Purchasing and Materials Management

| February 12, 2014

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Module 3 -Overview
Module Description:
• Explain the purpose of a Statement of Work (S.O.W.).
• Identify issues to consider in selecting a service contractor.
• Identify and define strategic issues to consider in deciding to outsource manufacturing.
• Explain why a company may favor making a product in house.
• Recognize the issues encountered in developing a strategic sourcing plan.
• Explain the concept of countertrade.
• Identify the major economic alliances around the world and explain what drives them
Please answer question 5: Describe countertrade. What are its major advantages to a manufacturer from a developed country with a pegged currency? What are the major disadvantages?
Please answer question 6: Explain strategic issues encountered in developing a strategic sourcing plan. Discuss which stage(s) these issues could become problematic in.
Module 4 -Overview
Module Description:
• Explain the steps in designing and developing new products
• Explain ways in which supply management is beneficial to a company’s product development process
• Identify a balanced specification
Please answer question 7: Identify a key concept or foundational theory from the first four weeks of class and in half a page discuss how it applies to your current work environment or a recent social, political or business event. Include the chapter and sub topic from your textbook.
Module 5 -Overview
Module Description:
• Determine which products and services are best suited for buying offshore.
• Explain why cost components should be addressed when one is considering the true cost of an item or service.
• Define which costs are direct and which are indirect.
• Explain why it is important that suppliers make a reasonable profit
• Identify the three major types of contract compensation.
• Explain the negotiation process.
• Identify various techniques used in negotiating
Please answer question 8: dentify the three components of Total Cost. What component do you believe is most important? Why?
Please answer question 9: What issues are addressed by a compensation arrangement? Explain what is meant by the “motivational implications” of a compensation arrangement.
Module 6 -Overview
Module Description:
• Identify the key concepts of dispute resolution
• Explain the two types of warranties identified under the UCC
• Explain the concept of breach in regard to contracts
• Develop a basic plan for monitoring suppliers’ contract performance
• Describe the “sharp practices” supply managers can fall into using
• Define a supply manager’s responsibility in the area of ethics.
Please answer question 10: Explain why most business firms utilize litigation as a last resort fro dispute resolution. Suggest at least 2 options for avoiding a trip to court and why those options are preferable.
Please answer question 11: Describe two examples of confidential supplier information. What responsibility does the supply manager have for such information?
Module 7 -Overview
Module Description:
• Design an aggregate planning and master scheduling system.
• Explain to others the elements of material requirements planning (MRP) techniques and programs and the logic format.
• Evaluate the accuracy of critical inputs to MRP, bill of materials, on-hand inventory, encumbered inventory, and the master schedule.
• Define the characteristics of supply, demand, and logistics management.
• Describe the impact of the bullwhip effect on the supply chain.
• Describe the power of Value Network Management (VNM).
• Recognize the characteristics that make role models effective.
Please answer question 12: What are some ways to reduce the logistics cycle time?
Please answer question 13: Describe the links between supply management, production planning and control, and logistics in a supply chain management environment.
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