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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.
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Yearly carrying costs are $75 per bag.
Conflict Identification and Resolution, We live in a very complex and culturally diverse society. When we bring individuals together from diverse backgrounds in a work environment conflict can arise when expectations are not realized or met.
Company X has seven pending tasks, each of which takes a given number of days to be finished. The amount of time required for each of the tasks are (in days): 10, 8, 6, 5, 4, 4 and 3. There are three employees that can be assigned to any of the tasks..
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively ..
discuss the standards that were used in determining that a breach had occurred. Also discuss whether you agree or disagree with the findings.
which mehods seems the most appropriate?
Partnerships are one form of business that often involves close friends or family. Imagine that you are in a partnership with a person close in relationship to you and determine the possible substantive and relationship issues of a partnership tha..
The mean lifetime of all light bulbs produced by a manufacturer is unknown. A sample of 144 bulbs is randomly selected and tested.
Disaster Relief Act of 1950 and continues through the 1960s and 1970s. In each decade, the focusing events are identified, as well as mobilization, agenda-setting, and the subsequent congressional legislation. MOS 6801, Emergency Management 3 Choo..
Formulate and solve a complete linear programming model on a spreadsheet that maximizes the amount of money accumulated by the beginning of year 6.
Businesses not only respond and react to external forces, but can also attempt to influence them
What are the social and ethical challenges that Nike has to wrestle with?
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