The tasks of a purchasing department in an organization include a. Processing requisition for materials and supplies Ob. Locating suppliers or vendors OC. Negotiating purchasing contracts Od. All of these

The tasks of a purchasing department in an organization include a. Processing requisition for materials and supplies Ob. Locating suppliers or vendors OC. Negotiating purchasing contracts Od. All of these

Name: The tasks of a purchasing department in an organization includea. Proc
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Description: The tasks of a purchasing department in an organization includea. Processing requisition for materials and suppliesOb. Locating suppliers or vendorsOC. Negotiating purchasing contractsOd. All of these

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

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 1GPE

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Net requirements =a) Gross requirements + Allocations - On-hand inventory+ Scheduled receipts.b) Gross requirements -Allocations - On-hand inventoryScheduledreceipts.c) Gross requirements - Allocations - On-hand inventory+ Scheduled receipts.d) Gross requirements + Allocations - On-hand inventory -Scheduled receipts
: Iqra University plans to launch its new campus at Bahria Town Karachi. Thiscampus will facilitate media science and business studies. For a complete setup, the procurementdepartment will have to facilitate a number of purchases including equipment, lab facilities andgeneral items. Develop a procurement strategy for this new campus. You are required to prepare amatrix showing, the nature of purchases, types and requisitions required for the completesetup.
11 A ______ is a customer order that a company accepts in one period but promises to deliver at a later point in time. a delivery order b return order c backorder d buyback order 12 Companies that use ______ strategy employ the options of hiring and laying-off workers, overtime work, subcontracting, and so on to meet demand. a dual strategy b product strategy c chase strategy d mixed strategy 13 The output of the master schedule is a(n) ______. a materials requirement plan b operations plan c master production schedule d production plan
Procurement costs do not include: * Purchasing costs. Setup costs. Receiving goods and placing them into inventory. Issuing purchase orders.
Inventory and supply chain management concepts (6) When is it appropriate to use an Economic-Order-Quantity (EOQ) to determine an inventory order quantity? Multiple Choice O O When product has short lifecycle and it is very expensive to buy. When product is perishable and there is cost of holding inventory. When product has long life cycle and there is fixed cost of ordering. When product's demand is uncertain and there is a known cost of under-stocking.
Assume that you are the manager of a shop that assembles power tools. You have just received an order for 52 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws is Item Lead Time (weeks) On Hand Components Saw 2 15 A(2), B(1), C(4) A 1 10 E(3), D(1) B 2 5 D(2), F(3) C 2 65 E(2), D(2) D 1 20 E 1 10 F 2 30 Develop the material requirements plan for component E using lot-for-lot ordering. (Leave no cells blank - be certain to enter "0" wherever required.) Item: E(3) & E(2) LT = 1 wk. Beg. Inv. 1 2 3 4 5 6 7 8 Gross requirements Scheduled receipts Projected on hand Net requirements Planned order receipt Planned order release
Assume that you are the manager of a shop that assembles power tools. You have just received an order for 52 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws is Item Lead Time (weeks) On Hand Components Saw 2 15 A(2), B(1), C(4) A 1 10 E(3), D(1) B 2 5 D(2), F(3) C 2 65 E(2), D(2) D 1 20 E 1 10 F 2 30 Develop the material requirements plan for component E using lot-for-lot ordering.
3. PRODUCTION CYCLE. What are the main activities and please explain how each of those activities are performed in the business process/transaction cycles.
Please complete the sup part: e,f and g. 1.B&H needs to decide how to manage its inventory of cameras. The demand for cameras at B&H is 200 cameras per week. Each time that B&H places an order for a new shipment of cameras, it must pay $80 in fixed processing fees. A camera costs B&H $60 to purchase. The cost for B&H to hold a camera in its store for one week is $4. Assume that the lead time for the delivery of a camera is 0 weeks.a. Suppose that B&H places orders for cameras in quantities of 50 cameras at a time and places a new order for cameras each time that it runs out. Draw a graph showing the number of cameras that B&H has on-hand in inventory at each point in time up until the time when it places its fourth-order. Label the points in time at which B&H places a new order. Assume that B&H places its first order for 50 cameras on day 0.b. Suppose again that B&H places orders for 50 cameras at a time. What will be B&H’s average holding…
Net requirements =a) Gross requirements + Allocations − On-hand inventory+ Scheduled receipts.b) Gross requirements − Allocations − On-hand inventory −Scheduled receipts.c) Gross requirements − Allocations − On-hand inventory+ Scheduled receipts.d) Gross requirements + Allocations − On-hand inventory −Scheduled receipts.
A. Compute the inventory turnover ratio. B. Compute the weeks of supply.
A firm orders a number of items from a regional warehouse every 2 weeks. Deliverytakes 1 week. Average demand is 200 units per week, and safety stock is held at2 weeks’ supply.a. Calculate the target level.b. If 600 units are on hand, how many should be ordered?