Homework Assignment #$1$

Part A $(25$ points$)$

List the important supply chain members in the supply chain for a pair of pants that is eventually bought by someone shopping in a Bloomingdales' department store. Start with the procurement by the pants manufacturer of the fabric, lining, thread, zipper, and buttons each from a different supplier. $(6$ points$)$

Draw and label all components of this supply chain. $(10$ points$)$

Consider a global supply chain. For such a supply chain describe the following:

a$)$ three advantages and b$)$ three risks associated with this type of supply chain $(9$ points$)$ Part B $(25$ points$)$

With the expected increase in AI$,$ robotics and automation, list and explain what knowledge and skills you think are important for a purchasing professional. $(8$ points$)$

What does each of the following terms mean $(8$ points$)$

a$).$ "focal firm"

b$)$ "first$-$tier supplier $"$