Techsoft in the past has outlined four major factors to evaluate its suppliers. All the four...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Techsoft in the past has outlined four major factors to evaluate its suppliers. All the four suppliers have been ranked (on a scale of 1 to 5,5 being the best) based on their performance in the past. Leaders from Category A and Category B have been surveyed to understand the importance of each of the factors for its customers. For Category A, the importance of each of the factors can be best outlined through a ratio of 1:1:2:2 whereas for Category B through 1:2:2:1. Factor Quality Price Service Delivery Flexit 5 3 5 4 Maxo Inc 3 4 4 4 Worldcomm 3 5 5 3 Nanotech How can the best supplier be identified in each category? What are the benefits of consolidation? What distinguishes the service and delivery factors? 4 3 4 4 What are the factors used to evaluate suppliers? Why are these factors considered the main ones, and what additional factors do you recommend? Why do the evaluation factors differ between categories A and B? What factors can be used to minimize the lead time in the supply chain? What factors can help reduce inventory levels? Figure 4. Supplier uncertainty related information Techsoft currently orders raw materials from all the four suppliers. It is looking to save costs through consolidation to one supplier per Category. Techsoft expects the uncertainty in supply to be similar to the past performance even after the scale up of the chosen supplier. Techsoft expects each of the suppliers to have a fulfillment target of 98% Week Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Order placed by Techsoft for the raw materials 75 75 75 75 75 75 75 75 75 75 75 75 Flexit fulfillment till the due date 75 77 73 75 74 78 75 74 74 77 75 75 75 Maxo Inc fulfillment till the due date 72 77 75 75 77 75 72 78 78 75 75 71 75 Worldcomm fulfillment till the due date 72 75 74 77 74 75 78 76 74 78 74 73 75 Nanotech fulfillment till the due date 74 76 74 76 73 74 77 77 74 77 76 72 75 Fulfillment of Flexit 100% 103% 97% 99% 99% 104% 100% 98% 99% 103% 99% 100% 100% Fulfillment of Maxo Inc 96% 103% 100% 100% 103% 100% 96% 104% 104% 100% 100% 95% 100% Fulfillment of Fulfillment Worldcomm of Nanotech 96% 100% 99% 103% 99% 100% 104% 101% 99% 104% 99% 97% 100% 99% 101% 99% 101% 97% 99% 103% 103% 99% 103% 101% 96% 100% Techsoft in the past has outlined four major factors to evaluate its suppliers. All the four suppliers have been ranked (on a scale of 1 to 5,5 being the best) based on their performance in the past. Leaders from Category A and Category B have been surveyed to understand the importance of each of the factors for its customers. For Category A, the importance of each of the factors can be best outlined through a ratio of 1:1:2:2 whereas for Category B through 1:2:2:1. Factor Quality Price Service Delivery Flexit 5 3 5 4 Maxo Inc 3 4 4 4 Worldcomm 3 5 5 3 Nanotech How can the best supplier be identified in each category? What are the benefits of consolidation? What distinguishes the service and delivery factors? 4 3 4 4 What are the factors used to evaluate suppliers? Why are these factors considered the main ones, and what additional factors do you recommend? Why do the evaluation factors differ between categories A and B? What factors can be used to minimize the lead time in the supply chain? What factors can help reduce inventory levels? Figure 4. Supplier uncertainty related information Techsoft currently orders raw materials from all the four suppliers. It is looking to save costs through consolidation to one supplier per Category. Techsoft expects the uncertainty in supply to be similar to the past performance even after the scale up of the chosen supplier. Techsoft expects each of the suppliers to have a fulfillment target of 98% Week Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Order placed by Techsoft for the raw materials 75 75 75 75 75 75 75 75 75 75 75 75 Flexit fulfillment till the due date 75 77 73 75 74 78 75 74 74 77 75 75 75 Maxo Inc fulfillment till the due date 72 77 75 75 77 75 72 78 78 75 75 71 75 Worldcomm fulfillment till the due date 72 75 74 77 74 75 78 76 74 78 74 73 75 Nanotech fulfillment till the due date 74 76 74 76 73 74 77 77 74 77 76 72 75 Fulfillment of Flexit 100% 103% 97% 99% 99% 104% 100% 98% 99% 103% 99% 100% 100% Fulfillment of Maxo Inc 96% 103% 100% 100% 103% 100% 96% 104% 104% 100% 100% 95% 100% Fulfillment of Fulfillment Worldcomm of Nanotech 96% 100% 99% 103% 99% 100% 104% 101% 99% 104% 99% 97% 100% 99% 101% 99% 101% 97% 99% 103% 103% 99% 103% 101% 96% 100%
Expert Answer:
Answer rating: 100% (QA)
The factors used to evaluate suppliers by Techsoft are 1 Quality 2 Price 3 Service 4 Delivery These factors are considered the main ones because they directly impact Techsofts operations and customer ... View the full answer
Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
Posted Date:
Students also viewed these general management questions
-
A molecule that contains oxygen (O) can have different structures depending on both thermodynamics and kinetic conditions. The following figure, which is from a research paper, contains the pair...
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
Frits Seegers, President of Citibank California, was meeting with his management team to review the performance evaluation and bonus decisions for the California branch managers. James McGarans...
-
Marquis Company uses a weighted-average perpetual inventorysystem. August 2, 22 units were purchased at $3 per unit. August 18, 27 units were purchased at $5 per unit. August 29, 24 units were sold....
-
In this problem we consider the effect of a single zero on the frequency response of a system. Let z = rej? be zero inside the unit circle (r H.(w) = 1 - re"e-jw = 1 -r cos(w - 0) + jr sin(w - e) (a)...
-
Modern communication technology has brought us connectivity just about anywhere on the planet. One very useful tool has been WiFi on airplanes. Communicating with a moving target is significantly...
-
Lara Knoffs, a qualified commercial artist, had worked as an employee of a large advertising agency for a number of years. She decided to resign her position and set up her own business which would...
-
Refer to the current information for Bay Area Cycle Co. in Mini-Exercise 12.4. In Mini-Exercise 12.4, Current operating income for Bay Area Cycles Co. is $70,000. Selling price per unit is $100, the...
-
Calculate the theoretical yield of SnS_2. theoretical yield: 0.768 g The student recovers 0.384 g of SnS_2. Calculate the percent yield of SnS_2 that the student obtained. percent yield: %
-
Prepare the Annual Reconciliation of Employer Wage Tax for Philadelphia, using the blank. For lines 1, 3, and 4, use gross wages and salaries per general ledger less exempt wages paid to Russell...
-
Chris had surgery and the total bill for medical services was $60,000. Jose has a Preferred Provider Organization (PPO) policy with a $1,000 calendar-year deductible and a $5,000 maximum...
-
Suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6.3%. You hold the bond for five years before selling it. a. If the bond's yield to maturity is 6.3% when you sell it,...
-
22 Glover Company makes three products in a single facility. These products have the following unit product costs: Direct materials Direct labor 01:42:41 Variable manufacturing overhead Fixed...
-
A project that provides annual cash flows of $11,700 for 12 years costs $79,720 today. a. If the required return is 15 percent, what is the NPV for this project? b. Determine the IRR for this...
-
XYZ Inc. has expected earnings over the next year of $2/share (E1 = 2). The company is expected to maintain an earnings retention rate of 40%, i.e., 60% of earnings are expected to be paid out as...
-
What are the intricate biochemical pathways involved in cellular metabolism, and how do they regulate the conversion of nutrients into energy and biomolecules?
-
In the circuit below find the current I 2 (in A) when R 1 = 60 ?, R 2 = 74 ?, R 3 = 195 ?; V 1 = 206 V, and V 2 = 238 V. Be careful about the sign! V 1 R #mi V R R3 2
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
Which of the following represent a common categorization of control activities? a. Authorization controls, control over human error, information processing controls, physical controls, and...
-
When sending positive confirmations, which of the following would not be an appropriate way to address nonresponse by a customer? a. Search for evidence of subsequent cash receipt from the customer....
-
Differentiate between the occurrence and existence assertions. How do both differ from completeness?
-
In the Skycoaster amusement park ride, riders are suspended from a tower by a long cable. A second cable then lifts them until they reach the starting position indicated in Figure P5.3. The lifting...
-
Bethany, who weighs 560 N, lies in a hammock suspended by ropes tied to two trees. One rope makes an angle of 45 with the ground; the other makes an angle of 30. Find the tension in each of the ropes.
-
A vendor at the local art fair ties her tent to the concrete-filled coffee can shown in Figure P5.34. A stiff breeze comes up and the string becomes taut. What is the maximum value that the string...
Study smarter with the SolutionInn App