Q. 1 What risk can a business face due to a supplier and what are the risk control steps that a business can put in place regarding its suppliers? Provide examples to illustrate your answer further. Risk control steps Identify key suppliers or goods and services Identify key markets Investigate alternative suppliers and Markets assess the vulnerability of the supplier and Market to loss of assets Assess the ability of the key supplier and market to recover from loss of damage to their assets. Q.2. Cost-of-risk is the sum of insurance costs; unreimbursed losses; risk control and loss prevention expenses; and administrative costs. Discuss administrative costs. Provide a practical example to explain administrative costs 3. Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing

Q. 1 What risk can a business face due to a supplier and what are the risk control steps that a business can put in place regarding its suppliers? Provide examples to illustrate your answer further. Risk control steps Identify key suppliers or goods and services Identify key markets Investigate alternative suppliers and Markets assess the vulnerability of the supplier and Market to loss of assets Assess the ability of the key supplier and market to recover from loss of damage to their assets. Q.2. Cost-of-risk is the sum of insurance costs; unreimbursed losses; risk control and loss prevention expenses; and administrative costs. Discuss administrative costs. Provide a practical example to explain administrative costs 3. Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 1.7A: Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each...

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Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?
10. Describe an example based on the following: -You work as a buyer in a brewery and beer bottling company and you are sourcing glass beer bottles from an established supplier. -You want to establish a "Supplier Rewards and Recognition Program" with this supplier -Describe 2 "Gain" and 2 "Pain" Provisions you would want to include in that Program
Rashed is a member of the supplier's evaluation committee; his company is in the process of selecting a supplier to provide a solar air-conditioning solution. Answer the following: 1. What is the supplier evaluation criteria that Rashed and his team will follow to select the right supplier? (Mention 5) 2. What are the sources of supply risk that Rashed's company may face with the supplier? (Mention 5 risks)
Explain what us supplier risk management ?
Ethics When firms implement a single sourcing policy in their buying, other possible suppliers do not have an opportunity to compete for the business. Is this ethi- cal? What are the advantages to the company? What are the disadvantages?
Question-2): Read the below scenario and answer: At the Clorox Company, many new products are developed in conjunction with supply partners. When the company wanted to develop a line of surface-protecting cleaning products, it partnered with specialty chemical companies to develop products that could protect surfaces as sensitive as Teﬂon. Discuss identification stage of procurement with reference to this scenario. Do you think the role of supply partners as Earlier Supplier Involvement (ESI)? Mention the keynotes from ESI that can be generalized to any buying organization.
You have recently been appointed as the executive director responsible for the purchasing function at Pick’n’Pay, which is one of the leading supermarkets in South Africa and other African countries. You notice that there are no documents that outline the roles and responsibilities of the buyer as well as the criteria that is used to select suppliers. Q.1 with the use of example SIX criteria that you need to consider when selecting fruit and vegetable suppliers.
How does this risk assessment compare to other potential suppliers (if there areothers)?
Q.1.1 SIPs enable the insurer to manage losses in a structured manner through the following characteristics, risk transfer, risk spread/risk combination, aggregate limits, and commutation. Explain these characteristics. Q.1.2 What risk can a business face due to a supplier and what are the risk control steps that a business can put in place regarding its suppliers? Provide examples to illustrate your answer further. Q.1.3 Cost-of-risk is the sum of insurance costs; unreimbursed losses; risk control and loss prevention expenses; and administrative costs. Discuss administrative costs. Provide a practical example to explain administrative costs. Q.1.4 Apply the fundamental concepts included in the definition of enterprise risk management (ERM) to a business of your choosing.
Q :-How Market Penetration is achieved?
Q.Some products remain in the maturity stage of the PLC for long period of time, whereas others pass through quickly. List and explain briefly three possible conditions that may allow a product to remain in the maturity stage for a long period of time.
10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or bundling. Resale Price Maintenance Predatory Pricing Scenario SnapFace is a firm that manufactures polaroid cameras. Suppose SnapFace sells its polaroid cameras to online retailers for $166 each and requires those online retailers to charge at least $176 to shoppers for each polaroid camera. Warm Winds is the only firm producing space heaters. It costs $1,500 to produce one space heater, and Warm Winds sells each space heater for $2,100. After Breezy Hut, a new firm with the same costs as Warm Winds, enters the market for space heaters, Warm Winds starts selling its space heaters for a price of $800. Hynes sells a wide variety of condiments to retail grocery stores. Hynes recently developed two new condiments: a popular barbacuffalo and a much less popular green ketchup. Hynes requires…