Course Title:- Purchasing
Q1.
As the chief of purchasing in a giant retailer company, you always heard some people comment that supply is taking profit instead of making a profit because it spends organizational resources. What do you think about this statement, do you agree? Use an example to illustrate your answer
Q2:
The petroleum and coal products industry accounts for 80% of total purchases per sale, while the food industry accounts for about 60%. Explain what these numbers mean. What does this number mean for supply managers at companies in these industries?
Q3:
Why does the company need to build the corporate objectives? What are they? As a newly hired supply chain manager, what are your supply objectives? How do you align your goal with the company goal? How do you identify the most difficult obstacles to build a strategic, functional supply chain?
Answers
Q1. Disagree, as supply management contributes to profitability by optimizing procurement processes.
Q2. The percentages indicate the significance of efficient procurement for supply managers in the petroleum, coal, and food industries.
Q3. Corporate objectives provide direction; as a supply chain manager, my objectives align with the company's goals to optimize supplier partnerships, and costs while identifying and overcoming obstacles.
Q1. I disagree with the statement that supply is taking profit instead of making a profit. Supply management plays a critical role in optimizing procurement processes, managing supplier relationships, and controlling costs, all of which contribute to overall profitability. For example, by negotiating favorable contracts with suppliers, implementing efficient inventory management strategies, and ensuring timely delivery of goods, supply management can help the company reduce costs and enhance profitability.
Q2: The percentages mentioned indicate the proportion of total purchases made within each industry relative to their sales. In the petroleum and coal products industry, 80% of each sale goes towards purchasing materials and supplies necessary for their operations. Similarly, in the food industry, 60% of each sale is allocated to purchasing.
For supply managers in these industries, these numbers highlight the significance of effective procurement and supply chain management. With such a large proportion of sales being spent on purchasing, supply managers must focus on strategic sourcing, supplier relationship management, and cost control initiatives to ensure efficient operations and maintain profitability.
Q3: Building corporate objectives is crucial for an organization as it provides a clear direction and purpose for all functions, including supply chain management.
As a newly hired supply chain manager, my supply objectives would align with the company's broader goals. For example, my objectives might include enhancing supplier partnerships, optimizing logistics and distribution networks, and driving cost savings through strategic sourcing initiatives.
By aligning my goals with the company's objectives, I contribute to the overall success of the organization and help drive its strategic agenda.
Identifying the most difficult obstacles to building a strategic and functional supply chain requires a comprehensive analysis of the supply chain processes, potential risks, and external factors impacting the industry. By understanding the challenges and obstacles, I can develop strategies and contingency plans to mitigate risks and ensure a robust and resilient supply chain.
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Related Questions
What does an exchange rate tell you?
A. How many products have been exchanged between two different countries
B. The number of people in one country in comparison to another country
C. How much one unit of currency is worth when converted to another currency
D. The speed that people are buying a specific type of product
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Answer:
C. How much one unit of currency is worth when converted to another currency
It tells you: C. How much one unit of currency is worth when converted to another currency.
what is democracy????
Answers
Explanation:
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
Answer:
A system in which government is selected by the citizens....
What product are you making to bring Toys R Us back?
Answers
Answer:
An exclusive amazon alexa that's for little little kids, like toddlers that doubles as a camera
Explanation:
What happens when a person writes a check but there are insufficient funds in his or her bank account?
Answers
This means the check will not be able to be processed and the person will likely incur a fee from their bank. Additionally, the person may be charged a fee by the person or entity to whom the check was written.
What are the common reasons for a check to bounce?There are several common reasons for a check to bounce, including insufficient funds in the account, closed account, an account that is no longer active, or a mistake when writing the check such as incorrect date, amount, or payee. Additionally, if a check is written for an amount that exceeds the account balance and any available overdraft protection, it will also bounce.
What are the consequences of a bounced check?The consequences of a bounced check can vary depending on the reason for the bounce, the amount of the check, and the person or entity to whom the check was written. Some common consequences include incurring a fee from the bank and the person or entity to whom the check was written, a negative impact on the person's credit score, and possible legal action, depending on the circumstances. It is also considered as a criminal offence in some countries and states, if done intentionally or repeatedly. Additionally, if the bounced check was written to a business, it can result in the person being added to a “bad check” database or being banned from doing business with that company in the future.
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An account into which a person deposits money and then can withdraw funds by making a written order to the bank instructing it to pay money from the account to another person or a business is known as
a. a savings account.
b. achecking account.
c. a cashier's account.
d. a credit account.
Answers
Researchers conducted a study to determine the monthly rental cost of rent-controlled apartments in the five boroughs of New York City in 2012. The study randomly sampled 157 apartment records from the Bronx, obtained from a large collection of income- and expense-filing statements. The 95% confidence interval of rent-controlled apartment costs in the Bronx was $917.00 ± $22.10. The cost of all rent-controlled apartments in the Bronx has a standard deviation of $73.70. State the conclusion of the z-confidence interval for the mean. Researchers are certain that the interval ($894.90, $939.10) contains the mean.
Answers
Question Completion:
Researchers are ________certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____. (
all rent-controlled apartments in New York City.
all rent-controlled apartments in Bronx.
the 157 apartments in the sample.
all apartments in Bronx)
Answer:
Researchers are ___95%_____certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____.
all rent-controlled apartments in Bronx.
Explanation:
The 157 samples were from the Bronx, "obtained from a large collection of income- and expense-filing statements." The concentration of the study was on "rent-controlled apartments in the Bronx." So, the study or research is specific. Therefore, the generalization from its findings can only be specific to the Bronx borough of New York City and affecting only rent-controlled apartments.
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
Answers
Because the price is rising.
According to the a.t. kearny/foreign policy globalization index, countries ________.
Answers
According to the A.T. Kearney/Foreign Policy Globalization Index, countries are evaluated based on their degree of globalization.
The A.T. Kearney/Foreign Policy Globalization Index is a comprehensive measure used to assess the level of globalization in different countries. It takes into account various factors such as economic integration, technological connectivity, personal contact, and political engagement. By analyzing these factors, the index determines how interconnected and interdependent a country is with the rest of the world.
The index evaluates countries based on their engagement in global flows of goods, services, finance, people, and ideas. It considers factors such as trade openness, foreign direct investment, internet penetration, international tourism, and political participation in global organizations. The higher a country's score on the index, the more globalized it is considered to be.
The A.T. Kearney/Foreign Policy Globalization Index provides a comprehensive and objective assessment of a country's globalization level. It helps policymakers, researchers, and businesses understand the dynamics of globalization and its impact on various aspects of a country's economy and society. By identifying the most and least globalized countries, the index highlights the opportunities and challenges associated with globalization in different parts of the world.
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According to the A.T. Kearney/Foreign Policy Globalization Index, countries are evaluated based on various factors to determine their level of globalization. The index assesses economic integration, technological connectivity, political engagement, and personal contact.
In terms of economic integration, countries with high globalization scores typically have open markets, encourage trade and investment, and have strong international economic ties. For example, countries with extensive free trade agreements and multinational corporations operating within their borders may receive high scores. Technological connectivity refers to a country's access to and use of technology. This includes internet connectivity, mobile phone usage, and innovation. Countries with advanced technological infrastructure and widespread use of technology often score higher on this aspect.
Political engagement examines a country's participation in international organizations, treaties, and alliances. Countries that actively engage in global affairs and participate in international agreements tend to have higher scores. Lastly, personal contact assesses the level of international tourism, migration, and cultural exchange. Countries that attract tourists, host international events, and have diverse populations tend to receive higher scores.
Overall, the A.T. Kearney/Foreign Policy Globalization Index evaluates countries based on economic integration, technological connectivity, political engagement, and personal contact to determine their level of globalization. This index helps policymakers and researchers analyze global trends and understand the impact of globalization on various nations.
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Using the same quiz format, steps required to answer questions, and submission deadlines for both pars and kcs are examples of which of the eight golden rules for hci design?.
Answers
Examples of the eight golden standards for hci design's Strive for consistency include using the same quiz structure, procedures needed to answer questions, and submission dates for both pars and kcs.
In interface design, every component, theme, animation, and action should stay consistent throughout the experience. The user will probably be perplexed, for instance, if the interface alters the button's color and Strive for consistency font while the user is using it. The concept of consistency extends beyond a single application. For instance, websites frequently share basic elements like the corporate logo in the upper left corner and the top menu. These patterns have emerged through time, been described by usability professionals, and incorporated by designers into common practice.
Between pages of one application or between still-related applications, Strive for consistency is required. The key is that authorized users, including the majority of inexperienced users, can still view sites that are seen as still being in dialogue or as still having a connection to the program in use. Users won't be afraid to switch applications as a result of feeling at ease with the application.
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The question was incomplete. Check below the full question.
Using the same quiz format, steps required to answer questions, and submission deadlines are examples of which of the Eight Golden Rules for HCI Design?
a. Supporting internal locus of control
b. Offering informative feedback
c. Strive for consistency
d. Reducing short-term memory load
To significantly enhance customer choices, Levi combines flexible manufacturing with flexible marketing. Customers may visit the Levi's clothing website or some company-owned stores and order a pair of jeans that will be made especially for them. Levi's has adopted a ________ orientation approach
Answers
Levi's has adopted a mass customization orientation approach.
According to the background to the issue, it is correct to state that Levi took a mass customization orientation approach.
This is a strategy that companies use to provide differentiated products and services to meet a customer's specific needs.
The mass customization process is the focus on the product with a flexible production, which guarantees the possibility of a high production and at a lower cost, which therefore means selling a customized product offering a low price to the customer.
Mass customization has the benefits of satisfying consumer desires and creating added value to the company's products and services, which generates better positioning and competitiveness.
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The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answers
Answer:
true took the test brainliest please
In which section of an informal proposal would you most likely include a timetable for a project to be completed?
Answers
In an informal proposal, you would most likely include a timetable for project completion in the "Implementation Plan" or "Project Schedule" section.
In an informal proposal, the structure and sections may vary depending on the specific format or requirements.
when it comes to including a timetable or project schedule, it is common to find this information within the "Implementation Plan" or "Project Schedule" section.
The "Implementation Plan" or "Project Schedule" section outlines the timeline for executing various tasks and activities involved in the project. It provides a clear overview of the milestones, deadlines, and duration of each phase or stage of the project. This section helps stakeholders understand the project's timeline and ensures that all parties involved are on the same page regarding the expected completion dates and the sequence of tasks.
Including a timetable or project schedule in the proposal demonstrates your ability to effectively plan and manage the project, enhancing the credibility of your proposal. It also allows evaluators or decision-makers to assess the feasibility and practicality of the proposed timeline.
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State 2 secondary market research Ford mothers could use
Answers
Explanation:
Secondary market research includes data that is already compiled and organised for you. Examples of secondary information include reports and studies by government agencies, trade associations or other businesses within your industry.Ford conducts market research online and in person, refining and creating new data-gathering processes that influence product development and marketing campaigns. The company engages consumers through moderated clinics and through one-on-one interviews before vehicles reach market.
what are two internal governance mechanisms put in place to align principal and agent incentives? (check all that apply.)
Answers
Strategic control and reward systems are two internal governance mechanisms put in place to align principal and agent incentives.
An agent, in legal terminology, is a person who has been legally empowered to act on behalf of every other individual or an entity. An agent can be employed to represent a consumer in negotiations and different dealings with 0.33 parties.
Section 182 of the Indian Contract Act defines the time period Agent and fundamental, as consistent with which, Agent is the character appointed by using every other individual to represent in dealings or any sort of professional paintings with a third celebration. The essential is the person who appoints the agent to represent him.
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sandford inc. manufactures lawn mowers and garden tractors. lawn mowers are relatively simple to produce and are made in large quantities. garden tractors are customized to individual wholesale customer specifications. the company produces and sells 300,000 lawn mowers and 30,000 garden tractors annually. revenues and costs incurred for each product are as follows: lawn mowers garden tractors revenue $19,500,000 $17,850,000 direct material 4,000,000 2,700,000 direct labor ($20 per hour) 2,800,000 6,000,000 overhead ? ? manufacturing overhead totals $3,960,000. a. calculate the profit (loss) in total and per unit for each product if overhead is assigned to product using a per-unit basis. note: round your final answers to two decimal places (i.e. round $4.355 to $4.36).
Answers
The profit (loss) in total and per unit for each product, if the overhead is assigned to the products using a per-unit basis, are as follows:
Mowers Tractors
Total profit (loss) $9,100,000 $8,790,000
Profit per unit $30.33 $293.00
How is a per-unit basis?A per-unit basis is a function of each product's total cost or profit divided by the production and sales units.
Manufacturing overhead totals $3,960,000
Mowers Tractors
Production and sales units 300,000 30,000
Revenue $19,500,000 $17,850,000
Direct material 4,000,000 2,700,000
Direct labor ($20 per hour) 2,800,000 6,000,000
Overhead ? ?
Overhead per unit = $12 ($3,960,000/330,000)
Overhead for Lawn Mowers = $3,600,000 ($12 x 300,000)
Overhead for Garden Tractors = $360,000 ($12 x 30,000)
Mowers Tractors
Production and sales units 300,000 30,000
Revenue $19,500,000 $17,850,000
Direct material 4,000,000 2,700,000
Direct labor ($20 per hour) 2,800,000 6,000,000
Manufacturing overhead 3,600,000 360,000
Total costs $10,400,000 $9,060,000
Total profit (loss) $9,100,000 $8,790,000
Profit per unit $30.333 $293.00
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Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next
Answers
Answer:
Explanation
Answer will be
C
Salary Account Debit
Cash Account Credit
SRC Refrigeration Company manufactures and sells refrigerator display units for flowers. A salesperson for the company is calling on a large supermarket chain to try to interest them in SRC's new refrigeration unit. The salesperson has set as his sales call objective to replace all refrigeration units in the 235-store chain with SRC units. This sales call objective would be an example of a(n) ______________ call objective. Question 48 options: optimistic minimum primary crazy inspirational
Answers
Answer:
A. optimistic
Explanation:
A. optimistic
B. minimum
C. primary
D. secondary
E. basic
Minimum call objective can be regarded as basic business purpose which is a case that ones sales person needed to achieve so that the call can be successful. And the optimistic call objective can be regarded as optimistic outcome that sales person could think of in given sales.
what was school discipline like 20 years ago?
Answers
The school discipline like 20 years ago can be decribed as one that is harsh with punishments.
What was discipline in schools around 1960s?If the satudents do something wrong at school as a 60's kid and were found out, it should be noted that one would actually be expecting a slap over the hand or leg with a ruler.
And sometimes cane or a shoe can be used to correct errors made by the students, and this can be considered as an Harsh punishments weren't uncommon and it often led to very well behaved classes.
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As a business consultant to a grocery store, your job is to determine what pricing policy would be appropriate for increasing the total revenue. The first step you would take would be to Group of answer choices reduce staff in order to reduce operating costs. increase the price of all products. determine the price elasticity of supply for all products sold at the store. determine the price elasticity of demand for all products sold at the store.
Answers
As a business consultant for this store to determine the appropriate pricing i would determine the price elasticity of demand for all products sold at the store.
The price elasticity of demand can be described as the measurement of the economic impacts of changes in price on the quantity that would be demanded by the consumers.
It would be necessary to observe how the price of the goods would affect the demand. If the prices are too high and the demand falls, the revenue would drop.
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1. What are the main professions in Nepal? Name them.
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Answer:
The main professions in nepal are mostly farming and animal rearing.
The main professions in Nepal are Farming and animal husbandry, however, there are many occupations such as Doctor, engineer, and many others but these two are principal occupations.
In Nepal, animal husbandry is the second major occupation as first is farming, due to the fact that Nepal is an agricultural country. About 30% of the total population is engaged directly in agriculture, however, About 80% of people are involved directly and indirectly in farming as their occupation.
People of Nepal are rear all types of domestic and/or dairy animals like goats, pigs, buffalos, Chickens, Cattle, and dogs, and others. These animals help a huge amount of the people of Nepal as their occupation.
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Careers in the Hospitality and Tourism career cluster are
O highly desirable and pay high wages.
O bountiful and expected to continue to grow.
O seldom desirable and pay low wages.
O limited and expected to continue to decline.
Answers
Answer:
B
Explanation:
Edge
Careers in the Hospitality and Tourism career cluster are bountiful and expected to continue to grow. Thus option B is correct.
What are Careers?Career sectors are means of classifying various career kinds based on shared characteristics. People can use these criteria to help them focus their job options and select a suitable path.
A collection of occupations that emphasize giving people food, lodging, aid to travelers, and enjoyable activities. The abundance of jobs in the travel and hospitality career cluster is anticipated to persist.
The planning, management, and provision of lodging, dining, entertainment, conferences, and tourism, as well as related arranging and community programs including transport services, are all part of a the hospitality and tourism employment cluster. Therefore, option B is the correct option.
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seedbed preparation
activities
1.cleared the area
Answers
The Diversified Growth Co. Has three different divisions. Its low-risk division accounts for $5 million of its assets and has a beta of 0. 8. Its middle-risk division accounts for $10 million of its assets and has a beta of 1. 1, while its high-risk division has assets worth $15 million and a beta of 1. 8. Diversified’s overall firm beta is therefore equal to _____. (Do not round intermediate computations. )
Answers
The Diversified Growth Co. has three divisions with different risk levels and asset values. The low-risk division has $5 million in assets and a beta of 0.8, the middle-risk division has $10 million in assets and a beta of 1.1, and the high-risk division has $15 million in assets and a beta of 1.8. To determine the overall firm beta, we need to calculate the weighted average of the division betas based on their asset values.
To calculate the overall firm beta, we need to take into account the asset values and betas of each division. The formula to calculate the weighted average beta is as follows:
Overall Firm Beta = (Beta of Low-Risk Division x Asset Value of Low-Risk Division + Beta of Middle-Risk Division x Asset Value of Middle-Risk Division + Beta of High-Risk Division x Asset Value of High-Risk Division) / Total Asset Value
Using the given information, the calculation would be as follows:
Overall Firm Beta = (0.8 x $5 million + 1.1 x $10 million + 1.8 x $15 million) / ($5 million + $10 million + $15 million)
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Receiving an email that says you have changed your bank account password when you have not is:
A. likely a warning sign of fraud, but the email should be opened to be certain.
B. not likely a warning sign of fraud, but the email should be deleted regardless.
C. not likely a warning sign of fraud, and the email should be opened.
D. likely a warning sign of fraud, and you should contact your bank.
Answers
Answer:
D. likely a warning sign of fraud, and you should contact your bank.
Explanation:
If you have not changed your bank account's password, and you are the only one you know with access to the account, you should suspect either that your account has been compromised or that you are being scammed. Call the official number of your bank to find out (not the one on the email.)
Answer:
. likely a warning sign of fraud, and you should contact your bank.
Explanation:
There are two competing spas in town that offer 1-hour massages, pedicures, and manicures at the following prices. Massage Perdicure Manicure
Calm Retreat [$70 $30 $251] Lotus Spa [$90 $36 $27] a) If Janet takes her friend to the Lotus Spa and has 4 manicures done, how much will it cost? [DOK 3: 3 marks] b) What is the difference in the price between a massage at the Lotus Spa and one at the Calm Retreat? [DOK 3:3 marks]
Answers
A massage at the Lotus Spa costs $20 more than one at the Calm Retreat, and Janet will have to pay $108 for 4 manicures there.
Spas Massage Pedicure Manicure
Calm Retreat $70 $30 $251
Lotus Spa $90 $36 $27
Required to calculate: a. If Janet takes her friend to the Lotus Spa and has 4 manicures done, how much will it cost?
b. What is the difference in the price between a massage at the Lotus Spa and one at the Calm Retreat?
a)
Price of a manicure at the Lotus Spa: $27
Quantity of manicures: 4
Cost of 4 manicures at the Lotus Spa = Price of a manicure * Quantity of manicures
Cost of 4 manicures at the Lotus Spa = $27 * 4 = $108
b)
Price of a massage at the Lotus Spa: $90
Price of a massage at the Calm Retreat: $70
The difference in price = Price of a massage at the Lotus Spa - Price of a massage at the Calm Retreat
Difference in price = $90 - $70 = $20
Therefore, the difference in price between a massage at the Lotus Spa and one at the Calm Retreat is $20 and it will cost Janet $108 for 4 manicures at the Lotus Spa.
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Gordon is over 65 what is his adjusted gross income
Answers
Answer:
huh
Explanation:
hbybibhbil
the demand for professional education is increasing this day. put your argument to support the statement
Answers
Explanation:
I hope it helps you... and please marks me as brainliests...
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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why is it so important to check the accreditation of a private higher leaning institution?Explain Three reasons
Answers
Answer:
Explanation:
Accreditation helps determine if an institution meets or exceeds minimum quality standards. It also helps students determine acceptable institutions for enrollment. Accreditation assists institutions in determining acceptability of transfer credits.