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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Q: Model the following business process at a supplier. . After a supplier notifies a retailer of the approval of a purchase order, the supplier can receive an order confirmation, an order change, or an order cancelation from the retailer. It may happen that no response is received at all. If no response is received after 48 h, or if an order cancelation is received, the supplier will cancel the order. If an order confirmation is received within 48 h, the supplier will process the order normally. If an order change is received within 48 h, the supplier will update the order and ask again the retailer for confirmation. The retailer is allowed to change an order at most three times. Afterwards, the supplier will automatically cancel the order.
- Case study below: The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued sharecapital of Tapestry Home Brands for R2.35 billion. TFG said it is acquiring the sale shares fromWestbrooke Investments Proprietary Limited, funds managed by Actis, as well as the current andprevious management of Tapestry whose brands include popular made-to-order furniture retailer,Coricraft; South Africa’s renowned branded bedding retailer Dial-a-bed; home textile retailer,Volpes; and value bedding retailer, The Bed Store.Established in 2005, Tapestry’s own, locally manufactured product accounts for 47% of net sales,employing a total of approximately 2,500 people, with manufacturing facilities located in CapeTown, Johannesburg, and Gqeberha. Tapestry operates 175 stores across South Africa, Namibia andBotswana. The three business segments, namely living, linen and bedding, are run on adecentralised basis by a strong management team, it said.“The transaction will provide…Case study below: The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued sharecapital of Tapestry Home Brands for R2.35 billion. TFG said it is acquiring the sale shares fromWestbrooke Investments Proprietary Limited, funds managed by Actis, as well as the current andprevious management of Tapestry whose brands include popular made-to-order furniture retailer,Coricraft; South Africa’s renowned branded bedding retailer Dial-a-bed; home textile retailer,Volpes; and value bedding retailer, The Bed Store.Established in 2005, Tapestry’s own, locally manufactured product accounts for 47% of net sales,employing a total of approximately 2,500 people, with manufacturing facilities located in CapeTown, Johannesburg, and Gqeberha. Tapestry operates 175 stores across South Africa, Namibia andBotswana. The three business segments, namely living, linen and bedding, are run on adecentralised basis by a strong management team, it said.“The transaction will provide…MASTERY PROBLEM / Cr. Cash: $4,301.83 ar Ban Trenkamp owns and operates the Trenkamp Collection Agency. Listed below are the name, number of allowances claimed, marital status, information from time cards on hours worked each day, and the hourly rate of each employee. All hours worked in excess of 40 hours for Monday through Friday are paid at 1½ times the regular rate. All weekend hours are paid at double the regular rate. Trenkamp uses a weekly federal income tax withholding table (see Figure 8-4 on pages 288 and 289). Social Security tax is withheld at the rate of 6.2% for the first $110,100 earned. Medicare tax is withheld at 1.45% and state income tax at 3.5%. Each employee has $5 withheld for health insurance, All employees use payroll deduc- tion to the credit union for varying amounts as listed. GENERAL LEDGER Trenkamp Collection Agency Payroll Information for the Week Ended November 18, 20-- Credit Total Hourly Rate Earnings 1/1-11/11 Union Employee No. No of Allow. Regular…
- Case Study. Terminalmarkets.com From Wall Street stockbroker to vegetable importer to Internet entrepreneur, Sinan Talgat has trusted hisserendipitous career wherever it has led him. It all started with a mango farm venture in South America. A friend persuaded Talgat to sell the produce in New York. So he solicited interested buyers at Hunts Point Terminal Produce Cooperative in the Bronx, which is the largest produce marketplace in the world. But El Niño hit Ecuador hard, wiping out the mango crop and Talgat’s chances.Still, the produce market intrigued Talgat. To him, Hunts Point was “like the floor of the New York Stock Exchange.” He formed Fortune Fruit Ltd. and imported fresh basil and asparagus. But the stockbroker inhim kept wondering: Is there a more efficient way to do this? A way that more closely resembles a securities exchange?Six months ago, Talgat developed his strategy for Terminalmarkets.com, a fruit and vegetable exchang3 for the global wholesale produce industry and a…The outdoor pool is out of service at your resort and your teenage tour group of 30 is checking in today. What could the convention services manager do to be proactive? Question 5 options: a) Make arrangements to shuttle the guests who want to use the pool to a private pool. b) Nothing. The pool is closed for the safety of the guest. c) Tell them to go to the YMCA. d) Pay for them to swim at the hotel pool next door and charge a small fee.CASE STUDY In the not-too distant future, technology has advanced and space travel has become increasingly popular. Humans have colonised Mars and, to a lesser extent, the moon, driving not only the desire for tourism, but the necessity of travel and delivery services between these three major destinations. Sam Osland has recently taken on the role of CEO of “Voyager”, an interplanetary airline owned by the Moon Government and offering flights between the three aforementioned destinations. In this role, Sam has been given information and is attempting to analyse Voyager’s current position to determine what strategy is being pursued and how best to position Voyager against their major competitors; SpaceX, Virgin Galactic and Blue Origin. Voyager operates out of a single hub on the moon. While competitors operate to and from multiple spaceports (airports for spacecraft), Voyager continues to base its operations on the moon, with a single spaceport on Mars and another on Earth,…
- Q1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) Rational decision-making approach ideally implies ______ decisions. Programmed Non-programmed Rational Non-rationalQ1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) "An army officer gives his directions on a certain task, his cadets are compelled to follow his instructions. This is an example of ___. " Expert Referent Reward Legitimate c) _____ is the person who serves as one of the key persons in managing change initiatives. Change agent CEO CFO CIOYou work for the Brad's Nailer Company which manufactures three types of nailers: a pneumatic model, the "ProLine", and a cordless model. You have contracted to supply a national retail chain with all three models of nailers. However, Brad's nailer production capability is limited in three departments: production, testing, and packaging. The goal is to maximize your revenue. Your answer will be the number packaging hours to be produced (The number of nailers must be a whole number.) Use Scenario 2