Switched from local suppliers to low cost

Assignment Help Operation Management
Reference no: EM131136671

Many companies have switched from “local” suppliers to “low cost” (and often distant or foreign) suppliers on the basis of cost, without considering the full cost of risks associated with these changes. Discuss 3 ways in which a company can hedge against the risk of this design

Reference no: EM131136671

Questions Cloud

Turnover-absenteeism-organizational citizenship behavior : We discussed in class several of the dependent variables that need to be considered when managing people (performance, job satisfaction, turnover, absenteeism, organizational citizenship behavior, deviant workplace behavior). Select two of these and ..
Leadership team in its strategic business unit : You are a management consultant of a major MNC that is replacing the leadership team in its strategic business unit in South Africa. This strategic business unit has a staff of 30,000 and is manufacturing small electronic equipment for export. What t..
Important for multinational corporations overall success : Human Resource Management is increasingly important for multinational corporations’ overall success. Outline the major issues that confront an American HR manager in the posting of expatriates to South Africa. What HR policies need to be modified and..
Definitions of leadership : Definitions of leadership, including a discussion of authority, power, and influence and how these are related to the exercise of leadership. What can be the various sources of a leader’s power or authority? What is the relationship between types or ..
Switched from local suppliers to low cost : Many companies have switched from “local” suppliers to “low cost” (and often distant or foreign) suppliers on the basis of cost, without considering the full cost of risks associated with these changes. Discuss 3 ways in which a company can hedge aga..
About your ability to complete less significant tasks : You really want to be assigned an important project but worry that your boss will not give it to you. Your boss has expressed concern lately about your ability to complete less significant tasks. You are upset and feel these tasks are beneath you and..
Explain how you would nurture the self-concepts : You are manager of a district that has just hired several recent university and college graduates. Most of these people are starting their first full-time job, although most or all have held part-time and summer positions in the past. Explain how you..
Cooperative relationship in organizations in high-technology : Technology is often the reason behind the decision to pursue joint ventures, mergers and other alliances. When technologies are expensive and take a long time to develop internally, organizations may attempt to gain access to the capabilities of anot..
Expression-if it is your perception it is your reality : You may have heard the expression: “If it is your perception, it is your reality.” Please discuss this issue, and comment on how easy/difficult it may be to change one's perception. Share a related personal experience.

Reviews

Write a Review

Operation Management Questions & Answers

  Why is it so difficult to measure leadership effectiveness

Why is it so difficult to measure leadership effectiveness? What criteria have been used to evaluate managerial effectiveness? Are some criteria more useful than others? Defend your position.

  Standard deviation of demand for the sheets is five per day

dunstreets department store would like to develop an inventory ordering policy with a 95 percent probability of not

  How must an operations strategy integrate with accounting

How must an operations strategy integrate with accounting/finance?

  About evaluating the criticalness of an inventory shortage

When we discuss inventory management, we often emphasise the importance of service level, which is typically defined as a percentage of customer’s demand that is satisfied with inventory. In other words, managers would like to maintain certain servic..

  Training expatriates

Determine key components that are important to maintaining a successful mentorship with expatriates. Support your answer with one (1) real-world example of a successful expatriate mentorship

  Decision-making scenario using your business experience

Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, describe the risk, and whether persuasion was used. What were the social heur..

  Share rules for production and interpretation of behaviour

What does this mean: "Culture is the organization of individuals who share rules for production and interpretation of behaviour"?

  Which one of the 4 ps of innovation did the product

Which one of the 4 Ps of innovation did the product go through in order to produce an innovative change? Is there any overlap with another one of the Ps? If so, which one? Explain.

  Employers are using employees more and more in a matrixed

Employers are using employees more and more in a matrixed environment. What does that mean? How can we contend with the various stressors

  Estimate the loss for quality characteristic

A quality characteristic has a manufacturing specification (in cm) of 0.200 ± 0.05. Historical data indicate that if the quality characteristic takes on values larger than 0.25 cm or smaller than 0.15 cm.

  Distinguish between different classifications of contracts

Distinguish between the different classifications of contracts, including oral and written, express and implied, formal and simple, and entire and divisible.,quasi contracts (implied -in -law contracts)

  Understanding the clients business and industry

Understanding the Client's Business and Industry. Based on your understanding of inherent risk assessment and the case information, identify three specific factors about Quest's business model that might cause you to elevate inherent risk if you were..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd