Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan. ​

Answers

Answer 1

The purchasing function helps to gain competitive advantages by reducing costs associated with the value chain, increasing efficiency and total quality.

What is a Strategic Sourcing Plan?

It corresponds to an approach of aligning the organizational purchasing strategy to the objectives stipulated by the planning, helping in the management of the supply chain for greater effectiveness in the use of information associated with purchases.

Therefore, a sourcing plan will help to reduce purchasing costs, speed up deliveries and choose the ideal suppliers for the business.

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Related Questions

The first thing you should do when you receive a job application is read the entire document before you begin
completing it.
True
False

Answers

[tex]Answer[/tex]:-

The first thing you should do when you receive a job application is read the entire document before you begin

completing it.

[tex]True[/tex]

Someone who has to learn a new skill to be employable would be considered to be the victim of

cyclical unemployment.

frictional unemployment.

structural unemployment.

seasonal unemployment.

Answers

The answer is structural unemployment

How do attackers today make it difficult to distinguish an attack from legitimate traffic?
a. by using common Internet protocols
b. by using a common language
c. by using diverse interfaces
d. by using simple scripting

Answers

A: by using common internet protocols

In which part of the business plan might we expect to find a short biography of the company's CEO?
A Executive Summary
B. The Team
C. Company Status
D. The Advisors

Please Help!!!

Answers

We will be able to find the short biography of the company's CEO in "The Team" section of the business plan.

What is the The Team section?

Under a business plan, the Team section tells a show biography and achievement of the top hierarchies of the firm.

Hence, the short biography of the company's CEO in "The Team" section of the business plan.

Therefore, the Option B is correct.

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what type of securities does the fed control

Answers

The Fed's assets include Treasuries and mortgage-backed securities purchased under large scale asset purchase programs (LSAPs). Fed liabilities include U.S. currency in circulation and the reserves deposited by commercial banks.

Suppose you are the manager of a company and must decide whether to outsource your Human Resources department.

Based on the information above, please outline arguments supporting and opposing a decision to outsource this function of your business. Use the IRAC method to outline your argument

Answers

IRAC method is used in outsource the human resource department for the company, as it helps the company to understand the types of employees they needs with the issue, rule, analyze and go to conclusion with the hiring the human resource department.

What is meant by human resource department?

Human resource department is the department in the organization that facilitates the company to employee the best and suitable candidate for the vacancy.

They take the interview before finalizing the candidate and check the capability of the candidate and evaluate the skills according to the demand of company.

Thus,IRAC method is used in outsource the human resource department for the company.

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What is the difference between libel and slander?
A. Libel is written, while slander is spoken
ООО
B. Slander is based on truth, while libel isn't
O c. Only slander has legal repercussions
D. Libel is more serious than slander

Answers

Answer:

A. Libel is written, while slander is spoken

Explanation: Libel is a defamatory statement made in writing, while slander is a defamatory statement that is spoken.

Find the amount of cash discount Farwell Paints would get if the invoice price of $1,025.40 were paid within the 2% discount period.
Also find the cash price of the invoice Farwell would pay after taking the discount.

Answers

1. The amount of the cash discount that Farwell Paints would get for paying within the 2% discount period is $20.51.

2. The amount of the cash price that Farwell Paints would pay within the 2% discount period is $1,004.89.

What is a cash discount?

A cash discount is a reduction in the price of a purchase when payment is received within the discount period.

Data and Calculations:

Invoice price = $1,025.40

Discount rate = 2%

Cash discount = $20.51 ($1,025.40 x 2%)

Cash price paid = $1,004.89 ($1,025.40 - $20.51) or ($1,025.40 x 1 - 2%)

Thus, Farwell Paints would pay $1,004.89 instead of $1,025.40, with a cash discount of $20.51.

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Georgeanna died, but her life insurance company refuses to pay the life insurance claim. They say the policy is invalid now. Why is this MOST likely to be the case?

A.
Georgeanna never created a living will.
B.
Georgeanna never designated power of attorney to anyone.
C.
Georgeanna committed su!c!de.
D.
Georgeanna died in her own home and not in a hospital.

Answers

Answer:
C
Explanation:
Insurance policies may include a su*c*de clause which excludes death as a result of su*c*de. It depends on the state as well, because state laws on life insurance change from state to state. They will also deny if the person lied on their application or died during illegal activity.

Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which the loan will be paid back. Diego says that Sienna’s loan is an example of closed-end credit while Sienna says it is an example of open-end credit. Which statement about the loan is true?
a) Diego is correct because the loan has to be paid in full by a specific date.
b) Sienna is correct because she had to pledge collateral to get the loan.
c) Sienna is correct because the amount can be borrowed again after she repays the loan.
d) Diego is correct because the loan is a line of credit.

Answers

Answer:

-Diego is correct because the loan has to be paid in full by a specific date.

Explanation:

Closed-end-credit is a type of credit where a fixed amount is borrowed and must be repaid in full by the end of a specified period. The amounts to be paid back are the principal and the interests. Sienna took a closed-end-credit because her loan was issued at a go, and she had to repay after 48 months.

Open-end credit is like a revolving fund.  The borrower is allowed credit up to a specific limit. Once they make repayments, they can re-access the facility.

Classify each of the following statements as a positive or negative effect of tourism.
commercialization and erosion of
cultural values
growth in industries such as
agriculture
conflicts between tourists and
locals over the use of resources
job creation and the prevention
of urban migration
job-related friction, such as locals
receiving lower wages than foreign
employees
conservation of heritage sites

Answers

Answer:

Positive Effects of Tourism- growth in industries such as agriculture, job creation, and the prevention of urban migration, conservation of heritage sites

Negative Effects of Tourism- job-related friction, commercialization and erosion of cultural values, and conflicts between locals and tourists over the use of resources

Explanation:

Explain the three organizations who help the EU with the budget.

help me out!!

Answers

Answer:

the programmes funded by the EU budget fall under one of three types of implementation modes depending on the nature of the funding concerneddirect management EU funding is managed directly by the European Commission.shared management: the European Commission and national authorities jointly manage the funding ndirect management: funding is managed by partner organisations or other authorities inside or outside the EU Therefore, while the EU provides the funding for a specific programme or project, it is not always directly involved in the day-to-day management. However, whereas the Member States are in charge of the implementation of the majority of the EU budget, it is the Commission that has the ultimate responsibility for its execution.

Explanation:

hope this helps if not let me know have a great day

Compute the net present value based on the original projections

Answers

The net present value of the new plant that Hawke Skateboard wants to build based on the original projections is $-226,275.04.

What is the  net present value?

Net present value is a capital budgeting method that calculates is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in years 0 = -3,280,000

Cash flow each year from year 1 to 15 = 3,280,000- 2,903,000 = 377,000

Cash flow in year 15 = 1,640,000

I = 11%

NPV = $-226,275.04

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Hi there !
Topic - Balance sheets
What are the 3 sections of a balance sheet?
Nonsense = Reported
Thank you​

Answers

Answer:

The balance sheet consists of three major sections: (1) the assets, which are probable future economic benefits owned or controlled by the entity; (2) the liabilities, which are probable future sacrifices of economic benefits; and (3) the owners' equity

In the United States, what is the average age range of CEOs?
OA
30s
OB.
40s
Ос.
50s
OD.
60s

Answers

Answer:

Go with either 40s or 50s (mainly 50s)

Explanation:

The more average age of CEOS stood in between 54.1 years, 4.1 years past 50s which is a little past the average range, it also said 40s on that chart too, but that must be for CFOS.

~rere

what is a net income.

Answers

Answer:

Net income is how much money a business or person makes after the costs of deductions, taxes, and allowances.

Further, commerce net income is how much the business has after all costs, which include things such as: salary/wages, the cost it takes to buy the goods or create them, plus taxes.

Explanation:

Answering again cause it got deleted for the link.

(still new here, I didn't know I wasn't suppose to do that, whoops)

The LifeSaver bottle is designed to filter and purify water for drinking. When the makers wanted to pitch the product to investors, they gave a
highly convincing visual demonstration in which a disgustingly dirty sample of water was purified and consumed on the spot. What made that
demonstration so valuable?
A. It demonstrated a market for emergency water supplies
B. It showed that ordinary people would be willing to use the product
C. It helped distinguish them from other potential startups seeking funding
D. It allowed them to assert their scientific claims

Please Helppp!!!!

Answers

The highly convincing visual demonstration became valuable because D. It allowed them to assert their scientific claims.

What is a visual demonstration?

A visual demonstration employs a picture, diagram, or piece of film to show or explain a concept or pitch a product.

By showing that the LifeSaver bottle could filter and purify water for drinking and immediate consumption, the visual demonstration allowed the makers to assert their scientific claims.

Thus, the highly convincing visual demonstration became valuable because D. It allowed them to assert their scientific claims.

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__ are the major source of long term debt financing for most cor

Answers

Answer:

Traditional bank loans

Explanation:

Traditional bank loans are the most common form of debt financing for all sizes of companies. Any bank loan with maturity over 12 months can be termed as a long-term debt source. Borrowers require asset-backed collateral to secure bank loans.

Case 5.1 Disaster and Consumer Value
After September 11, 2001, U.S. consumers showed
a desire to tone down their consumer activities.
They ordered simpler foods in restaurants and
spent more time at home. Therefore, a lot of marketing campaigns began emphasizing down-home
themes.
At some point after a disaster, it is time to get back to business. But, major catastrophic events are likely to leave permanent
changes on consumers and employees in those areas. Suppose you
are approached by the owner of several delicatessens and full-service
wine stores in the Gulf Coast area. It is January 2006, and they want
to get back to business. But they are uncertain about whether they
should simply maintain the same positioning they had previous to
Hurricane Katrina and Hurricane Rita. They would like to have a
report from you within eighty days.
1. How could each classification of qualitative research be used
here?
2. What qualitative research tool(s) would you recommend be used
and why?
3. Where would you conduct any interviews and with whom
would you conduct them?
4. ETHICS Are there ethical issues that you should be sensitive to in
this process? Explain.
5. What issues would arise in conducting a focus group interview
in this situation?
6. Prepare a focus group outline.

Answers

Answer:

345

Explanation:

Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported​
Please answer A.S.A.P
Thank you

Answers

Answer:

Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.

Sandra is a printing equipment operator for a large catalog publisher. What might be one task that Sandra performs as part of her job?

A. changing the plates on the large printer
B. editing the advertisement’s wording
C. photographing pictures of the items for sale
D. delivering catalogs to various stores

Answers

b is ur answer for this question cause it’s more acutel

o Explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division.

Answers

Assuming Wells Fargo wants to identify changes in public opinion impacting the firm, it should conduct Environmental monitoring.

What is Environmental monitoring?

Environmental monitoring can be defined as the method of observing or monitoring an environment using specialized techniques.

Environmental monitoring is important as it can help to study the environment by providing accurate and necessary information needed about the surrounding, including the impact an activity has on an environment.

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