What are advantages of using multiple sourcing strategies, Operation Management

Assignment Help:

What are the advantages of using multiple sourcing strategies?

Advantages of using multiple sourcing:

a. May assist negotiate and drive down prices while more suppliers exist

b. More environmentally aware like the organisation ‘shops around’

c. Lower risk when a supplier fails to deliver


Related Discussions:- What are advantages of using multiple sourcing strategies

Explain type of inventory management, What are some different companies tha...

What are some different companies that could benefit from using this type of inventory management and why?

Hidden markov models, Hidden Markov Models: We discussed an example of...

Hidden Markov Models: We discussed an example of determining the most probable state path with the Viterbi algorithm. We also discussed in the class how to calculate the margi

Functions of work measurement, Functions of work Measurement: 1.      ...

Functions of work Measurement: 1.       To analyze  the operations  and to evaluate them  in terms  of time  from the  point  of view  of  controlling  the activity. 2.

Process layout - process design, Process Layout - Process Design This ...

Process Layout - Process Design This form of layout is used when there is no dominant flow pattern, and is particularly appropriate for job shop and small-batch operations. Th

Explain waiting for my physical delivery, Can I access the eBook while wait...

Can I access the eBook while waiting for my physical delivery?

Explain artistic and creative exception to the overtime rule, 1. Grapple In...

1. Grapple Industries has 1,000 full-time and part-time employees who manufacture parts for hand tools. Company policy states that part-time employees are not eligible for overtime

Discuss how various legal-political-economic system, Discuss how various le...

Discuss how various legal, political, economic, and cultural systems may affect the brokering of a relationship with international partners.

Describe what information should be shared with partners, The EGAD Bottling...

The EGAD Bottling Company has decided to introduce a new line of premium bottled water that will include several "designer" flavours. Marketing manager Georgiana Mercer is predicti

Explain how will you account for any wastage, You are the branch operations...

You are the branch operations manager for a leading manufacturing company. The following are the bill of materials (BOM), Master Production Schedule, and Inventory Record Sheet for

Write Your Message!

Captcha
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