Tutorial 8 Sourcing & Purchasing Decisions Part A MULTIPLE CHOICE 1. One advantage of outsourcing is that it: a. gives the company a high degree of control over its operations. b. increases the company’s access to state-of-the-art products and processes. c. protects the company’s proprietary designs and processes. d. encourages the development of the company’s core competencies. 2. Which of these is an indirect cost associated with insourcing?
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Values and ethics are of high importance in determining the nature of a society or a culture. They are used as complimentary terms but they mean different in literal sense. Values define personal character and refer to the beliefs that a person practices when he interacts in personal and social relationships. The conduct exhibited by the person in personal-social behaviors gives a correct evaluation of his morals. Values identify the way a person lives. Ethics are the codes or standards of conduct
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1 Components of Supply Chain Management (SCM) The main elements of a supply chain include purchasing‚ operations‚ distribution‚ and integration. The supply chain begins with purchasing. Purchasing managers or buyers are typically responsible for determining which products their company will sell‚ sourcing product suppliers and vendors‚ and procuring products from vendors at prices and terms that meets profitability goals. Supply chain operations focus on demand planning‚ forecasting‚ and inventory
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Philip of Magdalene‚ commonly known as the "Red Serpent"‚ is a world-renowned sea captain across many realms. He’s a tactical mastermind and true-born leader at sea. His ability to outsmart‚ out-maneuver‚ and out-sail any who challenge him‚ makes him the most feared captain upon the Five Seas. However‚ his fame also made him a target‚ for many have challenged and attempted to assassinate him for recognition. When out at sea or in any large body of water‚ Philip possesses extraordinary abilities in
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Assignment # 1 SCMT 200 NAME: DHALWANI1.DOC Q1-1. Explain the following terms and provide a “real world example” of each term. a). Second-tier supplier: The first tier’s supplier’s supplier is the focal firm’s second tier supplier. Second tier suppliers are companies that sell and deliver goods and services to a first tier supplier. An automobile company could have a second tier supplier that would supply materials or parts to another company which would then supply materials or parts
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What Family Is In his poem “What Work Is‚” Philip Levine describes the kinship between members of the working class by illustrating the speaker’s relationship with his own brother. The bond the speaker has with his brother translates to a sense of understanding towards other people who work long‚ hard hours in order to achieve their dreams. While he stands in line‚ the speaker thinks he sees his brother‚ but upon clearing the rain from his glasses‚ he realizes that “it’s someone else’s brother
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Prudence - Kalidad o Katunayan ng pagiging masinop. “P55.4B supplemental budget inihain ni Drilon” Naghayin si Senate President Franklin Drilon ng P55.4 bilyon supplemental budget ngayong Lunes para sa pagbangon ng mga sinalanta ng bagyong “Yolanda” at ng iba pang kalamidad. Inihain ni Drilon ang Senate Joint Resolution No. 5 para sa pagpapasaayos ng mga winasak na lugar ni Yolanda particular sa probinsyang Samar at Leyte‚ mga gumuhong ari-arian ng lindol sa Bohol at iba pa. Magmumula ang naturang
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Case Study: Global Supply Chain Management and Strategic Sourcing Assignment 1 Due: October 13‚ 2013 at 11:59pm Marks: 20 Sounds like a supply chain problem Metrovox is a German electronics manufacturer that designs‚ develops and manufactures a range of products for the entertainment and home electronics sector. Management has recently focused on two related products‚ Bugabyte and Terabyte Lite. The Bugabyte is a video and audio player with a flash drive. The company has invested heavily in
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* A food chain shows how each living thing gets food‚ and how nutrients and energy are passed from creature to creature. Food chains begin with a plant-life‚ and ends with an animal-life Parts of the Food Chain * Producers These include all green plants. Plants are called producers. This is because they produce their own food! They do this by using light energy from the Sun‚ carbon dioxide from the air and water from the soil to produce food - in the form of glucose/sugar. These are also
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brands‚ however some of their steps from the “supplier of raw materials to the end-customer” in this case these steps are designing‚ manufacturing‚ distribution and retailing not always same. “All stages in chain must include consideration of the final customer; moreover each operation in chain should be satisfying its own customer.” Benetton First was Benetton‚ created by Luciano Benetton during the time‚ when knitted clothes were expensive in or handmade by old people in boring colours. Once when
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