Which purchasing strategy is described as increasing procurement leverage by reducing the total number of suppliers while also continuing to minimize risk
Answers
A purchasing strategy that is described as increasing procurement leverage by reducing the total number of suppliers while also continuing to minimize risk is known as supplier consolidation.
Supplier consolidation is a strategic procurement technique that involves reducing the number of suppliers by replacing them with a few, strategic suppliers who can meet the majority of a company's requirements. By working with fewer suppliers, a company can cut the time and money it spends on supplier management, such as supplier qualification, supplier monitoring, and supplier reviews.
Benefits of supplier consolidation
Reduced risk: In comparison to dealing with numerous suppliers, having fewer suppliers results in a lower risk of non-compliance, fraud, and other supplier-related hazards.
Cost savings: Consolidating suppliers often results in reduced supply prices, reduced procurement costs, and decreased total cost of ownership.
Improved relationship management: Having a smaller supplier base allows for closer cooperation and more effective relationships with strategic suppliers. It allows for increased efficiency in communication, fewer miscommunications, and better responsiveness to changes in the supply chain.
Scalability and agility: Fewer suppliers enable the supply chain to be more flexible and adaptable to changes in demand or supply. For example, in the event of a disruption, consolidating suppliers can make it easier to respond promptly and effectively because fewer supplier relationships need to be managed.
In conclusion, supplier consolidation is a procurement strategy that can enhance leverage by reducing the total number of suppliers while also minimizing risk.
Learn more about purchasing strategy
https://brainly.com/question/31588508
#SPJ11
Related Questions
What is his middle name??(ps it's not answered).
Answers
Answer: um I don’t know who you want for a middle name but are you talking about “Jonathan Charles Peters Johnson” I guess that what you want
Explanation: Hope this help ;)
Answer:
juan
Explanation:
Wilson's accountant classifies all expenditures as capital expenditures. as a result, net income will be:________
Answers
Net income will be lower than if expenditures were properly classified as capital or operating expenditures.
Capital expenditures are those that are expected to provide benefits to a company beyond the current accounting period, while operating expenditures are those that are incurred for the day-to-day operations of the company.
By classifying all expenditures as capital expenditures, Wilson's accountant is treating all expenses as investments in the long-term growth of the company. This will result in a lower net income for the current period, as these expenses will be depreciated over time rather than being fully expensed in the current period.
Additionally, it may lead to inaccurate financial statements and potentially misleading information for stakeholders. Properly classifying expenses is important for accurately representing a company's financial performance and making informed business decisions.
For more questions like Income click the link below:
https://brainly.com/question/14732695
#SPJ11
An individual invested $1,000 in a bond with a coupon payment of $12. the price of the bond increased to $1,400. what is the rate of return on this bond?
Answers
The answer is 41.2%
Rate of Return = (coupon income +price change) / investment
ROR = ($12+$400)/$1,000 = .412 or 41.2%
In the world of finance, a bond is a kind of security where the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to repay the principal (i.e., amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a certain amount of time.
Semiannually, annually, and less frequently at other times, the interest is typically due at set intervals. Consequently, a bond is a type of borrowing or IOU. Bonds give the borrower access to external capital for financing current expenses or, in the case of government bonds, long-term investments.
To know more about bond
https://brainly.com/question/25965295
#SPJ4
when the supreme court judges vote unanimously on a case, this usually indicates a _____ model of decision-making.
Answers
Hope this answers your question
4. Noah paid all of his bills and put a bit of money in savings for the month. He has a little bit of money left-over to spend on going shopping or going out with friends. This left over
money is also known as:
gross pay
disposable income
Insurance
debt
Answers
Answer:
Disposable Income
Explanation:
dis·pos·a·ble in·come
/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/
Learn to pronounce
noun
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
"the rents of tenants in work reached 21 percent of disposable income"
Answer:
the answer is disposable income
Explanation:
Any four point benefits of reuse?
Answers
Prevents pollution caused by reducing the need to harvest new raw materials.
Saves energy.
Reduces greenhouse gas emissions that contribute to global climate change.
Helps sustain the environment for future generations.
Hope it helps!
Answer:
The four benefits of reuse are
we can use the same things again.
we can conserve environment.
we can balance eco-system.
we can be away from pollution.
Read this excerpt describing the mission of the World Bank.
The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.
It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.
According to this excerpt, what is one major way in which the World Bank differs from a regular bank?
The World Bank is a source of financial assistance.
The World Bank aims to improve living standards.
The World Bank provides low-interest loans and credit.
The World Bank serves people of different income levels.
Answers
Answer:
The World Bank is a source of financial assistance.
Explanation:
The World Bank serves people of different income levels but regular banks do that.
The World Bank aims to improve living standards, no because it is more for hep developing countries.
The World Bank provides low-interest loans and credit but there is a better answer.
The World Bank is a source of financial assistance because it help developing countries and has easier loans and credit
The World Bank aims to improve living standards.
What is the role of the World Bank in globalization?The WBG supports developing countries through the development of trade policy to deepen their integration into regional and global economies and increase trade performance while facilitating trade through streamlined border management and more efficient logistics
What are the important global roles that World Bank plays?The World Bank concentrates on long-term investment projects, institution-building, and on social, environmental, and poverty issues. The IMF focuses on the functioning of the international monetary system, and on promoting sound macroeconomic policies as a precondition for sustained economic growth.
Learn more about the World Bank here https://brainly.com/question/9882243
#SPJ2
Mike Morgan, a sales representative for a major food service distributor of General Mill Warm Delights, wanted to encourage repeat purchases by his grocery customers. In order to accomplish this objective, Morgan offered the following discounts to his customers: a 10 percent discount for buying 1-49 cases of Warm Delights within a calendar month; the discount increases to 12 percent if 50-99 cases of Warm Delights are purchased within the same calendar month; and the discount increases to 15 percent if 100 or more cases of Warm Delights are purchased within the same calendar month. What type of discount was Morgan offering his grocery customers
Answers
Answer:
A quantity discount
Explanation:
A quantity discount analyses
This is often regarded as a technique used to examine the gradual growth change in cost between quantities all amidst or within a supplier's price quotation.
Its characteristics
1. This simply allows buyer to verify that quantity discounts are reasonable and also buyer may be able to negotiate price improvements
2. Buyer may be able to negotiate price improvements
Quantity Discount
This is simply a token or an incentive offered to a buyer that brings about in a decline in cost per unit of goods or materials when purchased in greater numbers. It is a marketing strategies used by sellers. It is offered by sellers to entice buyers to purchase in larger quantities.
Your credit card agreement quotes an interest rate of 22 percent APR. Monthly payments are required. What is the actual interest rate you pay on your credit card? A. 10.18% B. 22.40% C. 12.43% D. 24.20% 42. Suppose you invest $500 in a savings account that pays 8 percent interest per year. How much will you have in one year? A. $510 B. $450 C. $540 D. $580 43. Suppose that the cost of capital for Company A is 16 percent. Company A's cash flow is $800 every year forever, and because A has no debt, the appropriate discount rate is RU=16%. Calculate the value of the unlevered firm. A. $3,000 B. $6,000 C. $2,000 D. $5,000 47. Assume that Company A wants to borrow $500,000 by issuing 10010 -year, $5,000 bonds. The interest rate required for similar bonds from similar corporations is 10 percent. What's the face value of these bonds? A. $1,500 B. $5,000 C. $5,500 D. $5,600 50. A firm has an accounts receivable balance of $24,571 at the end of 2019 , and $18,734 at the end of 2021 . Which of the following statements about accounts receivable is correct? A. Accounts receivable increased by $43,305 and represented a use of cash. B. Accounts receivable decreased by $5,837 and represented a source of cash. C. Accounts receivable decreased by $43,305 and represented a source of cash. D. Accounts receivable increased by $5,837 and represented a use of cash.
Answers
The answers to the multiple-choice questions are as follows:
The actual interest rate you pay on your credit card is D) 24.20%.
The amount you will have in one year from a $500 investment at 8% interest per year is C) $540.
The face value of the bonds issued by Company A is B) $5,000.
The correct statement about accounts receivable is B) Accounts receivable decreased by $5,837 and represented a source of cash.
Learn more about actual interest here:
https://brainly.com/question/33458653
#SPJ11
when answering incoming calls, what is the first thing the caller should hear
Answers
When answering incoming calls, the caller should be welcomed immediately and courteously.
The right response when responding to incoming callsWhen taking incoming calls, the caller should be greeted warmly and professionally right away. The salutation should begin with the firm or organization's name and a warm welcome.
You may quickly set a good tone and let the caller know they have reached the proper location by extending a clear and polite greeting. It prepares the ground for a polished and beneficial discourse. In order to make the caller feel important and attended to, it's also crucial to talk clearly and confidently.
Learn more on responding to call here: https://brainly.com/question/10370847
#SPJ1
All of the following are reasons to attend a vocational school except.
O A. It takes less time than earning a bachelor's degree.
O B. It is cost-effective.
C. Most credits are transferable to four-year colleges.
D. You work with experienced instructors.
Answers
Answer:
C. Most credits are transferable to four-year colleges.
Explanation:
Vocational schools offer training on courses that focus on skills required to undertake a particular trade or job function. In vocational training, students are prepared for specific carriers. All other unrelated subjects are disregarded. Due to this and other facts, vocational school training takes less time to complete, is less expensive, and the instructors are specialized.
One cannot transfer credits from vocation training to college. The two institutions offer varied programs that take follow diverse paths, and take different times to complete.
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answers
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
Outline the Health Insurance Marketplace® efficiency,...
Outline the Health Insurance Marketplace® efficiency, effectiveness, cost, and access to diverse and vulnerable populations.
Discuss the benefits and consequences of the ACA Medicaid expansion.
Describe the basic components and requirements of the Medicare Program, including the differences between Medicare Part A, Part B, Part C, and Part D
Answers
The Health Insurance Marketplace® (also known as the Health Insurance Exchange) is designed to provide individuals and small businesses with a platform to compare and purchase health insurance plans.
Here is an outline of its efficiency, effectiveness, cost, and access to diverse and vulnerable populations: Efficiency: The Marketplace aims to streamline the process of obtaining health insurance by creating a centralized platform for consumers to compare plans and apply for coverage. It eliminates the need for individuals to navigate multiple insurance providers individually.
Effectiveness: The Marketplace increases access to health insurance options for individuals and small businesses. It provides a transparent marketplace where consumers can easily compare plans based on coverage, costs, and other factors, enabling them to make informed decisions.
Cost: The Marketplace offers a range of health insurance plans with different costs and coverage levels. It promotes competition among insurance providers, which can lead to more affordable options for consumers.
Access to diverse and vulnerable populations: The Marketplace helps improve access to health insurance for diverse and vulnerable populations, including low-income individuals, minorities, and those with pre-existing conditions. It offers subsidies and financial assistance to make coverage more affordable for those who qualify.
The benefits and consequences of the ACA Medicaid expansion:
Benefits: Increased access to healthcare: The Medicaid expansion extends coverage to millions of low-income adults who were previously ineligible for Medicaid.
Improved health outcomes: With access to healthcare services, individuals can receive necessary preventive care and timely treatment, leading to better health outcomes.
Economic stimulus: The expansion injects federal funds into states, creating jobs and stimulating the economy.
Reduced uncompensated care: By expanding Medicaid, more individuals have coverage, reducing the burden of uncompensated care on healthcare providers and hospitals.
Consequences:
Financial strain on states: While the federal government initially covers the majority of the costs, states are required to contribute a percentage of the funding over time. This can pose financial challenges for some states.
Political controversy: The Medicaid expansion has been a subject of political debate, with some states choosing not to expand Medicaid due to ideological or financial reasons.
Potential strain on healthcare resources: The influx of newly insured individuals through the expansion may strain healthcare resources, especially in areas with existing provider shortages.
Basic components and requirements of the Medicare Program:
Medicare Part A: Provides hospital insurance coverage and covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home healthcare services. Most individuals do not have to pay a premium for Part A if they or their spouse have paid Medicare taxes while working.
Medicare Part B: Provides medical insurance coverage and covers outpatient care, doctor's visits, preventive services, and medically necessary services. Part B requires individuals to pay a monthly premium based on their income.
Medicare Part C (Medicare Advantage): Offers an alternative to Original Medicare by allowing private insurance companies to provide Medicare benefits. Medicare Advantage plans often include Part A, Part B, and sometimes Part D coverage.
Medicare Part D: Provides prescription drug coverage to help individuals with the cost of prescription medications. Part D plans are offered by private insurance companies and require individuals to pay a monthly premium.
These components work together to provide comprehensive healthcare coverage to eligible individuals aged 65 and older or those with certain disabilities.
Learn more about Insurance here
https://brainly.com/question/25855858
#SPJ11
7.5 Request Refusal: I'm Flattered, But I Can't Speak to Your Club (L.o.1-4) As an assistant to Pamela Eyring, you must help her refuse an invitation to speak at Wysocki College in Boston. The business associa- tions on campus pooled their resources and decided to invite Ms. Eyring to give a talk on campus about the importance of soft skills A sought-after TV commentator and media personality, Ms. Eyring owns The Protocol School of Washington, a training center for eti- quette consultants and protocol officers. For over two decades, she was chief of protocol at a prominent military base. Since acquiring The Protocol School of Washington, she has established herself as a frequent contributor to Reuters, The Wall Street Journal, The New York Times, Forbes, Entrepreneur, and other important publications. An authority on business etiquette, she is often featured on radio and TV programs such as the Today Show,CNN, and ABC Radio Network. A member of several business and professional associations, Ms. Eyring receives many invitations to speak as an authority on business etiquette and as an award-winning entrepreneur and leader Ms. Eyring likes to speak to young students, mostly pro bono or for a nominal fee, but during the spring semester she is too busy with starting her new location in Dubai, United Arab Emirates, with organizing a meeting of the Women Presidents Organization, and with writing a book on dining like a diplomat. Ms. Eyring might be able to deliver her presentation some other time, or she could send Robert Hickey, her deputy director and senior trainer. YOUR TASK. In Ms. Eyring's name, refuse the invitation but suggest an alternative. Send your letter to Chelsea Landry, Associated Students, Wysocki College, 246 Bay State Road, Boston, MA 02215
Answers
[Your Address]
[City, State, ZIP]
[Date]
Chelsea Landry
Associated Students
Wysocki College
246 Bay State Road
Boston, MA 02215
Dear Ms. Landry,
I am honored by your invitation to speak at Wysocki College in Boston on the importance of soft skills. It is always a pleasure to address young students and share my experiences as a TV commentator, media personality, and owner of The Protocol School of Washington.
Unfortunately, I must regretfully decline your invitation for the spring semester. My schedule is filled with commitments, such as starting a new location in Dubai, organizing a meeting for the Women Presidents Organization, and writing a book on dining like a diplomat. These responsibilities make it impossible for me to allocate the time required to prepare and deliver a presentation during the requested time frame.
However, I would like to propose an alternative solution. Robert Hickey, my deputy director and senior trainer at The Protocol School of Washington, is highly knowledgeable and experienced in the field of business etiquette. He would be an excellent substitute for me and could deliver an engaging and informative presentation for your event.
If my schedule permits, I would be open to the possibility of speaking at Wysocki College at a later date. I appreciate your understanding and hope that we can collaborate in the future. Thank you once again for your kind invitation.
Sincerely,
Pamela Eyring
Learn More about Associated Students here :-
https://brainly.com/question/15222743
#SPJ11
lolLloleoreniiwkv ibyuerw
Answers
define ecommerce in business with example
Answers
Answer:
See below
Explanation:
eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.
An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUIn a large open economy, what is the source of the demand for loanable funds?.
Answers
In a large open economy, the source of the demand for loanable funds comes from domestic investment and net capital outflow.
What is an Open economyAn open economy refers to a type of economy where not only domestic factors but also entities in other countries participate in trade of goods and services.
Trade in an open economy can be in the form of managerial exchange, technology transfers, and all kinds of goods and services.
Learn.more about an open economy at https://brainly.com/question/23160076
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. True or False. This provides a fair estimate of the strength of the association between alcohol consumption and skin cancer. True False
Answers
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. False
In this case, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63. But it is not completely appropriate to conclude that this correlation provides a fair estimate of the strength of the association between alcohol consumption and skin cancer because the correlation coefficient only provides information on the strength and direction of the association between the two variables. It does not indicate the causation of the relationship.
Therefore, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. Hence, we can say that the correlation coefficient provides a fair estimate of the strength of the association between alcohol consumption and skin cancer is False. Therefore, the correct answer is False.
In a nutshell, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. So, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63, which does not provide a fair estimate of the strength of the association between alcohol consumption and skin cancer.
To know more about per capita, visit:
https://brainly.com/question/31650362
#SPJ11
How do you make a resume for getting a job?
Answers
Answer:
on docs there's a template and you just fill in and do what u need to do on the template
Explanation:
A Web site's Terms of Use grants the Web site the right to do what?
0
use your personal information in its advertisements
O sell its users' personal information to third parties for them to market to specific customers
O use its users' posts and photographs to gather information about its consumers
o both the first and third answers
Answers
it might be d because b isnt correct and the A and c are correct so im thinking therfor the answer is d
Answer:
both the first and third answers
Explanation:
I tried answering "use its users' posts and photographs to gather information about its consumers" and it was wrong, and then I retook the quiz and answered "sell its users' personal information to third parties for them to market to specific customers" and it was wrong. I know they can sell your information to make targeted ads, so it must be the answer that says "both the first and third answers".
Create a perfume overview. The brand name is Kelly.
Answers
One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answers
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
Which of the following is the name of a well known market failure wherein an unregulated resource becomes inevitably over exploited?
1 The Tragedy of the Commons
2 The Greed of Nations
3 The Invisible Hand
4 Free Rider Overload
Answers
The Tragedy of the Commons is the name of a well-known market failure wherein an unregulated resource becomes inevitably over exploited.
The Tragedy of the Commons is an economic concept that describes how people often use common resources in an inefficient manner. It's a situation in which a commonly owned resource, such as land, air, or water, is exploited at an unsustainable rate because individuals acting in their own self-interest consume more than their fair share.The Tragedy of the Commons is a classic example of the problems that arise when individuals pursue their self-interests without regard for the common good. According to the concept, if all individuals act in their self-interest and use a common resource as much as possible, the resource will eventually become exhausted and everyone will suffer the consequences.
To know more about resource visit:
https://brainly.com/question/32937458
#SPJ11
inventory turnover measures the length of time is takes to acquire, sell and replace the inventory. true false
Answers
"Inventory turnover measures the length of time is takes to acquire, sell and replace the inventory" is true. Inventory turnover measures the number of times inventory is sold and replaced over a certain period of time, indicating how efficiently a company is managing its inventory. The length of time it takes to acquire, sell, and replace the inventory is a key component of this measure.
Inventory turnover is the rate that inventory stock is sold, or used, and replaced. The inventory turnover ratio is calculated by dividing the cost of goods by average inventory for the same period. Successful companies usually have several inventory turnovers per year, but it varies by industry and product category. For example, consumer packaged goods (CPG) usually have high turnover, while very high-end luxury goods, such as luxury handbags, typically see few units sold per year and long production times.
To learn more about "Inventory turnover" visit: https://brainly.com/question/12942515
#SPJ11
Which of the following qualities (Work Ethic, Integrity, Self Direction, Reliability, Commitment, and Self Representation) do you see Mr. Washington portraying here, and how is he portraying them? Hint: He portrays all of the qualities. Make sure you write about at least 3 out of the 6 above.
Answers
The qualities that Mr. Washington portrayed are :
Ethic Integrity Self Direction Reliability Commitment Self RepresentationWhat are the qualities that Mr. Washington?Mr. Washington can be described as a man of the people that always want the goodness of those around him.
He can be described as been polite with dignity, because he always protect his name from being spoilt.
He is a man of Integrity because , he always handle things of the government with all honesty, he has the quality of being honest and having strong moral principles.
Another quality is commitment because, he has the quality of being dedicated to the things of the public.
Learn more about Mr. Washington at;
https://brainly.com/question/17314468
#SPJ1
whos down to run away with me?
Answers
Which is considered part of a person’s income for the year?
Answers
Answer:
Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.
Explanation:
Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation: