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Case: When looking at the seven-step approach to supplier development, some may say it's too many steps, and it needs to be condensed. If you were brought in as a consultant and given the task of streamlining the process of the seven steps below, which would you modify/eliminate/etc... to condense the process (and why), or what would your response be to the client?
Question 1. Identify critical products & services
Question 2. Identify critical suppliers not meeting performance requirements
Question 3. Form a cross-functional team
Question 4. Meet with top management of the supplier
Question 5. Rank supplier development projects
Question 6. Define details of the Agreement
Question 7. Monitor status & modify strategies
Can you practice the types of supply chain management without the ethical relationships in the supply chain? What do you think is the MOST important reason why supply chain management is important to Regal and firms like it? Why?
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Historically the company has kept a very small inventory of only two weeks to meet orders. This policy must be evaluated as part of the process of developing an aggregate plan for the next six months.
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