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supply chain management global
Principles Of Supply Chain Management 6th Edition Wisner Tan Leong - Solutions
Explain the impact of the smoothing constant value on the simple exponential smoothing forecast.
What are the components of a time series? Explain the difference between a time series model and an associative model. Under what conditions would one model be preferred to the other?
What are qualitative forecasting techniques? When are these methods more suitable?
Explain the impact of a mismatch in supply and demand. What strategies can companies adopt to influence demand?
What is demand forecasting? Why is demand forecasting important for effective supply chain management?
Explain demand management.
Gather information on business ethics and ethical purchasing, and report on several of the most current news items and controversies.
What is an ASP? Find some on the Internet that are not listed in the chapter, and describe what they do.
Go to the Goldman Environmental Prize website (www.goldmanprize.org), and describe the most recent award winners.
Go to the Fair Factories Clearinghouse website (www.fairfactories.org), and describe the organization, along with some of the current events underway.
Go to the CAPS website (www.capsresearch.org), and find the latest cross-industry benchmarking report; then determine the overall purchase dollars as a percentage of sales in the United States. What benchmarking research is CAPS doing now?
Go to the International Organization for Standardization website (www.iso.org), and write a short description and history of the organization, including some of the various certifications that can be obtained.
How could a company use benchmarking and performance measurement to improve its ethical and sustainable purchasing practices?
Describe several successful ethical sourcing practices.
Why would a firm want to monitor its own purchasing performance?
What is benchmarking? What are some different ways you could use benchmarking to improve your performance at school?
If you work for a company, describe how it rewards and punishes its suppliers. Do you think appropriate methods are being used? Why or why not?
What are some typical supplier rewards and punishments that a buyer could use?
If your firm had 500 suppliers and they each had 100 suppliers, how many second-tier suppliers would your firm have? What if your firm reduced its supply base to twenty?
What is a common method for developing second-tier suppliers?
Why might second- and even third-tier suppliers be important to the focal firm?
Describe the differences between integrative and distributive negotiations, and when each should be used.
What makes supplier alliances fail? How can firms reduce the failure rate?
If your firm had a large number of strategic supplier alliances, what would be the best way to manage them?
What is the difference between supplier management and strategic alliance development?
Describe the differences between vendor-managed inventories and co-managed inventories, and when it might be advisable to do either of them.
Why would suppliers want to be involved on a buyer’s new product development team?
Why is early supplier involvement a good way to integrate the supply chain?
What is sourcing’s role in value engineering, and what benefits does this give to the firm?
Do companies outsource for ethical or sustainable reasons? If so, provide some examples.How might this impact a firm’s reputation?
When would firms want to insource a product or process?
What is outsourcing? How is it different from purchasing? Would a firm ever want to outsource a core product or process? Why or why not?
What is supply base rationalization, and what are its advantages and disadvantages?
What advantages do company-designed supplier certification programs have over industry certifications like ISO 9000?
What are the benefits of obtaining ethical and sustainable certifications? Why would a buyer want its suppliers to have these certifications?
What are innovative and functional products? Can firms buy functional products in an ethical way? A sustainable way? What about innovative products?
How is the U.S. government getting involved in sustainability requirements?
How are ethical and sustainable sourcing policies designed in an organization?
Describe some sustainable and ethical things your university is doing.
How could you apply sustainability to a supply chain?
What are the three Ps? What do they have to do with sustainability?
What are the benefits of sustainable sourcing? Can firms actually make money from sustainable sourcing? Do you think it is a good practice? Why?
What is sustainable sourcing, and how does it differ from ethical sourcing and from green purchasing?
What is a fair trade product? Could farmers in the United States. make fair trade products?
How could purchasing goods from suppliers in developing countries be risky? How should firms reduce this risk?
In what ways is corporate social responsibility different from business ethics?
What are some of the risks of ethical sourcing? How about the potential advantages?Do you think ethical sourcing is a good practice? Why?
What are some common practices or activities of ethical sourcing?
What do business ethics, utilitarianism, and rights and duties have to do with ethical sourcing?
What is ethical sourcing, and why would firms do it?
What is the difference between purchasing and strategic sourcing?
What is strategic sourcing?
Pick a recent supply chain scandal reported in the popular press or online. Describe what led to the scandal and the contributing factors. How could the company have avoided the pitfall?
The Planning Perspectives, Inc. regularly surveys auto manufacturers on the level of supplier relations. Please select a major auto manufacturer and trace the progress made in supplier relations over time. What factors contributed to the rise or fall in the rankings?
Find companies online that are providing SRM software solutions. Provide examples of their success stories.
Many organizations find it necessary to recognize and celebrate the achievements of their best suppliers. Go online and identify a company that has used a supplier recognition program and report on its experiences. What are some of the benefits the company derives from its suppliers?
Pick a company online that is using SRM, and report on its success and/or challenges with the software solution.
Find a company online that has successfully implemented a supplier certification program and write an essay on this company and its experiences.
Find a company online that is using a development program to improve a supplier’s performance and/or capabilities and report on its experiences.
Go online and find an organization that managed its supplier relationships well during the COVID-19 pandemic.
Go to the Institute for Supply Management website (www.ism.ws), and find the listing for the latest ISM Annual International Supply Management Conference. Then find the conference proceedings, and report on a paper that was presented regarding a topic covered in this chapter.
What are the differences between transactional and analytic SRM?
What are the advantages of using SRM solutions to manage suppliers?
List the similarities and differences in the capabilities of SRM software offered by JDA, Oracle, and SAP.
How can supplier development and relationships help in avoiding scandals such as product fraud and recalls, which are damaging to an organization’s reputation and profitability?
What is supplier certification? Why do companies want to have a supplier certification program?
Why do organizations have supplier awards programs?
Explain the key capabilities of supplier relationship management software.
Research ISO’s website (www.iso.ch), and discuss the growth of ISO 9000 and 14000 certifications by regions of the world such as Africa/West Asia, Central and South America, North America, Europe, Far East, and Australia/New Zealand.
Do sustainability issues influence purchasing decisions? What are the benefits of ISO 14000 certification?
What are the benefits of ISO 9000 certification?
Describe the steps needed to develop a successful supplier development program.
What are the benefits and challenges of investing in supplier development programs?
Discuss how an organization develops a supplier evaluation and certification program.
What are the criteria used in evaluating a supplier?
Explain why the majority of strategic alliances fail.
Describe the key performance indicators used to objectively measure the performance of supplier relationships.
Explain how manufacturers can leverage their suppliers to gain a competitive advantage.
What are the key factors that contribute to a lasting buyer–supplier partnership?
What were the essentials for having strong supplier relationships during the COVID-19 pandemic?
The healthcare industry appears to be severely affected by the COVID-19 pandemic.Go online and investigate how hospitals managed the high demand for healthcare services due to the pandemic.
The COVID-19 pandemic has wreaked havoc on supply chains in general. How was procurement affected by the pandemic?
Explain how an organization can manage its suppliers more effectively.
Explain the importance of supplier relationships to the performance of an organization.
If a firm’s cost of goods sold is $5 million and its inventory turnover is ten times, what is the average inventory?
If a firm’s cost of goods sold for the year is $2 million, and beginning and ending inventories for the year are $280,000 and $120,000 respectively, what is the annual inventory turnover?
If a firm can sustain the same level of operations in terms of sales and administrative expenses but reduces its materials cost by $50,000 through smarter purchases, what is the profit-leverage effect on gross profits? What is the profit-leverage effect on profits before taxes?
If a firm’s net income is $100,000 and its return on assets is 10 percent, what is its total assets?
If a firm’s total assets is $1.2 million and its net income is $100,000, what is its return on assets?
Utilize the Internet to search for “incoterms 2020.” Write a report to (a) summarize the incoterms into two groups and (b) describe each of the eleven terms.
Go to the European Union’s website and use the information to write a report that includes its purpose and membership countries. Is the United Kingdom a member of the European Union?
Go to the World Trade Organization’s website and use the information to write a report that includes (a) the functions of the WTO, (b) the latest number of membership countries, (c) its relationship with GATT, (d) the number of countries that had originally signed the GATT in 1994, and (e) the
Describe Tier-1, Tier-2, and Tier-3 suppliers.
What is the current simplified acquisition threshold? How does simplified acquisition help to improve public procurement?
What are the two categories of Incoterms 2020? How many rules are in each category?
What is supplier diversity, and how does a supplier prove their diversity status?
Should unit price be used as the sole criterion for selecting suppliers? Why?
What does inventory turnover measure? Is a higher or lower turnover preferred in general?
When working on process integration, what type of issues must a company overcome for true integration to be achieved?
When analyzing the supply chain management foundation element “logistics,” what are some of the specific issues Cyber Logic Systems must address?
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