For an organization with which you are familiar, provide an example of each of the four categories
Question:
For an organization with which you are familiar, provide an example of each of the four categories of purchases shown in Figure 10-2. What category strategy would you use for each? Why?
Transcribed Image Text:
Value of Spend to Firm High Low Leverage Standardize purchases Use competition to select suppliers Consolidate purchases Noncritical Increase efficiencies Electronic catalogs Purchasing cards Vendor-managed inventory Low Strategic Build collaborative partnerships Single or dual source Have executive champions in both companies Bottleneck Use multiple sources Find substitute materials Develop new suppliers Level of Supply Risk High
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
1 Leverage The company could purchase office supplies from a single supplier in order to get a volum...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Managing Operations Across The Supply Chain
ISBN: 9781260547634
4th Edition
Authors: Morgan Swink, Steven Melnyk, Janet L. Hartley, M. Bixby Cooper
Question Posted:
Students also viewed these Business questions
-
Select an organization with which you are familiar or one you have researched. Identify four hazard risks. These hazard risks can be from any of the four high-level categories of risk. then, using...
-
Choose an organization with which you are familiar (or contact your instructor for a recommended organization to research). Review all the components of the Manufacturing Planning and Control (MPC)...
-
Choose an organization with which you are familiar that falls into one of the following categories: Sporting goods store Haircut salon College bar or restaurant Pizza business A sports team ...
-
What is the capacity for each of the containers in Problems 4754? (Give answers in the U.S. system to the nearest tenth of a gallon or in metric to the nearest tenth of a liter.) Orange 25 cm Juice...
-
What factors does a householder consider when deciding whether to produce a good or service at home or buy it in the marketplace?
-
Can demographic information be helpful in predicting sales at sporting goods stores? The file Sporting contains the monthly sales totals from a random sample of 38 stores in a large chain of...
-
7. Suppose that, while waiting in line at the grocery store, you overhear a stranger saying that the FDA is going to approve a new drug tomorrow-one that will be a huge success for Alpha...
-
Jellyfish Machine Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Jellyfish, obtains the following information for Job # 10 in August 2014. A...
-
Shadee Corporation expects to sell 600 sun shades in May and 800 in June. Each shade sells for $180. Shadee's beginning and ending finished goods inventories for May are 75 and 50 shades,...
-
1. Liam Richardson is the business manager for the Smith & Lyngate Insurance agencies in the state of Maryland. Liam is interested in increasing the number of agents in Baltimore and plans to buy...
-
Which supplier do you recommend? Why?
-
What other benefits and risks do you see for each supplier?
-
A simple random sample of size \(n\) is drawn from a population that is known to be normally distributed. The sample variance, \(s^{2}\), is determined to be 19.8 . (a) Construct a \(95 \%\)...
-
the priestly model and collegial model represent aspects of what changing dynamic facing health care stakeholders?
-
Assume that you are a retail customer (i.e., you buy at the ask and sell at the bid). Use the information below to answer the following questions. Bid Ask APR S 0($/) $1.42=1.00 $1.45=1.00 i$=4% F...
-
If you could invest in only one - stocks (including preferred stocks), mutual funds (including ETFs), bonds (including convertible and municipalbonds), treasury bills, etc., in which one category...
-
Please, I am currently working on a c# code and I am facing a very serious setback. I once posted the code here sometimes last week and I got a number of explanation but I think I am not still...
-
A friend needs some retirement advice.She would like to retire in exactly 20 years.She currently has $100,000 in a retirement account, but estimates that she will need a total of $2.5 million in that...
-
Darcy borrowed $4,000 in 2013 from her employer to purchase a new computer. She repays $1,000 of the loan plus 6% interest on the unpaid balance in 2013, 2014, and 2015. After closing a big deal in...
-
Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.76 in 2017. What was the annual growth rate?
-
You manage inventory for your company and use a continuous review inventory system to control reordering items for stock. Your company is open for business 300 days per year. One of your most...
-
Suppose in problem 23, you were able to reduce your order cost to $10. What is the impact on all other variables?
-
After you reduce your order cost, as described in problem 24, the supplier in problem 13 changed its pricing policy to a standard $4.75 per unit, regardless of the order quantity. What would be the...
-
Question 66 of 75. All of the following are recorded on Schedule C, Profit or Loss from Business, EXCEPT: 0000 Expenses paid during the year. Gross receipts. Information on the taxpayer's vehicle....
-
When Tom's income decreases, he purchases more hamburgers. We can conclude that for Tom, hamburger is a ( n ) _ _ _ _ _ _ _ _ good. substitute complementary normal inferior
-
Incoterms clearly state which tasks, risks and _ _ _ _ _ _ _ _ are associated with the buyer and which are with the seller. A . Profits B . Costs C . Quantity of goods D . Quality of goods
Study smarter with the SolutionInn App