Podcast
Questions and Answers
Explain what is meant by postponement in supply chain management.
Explain what is meant by postponement in supply chain management.
Storing product in a generic state and then applying custom labels or packaging before shipping.
Define the concept of Product Life Cycle (PLC) and explain its significance.
Define the concept of Product Life Cycle (PLC) and explain its significance.
PLC states that products and services evolve through different stages, each requiring specific management techniques.
What are companies in the primary sector primarily engaged in?
What are companies in the primary sector primarily engaged in?
Extraction of raw materials or products from the earth like farming, fishing, quarrying, mining, or drilling.
Explain what Proof of Delivery (POD) is and why it is important in logistics.
Explain what Proof of Delivery (POD) is and why it is important in logistics.
What does Purchasing 'Rights' entail in supply chain management?
What does Purchasing 'Rights' entail in supply chain management?
Describe the Purchasing cycle in supply chain management.
Describe the Purchasing cycle in supply chain management.
What are the main elements of the unit discussed in the text?
What are the main elements of the unit discussed in the text?
What is the advice given to tutors and students regarding the unit?
What is the advice given to tutors and students regarding the unit?
What are the learning outcomes after studying 'The Roles of Sourcing and Procurement' element?
What are the learning outcomes after studying 'The Roles of Sourcing and Procurement' element?
What does the section on 'Sourcing and the Supply Chain' examine?
What does the section on 'Sourcing and the Supply Chain' examine?
What is the purpose of comparing sourcing and procurement in the text?
What is the purpose of comparing sourcing and procurement in the text?
What is the minimum requirement for VMC to break even in the final period of the year?
What is the minimum requirement for VMC to break even in the final period of the year?
What percentage of profits does VMC need to achieve next year?
What percentage of profits does VMC need to achieve next year?
By how much does VMC need to increase sales next year?
By how much does VMC need to increase sales next year?
What was the main directive given to the purchasing manager by the MD in the survival effort?
What was the main directive given to the purchasing manager by the MD in the survival effort?
How many suppliers are in VMC's supplier base?
How many suppliers are in VMC's supplier base?
How many suppliers does VMC typically have for each item they source competitively?
How many suppliers does VMC typically have for each item they source competitively?
