Explain the steps in the supplier selection process

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Reference no: EM133595531

Problem

Select one of the key concepts from the list below for your Discussion response. Be sure to identify the name of the organization.

1. Assess the strategic importance of the supply chain to your organization. What strategic differences occur between with a product-based business (sells a physical, tangible product), and a service-based business (sells a service, which has no physical or tangible product)?

2. Compare the six sourcing strategies and relate your response to your selected organization.

3. Explain the steps in the supplier selection process for your selected organization. What differences occur between with a product-based business (sells a physical, tangible product), and a service-based business (sells a service, which has no physical or tangible product)?

4. Synthesize the method to compute the percentage of assets committed to inventory and inventory turnover. How could this information improve the profits to your selected organization?

Reference no: EM133595531

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