WEEK 8 Course outcome in focus: · Describe supplier selection, evaluation, supply research opportunities, and future trends. · Explain the legal and ethics considerations in purchasing and supply management.
Activities:
Readings: · Chapter 12: Supplier Selection · Chapter 13: Supplier Evaluation and Supplier Relations
Supporting Topics: Lecture 1 Topics: · The supplier selection decision · Identifying potential sources · Additional supplier selection decisions · Supplier development/reverse marketing · Evaluating potential sources · Ranking potential suppliers | Lecture 2 Topics: · Measuring supplier performance · Evaluating methods · Supplier ranking · Supplier relations · Partnerships · Strategic alliances |
Lectures/Discussions: - Lecture on the supplier selection decision, identifying potential sources, additional supplier selection decisions, supplier development/reverse marketing, evaluating potential sources, and ranking potential suppliers.
· Discussion 1: Supplier Selection. Students will respond to the following:
o From your perspective, list and then explain the top three (3) criteria for selecting a food supplier for a hamburger restaurant in your state. o Use the Identification of Potential Sources a New Need/Requirement model in Chapter 12 and select a food supplier for ten (10) hamburger restaurants of your choice in your state. Describe and give reasons in your own words to. o “Can We Make In-House?” o “Can a Current Supplier Meet?” o “Can We Use Supplier Development to Create Supplier?”
· Lecture on measuring supplier performance, evaluating methods, supplier ranking, supplier relations, partnerships, and strategic alliances.
· Discussion 2: Suppliers. Students will respond to the following:
o Discuss three (3) legal and three (3) ethical considerations that you deem most important to your company or organization when forming a strategic alliance with a supplier. o Explain which one (1) of the evaluation methods in Chapter 13 is most appropriate to use by a small business. State your rationale. o Describe the strategic technology-based alliances of Amazon or Dell Computer eStore, and describe the competitive advantage to both and/or multiple businesses of the alliance. · Week 8 Quiz Students are to take the Week 8 quiz that covers the materials in Chapters 10 and 11. The quiz is located in the course shell under the Week 8 tab. This is an open book, timed quiz that can only be taken once with a time limit of two hours. The quiz consists of twenty multiple-choice questions with each question worth 6 points of a total of 120 points for this quiz. Online students are to complete the quiz by Monday 9:00 a.m. On-ground students are to complete this quiz before the Week 8 class meeting.
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