Become popular to drive the total cost of procurement down

Assignment Help Operation Management

Reference no: EM13954280

The concept of reverse auctions has become popular to drive the total cost of procurement down. Discuss how reverse auctions might be a good fit for some supplies and not for other supplies. Also include how a reverse auction might function as part of the parts return process.

Reference no: EM13954280

Questions Cloud

Why might the assumption of independence be violated : Why might a driver be tempted not to use a seat belt "just on this trip"?

Determining the sales returns and allowances : You are the controller for a large chain of discount merchandise stores. You receive a memo from the sales manager for the midwestern region. He raises an issue regarding the proper treatment of sales returns. The manager urges you to discontinue ..

Formulate and solve an integer programming model : The athletic boosters club for Beaconville has planned a 2-day fund-raising drive to purchase uniforms for all the local high schools and to improve facilities. Donations will be solicited during the day and night by telephone and personal contact. F..

Determine the orbit radii for the 12c and 13c isotopes : Singly ionized carbon is accelerated through 1000 V and passed into a mass spectrometer to determine the isotopes present. The magnetic field strength in the spectrometer is 0.200 T. determine the orbit radii for the 12C and 13C isotopes as they pa..

Become popular to drive the total cost of procurement down : The concept of reverse auctions has become popular to drive the total cost of procurement down. Discuss how reverse auctions might be a good fit for some supplies and not for other supplies. Also include how a reverse auction might function as part o..

Use of a perpetual inventory system : Darrell Keith is starting a new business. He plans to keep a tight control over it. Therefore, he wants to know exactlyhow much gross profit he earns on each unit that he sells. Darrell sets up an elaborate numbering system to identify each item as..

Distinguishing between classical and operant conditioning : What are key differences in distinguishing between Classical and Operant conditioning ? Please explain your answer in 250 words or more.

Formulate an integer programming model for this problem : The Heartland Distribution Company is a food warehouse and distributor that has a contract with a grocery store chain in several Midwest and Southeast cities. The company wants to construct new warehouses/distribution centers in some of the cities it..

Determining the pricing decision : Caroline's Candy Corner sells gourmet chocolates. The company buys chocolates in bulk for $5 per pound plus 5% sales tax. Credit terms are 2/10, n/25, and the company always pays promptly to take advantage of the discount. The chocolates are shipp..

User Account

All Pages