Summary:

The Term Project involves starting a company called Ancaster Automotive Supply to provide semiconductor chips for automobile manufacturers in southwestern Ontario. Due to the chip shortage and increased demand for consumer electronics, there's an opportunity to supply infotainment chips. Ancaster Automotive plans to source these chips from An$-$Kee Electronics Corporation in Taiwan, which offers favorable terms for a first$-$time customer. The opening order consists of three types of infotainment chips. Ancaster Automotive coordinates with Yusen Logistics for shipping arrangements and requires details regarding transit time, route, carriers, shipment size, and palletization for inventory planning.

Explanation:

The project revolves around establishing Ancaster Automotive Supply to supply semiconductor chips for cars in southwestern Ontario, capitalizing on the semiconductor chip shortage and increased demand for consumer electronics. Ancaster plans to source infotainment chips from An$-$Kee Electronics in Taiwan, which offers advantageous terms for new customers. Ancaster's initial order comprises three types of infotainment chips. Shipping arrangements are coordinated with Yusen Logistics, requiring detailed information on transit logistics for inventory management.

Answer the following questions from the above data :

$1.$ Using the information in your eText, identify the stakeholders in this scenario.

$(10$ points total for this question$)$

$2.$ Since it is your responsibility to arrange transportation for your order, there are

four Incoterms to choose from, including the FCA term you selected. Identify the

other three Incoterms in this scenario and explain why you selected FCA. In

other words, explain why the other three Incoterms are inappropriate $(3$ points

each$)$ and why FCA was your best choice $(1$ point$).(3$ x $3+1=10$ points total for

this question$)$

$3.$ Using the information in your eText, identify the interaction group type $(5$ points$)$

and the supplier interaction model $(5$ points$)$ in this scenario and explain why that

model best describes the relationship between An$-$Kee Electronics and Ancaster

Automotive Supply $(5$ points$).(5+5+5=15$ points total for this question$)$

$4.$ Using the information in your eText, classify the inventory in this sales

transaction $(5$ points$)$ and draw up a commercial invoice to represent the first

shipment. $(15$ points$)$

$(5+15=20$ points total for this question$)$

Version $1\mathrm{.}07$

$5.$ Complete the following information for your opening order.

a$)$ Fill in this Chart $(1$ point each x $18=18$ points$)($Show your calculations for all

answers.$)$

Part #

#

Cases

#

Pallets

Net

Weight

$($kgs$)$

Gross

Weight

$($kgs$)$ Value TWD$ Value CDN$

AK$-$

$3895733$

AK$-$

$9937194$

AK$-$

$4274095$

b$)$ Will Yusen consolidate your order in a $20$ or $40$ ocean container? Why?

$(2$ points$))($Show your calculations.$)$

$(18+2=20$ points total for this question$)$

$6.$ Recall the payment terms requested by An$-$Kee Electronics and answer the following

questions for your opening order: $($Show your calculations for all answers.$)$

a$)$ What is the total value of your opening order from An$-$Kee Electronics in Taiwanese

and Canadian currency? $(2$ points$)$

b$)$ What value will be shown as payable to An$-$Kee Electronics on your LC in Taiwanese

and Canadian currency? $(2$ points$)$

c$)$ How much is the remaining $25\%$ payable in $120$ days by bank wire transfer in

Taiwanese and Canadian currency? $(2$ points$)$

d$)$ How much is the remaining $25\%$ payable on consignment in Taiwanese and

Canadian currency? $(2$ points$)$

e$)$ Identify the company or organization and your URL for currency conversions in this

question. $(2$ points$)$