Significant capital investment in order to produce

Assignment Help Business Management
Reference no: EM131174283

You are the purchasing manager of a company and are responsible for ensuring that ne-cessary inputs are available to keep your factory operating. For each of the three types of purchases identified below, recommend whether your company should use spot purchases, contract purchase, or internal production. Support your answer using economic concepts from this course. To what extent is your decision and any contract terms affected by the variability in the demand for your product and thus your need for the product purchased?

a. A subsystem that is similar to but not exactly the same as subsystems used by competitors; several large companies offer to make modifications to the subsystem to fit your requirements.

b. A part that is unique to your company and requires significant capital investment in order to produce. Your company is the only one using this part but several vendors have offered to manufacture it for you.

c. Light fixtures and light bulbs used to illuminate the factory floor.

Reference no: EM131174283

Questions Cloud

Earning checking deposits to money market mutual funds : How will the following actions affect the money supply? A shift of funds from interest-earning checking deposits to money market mutual funds. A reduction in the holdings of currency by the general public because debit cards have become more popular ..
Fixed costs exist only in the short run : In 4-5 paragraphs explain the statement: "Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries wit..
Determining the levels of management : An example from work would be nice. Otherwise, please clearly explain how the reports vary between levels of management and why.
What impact does manufacturing have on local water supplies : Why have poorer countries become offshore manufacturing centers? What impact does this manufacturing have on local water supplies? What implications does this have, especially in locations where clean water is already in short supply? Is water a comm..
Significant capital investment in order to produce : a. A subsystem that is similar to but not exactly the same as subsystems used by competitors; several large companies offer to make modifications to the subsystem to fit your requirements. b. A part that is unique to your company and requires sig..
Which is accessible through the resources tab : Utilize the excellent resources available in the college's Online Library, which is accessible through the Resources tab. For academic research, it's best to avoid Internet sites as well as Wikipedia. Any questions on research, consult your Instru..
Compute the horizontal and vertical forces exerted on vane : Compute the horizontal and vertical forces exerted on the vane shown in Fig. 16.14 due to a flow of water at 50°C. The velocity is constant at 15 m/s.
The keynesian model predicts : Suppose the government spends $500 million on a project that has absolutely no value to the country. If the marginal propensity to save in the economy is equal to 0.25, the Keynesian model predicts that this project will result in a $2000 million inc..
Economic burden shift when the unemployment : How does the economic burden shift when the unemployment rate is 5%, as contrasted to an unemployment rate of 9%? Explain.

Reviews

Write a Review

Business Management Questions & Answers

  1 to what extent is merit determined by opportunity explain

1. to what extent is merit determined by opportunity? explain whether you agree that wealth and background among other

  Various ways affirmative action occurs within a workforce

Discuss the various ways affirmative action occurs within a workforce?

  Market management1 how does the strategic marketing process

market management1. how does the strategic marketing process relate to the strategic planning process? is it necessary

  Write a report analyzing the organizational problem

Write a report analyzing the organizational problem and the process you have identified for your OIP. Outline your process improvement idea

  Determine segmentation strategy

Evaluate each segmentation strategy, and determine which specific strategy (or strategies) might be appropriate for the chosen product.

  Hrd evaluation-reluctance

Even though most HRD professionals agree that HRD evaluation is valuable, why isn't it practiced more frequently by organizations?

  Implementing a training presentation for management

Create and implement a training presentation for management training track of a firm that is a growing business consulting company. I have to design new worker orientation presentations inclusive of our matrix structure.

  Knowledge and skills of people for definite purpose

Training is an organized process for increasing the knowledge and skills of people for definite purpose. What are the reasons that may bring about the need for training in an organization and what are its advantages to an organization?

  Leadership styles explained in solution

Was he authoritarian and he Was transformational or transactional, or both

  Evaluate time warner cables options for growthidentify the

evaluate time warner cables options for growth.identify the core competencies of your organization and options of

  Quantitative methodsexpected valuein problem outlined below

quantitative methodsexpected valuein problem outlined below the bombers management has determined the following

  Progression of the health data management lifecycle

In 300-500 words compare bottom-up to top-down modeling. On the progression of the health data management lifecycle, what is the best approach to arrive at an effective data model?

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