Q1: Why are office products frequently chosen as a lead commodity in strategic sourcing efforts? Ans1: One goal of strategic sourcing efforts is to look for opportunities for cost savings. Office products and supplies are commodity items with little differentiation among suppliers and their products. Since office products and supplies can be easily substituted with different suppliers they are frequently chosen as a lead commodity in strategic sourcing efforts. Q2: What observations can you develop about Eagle's SKU usage, prices they pay and contracts they currently use?
The carpet and rug industry was lack of marketing. A result was an erratic upward trend in dollar sales over the past decade but marginal profitability for the industry as a whole. The compare of costs on consumer advertising | Industry | costs | Carpet and rugs industry | 2.1% of sales | household furniture | 4.2% of sales | household appliances | 2.5% of sales | By 1999, it was estimated that 10 companies in the industry produced 91% of carpet and rug sales in the United States. The
Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time.
A potential customer who has never purchased before has a 3% chance of purchasing without receiving a catalog. XYZ has some previous experience with catalog mailings, and they have found that receiving a catalog doubles the probability of purchase for the year that the catalog is received, but it does not effect on the probability of purchase in any year after that. It costs $3.00 to mail a catalog. Since the marketing manager is being evaluated based on two years of results, any future purchases after these two years do not count. XYZ Company in interested in finding the following questions (a) How many catalogs should be mailed each year and to which customers should they be mailed?
* Current situation: * About 16,000 pieces of mail are sent per year. * 50 to 60 people manually stuffed envelopes two days in a month. * Quotes received from approved suppliers show that price is unfair. * University has about 1,200 approved suppliers, a list adjusted every three to five years. * Purchased folding machine had not been installed.
Karen Olsson talks about how an American cannot live on the wages walmart offers their hourly employees. Jennifer Mclaughlin has worked for Wal-Mart for over three years now and earns $16,800 a year. “The way they pay you, you cannot make it by yourself without having a second job or someone to help you, unless you have been there 20 years or you’re a manager.” She states that Wal-Mart managers force her to work overtime, off the clock, and that practice is not only localized to her store only, it is a nationwide practice. “Wal-Mart settled similar lawsuits involving 67,000 workers in New Mexico and Colorado, reportedly paying more than $50 million.” (Olson, They Say I Say pg. 348) In a way to make sure unions do not come into Wal-Mart the have interrogated workers, confiscated union literature, and fired union supported all in violation of the law.
Unfortunately as we have experienced in live situations not all CEO’s follow their ethical responsibility to their organization and society. CEO’s are back tracking there stock options to a point in the company’s fiscal year, and buying stock at a price when the stock was peaking. For example, former UnitedHealth Group CEO William McGuire received 14.6 million stock options on the same day that UnitedHealth Group’s shares fell to their lowest price for the
(TCO 9) Process management consists of which of the following? (Points : 6) 19. (TCO 10) During Final Inspection at a shirt manufacturer, more than 1,500 shirts were found with incorrect buttons. The manufacturer sold the shirts at 70 percent of the normal price to a retailer who specializes in factory seconds. The revenue lost by the manufacturer is considered which of the following?
Credit terms currently offered to its customers is “net 60”. He has analysed the payment pattern of the customers. If any account is not collected within 90 days after sales, that account is considered as not collectible and written off as bad debt loss. However, it is seen that all the customers pay within 90 days and the company has not written off any account as bad debt. The current aging schedule of accounts receivables is shown in Exhibit 4.
Write a minimum of two complete sentences to support your answer. (4 pts.) The areas that cannot be adjusted are housing, healthcare, insurance/pension, and education. These are areas where the cost is exactly what the cost is. You cannot tell your landlord that you are only going to pay 70% of rent this month because housing cost is not negotiable.