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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QSM 415 Land Surveying Chain Surveying What is chain surveying? Chain surveying is a type of survey in which the surveyor takes measurements in the field and then completes plot calculations and other processes in the office. Here only linear measurements are made i.e. no angular measurements are made. This is most suitable adapted to small plane areas with very few details. If carefully done‚ it gives quite accurate results. The necessary requirements for field work are Chain Tape Ranging Rod Arrows
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INTRODUCTION OF SUPPLY CHAIN The movement of materials as they flow from their source to the end customer. Supply Chain includes purchasing‚ manufacturing‚ warehousing‚ transportation ‚customer service ‚demand planning ‚ supply planning and Supply Chain management. It is made up of the people‚ activities‚ information and resources involved in moving a product from its supplier to customer. Although this Supply Chain definition sounds very simple‚ effective management of a Supply Chain can be a real challenge
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1. Amazon.com‚ Peapod‚ Dell‚ and many furniture manufacturers use push-pull supply chain strategies. Describe how each of these companies takes advantage of the risk-pooling concept. To better understand the strategies used by the three (3) companies and furniture manufacturers‚ the definition of Push or Pull is established below: Push Strategies – when the manufacturer uses its sales force and trade promotion money to induce intermediaries to carry‚ promote‚ and sell the product to end users.
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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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Case study E-business strategy development: an FMCG sector case study M. Webster‚ R. Beach and I. Fouweather University of Bradford School of Management‚ Bradford‚ UK Abstract Purpose – This paper sets out to discuss the development of an e-business strategy by a UK soft drinks company. It is based within the Fast Moving Consumer Goods (FMCG) sector (also known as Consumer Packaged Goods)‚ which is characterised by powerful retailers‚ tier-1 suppliers of industrial end-products and ingredient/raw
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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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