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3 years ago

Discuss the advantages and disadvantages of an optimized supply base. How can a buyer overcome the disadvantages?

1 answer:

7 0

Rationalization, a strategic initiative as well as methods to first decrease static or restricted-use providers begins to enable sustainable supply baseline optimization, which is termed as Supply base optimization.

Some advantages of an Optimized supply base are provided below:

Cost efficiency.
Enhance output.
Better Collaboration.
Identify problem areas with ease.
Prevention of delays.

Some advantages of an Optimized supply base are provided below:

Lack of Reliability.
Complicated.
Co-ordination vacuum between organizations.
Trained and personalized personnel are required.
Cost of execution.

A buyer can overcome the disadvantages by the following point:

Your Emergency Strategy is referred to.
Creating open communication channels.
Ensure the level of customer satisfaction.

Learn more about optimized supply base here:

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3 years ago

What are requirements managers responsible for providing?

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The Work in Process Inventory account of a manufacturing company has a $3,550 debit balance. The company applies overhead using

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$1,070

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2 years ago

A pharmaceutical company with headquarters in India sells fluconazole, the generic version of Pfizer's anti-fungal drug Diflucan

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Pricing strategy to stay competitive

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2 years ago

The balance in the prepaid insurance account before adjustment at the end of the year is $27,000. Journalize the adjusting entry

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Answer:

(A) Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

Explanation:

Prepaid insurance account before adjustment = $27,000

(A) the amount of insurance expired during the year is $20,250

To account for the expired amount,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) the amount of unexpired insurance applicable to future periods is $6,750

Amount expired = $27,000 - $6,750

= $20,250

To account for the expired amount such that the amount of unexpired insurance applicable to future periods is $6,750,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

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