Tutorial 8 Sourcing & Purchasing Decisions Part A MULTIPLE CHOICE 1. One advantage of outsourcing is that it: a. gives the company a high degree of control over its operations. b. increases the company’s access to state-of-the-art products and processes. c. protects the company’s proprietary designs and processes. d. encourages the development of the company’s core competencies. 2. Which of these is an indirect cost associated with insourcing?
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Kelly HNC Social Care A Social Care Values Values is culturally defined standards by which people judge desirability‚ goodness and beauty and which serve as broad guidelines for social living as well as public policies. Values have a major influence on a person behaviour and attitude. There are many types of values people believe in such as family‚ moral and traditional values. I have many different values one which is manners this is mostly a family value for me as I have been brought up to
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Analysis of Tootsie Roll Industries‚ Inc. 2002 1. Tootsie Roll Industries‚ Inc. has been in the candy business for 106 year and has a reputation for success. The company sells products primarily under the brand names of Tootsie Roll‚ Tootsie Roll Pops‚ Caramel Apple Pops‚ Child’s Play‚ Charms‚ Blow Pop‚ Junior Mints‚ Charleston Chew‚ Sugar Daddy‚ Andes and Fluffy Stuff cotton candy‚ as well as several others. The company prides itself in maintaining a positive reputation by supporting the U.S
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1 Components of Supply Chain Management (SCM) The main elements of a supply chain include purchasing‚ operations‚ distribution‚ and integration. The supply chain begins with purchasing. Purchasing managers or buyers are typically responsible for determining which products their company will sell‚ sourcing product suppliers and vendors‚ and procuring products from vendors at prices and terms that meets profitability goals. Supply chain operations focus on demand planning‚ forecasting‚ and inventory
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The company that I chose to analyze is Tootsie Roll. Throughout my life I have always had somewhat of a sweet tooth and have been very intrigued in the process of business. Now I have the opportunity to look further into such a great company such as Tootsie Roll and really find out how the business is run and what type of work is invested in such a well known business. The ticker symbol for the Tootsie Roll Company is quite simple by using just two letters‚ TR. With this symbol it is easy to find
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1. Amazon.com‚ Peapod‚ Dell‚ and many furniture manufacturers use push-pull supply chain strategies. Describe how each of these companies takes advantage of the risk-pooling concept. To better understand the strategies used by the three (3) companies and furniture manufacturers‚ the definition of Push or Pull is established below: Push Strategies – when the manufacturer uses its sales force and trade promotion money to induce intermediaries to carry‚ promote‚ and sell the product to end users.
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Assignment # 1 SCMT 200 NAME: DHALWANI1.DOC Q1-1. Explain the following terms and provide a “real world example” of each term. a). Second-tier supplier: The first tier’s supplier’s supplier is the focal firm’s second tier supplier. Second tier suppliers are companies that sell and deliver goods and services to a first tier supplier. An automobile company could have a second tier supplier that would supply materials or parts to another company which would then supply materials or parts
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Values and ethics are of high importance in determining the nature of a society or a culture. They are used as complimentary terms but they mean different in literal sense. Values define personal character and refer to the beliefs that a person practices when he interacts in personal and social relationships. The conduct exhibited by the person in personal-social behaviors gives a correct evaluation of his morals. Values identify the way a person lives. Ethics are the codes or standards of conduct
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Case Study: Global Supply Chain Management and Strategic Sourcing Assignment 1 Due: October 13‚ 2013 at 11:59pm Marks: 20 Sounds like a supply chain problem Metrovox is a German electronics manufacturer that designs‚ develops and manufactures a range of products for the entertainment and home electronics sector. Management has recently focused on two related products‚ Bugabyte and Terabyte Lite. The Bugabyte is a video and audio player with a flash drive. The company has invested heavily in
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different from rock and roll? Are there advantages or disadvantages to the shift? Usually most people comprehend rock and rock and roll to be the same thing; artist such as Chuck Berry‚ Elvis and Little Richard manufactured rock and roll and at the time the style of music was differing from modern music. In a historical aspect‚ Rock and roll emerged first followed by Rock evolving from rock and roll; to a certain degree the two genres of music are very closely related. Rock and Roll was more so associated
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