Instructions: Using Alternative Suppliers
Develop a 7-8 page contingency plan and 1-page shareholder letter detailing the change from a primary vendor to an alternate vendor while maintaining the ethical principles and profits of a global manufacturing company.
Scenario:
For this assessment, choose either Option 1 or Option 2. You do not need to do both. You will apply one of these scenarios in the Requirements below. Both options will be graded using the same scoring guide.
Option 1:
JM Manufacturing's primary vendor factory has closed due to a black swan event and the vendor is not expected to reopen and ship products for at least 6 months. You need to contact the alternative vendor and strengthen your relationship with them, while maintaining the relationship with the primary vendor. It's important to keep your shareholders satisfied and remain profitable, so knowing that the alternative vendor will not be guaranteed the same volume of orders as the primary vendor could increase your costs and impact JM Manufacturing's profit margin. The alternative vendor would like a commitment for a certain volume of orders and you must consider how that will be addressed without affecting the relationship. The alternative vendor has also hinted that they will offer you an annual family vacation to Hawaii if you commit to making the relationship permanent. This is not an uncommon practice in some countries, but it is illegal and a violation of JM Manufacturing's ethics policy. You must also have an exit plan for terminating the relationship with the alternative vendor once the primary vendor is able to ship products again.
Requirements:
Include the following in your contingency plan:
Articulate a plan to accelerate the relationship-building with an alternative vendor.
Articulate relationship-building strategies with a primary vendor. What's best for maintaining this relationship over the months that you will not be working together due to this natural disaster?
Analyze how to maintain ethical principles and practices with supply chain partners.
Analyze strategies to obtain the best pricing from an alternative vendor. Analyze at least one tactic in great detail. Analyze the pros and cons of using multiple vendors at the same time for the selected company scenario.
Recommend how to transition back to the primary vendor. Will you still use only one vendor, or will you use two to ensure your business flow is not interrupted again?
Address the following in your shareholder letter:
What is the current state of the primary vendor?
Why was the alternative vendor was selected? Be sure to deliver a message that focuses on the quality of the alternative vendor. How will profits remain strong for JM Manufacturing or your selected company?
What is the transition plan to go back to the primary vendor or using a two vendor model?
Related company standards:
The contingency plan and shareholder letter are professional documents and should therefore follow the corresponding MBA Academic and Professional Document Guidelines (available in the MBA Program Resources).
Use 5 scholarly or academic sources, where applicable, one of which must come from the Wall Street Journal. Use APA formatting for citations and references.
The proficient and skilled tutors of Tutorsglobe offer you the most excellent Contingency Plan Assignment Help service, which will always help you in fetching top grades.
Tags: Contingency Plan Assignment Help, Contingency Plan Homework Help, Contingency Plan Coursework, Contingency Plan Solved Assignments
Attachment:- Alternative Suppliers-Assessment Instructions.rar