Your company is under extreme pressure from your biggest, Ask an Expert

Management Studies

Your company is under extreme pressure from your biggest customer to reduce prices on a product with lower than desired profit margins. As the OPS Manager you have decided to reach out the Procurement Manager for some help in locating some lower cost sources for your raw stock of acrylic fabric. You have agreed to meet to discuss some important factors that need to be agreed upon prior to reviewing potential sources. In preparation for your meeting complete the following analysis to discuss with the Procurement Manager:

A. Use the Factor Rating Model to help in the narrowing down potential countries to source from, what weights would you give each factor and why?

B. Explain the concept of Total Cost of Ownership (TCO) and how it would be applied in this scenario.

C. List and provide and explanation for the key aspects of the supplier performance that would mean the most to you as an Operations Manager.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92582576

Have any Question?Write your Review or question?

Related Questions in Operation Management

Individual learning project instructionsthe individual

Individual Learning Project Instructions The Individual Learning Project is an opportunity for you to evaluate yourself and your role within your organization by completing 10 self-assessment activities. You will begin t ...

Assignmentselect an existing company possibly a publicly

Assignment Select an existing company, possibly a publicly held company in order to find easily accessible information. Research the company and compile a SWOT analysis identifying a minimum of four elements under each o ...

What do you think about the differences that exist between

What do you think about the differences that exist between rights in the area of criminal legal representation versus those that exist in the realm of civil legal assistance? Does it seem fair to you? why or why not? Eve ...

1 explain how buyersrsquo willingness to pay consumer

1. Explain how buyers’ willingness to pay, consumer surplus, and the demand curve are related. Explain how sellers’ costs, producer surplus, and the supply curve are related. 2. Powerful incentives can cause undesired be ...

You are to post an example of a business plan you developed

You are to post an example of a business plan you developed. Select a plan that you are most proud, and would wish to share with potential employers and others as a testament to the quality of your work, as well as the s ...

1 compare and contrast the importance of a lease as an

1. Compare and contrast the importance of a lease as an investment, from the Landlord’s view and from the Tenant’s views. 2. Describe the three constituencies that benefit from ethical behavior in the commercial real est ...

Think about a product category where you have a high

Think about a product category where you have a high knowledge of the various brands. Pick one of the major brands. Discuss the characteristics the brand would want for a brand advocate, ambassador, or evangelist. What t ...

Perform an internet search to learn more about the

Perform an internet search to learn more about the following systems found in healthcare facilities: Lab Information Systems (LAB) Computerized Patient Order Entry Systems (CPOE) Radiology Information Systems (RIS) Creat ...

Assignment -presentation of strategy audit findingsin this

Assignment -Presentation of Strategy Audit Findings In this assignment, integrate all the pieces of work you have drafted and formally turn it into the capstone strategy audit. In previous assignments, you performed mult ...

1 explain what the porters five forces model is and how it

1. Explain what the Porter's Five Forces Model is and how it helps professional knowledge and value? 2. Discuss the importance of business networking. 3. Why is hypothesis testing valuable for market research and in what ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert