58. A supply manager recently sent out an RFP for a gold-plated brass threaded r

Question

58. A supply manager recently sent out an RFP for a gold-plated brass threaded rod. The rod is not unusual except for the overall length; 18cm long, and the requirement for 18K gold plating to a thickness of 10 microns (.0001). Of the 10 responses received, all were similar in quality requirements and pricing criteria. Which of the following would be the BEST procedure to determine the most qualified potential supplier(s)? Jtilise price benchmarks 1. O U 2. O Check supplier's references 3. Develop a supplier ranking tool 4. Consider the quality implications 59. In manufacturing organisations, the dollars spent with suppliers falls into what range as a percentage of revenue? 1 . 65-70 2. 50 80 3. 45 75 4. 30-60 5. 25-35

Explanation / Answer

59. Many Empirical data reveals that manufacturing organizations spend 50-80 percent of revenues with suppliers while service organizations spend only 25-35 percent. This is because manufacturers must have to buy inputs in order to transform them into tangible outputs, and another reason is that manufacturers are highly capital-intensive rather than labour-intensive. On the other hand Service organizations spend less as a percent of revenue because they are more labour intensive and therefore spend more on labour (employees).

Hence the option 2 is the correct answer

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.