Week Chapter Questions

squad Oriented You allow for be arrest part Of a special, elaborate group when you become part of allow for charge. The team bequeath consist of engineers, operations, and eccentric people and suppliers to help the firm obtain necessary supplies, materials, and proceedss as the vignette alluded. Competitive Salary Starting salaries in supply steering arena is lucrative. Although education and experience drives your starting salary, possessing minimum education (Associates Degree) and hold to no(prenominal) experience will still prove to be good in regards to your salary. . Describe seven shipway in which supply management has an impact on a firms sales. Listed below are seven shipway in which supply management has an impact on firms sales hurried to Market Bottom line The faster you buns introduce a new product or service to the market, the larger market conduct you will encompass. Improved Quality Leasing the total number of defects that a prevarication produces , the much they can command premium prices. Further more than, having a reduced of defects can satisfy your customers and alleviate them from amount going to competitors.Price Flexibility Having a strategic outlook can significantly reduce the total cost. Example Is it more beneficial to lease a vehicle than to buy one? Would surmise that leasing would lease vs.. Purchase analysis is the key. Innovation Collaboratively communicate with your supply small holds a lucrative percentage of all new successful products. enhance Customer Satisfaction Customer service drives sells up and down depending on the service rendered. Customer Fulfillment Flexibility Strategically planning allows more lead-time and flexibility if changes may occur.Shorter Cycle and Lead Time Improved supplier camaraderie and participation in supplier product and process improvements is advantageous. 13. wherefore does support for strategic supply chain management have to come from the top management of an orga nization? Strategic supply chain management has to come from the top due to their position. If they are not cascading appropriately, then their subordinates will not buy in to what they are trying to achieve. Chapter 2 1 . Why is supply managements position in the corporations organizational structure key?Organizational structure significantly licks the departments capability to function optimally and bend the decision- making process involved in effective procurement. The higher supply management is on the organizational chart, the more he/she can influence corporate strategy advantageously. 4. Why are many organizations using a hybrid approach to decision-making authority in their supply management? Organizations are using hybrid approaches in decision-making authority in their supply management, to buffet down on cost.In the early 1 sass, the introduction of computers made it considerably more accessible, in regards to procuring goods and services. Electronic billing and pay ment of invoices, enhanced property flow while minimizing the total cost of doing business. 7. Identify some ways in which cross-functional teams could be useful in developing new products or completing value analysis functions. Cross- functional teams could be useful in developing or completing value analysis functions in regards to the increment or addendum to a statement of work.Take for instance, an upcoming complex nutrient service compact. You may not be a food service subject upshot expert no worries. Surround yourself with subject matter experts, to create the statement of work. Personnel that should be involved are the contract officer, contract officer representative, technical expert(s), lawyer(s), and any other representative that will facilitate with the statement of work. Chapter 3 3. How can engineering product specifications displace the price of the product?Material specified by engineering must(prenominal) be cost effective, to have an idea return on enthr onement in regards to the price of the product. Preferably, you would like to have your material accessible by multiple suppliers for a more resourceful, low-cost manufacturer. Although, you want to get the exceed deal (bang for the buck), ultimately, you want to ensure your product is justifiable for your customers. 4. How can a product that costs more save the company money general? Products that cost more can inevitably save the company none overall by purchasing a more reliable, durable and/or cost efficient product.