To manage procurement risk

Assignment Help Operation Management
Reference no: EM131124539

 To manage procurement risk, Procurement Manager John has a policy of only using experienced, dependable, and proven sellers instead of selecting sellers through open competition. What risk management technique is John using here?

A. Risk Acceptance.

B. Risk Mitigation.

C. Risk Transfer

D. Risk Avoidance.

Reference no: EM131124539

Questions Cloud

Atmosphere of productivity paradox : Reflecting on your own experience, share a time in which you worked in an atmosphere of productivity paradox. What are some ways that an IT or Systems Manager can avoid this environment
What is the after-tax cash flow from sale of this property : If an investment property is sold for 1,000,000 with selling costs of 5% of the sales proce. The mortgage balance at the time of sale is $500,000. The property was purchased 5 years ago for $682,000. Accumulated depreciation allowances of $20,460 hav..
Company running afoul of the fair labor standards act : From the company POV, Is this company running afoul of the Fair Labor Standards Act (FLSA)? Would this company be able to document that the store managers are xempt from the FLSA (not to mention similar state laws)? What would it cost to re-classify ..
What role might benchmarking play : Explain how you would determine appropriate objectives and trade-o for this project and how might you employ a weighting method to assist with this task. How might use of swot analysis play a role. What role might benchmarking play.
To manage procurement risk : To manage procurement risk, Procurement Manager John has a policy of only using experienced, dependable, and proven sellers instead of selecting sellers through open competition. What risk management technique is John using here?
Specific weights for are open to adjustment depending : You are the VP of Franchise services for the Happy Buns Restaurant. You have been assigned the task of evaluation the best location for the next HB that a prospective franchisee has suggested in the Columbus, Ohio, area. You are using the standard te..
Criteria for effective corporate-level strategy : What opportunities and threats did Newell face in the late 1990s? Use external analysis tools to provide support for your answer. Did Newell have any sources of competitive advantage in the 1990s? Use internal analysis tools to provide support for yo..
How does public opinion affect decisions that courts make : What does it mean to say that the courts need legitimacy and support from the public to get their decisions implemented? Why do the courts rely on the public for this support? How does public opinion affect the decisions that courts make? Should the ..
The competitive battle continues : How did Matsushita succeed in displacing Philips as No. 1? What were its distinctive competencies and incompetence? Why is the change so hard for both Matsushita and Philips? What recommendations would you make to Gerald Kleisterlee? And to Eumio Oht..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Compare and contrast jit and mrp

Compare and Contrast JIT and MRP. Discuss how or if MRP and JIT affect PAC differently. Do you view these impacts as positive or negative. Why

  Work breakdown schedules and dependency relationships

Assignment- Work Breakdown Schedules, Uncertainty, and Dependency Relationships. Write a develop a three to five (3-5) page paper that addresses the following- Describe the elements of the project plan that depend on the WBS, and provide examples of ..

  How must an operations strategy integrate with accounting

How must an operations strategy integrate with accounting/finance?

  Environmental analysis-key success factors

Utilize the key elements that you have already analyzed including "environmental analysis", "key success factors", "value chain analysis", "strategy shaping factors", industry competitive analysis", "financial analysis" and the "Boston consulting gro..

  Is the defendant restaurant liable for negligence

The plaintiff, while a parton in a restaurant, was shot by an armed robber. The robber was angry because the cashier had locked the cash register and fled. Is the defendant restaurant liable for negligence? why?

  With the credit-card contracts-credit-card companies

With the credit-card contracts, credit-card companies can unilaterally change the interest rate. Discuss whether there should be any requirements of reasonableness or fair dealing implied in the agreement. Analyze and evaluate the various issues pres..

  Consider same organization mechanistic-organic or hybrid

With regard to your current organization (or one with which you are familiar), which design structure is being used? Would you consider this same organization mechanistic, organic, or hybrid? Do you believe this structure and design are effective giv..

  Illustrate what are main objectives of work-center schedule

Illustrate what are the main objectives of work-center scheduling. Illustrate what are the differences among occupation shop, Group Technology cell and flow shop.

  Estimates the size and sales potential of market segments

A(n) _____ describes and estimates the size and sales potential of market segments of interest to the firm and assesses key competitors in these market segments.

  Compacted in a sanitary landfill to a unit weight

A community of 50,000 people generates MSW at a rate of 8 lb per person per day. It is compacted in a sanitary landfill to a unit weight of 1200 lb per cubic yard. After 1 year of operation to what depth will a 25-ac landfill be covered? Assume an MS..

  Position power or both position and personal power

Which of these is not listed in the text as helpful in developing your organizational political skills? By definition, managers can have position power or both position and personal power. Explaining how the other party will benefit by meeting an obj..

  Assess the financial performance the organization

Assess the financial performance and condition of the organization. Conduct a SWOT analysis (strengths, weaknesses, opportunities, and threats) to determine areas that offer opportunities for change.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd