sole-sourcing arrangements, customers involve suppliers
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Under sole-sourcing arrangements, customers involve suppliers from the design stage, asking for larger deliveries of higher quality items in large batches that enable greater savings. True or False?
Sole-sourcing arrangement indicating a practice where the system working with a single service provider. In a business environment, sole-sourcing arrangement indicating the selection of suppliers and agreements between customer and suppliers. Based on the definition of the sole sourcing arrangements, we can identify the validity of the statements like given below.
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- Firms often use a single supplier for important components to mitigate the risks of total supply disruption. O True FalseTo reduce the bullwhip effect and save on delivery costs of a functional product, the buyer should order goods from the supplier in full truckload. (please answer agree or disagree and explaintrue or false Introducing pressure on internal suppliers is a motive for corporate venturing.
- Price has been the primary criteria for selecting suppliers traditionally. Select one a . False b . TrueA sourcing strategy is essentially a business case for an organisation to determine an optimal approach to procure resources. AusMed which manufactures medical ventilators, wants to procure a heating tube which is a critical component of humidification equipment. In comparison to the value of the ventilator, the heating tube cost less. Moreover, there are very few suppliers in the world that can supply the heating tubes. Outline the steps involved in the sourcing the heating tube? Discuss what sourcing strategy that AusMed needs to adopt while procuring heating tube?When suppliers collaborate with the firm overall performance has been known to improve up to _________ 20% 15% 10% none of the above
- transactional supplier relationship management focuses on analysing the supply base, creating a context for difficult and important questions, and dealing with long term strategies. TRUE or FALSEDoes the supplier have bar coding capability or radio frequency identification (RFID) technology?Which of the following does NOT call for supplier involvement? Group of answer choices A) All of the choices require some level of supplier involvement. B) New product development C) Just-in-time production d) Quality management.
- 6. In an exemplary company, there are two production areas. One area manufactures a series product with a high repetition rate and low variance. The other area manufactures systems that are highly customized and manufactured as a one- off, in exceptional cases as a small series with 3 or 4 identical systems. Only the standard parts are identical for all systems, but with a different required quantity. According to which principle would you supply the two production areas through central logistics? In your answer, differentiate between A, B and C parts (by value).You can better control your suppliers by having less new suppliers * O True O FalseHi, I am looking for the formula for calculating maximum acceptable purchase price in a make or buy situation. The amount of units being produced is unknown. What is known are the variable cost per unit and fixed cost per unit of existing manufacturer, as well as the price to obtain the product from another supplier. Thanks!