The two distinct approaches for supplier selection in terms of supply chain are the transactional approach and the relational approach.
The transactional approach to supplier selection focuses primarily on short-term considerations and cost minimization. In this approach, the buyer treats suppliers as separate entities and engages in transactional relationships based on price negotiations and competitive bidding. The main objective is to secure the lowest possible price and favorable contract terms. The buyer may prioritize suppliers who can offer the lowest cost per unit or meet specific delivery deadlines. The relationship between the buyer and the supplier is often impersonal and transaction-based, with little emphasis on long-term collaboration or partnership.
On the other hand, the relational approach to supplier selection emphasizes long-term partnerships and collaboration. In this approach, the buyer seeks to develop strong relationships with suppliers based on trust, mutual benefit, and shared goals. The focus is not solely on price, but also on factors such as quality, reliability, innovation, and sustainability. The buyer considers suppliers as strategic partners and invests time and resources in building a mutually beneficial relationship. This approach involves a deeper level of engagement, such as joint problem-solving, sharing of information and resources, and even co-development of products or services. The aim is to establish a sustainable and competitive supply chain that provides value beyond cost savings.
While the transactional approach may be suitable for commodities or low-value items where price is the primary consideration, the relational approach is more appropriate for strategic sourcing and complex supply chains. The relational approach fosters collaboration, reduces risks, promotes innovation, and enhances supply chain responsiveness. It allows for better integration between the buyer and supplier, leading to improved efficiency, quality, and customer satisfaction.
In summary, the transactional approach focuses on short-term cost savings and transactional relationships, while the relational approach emphasizes long-term partnerships, collaboration, and mutual benefits. The choice between these two approaches depends on the nature of the product or service, strategic importance, and the desired outcomes for the supply chain.
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What type of industry would Tim Hortons and McDonalds be classified as?
Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.
Answer:
did you finish it cuase i got the same one
Explanation:
Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.
What do you mean by Negative publicity?When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.
Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.
In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.
Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.
Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.
Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.
Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.
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Which of the following is not one of the factors in determining a pension's final value?
A) Years of serivce
B) Level of education
C) Your age at retirement
D) Your highest salary/pay
Answer:
B
Explanation:
Your factory has a contract to produce a new folding chair. Your role as manager is to find the greatest efficiencies possible throughout the process, so you call a meeting with your planning department. One of your engineers suggests putting more workers on the line but breaking up the tasks into more individual steps. What is your greatest concern regarding this approach? A increased time spent in training B reduced production C poor conditions for workers D cost to hire skilled workers
Answer:
A
Explanation:
I took the test and it was right
What is the advantage of developing criteria for assessing the effectiveness of business products and processes?
A. Assessment criteria are answers.
B. Assessment criteria are inexpensive.
C. Assessment criteria provide you with a list of relevant things to measure.
D. Assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answer:
.Assessment criteria provide you with a list of relevant things to measure.
Explanation:
Assessment criteria provides a list by which one can measure success or failure of a business products and processes.
Answer:
c
Explanation:
MULTIPLE CHOICE: Scar stole Mufasa's debit card and used it to buy a vacation package to the Savannah. Which account would the money come out of? (choices are savings, checking, certificate of deposit, and online checking)
Answer:
Savings.
It cannot come from certificate of deposit or online checking, since it is a debit card.
If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship
Answer: new hire orientation
Explanation:
New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .
This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.
Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.
Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.
Based on the explanation, the answer is new hire orientation.
Answer:
A
Explanation:
A Balance Sheet does NOT show your company's (two answers are correct)
financial position over a specific period of time
liabilities
insurance coverage at a specific date in time
assets
Answer:
I think its the 1st and 3rd ones
Explanation:
What is the difference between a salary and an hourly wage?
Answer:
Explanation:
A salary stays the same amount no matter how many hours you work. An hourly wage, you get paid for each hour you work; you get payed on WHAT you work.
Jerry's job requires that he wear a suit and tie every day to the office. This is most likely a(n) _____ atmosphere.
Answer:
I would say a formal or business atmosphere.
Explanation:
The main jobs that require suits are often business atmospheres. However, the wearing of a suit is called formal attire.
Answer:
The answer is formal
Explanation:
I took the quiz and got all of the answers right.
Does anyone know what the definition of expanding manufacturing is?
Match the financial statement with its description. To match them, click the Description and then click the Financial Report Name
Answer:
a-3 / b-2 / c-4 / d-1
Explanation:
Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.
The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.
Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.
is a process designed to provide reasonable assurance regarding the reliability of financial reporting.
Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.
Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations
Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.
are reports prepared by a company's management to present the financial performance and position at a point in time.
Financial statements refer to how company communicates their finance. The financial statement that reflects a company’s profitability is hereby given below.
Financial statements in sheetsThe various accounting activities that precedes financial statements are hereby matched below:
A. Statement of retained earnings or owner's equity
Include information of owner's retained earnings and dividends.
B. Income statement - Revenues
Shows revenues and expenses over a period of time.
C. Statement of cash flow
shows money moving in and out, categorized by operations, investing and finance
D. Balance Sheet
A snapshot of a company's assets, liabilities and equity at a specific moment in time.
Therefore, the answers are Statement of retained earnings or owner's equity, Income statement - Revenues, Statement of cash flow, Balance Sheet respectively.
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Select the best alternative for the following questions:
i. Which of the following transactions are not recorded in book keeping?
a) Sold Goods on Credit.
b)
Introduce capital in the business.
c) Resignation of marketing manager.
d) Drawing cash from business for personal use.
..
Answer:
c. the resignation
Explanation:
this would not affect the bottom line of the company and is therefore irrelevant
1. Calculate the Net Worth when Liabilities are $5,000 and Assets are $6,725
What are the 4 steps to branding
Answer:
Here are four steps to building a successful brand.
1 Define how you want to be perceived. When your customers have finished using your product or service, how do you want them to describe their experience? ...
2 Organize your business based on this promise. ...
3 Communicate your promise. ...
4 Be consistent.
Explanation:
When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.
What does it mean when a website is unsafe?External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.
Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.
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In which way are competitors stakeholders in a business?
A. They invest in competition
B. Competitors need to provide services
C. Competitors will want to position itself competitively
D. They enjoy learning about the competition
Answer:
B
Explanation:
l think so if u get it wrong and am sorry
Sam has take-home pay every month of $800. He anticipates that his expenses will add up to $675 for the month. In a zero-based budget, why is it important that she put the extra $125 in SOME budget category? Where might you suggest that Sam put the extra $125?
Answer:
Second savings account
Explanation:
Life is full of surprises... repairs or emergency cases this would be helpful to have
Answer:
In a zero based budget, your income needs to add up to zero at the end of every month. For that reason I recommend that if he still has money left over after paying bills and other expenses he should put in savings.
What percent of the federal budget was spent on education in 2019?
Answer:
The President requests $59.9 billion in discretionary appropriations for the Department of Education in fiscal year 2019, an $8 billion or 12 percent reduction below the 2018 annualized Continuing Resolution (CR) level.
A local Barnes and Noble paid a $79.99 net price for each hardbound atlas. The publisher offered a 20% trade discount. What was the publisher’s list price?
Answer:
i believe it would be 63.99
Explanation:
Based on the information given the publisher’s list price is:$99.99.
Using this formula
List price=Net price/(100%-2=Trade discount)
Where:
Net price=$79.99
Trade discount=20%
Let plug in the formula
List price=$79.99/(100%-20%)
List price =$79.99/80%
List price= $99.99
Inconclusion the publisher’s list price is:$99.99.
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The Break-Even Point in your business is when
your company has repaid all of its debt
your company has exceeded its start up expectations
your company makes enough in revenue regularly to cover its expenses
your company repays all of the start up cost funding
Answer: In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.
Explanation:
waht do an engineer and an architect do?
The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.
The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.
What is monetary policy?In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.
This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.
Therefore, Option C is correct.
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1. Give the three (3)
business resources
Answer:
Financial Resources
Human Resources
Educational Resources
Explanation:
I need to submit this today, can you help me?
What are Washington D.C.’s people eating habits?
What are some economic facts about Washington DC?
What are some facts about Washington DC?
Culture and customs of Washington DC?
Travel information (Dubai to Washington DC)?
Answer:
I'm sure they eat well. have u try looking it up on goggle first
4.
Contrast the relationship that exists between entrepreneurs and investors in a business
enterprise.
Answer:
see below
Explanation:
1. An entrepreneur is the business founder. He or she conceives the business ideas and focuses on growing it. An investor considers existing business formed by the entrepreneur and focuses on its financial/commercial side.
2. The entrepreneur approaches an investor to finance the business. He draws a business plan and proposals to assure the investor of its viability. The investor approaches an entrepreneur if he is convinced of profits.
3. The entrepreneur manages the business but may also invest in it. An investor only puts money in the business but is not involved in managing it.
Should voting be mandatory?
Answer: Yes
Explanation:
Answer:
no
Explanation:
because no
Mary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?
Answer:
$65.60
Explanation:
Mary's current is $521.60.
In her new position, she will be earning $30,534.00. Her new weekly income will be as follows. Assuming one year has 52 weeks.
New pay = $30,534.00/ 52
New pay =587.20
In her new job, she will earn more by( $587.20 - $521.60.) =$65.60
=$65.60
when did Toronto pearsonAirport(Canada) start using technology or scanner
Answer:
Canada's busiest airport will soon start to use artificial intelligence- powered technology to detect weapons. The technology can detect both metallic and non-metallic weapons ranging from guns and knives to explosives, according to Liberty Defense Holdings Ltd., a Vancouver-based company which first marketed the technology. Known as Hex wave, the technology works by capturing radar images, then using artificial intelligence to analyze them for concealed weapons in bags or under clothing. Liberty's CEO, Bill Riker explained, "radar essentially is emitting this form of energy, it's reflecting off a person and it's identifying any items on a person's body that don't belong on a body." The technology will start getting deployed at Pearson in the Spring of 2020 in a bid to boost security, according to the Greater Toronto Airports Authority, which runs Pearson.