Assignment:
Quantity
Being a small-business owner such as a custom framing store, a restaurant, a garage, or a specific small local business of your choice, apply the basic supply management principles to the acquisition of services.
Discuss the trade-offs of quantity, quality, and cost in a small business such as a custom framing store, a restaurant, a garage, or a specific small local business of your pick.
Planning systems such as MRP and CRP might be overkills for a small-business owner. Devise a simplified version of an MRP and/or CRP such as a supply planning chart or a supply planning template for a small local business. A local small business could be a custom framing store, a restaurant, a garage, or a specific small local business of your pick.
Articulate in one to two (1 to 2) sentences Neil's problem from your perspective. Supply evidence from the case to support your statement. (See case attached).
Create and then prioritize a list of issues that Neil must tackle and would be nice if he could tackle. Identify the issues using these two labels (must and nice to).
Recommend an ideal action Neil can take and a likely action Neil will have to take. Provide evidence to back up your recommendations.
Discuss whether or not Neil should consider initiating a penalty against Stinson Distribution. Company in upcoming contract talks. Thoroughly explore the pros and cons.
Cost Management
Describe three (3) key concepts you consider most important in the total cost of ownership.
Describe how price discounting would influence the understanding of purchasing as a profit center.
Explain what and how a small business can apply and benefit from the strategic cost management. Give at least two (2) examples.
Describe one of your business negotiation experiences. Explain how your negotiation impacted directly and/or indirectly to the profit and/or the expense of your company or organization. If you do not have business negotiation experience, describe one (1) business negotiation experience you observed or learned about.
Attachment:- Case-Penner Medical Products.rar