Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Question
Chapter 20, Problem 4DQ
Summary Introduction
To determine: The reasons for rising demand in using supplier for product and process technology.
Introduction: Process and product technology goes hand in hand. Effective process creates products which are welcomed by the end users. So, these technologies are gaining high importance which helps to increase the competitive advantage of the company.
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Chapter 20 Solutions
Purchasing and Supply Chain Management
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- With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently. Where is the supply chain organization vulnerable to potential risk? Identify at least four risks. Why is the organization vulnerable? How will this risk affect the organization if it happens? How will this risk affect the organization’s customers and suppliers? What are the causes of the risk?arrow_forwardWhy is global supply chain integration so difficult ?arrow_forwardThe management of the supply chain has made it possible for some firms to work more quickly and perform more globally. What are the inherent features of supply chain management?arrow_forward
- What skills or methods should be used to incorporate suppliers effectively?arrow_forwardHow easy is it to switch suppliers? What could make a company's transition to a new supplier more difficult?arrow_forwardShould facilitating institutions be eliminated from the supply chain? Why or why not?arrow_forward
- Imagine that you are in charge of buying business supplies for of the following organizations:A luxury hotel Brainstorm a list of five items you would need to buy in large volumes. Determine how you would go about finding suppliers for these items. Be specific about your plans. Then develop a list of two or three criteria you would use to decide which supplier/source to purchase each item from. Write a post describing your business, products, suppliers, and criteria.arrow_forwardwhat is successful in modernizing their supply chain management to gain an advantage?arrow_forwardHow would you undertake a sourcing exercise in order to ensure that you select the best supplier for the long term?arrow_forward
- What strategies can a firm use to continuously improve the performance of their suppliers?arrow_forwardDo you believe it's appropriate for companies like Black Diamond to analyse their suppliers in this way? Why do you think that is?arrow_forwardIf there are many competing suppliers in a sector, should a prospective entrant prefer collaboration to competition? What factors should influence its decision?arrow_forward
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