Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 16, 2024

When the exact specification and performance of a material is unknown ( as with new product development ) , a sourcing manager will use the

When the exact specification and performance of a material is unknown

(

as with new product development

),

a sourcing manager will use the following sourcing principle:

Iterative Bidding

Negotiation

Competitive Bidding

Contracting

Vague Sourcing

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

Recommended Textbook for

Project Management A Systems Approach to Planning Scheduling and Controlling

Authors: Harold Kerzner

10th Edition

978-047027870, 978-0-470-5038, 470278706, 978-0470278703

More Books

Students also viewed these General Management questions

Question

★★★★★

A tour boat travels between two islands that are 12 miles apart (see figure). For each trip between the islands, there is enough fuel for a 20-mile trip. (a) Explain why the region in which the boat...

Answered: 1 week ago

Question

★★★★★

Some AIDS activists believe that health insurance companies should not be allowed to ask applicants if they are infected with the HIV virus that causes AIDS. Would this rule help or hurt those who...

Answered: 1 week ago

Question

★★★★★

35. A number is selected randomly from the set {0000, 0001, 0002, . . . , 9999}. What is the probability that the sum of the first two digits of the number selected is equal to the sum of its last...

Answered: 1 week ago

Question

★★★★★

Blanche Creek (111 Elm Avenue, Plymouth, IN 46563) has engaged your firm because she has been charged with failure to file her 2015 Federal Form 1040. Blanche maintains that the "reasonable cause"...

Answered: 1 week ago

Question

★★★★★

When the exact specification and performance of a material is unknown ( as with new product development ) , a sourcing manager will use the following sourcing principle: Iterative Bidding Negotiation...

Answered: 1 week ago

Question

★★★★★

#5. State whether variables names are valid, if invalid state reason. State whether the following variable names are valid. If they're invalid, state the reason. a. prod_a b. c1234 c. abcd_c3 d....

Answered: 1 week ago

Question

★★★★★

( compare the entries. Problem 3-2 (LO 2) Simple equity method adjustments, consolidated work- sheet. On January 1, 2015, Paro Company purchases 80% of the common stock of Solar Company for $320,000....

Answered: 1 week ago

Question

★★★★★

Advanced Accounting 12 Edition I am so lost with Chapter 3 Problem 3-2 ... Can you please walk me through this? This is the problem detail. Problem 3-2 (LO 2) Simple equity method adjustments,...

Answered: 1 week ago

Question

★★★★★

Problem 3-2 (LO 2) Simple equity method adjustments, consolidated work- sheet. On January 1, 2015, Paro Company purchases 80% of the common stock of Solar Company for $320,000. Solar has common...

Answered: 1 week ago

Question

★★★★★

Count of Restaurant Column Labels Row Labels Good Very Good Excellent Grand Total 10-19 20-29 30-39 40-49 50.00% 47.62% 2.38% 0.00% Grand Total 100.00% 22.67% 42.67% 30.67% 4.00% 100.00% 3.03% 21.21%...

Answered: 1 week ago

Question

★★★★★

Case 19-5 Coffee Co. Coffee Co. (Coffee or the Company), an SEC registrant, is an international coffee roaster that has both domestic and international subsidiaries. At year-end, before taking into...

Answered: 1 week ago

Previous Question Next Question