Describe two examples of confidential supplier information. What responsibility does the supply manager have for such information? Being a supplier comes with responsibility, due to the fact that many of the product information is considered confidential. There are many …
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Explain why most business firms utilize litigation as a last resort fro dispute resolution. Suggest at least 2 options for avoiding a trip to court and why those options are preferable. Litigation is when a company were to take legal …
What issues are addressed by a compensation arrangement? Explain what is meant by the “motivational implications” of a compensation arrangement. Compensation agreements are agreements between two people to be paid for a service or money. The agreements have the degree …
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Identify the three components of Total Cost. What component do you believe is most important? Why? Total cost consists of three different things. The first is Acquisition costs, which is all the costs like purchasing, planning, taxes, and finances. These …
Identify a key concept or foundational theory from the first four weeks of class and in half a page discuss how it applies to your current work environment or a recent social, political or business event. Include the chapter and …
Explain strategic issues encountered in developing a strategic sourcing plan. Discuss which stage(s) these issues could become problematic in. Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of the company. This process …
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Describe countertrade. What are its major advantages to a manufacturer from a developed country with a pegged currency? What are the major disadvantages? Countertrade is international trade by the exchange of goods rather than by currency. Basically you are trading …
Describe four approaches to quality management. Which approach do you believe is most effective? Why? Customer Focused- This approach means that the customer determines whether the efforts were worthwhile and the quality level. The manager seeks to give customers a …
Development of specifications with cross-functional teams Why should the development of specifications be done with cross-functional teams and what is the benefit to the organization? Specifications are design, performance, or test requirements for a product or item under development. …
In what ways can finance, help the supply management group purchase products and services at a lower cost? The finance team is supposed to be focused on cutting costs, and raising the bottom line. While there are many ongoing accounts …