Answered step by step
Verified Expert Solution
Question
1 Approved Answer
STEP 1 of TASK 3 [To be completed in Table 2 of the Assessment 5 template] You need to assess the financial health of three
STEP 1 of TASK 3 [To be completed in Table 2 of the Assessment 5 template] You need to assess the financial health of three prospective suppliers. To achieve this, do the following: 3.1 Calculate and complete the missing financial ratios for Suppliers A, B, and C in "Table 2: Suppliers financial health evaluation sheet" in the Assessment 5 template. Use the provided data in Annexure A to calculate the missing ratios. [Note: You are not required to show the calculations used to arrive at your answers. Simply enter the correct values in the corresponding blank spaces in the table]. 3.2 Analyse the financial ratios of all three suppliers using the retail industry standard benchmarks provided in Annexure A. Based on this analysis, identify which supplier is the most favourable when considering each financial ratio. [Note: An example of the expected analysis is provided in Table 2 of the Assessment 5 template]. STEP 2 of TASK 3 [To be completed in Table 3 of the Assessment 5 template] A supplier's financial health is not the only criterion that should be considered when evaluating and selecting suppliers. Consider the supplier's total weighted criteria evaluation scorecard in the Assessment 5 template to complete the following steps: 3.3 Calculate the total weighted score for Suppliers A, B, and C in "Table 3: Suppliers total weighted criteria evaluation scorecard" [Note: You are not required to show the calculations used to arrive at your answers. Simply enter the correct values in the corresponding blank spaces in Table 3]. 3.4 Recommend to Shoprite which supplier would be the best for this project. Provide two reasons to support your recommendation based on the analysis you have conducted. 3.5 Identify one area of improvement for your recommended supplier. Also, suggest a way that you would go about assisting the supplier to improve in this category. 3.6 Given your understanding of Shoprite's background and the responsibilities of your project, choose one criterion from the Malcolm Baldrige National Quality Award to prioritise during the supplier quality review process. Elaborate on why this criterion is your focus. STEP 1 of TASK 3 [To be completed in Table 2 of the Assessment 5 template] You need to assess the financial health of three prospective suppliers. To achieve this, do the following: 3.1 Calculate and complete the missing financial ratios for Suppliers A, B, and C in "Table 2: Suppliers financial health evaluation sheet" in the Assessment 5 template. Use the provided data in Annexure A to calculate the missing ratios. [Note: You are not required to show the calculations used to arrive at your answers. Simply enter the correct values in the corresponding blank spaces in the table]. 3.2 Analyse the financial ratios of all three suppliers using the retail industry standard benchmarks provided in Annexure A. Based on this analysis, identify which supplier is the most favourable when considering each financial ratio. [Note: An example of the expected analysis is provided in Table 2 of the Assessment 5 template]. STEP 2 of TASK 3 [To be completed in Table 3 of the Assessment 5 template] A supplier's financial health is not the only criterion that should be considered when evaluating and selecting suppliers. Consider the supplier's total weighted criteria evaluation scorecard in the Assessment 5 template to complete the following steps: 3.3 Calculate the total weighted score for Suppliers A, B, and C in "Table 3: Suppliers total weighted criteria evaluation scorecard" [Note: You are not required to show the calculations used to arrive at your answers. Simply enter the correct values in the corresponding blank spaces in Table 3]. 3.4 Recommend to Shoprite which supplier would be the best for this project. Provide two reasons to support your recommendation based on the analysis you have conducted. 3.5 Identify one area of improvement for your recommended supplier. Also, suggest a way that you would go about assisting the supplier to improve in this category. 3.6 Given your understanding of Shoprite's background and the responsibilities of your project, choose one criterion from the Malcolm Baldrige National Quality Award to prioritise during the supplier quality review process. Elaborate on why this criterion is your focus
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started