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2 years ago

Is the end-to-end process of managing a supplier through the entire sourcing life cycle?

Business

1 answer:

dalvyx [7]2 years ago

5 0

The answer is the Supplier Relationship Management.

Supplier relationship management (SRM is a methodical way to analyzing suppliers that supply an organization with goods, materials, and services, establishing each supplier's contribution to success, and devising plans to enhance their performance.

The SRM discipline aids in determining the value that each supplier delivers and which ones are most important to company continuity and performance. It also helps managers to establish stronger connections with suppliers depending on the significance of each source.

Therefore, the answer is supplier relationship management.

To know more about supplier relationship management click here:

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EB10.

mafiozo [28]

Answer:

The question is incomplete; the complete question is given below.

Cost Pool Cost Driver Estimated Cost Driver Estimated Overheads

Material Material requisition 250,000.00 $105,000.00

Machining Machine hours 360, 750 $432,900.00

Inspection Number of inspections 25,000.00 $15,750.00

Answer:

Overhead rate per activity :Material- $0.42, Machining-$1.2, Inspection-$6.3

Explanation:

Activity-based costing aims to achieve better product pricing than traditional absorption cost by charging overheads to the product cost more accurately.

Activity-based costing uses cost drivers to charge overheads to cost unit as against the use of of volume-based bases like labour hours, machine hours. Overheads are first traced to the activities responsible for them- the sum is called cost pool. Cost pools are then absorbed into the cost unit using cost driver rates

Cost pool- the sum of the total overheads associated with an activity. E.g $105,000 material requisition overheads.

Cost driver: A factor that causes a change in the cost pool. E.g

250,000 material requisitions.

Cost per driver: A specific overhead absorption rate computed for an activity. It is calculated as follows:

Cost per driver = Estimated activity overheads/Total number of cost drivers

The predetermined overhead rate for each activity is calculated as follow;

Material requisition= $105,000/250,000 requisitions= $0.42 per requisition

Machining = $432,900/360,750 machine hours = $1.2 per machine hour

Inspection= $15,750/ 25,000 inspections = $6.3 per inspection

8 0

4 years ago

In which document can the project manager (pm) find guidance for implementing earned value management (evm) contract management

Hoochie [10]

Guidance for implementing earned value management contract can be obtained from EARNED VALUE MANAGEMENT IMPLEMENTATION GUIDE.
Earned value management is a project management method for quantifying project performance.

8 0

3 years ago

In a _______ organization lower-level managers are empowered to make decisions which can ________ motivation and job satisfactio

cupoosta [38]

Answer:

The correct answer is B

Explanation:

Decentralized is the process in which the power, functions are distributed or dispersed from the central location or authority to the lower level of the management.

So, in a organization or company which is decentralized where lower level managers are empowered for taking a decision leads to increase in the motivation as well as the job satisfaction of the employees.

3 0

3 years ago

81. After the secondary guaranteed rate expires, some contracts contain a bailout

igor_vitrenko [27]

75% is the best answer

3 0

4 years ago

Recognition of normal balances The following items appeared in the accounting records of the Tape Box, a retail music store that

WINSTONCH [101]

Answer:

a. The DVDs, CDs, albums, and video games held for sale to customers.

Classification: Assets

b. A long-term loan owed to Citizens Bank.

Classification: Liability

c. Promotional costs to publicize a concert.

Classification: Expense

d. Daily sales of merchandise sold

Classification: Revenue

e. Amounts due from customers

Classification: Asset

f. Land held as an investment

Classification: Asset

g. A new computer purchased for office use.

Classification: Expense

h. Amounts to be paid in 10 days to suppliers

Classification: Liability

i. Amounts paid to property owner for rent.

Classification: Expense

4 0

3 years ago