questions 1 through 3 .A buyer looks favorably on competitive bids from supplier
ID: 397598 • Letter: Q
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questions 1 through 3
.A buyer looks favorably on competitive bids from suppliers that purchase the buyer's products This area requires an executive management policy because disagreement occurs regarding this topic. Reciprocity is relatively easy to control once management issues a policy on the subject. Good Practice Example Best Practices in Diverse Supplier Development The research on minority supplier development conducted by the Supply Chain Resource Cooperative (http//scrc.ncsu.edu) found that leadership was one of the critical success factors differentiating suc cessful from unsuccessful diverse supplier programs. Leadership support of diversity goals involv establishing specific strategic objectives and performance goals that ensure that the initiative is taken seriously. Leaders lead by example, and this applies to diversity goals as well. A number of best prac tices, identified through interviews with executives, are listed below. In each case, the company en- sured that senior executives were motivated to include diverse suppliers in their sourcing decisions that efforts were used to promote the policy across business functions. Consider the following: .An executive diversity council was instituted in one company to review and guide the supplier diversity program. This council ensured that top management were involved and participated in the program. One of the pharmaceutical health care companies cited an example where the CFO took the lead as the program cham pion, with active sponsorship of the CEO. This sent a message to the organization that the leadership team was serious about diversity The CEO and other higher-ranking officers should demonstrate personal commit ment to the supplier diversity program through participating in SDP events, meet ing with the diversity council members and with minority suppliers, and spreading success stories and personal commitment through formal communication with the organization. . . Supplier diversity goals should be included in executive performance plans. In one of the leading aerospace companies, implementing the plan has resulted in active executive leadership at the top and has triggered initiatives such as outreach events, support of advocacy groups, and travel around the country to find suppli- ers and make investments to help promote diverse suppliers. Performance reviews of managers involved in buying activities in various depart ments in the organization should include supplier diversity program goals. Devel- oping the supplier diversity program should not be thought of as a responsibility of the procurement department or the supplier diversity advocates, but should be the responsibility of all buyers in the organization. In view of the fact that every industry is unique and has its own challenges and opportunities the best practices identified in the SCRC report may need to be synthesized as is appropriate on a case-by-case basis. The research points to the fact that supplier development is the weakest link in most companies' supplier diversity programs. Supply managers need to dedicate more time and resources toward helping minority suppliers grow and become more capable of serving the needs of the customers. It is also essential to form a critical mass with competitors and suppliers to support the supplier development efforts. The new mantra is quickly becoming Help your partners to serve you better. Questions 1. Why do you believe supply management leaders are not inherently motivated to pursue mi nority suppliers unless such measures are taken?Explanation / Answer
1- Minority suppliers are usually not preferred by leaders as minority suppliers are assumed to be providing less or inferior quality products. They are also looked through incapability of delivering a required capacity by the supply management leaders.
If any specific measurement is not taken for a minority supplier then the overall availability of risk including possibility of non supplement of the required capacity as well as inferior quality products are expected.
These are the specific factors responsible with which usually supply management leaders does not inherently motivated to pursue minority suppliers unless such measures are taken.
2 -For implementing diversity in the supply chain overall availability of looking into suppliers on the basis of sustainability as well as implementation of impact on the society by using proper supply chain should be assessed by the managers. Buy improvising supply chain directly affecting local labour an assessment of the effect of specific operation capabilities in other supplier or distributor relationship can also be measured by CEO and other higher authorities in organisation.Implementation of sustainability in supply chain helps an organisation to maintain high quality standard in Operation as well as to improve the efficiency and productivity. This type of approach provides better management of resources as well as shows ethical responsibility of the company in the operative manner. Implementing sustainability in the supply chain also decreases the overall cost involved in Operation which benefits the company by less and the cost involved in supply chain operation and increasing the productivity of the specific supply chain.
All of the approaches involving supply chain management sustainability provides better identity of the specific brand in the operative market segment. Definitely degree of implementation of supply chain management integration helps to maintain sustainability of the supply chain.
For proper implementation of sustainability in the supply chain management, looking into a different factors which could be turned into more sustainable resources as well as using electronically implemented less waste generation as well as efficiency improving system would be the most appropriate way of applying sustainability into the supply chain management system. All of these approaches would reduce the waste generated by the supply chain increasing the sustainability of the specific supply chain management system as well as to provide better support to the overall organisational structure of the company and maintaining competitive advantage by moving ahead in cost operations.
As it would affect in reduction of the overall cost involved in operation, availability of other opportunities such as getting better link with the different part of the supply chain improving its efficiency as well as productivity.
3- Definitely buying from minorities provide an extensive support to the overall structure of the society making the company more ethical as well as providing it a proper brand identity increasing its availability of operative opportunities. As minorities are also major part of the total market, 3 on the list with companies willing to get their product cost from the minority supply chain can anybody Organisation in creation of a strong brand identity while maintaining better ethical standards inauguration as well as to create a strong hold on the society involving specific suppliers.
Being on the list also provides distinctive identity and place is the company as an ethical service provider maintaining its positive brand image in the operative market.
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