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Create a source selection matrix and use it to select the optimal supplier. Address each of the following: 1. Identify a real or hypothetical project (like a project to resurface the parking lot of an apartment complex) for which a product or service (like painting the parking space lines after resurfacing is completed) must be procured during the Execution phase. In a Word document, briefly describe the project, identify the product or service that must be procured, and identify three possible suppliers (like Painting Company A, Painting Company B, and Painting Company C). 2. Create a source selection matrix in Microsoft Excel in which you list five criteria (like price, proximity of headquarters to job site, supplier's projection of how long the painting will take, warranty duration, and attractiveness of payment terms) that are important in selecting one of the three alternative suppliers. 3. Once the source selection matrix is created in Excel and populated with suppliers and criteria, weight each criteria (using the same scale for all criteria), score each supplier relative to each criterion (using the same scale for all scores), and then multiply the weight of each criterion by the score for each supplier-criterion combination. Arrive at the optimal solution. This video provides an explanation of this method: https://www.youtube.com/watch?v=F-zsALfgTrw. 4. In the Word document in which you described the project, reflect on this process for selecting suppliers and identify at least one advantage and one disadvantage of it relative to another approach that could be taken.
Reflecting on materials planning, what is an important challenge facing management of organizations today and how would you go about addressing it, Explain.
Summarize the entire paper covering each of the key elements (sections) presented throughout the document. Provide specifics, not generalities. State the organization name along with a very brief description of it.
Calculate the ROI by dividing operational results by costs. The ROI gives an estimate of the dollar return expected from each dollar invested in training.
Demand for cameras at Best Buy had the following demand (in thousands) history by quarters over a three-year period.
Do a search of media reports on apparent strategic failures in the health care or biotechnology industries (e.g. divestment of a business, layoff of a large proportion of the workforce, very large losses over several years).
What are the benefits of LLC, LPs and LLLP? What types of businesses would chose each form? What are the main differences between LPs and LLLPs?
what is a swot analysis? what is its purpose in strategic planning? must you conduct a swot analysis to have an
The tennis club has a number of inventories it must manage and must minimize all its expenses to stay in business. For each inventor, describe a goo management policy or system:
What are the advantages and disadvantages of conducting a face-to-face interview compared with a less personal approach such as having someone fill out a questionnaire online
select a manufacturing organization the team members are familiar with. review the companys website and other available
When evaluating or selecting a third party supplier, which of the following characteristics should be reviewed
Lefler Company is considering purchasing equipment. The equipment will produce annual cash inflows of $44,000 for 3 years. Lefler requires a minimum annual rate of return of 8%. Assuming that the cash inflows are received at the end of each year, wha..
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