What you have learned about your suppliers

Assignment Help Project Management

Reference no: EM133534515

Based upon what you have learned about your suppliers in item 4 above, conduct further research to determine the likely cost of the product if purchased from the named suppliers 1)Herringbone & Sui,2) Modna Hiša Marjan Fortuna and 3) Bertoncelj Suits.
If the cost of the product cannot be found in the market, the management team must research and identify a retail or wholesale price that the product "Men Suits " import from Slovenia currently sells for in the Canadian market. You would then work backwards, deducting the initial estimated costs associated with bringing the product into the market as well as the normal profit margins that would have been added on by importers, wholesalers and/or retailers. This will give you a product cost somewhat realistic to what you could presume to have paid if you purchased direct. An import costing template has been provided as a guide to cost estimation. NOTE: These costs can be revised in subsequent assignments as more information regarding the importation of the product is obtained. (10 marks)

The price the management team will pay for the product in the target geographic market will require some negotiation. The management team must explain the strategy they would use to negotiate their purchase price. Consideration should be given and explained regarding all of the issues that may require negotiation. Be sure these points are specific to your product and industry and NOT just 'generic' in nature.

In addition, the team must explain in detail the method they will use to be assured they have received the goods per specifications on the PO that will be issued, before payment is authorized.

Reference no: EM133534515

Questions Cloud

Reflect on your own experience working on a project at work : Reflect on your own experience working on a project at work or at school, is there anything else you could add to the list of don'ts?

Why this target behavior should be assessed : how to prioritize target behaviors provided by Cooper, Heron, and Heward (2019), address the social significance of the target behavior for the hypothetical

Explain why you would choose that methodology : explain why you would choose that methodology (refer to Chapter 2 reading and Figure 2-9 to support your explanation and justify your choice).

Develop a research question related to the historical event : Based on your review of primary and secondary sources, develop a research question related to the historical event you selected. In about?

What you have learned about your suppliers : what you have learned about your suppliers in item 4 above, conduct further research to determine the likely cost of the product if purchased from the named

Explains how your learning enhances performance : Provide a descriptive summary of your Career Connections artifacts that explains how your learning enhances performance in the workplace.

What factors should one consider in adopting agile : What factors should one consider in adopting Agile for a specific project? What factors tat would indicate when Agile is not appropriate for a project?

Why do you think project managers continue to use : Why do you think project managers continue to use the traditional project cost management method? Exemplify your discussion.

What do you believe the purpose is behind this approach : What do you believe the purpose is behind this approach? Why do it with each member individually, and why in front of the whole family?

User Account

All Pages