Which of the following is the problem of a firm's lack of performance standards? a) Performance results are mixed. B) It is difficult to determine the timing of the performance. NS) Performance criteria are compared. D) It remains unclear on what basis the performance will be evaluated. TO) The situation arises as to who will measure performance.
Q: top 5 reasons why tarrifs are being used
A: Trade between countries has grown leaps and bounds with globalization and the advent of internet.…
Q: Detail beetroot marketing plan such as when to sell, who to sell to, storage of products,…
A: Marketing plan refers to the set of activities which are aimed at delivering customer value. The…
Q: what impact willknowledge management have over company processes especially insurance company’s?
A: Knowledge management - is the mindful process of describing, structuring, maintaining, &…
Q: Identify the relation between data and information: a. Information which has been processed into…
A: a. Information that has been processed into useful and meaningful form is called data: Data when…
Q: An ‘Eye-catching’ Report Sasha is the Director of External Affairs for a national non-profit…
A: A risk assessment matrix is a tool that helps in identifying the severity, impact and probability of…
Q: When we put together a contingency table, we need to think about the calculations and analyses that…
A: A contingency table is a representation of data in tables where one variable is entered in rows and…
Q: ial and direct labor) is 60% of sales and profit is 10% of sales, what would be the improvement in…
A: A Small introduction about profit:- When the money generated from a commercial activity exceeds the…
Q: benchmarking improves a company’s performance
A: Benchmarking provides a better understanding of customer wishes, wants, and expectations.
Q: Which of the following is NOT a type of strategy developed from a SWOT analysis?…
A: SWOT analysis is a tool used by the individual or organization to identify the strengths,…
Q: Seprod company Itd.
A: The company is identified as one of the largest manufacturing and distribution companies in the food…
Q: Which of the following examples related to a strategic decision? a. Borrowing a working capital from…
A: Strategic decisions are long term crutial decisions that have an influence over a long period of…
Q: ?Which one of the following is correct regarding organization sustaining activities They may be…
A: Organization-sustaining activities can be stated as those activities that are taken to handle or…
Q: escribes the benefit of Balanced Scorecard? a) The Balanced Scorecard guarantees a firm financial…
A: Balanced scorecard: Organizations employ strategic planning and management systems to ensure that…
Q: systems that are commissioned by a particular customer. Select one: a. multipurpose products Ob.…
A: The system requirements of organizations will differ according to their need. Software product…
Q: The transparent conceptual framework consists of three component layers: the public strategic…
A: True
Q: ies with which busin
A: suppliers, customers, employees, products and services, and its surrounding or environment are the 5…
Q: Rick DeNeefe, manager of the Golden Valley Bank creditauthorization department, recently noticed…
A:
Q: 5. Which of the following is NOT a benefit of just-in-time processing? Group of answer choices…
A: The Just-In-Time idea is a manufacturing workflow methodology intended at decreasing flow times and…
Q: Please create a BCG matrix for the SAP SE organization. This should include the company's Dogs,…
A: BCG matrix : It is the Boston consulting group matrix is the growth share matrix .It is planned to…
Q: The entire McKinsey 7-S framework is oriented around the concept of Option- a. key capabilities b.…
A: The entire McKinsey 7-S framework is oriented around the concept of Option
Q: The items that follow are associated with a management accounting information system. a. Repairing…
A: a. Repairing a defective part:Processes.b. Providing information for planning and control:Inputs.c.…
Q: PROBLEM 2 a) Once the ABC classification of the articles has been carried out: - List the articles…
A: Find the Given details below: Given details: Article Cu($/unit) Consumption(Units/Year)…
Q: 2.What are the capitals recognized in the preparation of an integrated report for a textile…
A: Textile Industry majorly concerns itself with the production, designing, marketing, distributing and…
Q: TRUE OR FALSE 5. ABC management is on the philosophy that activities identified for ABC can also be…
A: ABC management is necessary for having different policies for different classes of components. An…
Q: . ______ estimate is based on cost per usable unit from past projects. A. Unit price estimate B.…
A: B. ROM (Rough Order Magnitude) estimate. ROM, an estimate of this type is usually developed by…
Q: Cost-Benefit analysis
A: The correct answer is compares the cost, with the benefits, of introducing a computer-based system
Q: Relationship of Waterfall Methodology to Cost and Profit Estimates
A: The waterfall model is a linear project management strategy in which stakeholders and customer…
Q: r each numbered (1-10) performance measure characteristic, select the appropriate lettered (A-J)…
A: WE ARE ALLOWED TO DO THREE SUB-PARTS ONLY. THE ANSWER IS AS BELOW:
Q: Which statement below is True, and which one is False? For the False ones explain why they are…
A: 3.4) Job shops are a process that helps in small manufacturing systems, not large volume…
Q: Which of the following is not included in the task environment? a. Natural factors b. Customers c.…
A: The correct option is option a. Natural factors.
Q: It is important to cammunicate with the customer verbaliy and non-verbally about the satistying…
A: A product can be defined as any tangible thing that has the ability to satisfy needs and wants of a…
Q: This risk stems from the unavailability of raw materials, IT, skilled labor, facilities, or other…
A: Availability risk is a risk that funds that not be made available to a firm. It could result from…
Q: Which of the following sentences best summarizes the differences between the Red and Blue oceans…
A: A red ocean strategy involves competing in ventures that are right now in presence. This frequently…
Q: Q1. Outline underlying reasons for poor quality that may have impacted Airbnb. Q2. Examine to what…
A: Airbnb is an online service platform which provides the following solutions to the below problems:…
Q: Cost:1-Low cost operationsQuality:2-Top quality3-Consistent qualityTime:4-Delivery speed5-On time…
A: Benchmarking:Benchmarking is the technique that helps to measure the performance of the firm by…
Q: Which of the following statements about a make-or-buy decision analysis is not correct? a. Available…
A: Outsourcing is described as a practice in business that emphasizes hiring parties outside a company…
Q: The one that includes all supplier-initiated contact with customers is ? a .Independent data…
A: Find the Answers below: The correct answer is b) Actively associated customer feedback
Q: Which of the following statements is / are not a strategic operations management decision. I.…
A: In strategic Operations Management, the objective is to achieve profitability effectively and…
Q: 5.1 Identify at least four risk that could jeopardise the project. 5.2 Create a risk assessment…
A: 5.1 Risks are the uncertainties that are associated with an event. The risks associated with the…
Q: 4. An important element of just-in-time processing is Group of answer choices a specialized…
A: Just in time or JIT inventory gives businesses a possibility to streamline their buying, assure a…
Q: QA: Explain Productivity Growth and give me example and what is the benefits of use productivity in…
A: In straightforward words profitability of development implies an expansion or an improvement in the…
Q: 26) A competitive advantage can be realized if an organization can achieve effective integration of…
A: The competitive advantage can be defined as the process in which an organization manufactures…
Q: Which of the following is/are the advantage(s) of using the ISO 9001 standard? a. Improve…
A: ISO 9001 standards are the standards that act as a benchmark for managing quality of goods and…
19 - |
Which of the following is the problem of a firm's lack of performance standards? |
|
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- • Which step in Xerox's 10-step process of benchmarking share the information and findings to whom will be affected by the benchmark to minimize uncertainty and fair Select one: O a. develop action plan O b. identify whom to benchmark O c. plan and conduct investigation O d. revise performance goal O e. recalibrate the benchmarks O f. communicate benchmarking findings and gain acceptance O g. decide what to benchmark87) Which of the following is not one of the strategic measures used in the Balanced Scorecard? a) Compliance perspective b) Customer’s perspective. c) Internal business perspective d) Innovation and leaning perspectiveWhy do casual analysis, statistical analysis, and Pareto analysis have different names? Which category does the ODC technique fall under?
- What are quality standards and how to guarantee your company has reached them? QUESTION 2:What are the four flows within the corporate environment, which are tried to optimize through logistics? QUESTION 3:Describe supplier selection and evaluation process. QUESTION 4:What are the differences between local and global sourcing? Explain also in which situations either of the options are preferable. QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations? QUESTION 6:Explain the purpose, methods and the outcome of good customer service process. Your answer must be at least 1-2 pages.The process of monitoring activities,measuring performance, comparingresults to objectives, and makingmodifications and corrections whenneeded.(c) Use sensitivity analysis to determine how much the production and/or shipping cost per unit (in dollars per unit) would have to change to produce additional units of the PT-100 in the Philippines plant. It would have to decrease by more than $ per unit. (d) Use sensitivity analysis to determine how much the production and/or shipping cost per unit (in dollars per unit) would have to change to produce additional units of the PT-200 in the Mexico plant. It would have to decrease by more than $ per unit.