications?
A: Definitions Global supply chain: - A supply chain where the flow of goods originates from the home…
What are the financial measures of performance in a supply chain? Explain with examples.
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- 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. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.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?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 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?How can financial risks in a supply chain be managed?