A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement. Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

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Answer 1

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

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Students have asked these similar questions

NOT AN ESSAY! Effective supply management enables a firm to meet its strategic objectives and improve performance. You are a supply chain management consultant appointed by a fast-moving consumer goods (FMCG) organisation that is experiencing basic supply chain issues. Discuss any two supply management goals the FMCG organisation should achieve to improve the supply chain’s performance. You must also include practical examples as well as a justification as to why you have identified these two goals as the most important.

It is expressed that the concentration of supply chain management must advance in response to fluctuating business environments and developing product life cycles. Different interactions among participants are required during each phase of the product lifecycle, from inception through recycling. Why should the supply chains for products in new markets be flexible?

Is this statement correct or incorrect? Supply chain management solutions are more outside oriented than enterprise systems.

Answer 2

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

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Answer 3

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Answer 6

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement:

The policy statement must provide guidance to employees.
It should contain the instructions that help to make a decision.
It should be consistent and have maximum opportunities.

Answer 7

Chapter 3, Problem 1DQ

Summary Introduction

To write: A policy statement that represents the position on the need for utilizing more diverse suppliers and the characteristics of the policy statement.

Introduction: Policy statement is a set of methods or behaviors that are accepted in an organization. It would provide a guideline to the employees on the things to do in an organization for a specific purpose, which would stabilize the conduct of every employee.

Answer 8

Expert Solution & Answer

Explanation of Solution

Write a policy statement that represents the position on the need for utilizing more diverse suppliers:

Mostly, the organizations would prefer to purchase materials from diverse suppliers. Certain issues can be solved by purchasing materials from diverse suppliers. Here, the problem includes the bargaining power of the firm. Purchasing materials from a single supplier would reduce the power of bargaining.

In such cases, employees in an organization might shift to the supplier company. At that time, the suppliers might be able to gather the confidential strategies of an organization. Irregular supplies can also be reduced. Hence, it is recommended to use a more diverse supplier. These are the statements that would represent the importance of using more diverse suppliers.

Determine the feature or characteristics of the policy statement: