Assignment:
Resources needed:
1. A windows PC with Microsoft Excel installed. If you need this software, follow these steps to install it.
2. Ess13ch02_Questionfile.xlsx
In this exercise, you will learn how to use spreadsheet software to improve management decisions about selecting suppliers. You will filter transactional data about suppliers based on several criteria to select the best suppliers for your company.
Scenario: You run a company that manufactures aircraft components. You have many competitors who are trying to offer lower prices and better service to customers, and you are trying to determine whether you can benefit from better supply chain management. The
Assignments area under Week 2, you will find a spreadsheet file (Ess13ch02_Questionfile.xlsx)that contains a list of all the items your firm has ordered from its suppliers during the past three months. The fields in the spreadsheet file include vendor name, vendor identification number, purchaser's order number, item identification number and item description (for each item ordered from the vendor), cost per item, number of units of the item ordered (quantity), total cost of each order, vendor's accounts payable terms, order date, and actual arrival date for each order.
Prepare a recommendation of how you can use the data in this spreadsheet database to improve your decisions about selecting suppliers. Some criteria to consider for identifying preferred suppliers include:
• the supplier's track record for on-time deliveries
• suppliers offering the best accounts payable terms
• suppliers offering lower pricing when the same item can be provided by multiple suppliers.
Use your spreadsheet software to prepare reports to support your recommendations.
Information about the data:
• At a minimum you will need to be able to sort the database by various criteria such as item description, item cost, vendor number, or A/P terms
• A/P terms is expressed as the number of days that the customer has to pay the vendor for the purchase. In other words, 30 designates net 30 days. The vendor that allows customers the longest amount of time to pay for an order would, of course, offer the most favorable payment terms.
• You will need to add additional columns for calculating the delivery time for each order. The delivery time can be calculated by subtracting the Order Date from the Arrival Date. Vendors with the shortest delivery times are obviously desirable.
• These numbers are useful when trying to determine who is the vendor with the best on-time delivery track record. Students can use the DAVERAGE or the SUMIF and COUNTIF functions to determine the average delivery time for each vendor. You can also use one of the database functions to determine the vendor with the best accounts payable terms. To determine the vendor with the lowest prices for the same item when it is supplied by multiple vendors, students can filter the database using the item description. This filtered list can then be sorted by item cost and vendor number.
Deliverables:
• Your recommendations (minimum 100 words) that include the details of findings that supports your recommendation.
Your recommendation must include analysis of:
a. the supplier's track record delivery time
b. suppliers offering the best accounts payable terms
c. suppliers offering lower pricing when the same item can be provided by multiple
• Copy and paste the reports you ran to come to your conclusion. You should cite the reports you used in your recommendation.
Attachment:- Orders and Suppliers.rar