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Create a source selection matrix and use it to select the optimal supplier. Address each of the following: 1. Identify a real or hypothetical project (like a project to resurface the parking lot of an apartment complex) for which a product or service (like painting the parking space lines after resurfacing is completed) must be procured during the Execution phase. In a Word document, briefly describe the project, identify the product or service that must be procured, and identify three possible suppliers (like Painting Company A, Painting Company B, and Painting Company C). 2. Create a source selection matrix in Microsoft Excel in which you list five criteria (like price, proximity of headquarters to job site, supplier's projection of how long the painting will take, warranty duration, and attractiveness of payment terms) that are important in selecting one of the three alternative suppliers. 3. Once the source selection matrix is created in Excel and populated with suppliers and criteria, weight each criteria (using the same scale for all criteria), score each supplier relative to each criterion (using the same scale for all scores), and then multiply the weight of each criterion by the score for each supplier-criterion combination. Arrive at the optimal solution. This video provides an explanation of this method: https://www.youtube.com/watch?v=F-zsALfgTrw. 4. In the Word document in which you described the project, reflect on this process for selecting suppliers and identify at least one advantage and one disadvantage of it relative to another approach that could be taken.
How might businesses use the Internet to identify untapped customer needs through open innovation? What do you see as the major advantages and disadvantages of the open innovation approach?
Service operations often face more difficulty in planning than their manufacturing counterparts. However, service does have certain advantages that manufacturing often does not. Explain service planning difficulty, and the advantages and disadvantage..
Perform an Internet search using the term break-even analysis. Select and read a case study or article from the results of your search. (Make sure that you do not select an instructor's lecture notes or a class assignment from the results of your sea..
Write a 1 page recommendation to succinctly propose a plan for implementing DFSS within your supply chain organization.
Does your view of illegal discrimination change now that you have seen how disparate impact claimswork? Would you have been able to foresee this out-come? Explain.
You have just been promoted to the manager of your medical office. One responsibility you now have is to research and determine if you want to use the concept of speed treatment to treat your patients.
A movie studio sells the latest movie on DVD to Blockbuster at $11 per DVD. The marginal production cost for the movie studio is $2 per DVD. Blockbuster prices each DVD at $23 to its customers. How many DVDs should Blockbuster order? What is its expe..
Stimulating an improvement culture concept - This concept, in this context, is based on organizations supporting continuous improvements within the organization.
What are the key business objectives. What are the questions that must be researched? (please list specific questions and explain why these questions are being asked)
Find the shortest route from Gorman's office to the construction site at node 6 if the objective is to minimize travel time rather than distance.
Explain why does Video Vault differ from Blockbuster in number of copies of movies it stocks. Would a studio that owns title to movie be indifferent between stocking policies of Video Vault and Blockbuster.
As a consultant, you have been hired to help SysDo, Inc. implement a wireless network. SysDo, Inc. is a medium-sized company located in Belleville, Michigan. Identify five (5) business processes at SysDo, Inc., and for each business process identifie..
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