Outsourcing strategiesO are nearly always a more attractive strategic option than merger and acquisition strategies.○ carry the substantial risk of making a company overly dependent on its suppliers.○ carry the substantial risk of raising a company's costs.O increase a company's risk exposure to changing technology and/or changing buyer preferences.O involve farming out value chain activities presently performed in-house to outside specialists and strategic allies. Every corporation should have a strong independent board of directors that does all of the following exceptO evaluate the leadership skills of the CEO and other senior executives.O guide management in choosing a strategic direction and makes independent judgments about the validity and wisdomof management's proposed strategic actions.○ retain sufficient courage to curb management actions deemed inappropriate or unduly risky.O take responsibility for leading the strategy-making, strategy-executing process.○ remain well-informed about the company's performance and exercises its fiduciary duty to protect shareholdersresponsibly.

Understanding Outsourcing and Board ResponsibilitiesOutsourcing:Correct: "Outsourcing strategies…

Answered: Outsourcing strategies O are nearly…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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12. Which of the following is NOT a disadvantage of outsourcing? A. The risk ofa pplier underbidding and later charging more B. The posibility of fogeting how to do the work C. The posibility of a supplier able to deliver fter than needed D. The risk ofa breakdown in the supplier's npply chain
Hi there can you please assist me wi the following question below 1.1 There are three important bid committees that are necessary to ensuretransparency of the procurement process. In your own words, differentiatebetween the Bid Specification Committee and the Bid Adjudication Committee 1.2 Using the example of a catering company, i.e., making and selling food, explain thefirst three components of supply chain management in relation to the above example.You are required to:• Identify the first three components of supply chain management.• Explain each of the components.• Explain each component in relation to the example provided.
show work not done in excel Firm Y faces the following: Revenue per order = $10,000 750 orders/deliveries per year Net cost as a percent of revenue = 65% 80% of late deliveries redelivered; 20% cancelled Cost of redelivery = $300 Invoice deduction for redeliveries = $250 4. What is the total lost profit or cash flow from an 85% on-time delivery rate? 5. What is the total lost profit or cash flow from a 95% on-time delivery rate? 6. What is the percentage reduction in total lost profit or cash flow from this 10% increase in on-time delivery?
Sticky Fingers Inc. produces packing and masking tape. Last year’s annual report has been compiled, and you are in charge of business analysis for the year. The company had a goal for inventoryturnover of 6 for last year. The actual results were cost of goods sold of $400,000, beginning inventory of $50,000, and ending inventory of $70,000. What was the actual inventory turnover, and atwhat percent did the firm achieve its goal?
SLO 6.1. Supply contributes to organizational goals and strategies through: Strategic contributions (opportunity maximization)Operational contribution (bottom-line impact)Direct contribution (enhancing performance of others)Indirect contribution (trouble prevention)Profit-leverage contribution (intangible) NEWSLO 6.2. For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: 10 percent36 percent57 percent60 percent75 percent
Your Boss is looking over a Breakeven Chart which you have prepared to portray the Cost Volume Profit relationship of proposed plan of operations. He comments, “The chart only tells me more we sell more profits we make.” What will be your reply? How will you convince your boss that BEP analysis is important for every organization, it gives a way to design production units and identifying profits and losses?
What choice below differentiates Supply Chain Management (SCM) from Operations Management (OM). O a. OM has no production functions b. SCM has no procurement functions c. OM has no Quality Control functions d. SCM is for service companies only e. Planning beyond your customer's customer and your supplier's supplier
Jenna Baker, CEO of Baker Mfg Inc., wishes to compare her company's inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. a) What is Baker's inventory turnover? Baker Mfg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,850 $1,290 $17,410 times per year (round your response to two decimal places).
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. Baker Mfg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,650 $1,300 $17,790 a) What is Baker's inventory turnover? times per year (round your response to two decimal places). b) What is Baker's percentage of assets committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? Better In Line with Industry Worse
Choose one ERP business value and explain why you think it's important.
1.) Developing a reliable and trustworthy supplier base is critical to success. True False 2.)The tragedy surrounding the Rana Plaza Factory collapse would have most likely been avoided with sound corporate social responsibility practices in place. True False 3.)Supply strategies are crucial to a business’s success. True False 4.)Location of a factory would not be considered a key factor in the decision-making process surrounding supplier choice. True False 5.)Fast fashion does not negatively impact the environment. True False 6.)Most apparel companies own their own factories and control their own fabric supply. True False 7.)Retailers have embraced the omnichannel model to provide buying options for their customers. True False 8.)Strategic line planning is considered necessary in developing the end product. True False 9.)Near-shoring’s main benefit is reducing lead time. cutting down on travel costs. using less people.…
Since Port Aventura is using an ERP (SAP actually) to coordinate all of its operations, what benefits does it gain from this software? What are the strategic business challenges for Port Aventura to grow its business? (i.e. market-based imperatives - nothing yet to do with IT)

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