Switched from local suppliers to low cost

Assignment Help Operation Management
Reference no: EM131136671

Many companies have switched from “local” suppliers to “low cost” (and often distant or foreign) suppliers on the basis of cost, without considering the full cost of risks associated with these changes. Discuss 3 ways in which a company can hedge against the risk of this design

Reference no: EM131136671

Questions Cloud

Turnover-absenteeism-organizational citizenship behavior : We discussed in class several of the dependent variables that need to be considered when managing people (performance, job satisfaction, turnover, absenteeism, organizational citizenship behavior, deviant workplace behavior). Select two of these and ..
Leadership team in its strategic business unit : You are a management consultant of a major MNC that is replacing the leadership team in its strategic business unit in South Africa. This strategic business unit has a staff of 30,000 and is manufacturing small electronic equipment for export. What t..
Important for multinational corporations overall success : Human Resource Management is increasingly important for multinational corporations’ overall success. Outline the major issues that confront an American HR manager in the posting of expatriates to South Africa. What HR policies need to be modified and..
Definitions of leadership : Definitions of leadership, including a discussion of authority, power, and influence and how these are related to the exercise of leadership. What can be the various sources of a leader’s power or authority? What is the relationship between types or ..
Switched from local suppliers to low cost : Many companies have switched from “local” suppliers to “low cost” (and often distant or foreign) suppliers on the basis of cost, without considering the full cost of risks associated with these changes. Discuss 3 ways in which a company can hedge aga..
About your ability to complete less significant tasks : You really want to be assigned an important project but worry that your boss will not give it to you. Your boss has expressed concern lately about your ability to complete less significant tasks. You are upset and feel these tasks are beneath you and..
Explain how you would nurture the self-concepts : You are manager of a district that has just hired several recent university and college graduates. Most of these people are starting their first full-time job, although most or all have held part-time and summer positions in the past. Explain how you..
Cooperative relationship in organizations in high-technology : Technology is often the reason behind the decision to pursue joint ventures, mergers and other alliances. When technologies are expensive and take a long time to develop internally, organizations may attempt to gain access to the capabilities of anot..
Expression-if it is your perception it is your reality : You may have heard the expression: “If it is your perception, it is your reality.” Please discuss this issue, and comment on how easy/difficult it may be to change one's perception. Share a related personal experience.

Reviews

Write a Review

Operation Management Questions & Answers

  Give an example of product or service

Give an example of a product or service for which you have a very price inelastic demand (i.e. you'll continue to purchase about the same even if the price goes up quite a bit). Since the change in quantity is so much more than the change in price, I..

  Manufactures two electrical products

The Attaran Corporation manufactures two electrical products: portable air conditioners and portable heaters. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of..

  Marketing and the role of ethics and social responsibility

Healthcare marketing today is a pervasive reality. What is the role of marketing ethics and social responsibility in healthcare today. Give an example of an unethical marketing practice being used today.

  What is the rational for quality management systems

Discuss the role of statistical techniques as it applies to the ISO standard.

  Planning schedule showing gross and net requirements

Assume that Product Z is made of 2 units of A and 4 units of B. A is made of 3 units of C and 4 D. D is made of 2 units of E. Lead times for purchase or fabrication of each unit to final assembly are Z takes 2 weeks; A, B, C, and D take 1 week each; ..

  Ultimately prevent him from managing his own finances

Unfortunately, your best friend has been diagnosed with an illness that will ultimately prevent him from managing his own finances. Your friend has the utmost trust in you and is confident that if the need arises you would make the best decisions as ..

  What level of safety stock would give reorder point

The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. What level of safety stock woul..

  Accommodates local differences in consumer tastes-preference

What do you think Domino's does from an organizational perspective to make sure that it accommodates local differences in consumer tastes and preferences?

  Knowledge be devalued by inaccurate information

How might knowledge be devalued by inaccurate information? How can group members ensure the accuracy of their information? How do imagination and knowledge relate to creative problem solving? What makes the brainstorming technique an effective and cr..

  Question 1case study pharmaceutical productsone of the

question 1case study pharmaceutical productsone of the pillars of wellbeing state in mauritius is free healthcare

  Explain how many kanbans are needed

Chip Gillikin's organization needs to establish kanbans to feed a newly established work cell. The subsequent data have been offered. Explain how many kanbans are needed.

  Preferences consistent with assumptions of consumer theory

An individual consumes only two commodities X and Y. She prefers a bundle B1 with 6 units of X and 2 units of Y to a bundle B2 with 4 units of X and 7 units of Y. Also, she prefers a bundle B3 with 2 units of X and 8 units of Y to B1. Are these prefe..

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