According to lecture, which of the IT purchasing strategies is being followed when you purchase your ERP system and all the supporting software modules from only one company, like Oracle? Vendor Triangle Omni-channel Vendor Direct Single Vendor Best of Breed
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- What are the functions of FTC?According to some, the most efficient strategy to cut system purchase costs is to use off-the-shelf application packages. Others remain skeptical. Are you in agreement with this statement? What is the rationale behind this, or why is this not the case?Which of the center-led enablers could be utilized without expending a great deal ofcorporate P/SM’s resources or requiring additional personnel?
- Weaknesses of Magstar Total Retail Notwithstanding the system's many advantages, there are a few potential drawbacks to consider. Despite having CRM features, Magstar Total Retail could not be as feature rich as standalone CRM systems. Some users could discover that the CRM's features are constrained or lacking in sophistication. Magstar Total Retail interacts with other systems, however doing so may make it more challenging to use data from other systems to increase the effectiveness of the CRM capabilities. The efficiency of Magstar Total Retail's CRM capability, as with any CRM system, is heavily reliant on user acceptance. The effectiveness of the CRM may not be as high as it could be if users are not properly trained on the system and do not use it regularly. Despite the system's flexibility, making changes and editing information within the various systems is complex. Users discover that there are only a few options for customizing CRM functionality for specific businesses.…How can organizations select the right vendors for mobile device procurement?SLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line? A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…
- 4. Jay is a senior buyer at an electronics factory. He plans to provide an orientation training to his junior buyers on the importance of information in supply chain.(a) Analyse the characteristics of good information with relevant examples.(b) Discuss the challenges of information technology management. answer guidelines - (a) to analyse characteristics of good information with example - appropriate, accuracy, accessible when needed - (b) to discuss the challenges of information technology management. cybersecurity threat, incomplete data (GIGO), high implementation cost, lack of knowledge/resourcesb) As a purchasing manager of a big retailer that operates a chain of grocery stores, discuss four ways how you could use a SCM system to provide value for your company and customers. Support your discussion with examples where appropriate.What were your challenges and difficulties when engaging with supply chain managementrelated content?• Which component within the supply chain discipline you enjoyed learning about the mostand could this be a potential career path? Why or why not?
- The nature of these offerings distinguishes public cloud products from their more limited, proprietary relatives. Is there anything else you would recommend, and if so, what are the advantages?The company’s focus is on growth based on, “its holy trinity of price, selection, and availability,” as explained by former Amazon executive John Rossman in his book The Amazon Way. One of the company’s strengths is that they built their own supply chain management tools from the ground up. As a result, they were able to build a system where communication in real time is standard practice and making adjustments is inherently part of the way the system works. While other big box giants and mega superstore companies are scrambling to retrofit outdated and disjointed IT, Amazon is efficiently zipping ahead of the competition. Communication in real time means convenience for customers. Orders can be filled and shipped from a variety of locations to maximize efficiency and customer satisfaction. When a process is deemed no longer relevant it is abandoned for more responsive solutions. Of course, few companies have the supply chain budget of companies like Amazon and FedEx, but the…manafacturing technology please answer as soon as posasible