Reducing the supply risks by seeking alternative suppliers or alternative products is a procurement managers strategy to?
Q: explain goal-setting theory, reinforcement theory, expectancy theory, & equity theory.
A: Motivation:- Motivation is what explains why individuals or animals start, maintain, or stop a…
Q: discuss 3 recommendation of alternative strategies and strategic solution of Malaysian resource…
A: 1) Corporate level strategy:- Corporate level strategy is an action taken to gain a competitive…
Q: Asymmetric information and imperfect information tend to distort market price and quantity. The use…
A: asymmetric information and imperfect information tells about how some sellers contain more than one…
Q: Briefly describe the managerial support framework for vertical integration and explain its…
A: Vertical Integration is the strategy that are used in many companies to gain Control over its…
Q: .recommend how the newly appointed CEO in the F steel company might go about managing the process.
A: Organizational change: It outlook the process where an organization alters its partial structure,…
Q: The following is the most important in strategy design: Understanding the organization's…
A: VMOSA is an acronym for Vision, Mission, Objectives, Strategies, and Action Plans, which helps the…
Q: Discuss why you think the business failed and what could have been done differently to keep the…
A: Business refers to the activity of exchanging products and services for a sum of money. Business is…
Q: Which of the following is an advantage of an entrepreneur purchasing an existing business? Select…
A: Entrepreneurs are risk takers who are ready to build their own empire by making best use of…
Q: What barriers would keep a smooth-talking person from just walking into your business and making off…
A: Communication means exchanging ideas and thoughts . It means to recieve and send the…
Q: Briefly discuss the different components that contribute to "Superior Efficiency". Give an example…
A: Efficiency:- Efficiency is the (often quantifiable) ability to execute something or achieve a…
Q: please tell m
A: The ability to come up with or recognise concepts, options, or possibilities that could be helpful…
Q: match to the correct job 1: LEGAL NURSE CONSULTANT 2: FORENSIC PSYCHOLOGIST 3: FORENSIC…
A: Human Resource Management: Human resources management is the process of managing the human element…
Q: Review the concept of the “but for principle”.
A: But for principle is used in both contract law as well as criminal law. This law tells whether a…
Q: Review the following hypothetical scenario and answer the following question: After a number of…
A: Expansion is a kind of growth strategy that every business wants to experience as it helps in…
Q: short answer please What are the critical success factors for a project manager? What skills…
A: Managerial functions can be said as those functions which guides about the duties and…
Q: 1. Transshipment Problem The Northside and Southside facilities of Zeron Industries supply three…
A:
Q: Training employees should be conducted in O a maintenance Ob implementation O c. analysis Od testing…
A: BCP is the business continuation plan that helps the businesses to continue their operations in the…
Q: if a company wants to compete on flexibility, what do they need to do? write a short paragraph.
A: Competition has become the new face of business function and survival. Today, all the efforts and…
Q: Question 1. Whether and why the Reward Plan should be team based or individual based. The criteria…
A: Reward system:- The term "reward system" refers to the financial, non-financial, and psychological…
Q: What is ethics in personal life and professional life?
A: Introduction:- The word "Ethics" is derived from a greek word 'Ethos' which means character or…
Q: What are the possible consequences if you fail on planning stage and how can you solve them?
A: Planning is a critical element for the success of any project. Initiating a project without planning…
Q: Bunisess negotiations often consist of a number of components. Give an example of dialogue for each…
A: There are a lot of transactions facilitated by the business on day to day basis and it requires…
Q: 1) What are the basic management roles ? 2) when might a manager use a particular role ? What role…
A: Management:- Management is vital to run all sorts of management and is necessary for an organised…
Q: Drivers of FDI in Ghana
A: The significance of Foreign Direct Investment as a source of economic activity has augmented rapidly…
Q: Description of Business, Product and Industry of Redbull
A: The energy drink Red Bull is produced by the Austrian company, established in 1987. It exports its…
Q: DIRECTIONS: Below are sentences that characterize the forms of busine writing each sentence to the…
A: The different business forms states about variety of ownership that an individual may use to…
Q: Bonsai pty ltd is involved in
A: The Bonsai artists that I know of giving any consideration to the hygiene or cleanliness of these…
Q: How Risk management will affect the hospitality industry?
A: The hospitality industry has been exposed to the challenges of dealing with a global pandemic, there…
Q: 1. This term entails recognition of a shortage of a product or services or unfulfilled desire.
A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…
Q: Explain these staffing policies in great details: Ethnocentric Approach Polycentric Approach…
A: Human Resource Management: Human resources management is the process of managing the human element…
Q: wat are four – five companies in the LAC region which have a significant Chinese stake?
A: LAC REGION : The term Latin America and the Caribbean ( LAC ) is an acronym referring to the…
Q: Use the Situational Model of Leadership to explain what your approach to leadership will be in terms…
A: According to the situational theory of leadership, there is no one best leadership style. Instead,…
Q: Critically discuss the Importance of a recruitment process in an organisation and the need for it at…
A: The employees are the main assets of an organization. The objectives of the organization can only be…
Q: Discuss how the issue of corporate social responsibility (CSR) is applicable to companies in the…
A: INTRODUCTION: Corporate social responsibility (CSR) is a type of business self-regulation in which a…
Q: After the SWOT and TOWS matrix, MS company LTD dertmine the strategic option that it will use and…
A: Case summary:Company MS was founded in 2000 as an autonomous training school. The company provides…
Q: assess the contemporary views of leadership styles within an organization
A: Introduction:- From time to time, different leadership styles have been used in order to provide…
Q: Discuss the need for a universal business model structure.
A: A business is an artificial entity that is run with the help of the employees at different levels of…
Q: Discuss how technological change creates entrepreneurial opportunities. What are some current…
A: Entrepreneurial endeavors are now more profitable and accessible than ever thanks to technology.…
Q: Assess the hiring practices at Dessa, discuss where bias might play a role in selection process.
A: ''First part is subjective, hence authoring only 2nd part by generalizing it'' It is the duty of the…
Q: Prepare a stategic implementation of courses of action in Amazon HR issue.
A: Introduction:- A complete disregard for workers experience and badly integrated HR systems caused a…
Q: How has the role of the manager changed in the last couple of decades? What forces have driven the…
A: Managerial functions can be said as those functions which guides about the duties and…
Q: Develop a strategic HRM strategy for an organization
A: Human resource management department is one of the most sensitive departments of the organization.…
Q: Describe the difference between hard skills and soft skills. What are the different hard and soft…
A: The ability, talent, or expertise required to carry out a task or activity is referred to as a…
Q: Internet quality in the Philippines affected the BPO industry and post challenges when it came to…
A: INTRODUCTION: Since the outbreak of the COVID-19 pandemic, many businesses have been forced to adopt…
Q: How do you motivate your employees in tough times?
A: Motivation- The process that initiates, guides and maintains goal-oriented behaviours is known as…
Q: True or false; explain your answer. For the past year, the average repair frequency for motorcycles…
A: A market is a structured setting where goods and services are bought and sold. It is regarded as a…
Q: Management Information systems are too important to be left to computer specialists. Do you agree?…
A: An organization's activities are supported by a computer system called a Management Information…
Q: Briefly describe how your organisation will use the Balanced Scorecard to control organisational…
A: Balanced scorecard:- A balanced scorecard is a strategy performance management tool, or a…
Q: Describe the difference between law and ethics.
A: Law refers to a set of rules that are often created by an authority usually the government and must…
Q: What are the types of employee training. Explain
A: Employee training is referred as providing the proper knowledge, skills and information to…
Step by step
Solved in 2 steps
- 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…Which isnt a possible benefit of good Market Basket Analysis? Guidance in where products can best be placed in a retail setting. Improved sales through product bundling. Improved data quality in database transactions. Identification of cross selling opportunities. Better ordering of stock inventory.Op2. Finally, describe briefly Amazon Prime Video's streaming organization's strategy using Porter's Three Generic Strategies.
- 4. Suppliers helps the company to promote, sell, and distribute its goods to final buyers. MICRO MARKETING 5. Suppliers are unimportant link in the "value delivery system." MICRO MARKETING 6. Company must gain strategic advantage against the competitions. MICRO MARKETING 7. Publics are groups that has an interest in or impact on an organization's ability to achieve its downfall. MICRO MARKETING 8. Areas inside a company can be considered as macro environment. MICRO MARKETINGMotivations for sellers in an M&A transaction are: O a. Better investment options. O b. Exit O c. Management problems O d. All of them.Please paraphrase It is important that the supply management student recognize an important point about the sequence in the category management process: Few organizations have fully executed the more complex strategies found in Phases 3 and 4. This is because of a variety of factors including the relative complexity of higher-level strategies, the resources and commitment necessary to execute the strategy, the lack of a supply base optimization effort, and personnel who lack the skills and capabilities necessary for developing advanced sourcing strategies. However, those that successfully execute more sophisticated and comprehensive sourcing strategies should realize greater performance improvement over time.
- Arrow Distributing Corp. (see Table 11.9) likes to trackinventory by using weeks of supply as well as by inventory turnover.a) What is its weeks of supply?b) What percentage of Arrow's assets are conmitted to inventory?c) What is Arrow's inventory turnover?d) Is Arrow's supply chain performance, as measured by theseinventory metrics, better than that of Baker in Problem?What are the ethical issues, as identified with the Markkula Center Framework for Ethical Decision related links, in the strategy of Dollar General Download Dollar Generalas depicted in this article? DG may have "hit a gold mine in rural America," but at what ethical cost? This is not merely your personal opinion but an opinion informed by the detailed and contradictory ethical analysis the Markkula app provides. Between Tuesday and Wednesday (11:59 pm) post your detailed analysis based on Markkula for all to see. Wednesday.-Friday, compare and contrast the work of others in the class, and seek to synthesize overall ethical ideas.Critical Thinking Can a company's reverse logistics system have a significant influence on how a con- sumer views the organization and its brand? Are there specific types of products for which a com- pany's reverse logistics system could play a more im- portant role in contributing to a customer's view of the organization? For those companies what charac- teristics would you expect their reverse logistics sys- tems to have in order to create high added value for a customer?
- a) Explain five (5) ways in which electronic systems can be used in the sourcing process.b) Describe five (5) ways in which added value may be created for a buying organization through an effective sourcing process c) With examples, explain the various forms of unethical behavior practiced in the procurement profession.Competitive advantage can be gained through options A. Skimming pricing strategy B. Focusing on distribution of your products in large retail stores C. Customer service enhancements D. Strategically following a low cost strategy4.Organizations reduce number of suppliers by a. Use of direct marketing. b. Online marketing. . Adopting improved material processing strategy d. Use of single sourcing.