SLO 8.2. If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed, he or she will typically issue a: Request for quotation (RFQ) Request for proposal (RFP) Request for information (RFI) Request for bid (RFB) Request for suggestions (RFS)
Q: The options for remedying a cost disadvantage associated with activities performed by forward…
A: Option A = This is incorrect option because switching to lower priced substitutes can help to reduce…
Q: Explain how the Spiral Model and the V Model work in managing the completion of projects.
A: Introduction- The spiral model can be defined as a model for risk analysis which implies the overall…
Q: Can we identify a specific area of difficulty being tackled by the workflow management tool?
A: The design, planning, execution, and control of company operations are all part of operations…
Q: Given the following data, use exponential smoothing (a=0.20) to develop a demand forecast. Assume…
A: A statistical technique for predicting time series data is exponential smoothing. It is a well-liked…
Q: The common types of valuable resources and competitive capabilities that management should consider…
A: The management should consider all of these option when crafting a strategy for valuable resources…
Q: What are some Policy Memo topics for homeland security and terrorism that can be used for an…
A: Operations management in homeland security involves ensuring that resources and personnel are…
Q: Given the information in the following table: Activity IPAS A B C D E ● ● A A B,C D Draw the AOA…
A: Given- Activity Immediate Predecessors A - B A C A D B,C E D
Q: A time standard was set as 0.20 hour per unit based on the 50th, unit produced. Assume the task has…
A: Learning Rate = 90% Time Standard set as 0.20 hours based on 50th unit
Q: When designing an internal control system, which of the following do you consider to be most…
A: The internal control system varies from company to company depending upon various internal factors.…
Q: earn to tell the difference between a functional, matrix, and project-based structure. Explain the…
A: Organizational structure refers to the formal system of authority, communication, roles, and…
Q: Provide three (3) examples of how to improve communication at the level of the executive management…
A: Three examples of how to improve communication at the level of executive management staff of a…
Q: This piece will differentiate between the two types of data flow charts and explain their uses. How…
A: Data flow charts, otherwise called data flow diagrams (DFDs), are graphical representations of the…
Q: A project to build a new bridge seems to be going very well since the project is well ahead of…
A: Given, First activity expected cost = $1418500 Second activity expected cost = $10498500 Third…
Q: Case study: GoodBite is interested in selling a new form of teeth whitening strips. They dissolve in…
A: To assess whether GoodBite should launch its new teeth whitening strips, we need to estimate the…
Q: Possible results include expanding the project's goals or adding unnecessary features. Explain the…
A: The outcomes of a project are always preplanned and determined and on the basis of the outcomes,…
Q: Station 1 Machine A 20 min/unit Station 1 Machine B 20 min/unit Station 2 12 min/unit Station 3 8…
A: Ans) Process time is defined as the time taken by one unit from start to end position i e from…
Q: 1. Develop a WBS with at least two levels for a project (e.g., moving away to college, registering…
A: As the name says work breakdown structure can be defined as the representation that divides the work…
Q: The five techniques for risk management should be identified and communicated concisely.
A: Risk management refers to the process of recognizing, evaluating, and managing potential risks that…
Q: Explain the SAP ERP system's approach to distinguishing between tasks, jobs, and employees.
A: SAP ERP (Enterprise Resource Planning) system is a software platform developed by SAP SE, a German…
Q: You are thinking of making your mansion more energy efficient by replacing some of the light bulbs…
A: Linear programming is one of the mathematical techniques that is widely used by companies. This…
Q: What are the four helpful principles for effective negotiation? Explain and expand.
A: Effective negotiation is the process of two or more parties coming to a mutually acceptable…
Q: Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by…
A: Naive forecast method is the last observation method. It is simple time series forecast technique.…
Q: Professional integrity in project management is crucial.
A: Integrity can be defined as a framework or an item that is the quality or condition total; solid…
Q: Following are the observations (in minutes) for four elements of a task. Element 1 1234 2 3 Element…
A: Observe time is the average of cycle. It is calculate with following formula Observe time = Total…
Q: As supply chains have become more global, the risk of supply disruptions has: Increased because…
A: ANSWER:1 "Increased because emerging economies lack the established countries' commercial ethics."…
Q: 1. William Beville's, computer training school, in Richmond, stocks workbooks with the following…
A: Given- Demand (D) = 19,500 units/yearOrdering Cost (S) = $25/orderHolding Cost (H) = $4/unit/year…
Q: 5 Feasibility Study Title ( Non-Food Product) with explanation
A: A feasibility study can be defined as an assessment and examination of an undertaking or framework…
Q: list and discuss how can line managers effectively utilize staff managers to achieve organizational…
A: Introduction: A Line manager is someone who manages other staff members or employees to churn out…
Q: Station 1 Machine A 20 min/unit Station 1 Machine B 20 min/unit Station 2 12 min/unit Station 1…
A: Ans) Bottlenecks are the processes which has slowest duration or takes maximum time to make 1 unit.…
Q: Cranberries can be harvested using either a "wet" method or "dry" method. Dry-harvested cranberries…
A: Decision Variables: Suppose-W = barrels of cranberries harvested using wet methodD = barrels of…
Q: Starting from Scratch: The Evolution of ERM at the Workers' Compensation Fund What skill set or…
A: Workers' Compensation is a sort of insurance covering employees for injuries or illnesses sustained…
Q: Consider a manufacturing process depicted by the following flowchart. A1 A2 B: 4 minutes A3 Each of…
A: Given process time of the operators- A1, A2, and A3: 20 minutes B: 4 minutes C1 and C2: 2 minutes.
Q: On page 32, Alex and his team learn some things about robot efficiencies. Rogo notes, "To give the…
A: Given data: Capacity per hour=25 parts Cost per hour=$20
Q: The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan…
A: Buying in bulk can be a great way to save money when cooking or baking for a large event, such as a…
Q: The activity variance along the critical path is [ ? ]
A: Here, for each activity, I would determine the expected activity time, standard deviation and…
Q: Home-Style Cookies tracks monthly sales by type of cookie, see the following table. Month…
A: Given-
Q: Consider a four-step serial process with the number of workers at each step and processing times…
A: A business process consist of a sequence of activities that contributes to the process of creating a…
Q: Project viability criteria must be compiled and discussed. Is there a determining factor? Why?
A: The determining factor for project viability criteria can vary depending on the project and its…
Q: a) Determine the type of fraud committed and describe the symptoms of fraud that might be evident to…
A: The provided excerpt tells the tale of Sharp, a bookkeeper employed by John Travolta, the proprietor…
Q: A decision maker using an exponential utility function would prefer a random payoff with an…
A: ANSWER 1: TRUE EXPLANATION : A decision maker who uses exponential utility function is risk-loving.…
Q: You've just completed a pilot run of 10 units of a major product and found the processing time for…
A: A learning rate illustrates how a process improves over time as a result of learning and growing…
Q: Problem 4S-7 (Algo) A production line has three machines A, B, and C, with reliabilities of .90,…
A: Given data: Suppose, the reliability for A = Ra = 0.90 The reliability for B = Rb = 0.95 The…
Q: Ross Hopkins, president of Hopkins Hospitality, has developed the tasks, durations, and…
A: Given-
Q: f a production facility equipment runs for l0 hours and must be idle for four hours while being…
A: Production is the relation of the inputs to have the required output. It includes various tools,…
Q: Analyses incorporate people, whereas designs focus on the product. Analyses create models, whereas…
A: The assertion "Although designs concentrate on the product, analyses also take into account…
Q: The contribution of corporate governance practices, organisational culture and ethics to an…
A: Corporate governance practices, organizational culture, and ethics are three critical elements that…
Q: Please calculate the Ls and Lf for K-A
A: A network diagram shows the sequence of the task that is done to complete a project. It usually…
Q: What are the drawbacks of global strategy if John is to pursue Reduction in adaption to cultural…
A: See the question above about the possible adverse effects of a worldwide strategy for John's…
Q: Problem 2 The labor cost to produce a certain item is $20 per hour. Material cost is $60 per unit.…
A: Given- Labor cost = $20Material cost = $60 per unitOverhead cost = 70%Learning rate = 80%
Q: Station 1 Machine A 20 min/unit Note: Station 1 Machine B 20 min/unit Station 2 12 min/unit Station…
A: To find: The process time of the system measured in the minutes/unit. Given: The process time for…
SLO 8.2. If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed, he or she will typically issue a:
Request for quotation (RFQ) Request for proposal (RFP) Request for information (RFI) Request for bid (RFB) Request for suggestions (RFS) |
SLO 9.1. Blanket purchase orders:
Reduce costs by decreasing the number of purchase orders issued Cover multiple purchase requirements on one order Are difficult to prepare Reduce costs by decreasing the number of purchase orders issued and cover multiple purchase requirements on one order Reduce costs by decreasing the number of purchase orders issued, cover multiple purchase requirements on one order, and are difficult to prepare |
If you have any desire to purchase materials from a supplier for an expert venture, you might consider reaching them with inquiries before making a buy. To find out how much the materials cost, you can request a cost statement. You can request a statement, share a requested rundown of things and make sense of why you're requesting those particular things. It could make the citing system more proficient assuming you incorporate the ideal sum for everything recorded. Consider making a projectile for everything so the beneficiary knows to track down a statement for each.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Procurement- Which of the following is not a type of product defect: A. Manufacturing B. Design C. Marketing D. Pricing
- Alvarez Incorporated can purchase component X from 3 potential suppliers. Supplier A charges a fee of $6.50 per component. Supplier B charges $2100 per order plus $2.50 per component ordered. Supplier C charges $4.00 per component, and requires the buyer to pay for at least 300 components (even if the order size is less than 300). 4. What is the full range of order sizes where each supplier is optimal? 5. Alvarez decided to buy 1000 units of component X from supplier B. How much money could the company have saved if it purchased the 1000 units from supplier C instead of supplier B? 6. Next week supplier B will be running a 18% off special. What equation represents the new Total Cost for supplier B during the sale? Hint: plug the same number of units into both the new and the original Total Cost equations. The new equation should provide a value that is 18% less than the original.reeway company introduces an improved version of an PC product in 2021; it is likely that the demand for the existing PC will decline because customers will buy the improved version. The decline in demand for the original product is not indicated by historical data. your opinion about the historical demand data will be: a. the historical demand is still useful in that it allows the firm to estimate the combined total demand for the two versions b. the historical demand is not useful. c. the historical demand is still useful in that it allows the firm to estimate the demand for the old version only d. the historical demand is still useful in that it allows the firm to estimate the demand for the new version onlyMr. Williams, the leather handbag buyer for an upscale menswear specialty retailer located in San Francisco, decides to review his vendor analysis report before making his forthcoming season’s purchases. The report shows that there are three relatively strong and three relatively weak suppliers among the top six resources in relation to the gross margin each generated. Mr.Williams realizes that some important aspects of his job as a buyer are to negotiate trade discounts, quantity discounts, cash discounts, dating, and transportation charges. Because any and/or all of these factors can increase the essential gross margin figure, he examines copies of past orders to determine the terms of sale on previous purchases. He discovers that some suppliers granted all his requests pertaining to discount and dating elements, certain vendors negotiated these factors only after an initial order was placed, and a considerable number allowed only the absolute minimum discount that prevailed in the…
- You are the managing Director of Mediconsult, a medical supplies company, located at Tema. Due to the COVID-19 pandemic, your regular import of supplies has been cut by half. As a result, you are unable to meet the demands of most of your clients. Write a letter to the Procurement Director of Abala Hospital, Spintex Road, to inform her of your inability to supply her company's request for face masks.You have just started to work in the purchasing office of a major pharmaceutical firm. The purchasing manager has asked you to assist in writing an RFP for a major purchase. The manager gives you a sheet detailing the specifications for the RFP. While reading the specifications, you realize that they have been written to be extremely favorable to one bidder. How should you handle this situation?2. Karen Weber, the purchasing agent for Smith Manufacturing, views the purchase of widgets as a routine buying decision. What factors might lead her to alter this position? More important, what factors determine whether Karen considers a particular supplier, such as Albany Widget?
- When a customer allows the supplier to manage inventory policy for an item or group of items.121) The difference between what a consumer would be willing to pay and the price actually paid is referred to as: a) Consumer’s demand b) Consumer’s surplus c) Supplier surplus d) Supplier demandIn the context of a buying process, which of the following statements is true of satisficers Question 28 options: a) They select the best supplier who satisfies their product and delivery requirements b) They study numerous proposals carefully before selecting one. c) They contact new and unfamiliar suppliers when they need to purchase a product d) They contact familiar suppliers and place orders with the first one that fulfills their requirements