Answer:
The best approach for acquiring inputs that have clear and quantifiable quality requirements and necessitate specialized investment is through contracts.
Explanation:
The contract formalizes the arrangement between the buyer and seller, establishing legal conditions and agreed responsibilities. One of the significant benefits is that companies and buyers can concentrate on obtaining what they require as contracts apply to physical goods as well as services, minimizing opportunistic behaviors and underinvestment.
An example is CONASUPO, a Mexican government agency that entered into contracts with ranchers across Mexico to procure their milk production at reduced prices to support numerous low-income households.
Response:
A) 100
Clarification:
total sales 3,600 units
cost per unit $200
order placement cost $40
holding cost is $20 annually
working days 360 yearly
lead time is 5 days
Should Mark purchase 200 units per order, what would his average stock be?
daily sales = total sales / working days = 3,600 / 360 = 10 units daily
orders each year = 3,600 / 200 = 18
Mark's order frequency = 360 days / 18 orders = 20 days
average inventory = (200 units / 20 days) x 10 days = 100
I presume Mark has some safety inventory to ensure he can cover the 5-day lead time.
Answer:
Information technology architecture can be seen as a comprehensive outline of the various assets needed for information processing to attain business goals.
Explanation:
In today’s society, businesses heavily rely on information. Information technology architecture concentrates on three primary levels within an organization: the server, middleware, and client.
At PepsiAmericas, the Next Gen initiative convinced leaders that technology initiatives must add value. Technology created a unified platform for standardized procedures.
The first move made by Johnsen involved forming an IT governance board that included CEO Robert Pohland and COO Ken Keiser.
Pepsi Americas acknowledged the architectural and structural variances between itself and its subsidiaries.
Conversely, operational excellence refers to providing dependable products and services to clients at competitive rates, while customer intimacy involves targeting specific markets and tailoring offerings to fit niche demands.
Operational excellence aims to reduce operational costs in order to provide competitive pricing.
Employees at Pepsi Americas realized that driver turnover was no longer a priority and recognized that economic downturns required operational adjustments. Consequently, PepsiAmericas needed to reassess their operations as demand waned and find solutions to prevent resource wastage.
