BUECO5903 Business Economics Assignments Part A – Microeconomics Question 1: (a) Explain the impact of external costs and external benefits on resource allocation; (2.5 marks) The external cost and external benefit is a cost or benefit imposed on people other than the consumers and producers of a good or service. External cost is negative and may be detrimental to the third party‚ conversely‚ external benefits is positive and beneficial to third party. Because of this concept‚ it
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Chapter 3 Supply Management: An Organization Spanning Activity ...../..... Questions 1. As a philosophy‚ SM spans functional boundaries and company borders. .....: ..... 2. Two sources of materials are internal production and external sources‚ where external sources are increasingly being used over internal production. .....: ..... 3. In assuming greater strategic responsibility‚ the activities of supply managers increasingly span organizational boundaries.
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Orders “Optimization Supreme” With Manhattan’s Supply Chain Process Platform Headquarters: Louisville‚ KY Warehouses: 10 Manhattan solutions: Replenishment‚ Transportation Procurement‚ Transportation Planning & Execution‚ Warehouse Management‚ Supply Chain Intelligence Challenge: Company growth out-paced supply chain’s ability to maintain inventory and supply restaurants efficiently and cost-effectively. Solution: Manhattan Supply Chain Process Platform provided the perfect solution
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acquisition process. (need to advertisement‚but competitive is very differcult) l. Ensure supply continuity. (if competitive bidding‚ price high‚ supplier will leave) 4. When compared with single sourcing‚ multiple sourcing -> (lower risk)has the advantage of: dual and cross also double supplier‚ -dual is 2 different supplier to support same product. Cross is the supplier supply A‚ also need to supply B at the same time. m. spreading risk. n. volume leveraging. o. lower
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Reflection on the development of academic and professional skill in year one In this paper I am going to reflect on my professional and academic skills development throughout my first year at University. I began this course as a mature student hungry for education and a fresh challenge. During semester two‚ I found university quite hard as I am currently having family problems; as a result I had to learn to balance university life‚ part time job and regular trips back home (and that is Bulgaria)
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January 2006 The 11 Greatest Supply Chain Disasters Introduction Many of us rightly take pride in the growing recognition role of supply chain both within companies and in the public markets. An increasing number of companies cite supply chain initiatives and prowess in annual reports and meetings with financial analysts. But of course the opposite effect must then also occur – supply chain snafus are increasingly cited by CEOs and CFOs to explain poor financial performance. Which
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lof 89 1 of 89 2 of 89 3 of 89 4 of 89 5 of 89 6 of 89 7 Water Quality/Examination/Analysis/Characterization: Qualitative/Quantitative of 89 8 Why analysis of water ? Raw water quality ? Need of purification ? Response to purification ? Changes during distribution ? Depending on wanted information–fix test/group of tests of 89 9 Examination of water: Tests measuring/reflecting/related to- 1. Safety and wholesomeness e.g. contamination
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Elasticity and Supply & Demand Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event Market affected by event Shift in supply‚ demand‚ or both. Explain your answer. Change in equilibrium Frozen orange crops in California Orange juice Supply (left)—Not
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Describe why CRM is so important in managing supply chains. Use an example in your discussion Knowing your customers means knowing who your customers are‚ what their needs are‚ and the means by which you communicate with them. CRM plays a very vital role in supply chain management because it tells the organization what kind or customer they are dealing with in the market and what their expectations are from the product. CRM system does feed the supply chain planning. For example‚ Apple know what
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Supply Network Design The Supply Network Perspective: A supply network perspective means setting an operation in the context of all the operations with which it interacts‚ some of which are its suppliers and its customers. Materials‚ parts‚ other information‚ ideas and sometimes people all flow through the network of customer-supplier relationships formed by all these operations. On its supply side an operation has its suppliers of parts‚ or information‚ or services. These suppliers themselves
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