A credit card-processing firm would be likely to list the following competitive priorities for its external customers: Part 2 A. Postponement B. Mass customization C. Concurrent engineering D. Consistent quality

A credit card-processing firm would be likely to list the following competitive priorities for its external customers: Part 2 A. Postponement B. Mass customization C. Concurrent engineering D. Consistent quality

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Part 2

Postponement

Mass customization

Concurrent engineering

Consistent quality

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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?
Suppose i want to prepare or manufacture a Tyre Gel for bike or car. What is the best Master formulae for manufacturing this tyre gel? How i can ensure best quality tyre gel with minimum cost? Please answer at your own words.
1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…
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The following information was extracted from the books of Babel Company for the production of rubber products for the year 2020: The number of units sold of product (A) amounted to 60 units The selling price of one unit of product (A) is 100,000 dinars The variable cost of producing one unit of product (A) is 35,000 dinars The fixed cost of the product line (A) is 1,000,000 dinars annually, find the following: break-even point (quantities), break-even point (values), contribution margin per unit of product (A), percentage of safety limit, operating income
Fill the following table for cookies sold in a bakery. Indicate by a checkmark which customer requirements and which technical requirements are related. Use "V" to show the relation and "x" to indicate that there is no relation. Technical Requirements Handling (Click to select) (Click to select) ♥ (Click to select) Customer Requirements Ingredients |(Click to select) (Click to select) ♥ (Click to select) Preparation |(Click to select) ♥ |(Click to select) |(Click to select) Taste Appearance Texture/Consistency in food quality
Supply Chain Management Metrics: Back order – An unfilled customer order. A back order is demand (immediate or past due) against an item whose current stock level is insufficient to satisfy demand. Customer order promised cycle time – The anticipated or agree upon cycle time of a purchase order. It is a gap between the purchase order creation date and the requested delivery date. Customer order actual cycle time – The average time it takes to actually fill a customer’s purchase order. This measure can be viewed on an order or an order line level. Inventory replenishment cycle time – Measure of the manufacturing cycle time plus the time included to deploy the product to the appropriate distribution center. Inventory turns (inventory turnover) - The number of times that a company’s inventory cycles or turns over per year. It is one of the most commonly used supply chain metrics. Here's a question for you: to track these metrics, what kind of a system would you need to implement in your…
Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods Inventory,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600
A manufacturing company has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages its raw material inventory inside the manufacturer’s plant, and only bills the manufacturer when the manufacturer consumes the raw material. How is this likely to affect the manufacturer’s inventory turnover ratio?
The IKEA Company uses the push-based strategy to maintain the relationship with thecustomers as well as collaborate with all the partners and the members of the IKEACompany. However, due to the supplies problem the relationship between a company andits customers is going to be loose and demand uncertainty is high, the supply chain needsto be managed based on realized demand. Therefore in push based strategy firstly weanalyse the need of the customer and then plan to make the outlet and design the productto meet the need of the customer.On the other hand, IKEA Company follows the supply chain strategy that is build to stock inwhich the customer segment is online and popular configuration and the product are basedon small number of configuration designed for market with the large production size.Moreover, have the smooth production to cut the cost and have the stock due to massdistribution at multinational level and planning horizon is medium due to change theproduction level with some…
The IKEA Company uses the push-based strategy to maintain the relationship with thecustomers as well as collaborate with all the partners and the members of the IKEACompany. However, due to the supplies problem the relationship between a company andits customers is going to be loose and demand uncertainty is high, the supply chain needsto be managed based on realized demand. Therefore in push based strategy firstly weanalyse the need of the customer and then plan to make the outlet and design the productto meet the need of the customer.On the other hand, IKEA Company follows the supply chain strategy that is build to stock inwhich the customer segment is online and popular configuration and the product are based on small number of configuration designed for market with the large production size.Moreover, have the smooth production to cut the cost and have the stock due to massdistribution at multinational level and planning horizon is medium due to change theproduction level with some…