Question: a)Why do you think reverse auctions does not work for all items? Should Tata Motors use reverse auction for procuring crank shafts (an important item)?

a)Why do you think reverse auctions does not work

a)Why do you think reverse auctions does not work for all items? Should Tata Motors use reverse auction for procuring crank shafts (an important item)? Explain with reference to Kraljic model. b)There are N locations at which organization faces demand for an item. The demand for the item is uncertain and hence the organization needs to carry safety stock. If it were to make choice between centralized storage of the item and localized storage of the item in each of the location, which alternative will result in lower investment in inventory? Assume that all locations have the same mean and standard deviation for demand. c) What are characteristics of efficient, responsive supply chain? Can a supply chain be both efficient and responsive? Why or Why not

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