Describe the five phases of supply management

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Reference no: EM131291614

1. Describe the five phases of supply management.

2. What are the prerequisites to bringing a firm's supply management function to "strategic" status?

3. Why are many organizations using a hybrid approach to decision-making authority in their supply management?

4. Identify and discuss two ways in which cross-functional teams could be useful in developing new products or completing value analysis functions.

5. Distinguish between transactional, collaborative, and alliance relationships.

6. Define and discuss Value Engineering.

7. What are two likely benefits of early supplier and early supply management involvement in new product development?

8. Differentiate between simple and complex specifications.

9. Identify and discuss two benefits of standardization.

10. Discuss the philosophies of two of the quality gurus listed in your textbook.

11. Identify and discuss two of the six themes of Six Sigma.

12. What are some of the challenges with purchasing used equipment?

13. Identify three factors that favor leasing (Brief discussion of each factor. Do not merely list).

14. Identify and differentiate the four formats for Statements of Work.

15. Corporations continually wrestle with make or buy decisions. Identify three considerations which favor buying. (Briefly explain each consideration. Do not merely list).

Reference no: EM131291614

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