StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

PQI Management of Suppliers - Article Example

Cite this document
Summary
These suppliers had to be strong technologically. More so, they should have been in the market for a long time with strong customer base. Tier 2 suppliers who were to supply PQI goods in the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
PQI Management of Suppliers
Read Text Preview

Extract of sample "PQI Management of Suppliers"

PQI Management of Suppliers Analyze how PQI ifies its suppliers. What transaction cost-sand hazards are associated with each type?Tier 1 suppliers were global, with the capability to supply goods internationally. These suppliers had to be strong technologically. More so, they should have been in the market for a long time with strong customer base. Tier 2 suppliers who were to supply PQI goods in the region such as Asia. Lastly, Tier 3 suppliers were local suppliers whose goods were designed by their customers.

2- Analyze and comment on the biannual score sheets for the three suppliers in Exhibit 4. Based on the score sheets, what kind of action is recommended?Tier 1 suppliers had great technical ability and production capacity in relation to the needs of PQI Company. PQI should continue working with Tier 1 suppliers to supply its products globally. Therefore, Tier 1 suppliers should maintain the relationship with PQI. Tier 2 suppliers have the capability to maintain stable supply in the region. It also has strong technical support, and production management ability.

Due to this, PQI should continue working with Tier 2 to supply its products in the region. Tier 3 suppliers have low competitive prices, and less ability to produce quality products. PQI should issue warning to Tier 3 suppliers. If the numbers of local customers continue to reduce, PQI should cease working with Tier 3 suppliers and pursue new suppliers. 3- Should PQI share its assessment results with its suppliers? How would doing so impact its management of suppliers and its relationships with them?

It should share the assessment results because this will enable the suppliers to realize their weakness and improve. This will also enable PQI to keep close relationship with all the suppliers because it wants to take advantage of any technology that might arise. Further, it will be able to minimize on production costs. For instance, maintaining close working relationship with Tier 3 implied that production of die products by a skilled company would play a vital role in assisting PQI to bring new products to the market at a low production cost.

4- The purchasing manager has narrowed its choice of potential supplier for the rush order from the new customer to A, B, and C. If you were Wang, which supplier would you recommend that the purchasing manager place the order with? Explain why. Wang should recommend Supplier C. Supplier C have the capability to guarantee against damage, quick response to bad quality and the ability to venture into new product development. Work CitedShannon, Anderson, O’Connor, Neale and Wu, Anne. PQI: Management of Suppliers.

Asia Case Research Centre, 2011. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“PQI Management of Suppliers Article Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/management/1605763-pqi-management-of-suppliers
(PQI Management of Suppliers Article Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/management/1605763-pqi-management-of-suppliers.
“PQI Management of Suppliers Article Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1605763-pqi-management-of-suppliers.
  • Cited: 0 times

CHECK THESE SAMPLES OF PQI Management of Suppliers

Business Decision Making at Lambert Heating

The goal of the study "Business Decision Making at Lambert Heating" is to summarize the most effective existing investment evaluation and project management techniques.... Moreover, the writer applies the described theory by analyzing the case of Lambert Heating.... hellip; Capital expenditure decisions are one of the most important decisions that firms make....
14 Pages (3500 words) Case Study

Enterprise Systems Assessment

This scenario has given Argos procurement division a chance to integrate operational procurement with their existing supply chain management solution.... This scenario has provided services that have led to a reduction in labor costs, consulting, and maintenance and facility management....
6 Pages (1500 words) Essay

The Cash Flow Budget of Hidetoseek Company

This essay discusses the cash flow budget of Hidetoseek Company which reveals that there will be huge liquidity problem in coming six months, the bank balance will not only be negative.... It considers the limit of overdraft which needs to be increased for continuing the operation of the business....
4 Pages (1000 words) Assignment

Abacus Business Solutions

The industry for POS systems for restaurant management is highly competitive industries with a multiple number of companies are in competition for the market share.... The industry involves the sale, implementation, servicing, and repair of point of sale equipment that are used for… The customers in the industry are other businesses, making transactions between sellers and buyers....
7 Pages (1750 words) Essay

Computer Electronics Warehouse

Moreover, the strategies to be used for optimal utilization of surface area and importance of suppliers in warehousing management would also be determined.... My warehouse mission statement is to be consistent in superior delivery through proper management of warehouse and emerging as the United States' (US) leading retailer of computer/laptop and accessories with a vision of becoming the customers' first choice through providing a wider range of quality products at best price with superior advice....
4 Pages (1000 words) Essay

Green Life Incs Preparation for Business during Christmas

This paper “Green Life Inc's Preparation for Business during Christmas” elaborates the operations management process at Green Life, which produces vegetables and raising turkeys.... It aims to reinforce the fact that operations management is critical to the success of any business.... Operations management: Operations management comprises of all activities that are required for the production of specific goods or services....
10 Pages (2500 words) Dissertation

Financial Appraisal

The essay "Financial Appraisal" presents a couple of queries to explain credit control and charity research.... nbsp;… The share capital, donations, bank loans, assets are some of the items which may form a part of this director's report.... The directors' report will also include future plans of either going public or if already a public company the share allocation plans would be discussed....
7 Pages (1750 words) Essay

Project Management and how it Relates to Purchasing and Supply Management

If traditional procurement is selected, the client might consider using a lump sum contract because it avails the client a greater degree of price certainty… The client can employ the competitive tendering to ensure that he or she reviews the qualifications of a wide range of suppliers.... The association between procurement management and project management is usually fraught with misunderstandings, however.... In most organizations, the executive management has realized this; and so procurement savings plans are now a common subject in the agendas of their general meetings....
11 Pages (2750 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us