Ashford MGT300 Full Course Latest 2021 January

MGT300 Supply Management

Week 1 Discussion

Sustainability

Visit the Forbes list of “The World’s Most Innovative Companies” at http://www.forbes.com/innovative-companies/list/. Pick one organization that has not been previously posted by your classmates and

Name and summarize at least two of the major sustainability goals of this organization.

Explain what, if any, sustainability requirements does the organization set for its suppliers?

 

MGT300 Supply Management

Week 2 Discussion

Applied Negotiating Skills

Chapter 13 of the textbook discusses negotiation tactics and characteristics of a supply management professional that are helpful when negotiating.

Using any or all of these skills, provide a persuasive argument to your manager (the instructor) why you should be given a pay raise.

Be prepared to respond to your manager’s objections.

 

MGT300 Supply Management

Week 3 Discussion

Exploring Supply Management Careers

Visit one of the following websites:

www.usajobs.gov (Links to an external site.)

www.monster.com (Links to an external site.)

www.indeed.com (Links to an external site.)

Using “Supply Management” as your key search words, locate one opening and share the following with the class:

Position title.

Salary.

Required and desired education.

Required and desired certification(s).

Required number of years of experience.

Complete URL so that interested parties can easily locate the opening.

Our goal is to develop an illustrative cross-section of the current state of the demand for positions within the profession.

 

MGT300 Supply Management

Week 4 Discussion

Cost Analysis Techniques

The reading assignment describes various cost-based pricing models commonly used in the supply management function. Using the table that follows, find the estimating approach that corresponds to your last name.

Your Last Name Begins With	Pricing Models
A-H	Cost Markup Pricing
I-P	Margin Pricing
Q-Z	Rate-of-Return Pricing

 

Post the following information for the assigned approach:

Your assigned estimating approach.

A brief description of how to perform the estimate.

Relative accuracy of the results.

When this approach would be most appropriate to use.

 

MGT300 Supply Management

Week 5 Discussion

Globalization and Barriers to Worldwide Sourcing: Microsoft PowerPoint Assignment

The reading assignment describes various types of barriers to worldwide sourcing, as illustrated in Exhibit 10.4 of the text. Using the table that follows, find the barrier that corresponds to your last name.

Your Last Name Begins With	Type of Partnership
A-F	Lack of Knowledge and Skills
G-L	Longer Lead Time
M-R	Increased Supply Risk
S-Z	Culture, Customs, and Language

 

Prepare a Microsoft PowerPoint presentation containing the following information for the assigned approach:

A title slide with your name, course number, type of barrier, and date.

One slide with a brief description of one barrier to worldwide sourcing.

One slide with a brief summary of this sourcing barrier that is supported by an example found in the textbook or additional readings.

One slide with your sources of data in APA format.

Slides 2 and 3 will use bullet points and contain speaker notes to further elaborate on the bullets. Attach your agenda to the discussion forum as a Microsoft PowerPoint presentation.

 

MGT300 Supply Management

Week 1 Assignment

Using Information to Support Sourcing Decisions

The purchasing manager has provided the following information for your use:

Spend Category	Amount Thousands US$	Number of Suppliers
Production Machinery	170	2
Maintenance	20	10
Hardware	3	10
Sheet Metal	23	7
Electronic Components	288	5

 

Assuming that the amounts shown represent the total annual spend (Amount/Total Amount) calculate the percent of spend for each category.

Classify each spend category as either low or high complexity and summarize your reasoning.

Create a 2×2 Risk/Value matrix showing each of the five spend categories placed in either “High” or “Low” Risk group.

Explain why you placed each item in the selected category.

Submit your assignment as an MS Word document.

Your assignment

Must be 600-900 words (excluding title page and references page) in length, double-spaced and formatted according to APA style as outlined in the Ashford Writing Center. Contextual (Level One) headings must be used to organize your paper and your thoughts. Must include a title page with the following:

Title of paper

Student’s name

Course name and number

Instructor’s name

Date submitted

Must address the topic of the paper with critical thought.

Must utilize a minimum of one scholarly and/or peer-reviewed source from the Ashford Library in addition to the textbook. Must document all sources in APA style, as outlined in the Ashford Writing Center.

Must document all sources in APA style, as outlined in the Ashford Writing Center.

Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

 

MGT300 Supply Management

Week 4 Assignment

Total Cost of Ownership (TCO) Using MS Excel

The production manager has asked you to purchase a replacement numerically controlled (NC) plasma-cutting machine for the metal fabrication shop. She has provided you with the manufacturer’s number and model number for two models and indicates that the performance of either machine is perfectly acceptable. The existing tooling and fixtures will also work with either machine. Footprint and utility requirements are nearly the same as the old machine and will not require changes to the facility. The equipment will be depreciated over a ten-year period, which is also the expected service life. An annual service contract is required after the expiration of the warranty and throughout the remaining service life. You will take advantage of a 2% discount offered by each supplier for paying cash. You decide to complete a total cost of ownership (TCO) analysis to help make the purchasing decision.

The two manufacturers have provided the following additional information:

Cuts All Model 10	Super-Hot Model Z2
Base price	$79,000	$68,000
Freight/Delivery	$3,000	$2,200
Warranty	5 years	3 years
Annual service contract	$759	$632
Consumables cost per year	$522	$630
Annual electric cost	$444	$520
Annual water cost	$230	$180
Operator training	$300	Included
Residual value after 10 years	$39,000	$21,000

 

Submit a MS Excel spreadsheet that calculates the total cost of ownership of each machine. Based on the TCO calculation, specify which model you recommend purchasing.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

 

MGT300 Supply Management

Week 5 Assignment

Preparing for the Interview

You are working for a manufacturer of a specialized guidance system for the latest jet fighter aircraft used by several branches of the military. Your current position is as a senior supply management specialist reporting to the Vice President of Purchasing. She asks for your help in developing a series of questions to be used in interviewing and hiring a new junior buyer, an entry level position. You have agreed that the successful candidate will have 0-2 years of experience and a bachelor’s degree in a related field. Most importantly, the new hire must have an excellent grasp of the current vocabulary and tools used in the professional practice of supply management. Knowing that you have recently completed at least one course in supply management, she now asks that you provide written answers to the questions so that the other interviewers can judge the candidates’ knowledge. The questions are:

Give examples of at least three different job titles within supply management and explain how they contribute to the success of an organization.

Choose one department in a company (such as legal, logistic, operations, quality assurance, etc.), and explain how the company benefits from a facilitated integration of supply management with this internal partner.

Explain the role that supply management plays in achieving sustainability goals in an organization.

Select at least five items that would be considered when determining the total cost of ownership (TCO) for a piece of capital equipment. Classify each item as being either a positive or negative value if asked to complete the calculation.

Name at least three characteristics that you share with professional negotiators. Explain why you believe each is important to your role in supply management.

Select one method of using data to choose a new supplier. Summarize why you believe this is an appropriate, fair, and consistent method of conducting business.

List at least three special considerations when seeking international sources of materials. Compare how each differs from doing business only within the United States.

Explain the application of at least three types of fixed-price contracts. Determine the implications for the supplier and the purchaser for each type.

Your Summative Assessment

Must be 1800-2400 words (excluding title page and references page) in length, double-spaced and formatted according to APA style as outlined in the Ashford Writing Center. Contextual (Level One)headings must be used to organize your paper and your thoughts. Must include a title page with the following:

Title of paper

Student’s name

Course name and number

Instructor’s name

Date submitted

Must address the topic of the paper with critical thought.

Must utilize a minimum of 5 scholarly and/or peer-reviewed sources from the Ashford Library in addition to the textbook.  Must document all sources in APA style, as outlined in the Ashford Writing Center.

Must document all sources in APA style, as outlined in the Ashford Writing Center.

Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

 

MGT300 Supply Management

Week 2 Assignment

Market Structures

As discussed in our reading this week, suppliers consider the market that they and their customers operate in when setting prices. Using the table that follows, find the market structure that corresponds to your last name.

Your Last Name Begins With	Market Structure
A-N	Monopoly
M-Z	Perfect Competition

Research and locate one company that operates in your assigned market structure. You may not use one of the companies already mentioned in this week’s reading. Post the following information for the company:

Your assigned market structure.

Name of the company.

URL for the company’s website.

Primary products or services.

Our goal is to learn through research and example. Discussion is not required.

 

MGT300 Supply Management

Week 3 Assignment

Weighted-Point Supplier Evaluation Tool using MS Excel

Your manager has decided to reduce the number of suppliers for a critical subassembly from three to two. She has asked you to review the three current suppliers (A, B, and C) and to recommend which one to eliminate from the approved suppliers list. You confer on the ground rules and agree that a multiplier of three will be assigned for best performance in a category, two for second place, and one for last place.

You have been provided the following data:

Quality is the leading attribute to be considered and has been assigned a 45% weighting. The best record for quality has been achieved by Supplier C, followed by Supplier A, and Supplier B in last place.

Warranty length is the second most important attribute with a 30% weight. Warranties are three years for Supplier A, five years for Supplier B, and two years for Supplier C.

Cost is the last consideration with a relative weight of 25%. Subassemblies from Suppliers A and C each cost $7500 while those from Supplier B cost $6500. All values include shipping and delivery charges.

Create a simple MS Excel spreadsheet to enter the relevant data and to calculate the composite score for each of the three suppliers. Post your spreadsheet for the class and state your recommendation for which supplier to drop from the list.

 

 

MGT300 Supply Management

Week 1 Quiz 

Question 1E-procurement can contribute to all of the following except:

   Reduced costs

 Reduced number of transactions

 Longer lead times

 Fewer errors

 Question 2Deming and Juran are most known for their contributions to managing the supply chain.

   True

 False

 Question 3Competitiveness may be based on:

Low cost

 Innovation

 Quality

 All of the above

 Question 4This supply management structure generally offers decreased costs:

Centralized

 Decentralized

 Question 5The operational importance of supply management includes all of the following except:

Supporting American manufacturing firms

 Providing an uninterrupted flow of materials

 Keeping inventory investment at a minimum

 Finding and developing competent sources

 Question 6Program or project budgets are also known as flexible budgets.

True

 False

 Question 7Spot buying is a good long-term buying strategy.

  

True

 False

 Question 8The sourcing cycle includes all of the following except:

   Recognition of need

 Continuous improvement

 Search for potential sources

 Administering the contracts

 Question 9A capital budget will most likely not include planned expenditures for:

Buildings

 Machinery

 Equipment

 Travel

 Question 10 A capital budget will most likely not include planned expenditures for:

   Buildings

 Machinery

 Equipment

 Travel

 

MGT300 Supply Management

Week 2 Quiz 

Question 1Collusive offers are forbidden by:

  Antitrust laws

  Zoning variances

  FEMA

  Confidentiality agreements

 Question 2A two-step bidding technique would most likely be used with a:

  New product

  Established product

 Question 3A solicitation should include all of the following except:

  Complete specification

  Required quantity

  Due date

  Agreed upon price

 Question 4A negotiator without a Best Alternative to a Negotiated Agreement (BATNA) is negotiating from a position of strength.

  True

  False

 Question 5All are useful recognized cultural dimensions except:

  Organizational culture

  Power distance

  Uncertainty avoidance

  Masculinity versus femininity

 Question 6All are common negotiation tactics except:

  Listen effectively

  Use solid data

  Ignore deadlines

  Get it in writing

 Question 7A supplier holding a key patent is considered to be in a negotiating positon of weakness.

  True

  False

 Question 8Which of the following cases is likely to result in a quick resolution to a price negotiation:

  Case A: A Supply Professional with an Optimistic Price of $5 and a Pessimistic Price of $9 negotiating with a Supplier with a Pessimistic Price of $10 and an Optimistic Price of $14.

  Case B: A Supply Professional with an Optimistic Price of $4 and a Pessimistic Price of $7 negotiating with a Supplier with a Pessimistic Price of $6 and an Optimistic Price of $8.

 Question 9Supplier conferences may be used for all of the following except:

  Pre-bid meeting

  Pre-proposal conference

  Answering questions

  Selecting the final supplier

 Question 10All are recognized negotiation philosophies except:

  Win-Win

  Win-Lose

  Lose-Lose

  Strong-Weak

 

MGT300 Supply Management

Week 3 Quiz 

Question 1The following arrangement exists when only one supplier has the capability to fill a need:

  Sole source

  Single source

 Question 2The most common form of international payment for supply chain transactions is a:

  Promissory note

  Letter of credit

 Question 3Joint ventures enable partners to share:

  Costs

  Technology

  Economies of scale

  All of the above

 Question 4Modes of transportation include:

  Rail

  Air

  Pipeline

  All of the above

 Question 5International sourcing decisions should include:

  Stability of design

  Completeness of engineering documentation

  Ability to provide technical assistance

  All the above

 Question 6A purchase order is not a legally binding document.

  True

  False

 Question 7Evaluating supplier bids in a systematic way includes all of the following except:

  Supplier’s responsiveness

  Information from technical and operational analysis

  Cost and price analysis

  Personal relationship with salesperson

 Question 8Multiple sourcing generally results in:

  Increased risks

  Reduced risks

  Equal risks

  All of the above

 Question 9Generally, organizations use a matrix structure to support international business structures:

  True

  False

 Question 10Avoiding sole sourcing begins with the design phase.

  True

  False

 

 

 

 

 

MGT300 Supply Management

Week 4 Quiz 

Question 1All of the following are associated with the Sarbanes-Oxley Act of 2002 except:

  Establishes criminal and civil penalties

  Requires periodic reporting

  Establishes international accounting standards

  Accurate financial reporting

 Question 2Profit margin equals cost minus price.

  True

  False

Question 3Price and cost is the same thing to a supply chain professional.

  True

  False

 Question 4All of the following are variable costs except:

  Direct labor

  Property taxes

  Material

  Sales commissions

 Question 5The elements of cost include all of the following except:

  Standards

  Direct

  Indirect

  Goodwill

 Question 6Indirect costs include:

  Material and labor

  Fixed costs

 Question 7Price and cost are not the same thing to a supply chain professional.

  True

  False

 Question 8Direct costs include:

  Property taxes

  Building maintenance

  Training

  Labor

 Question 9Price analysis includes examining:

  Proposals

  Bids

  Benchmarks

  All of the above

 Question 10Center-led purchasing allows for decentralized strategic direction and centralized execution of plans.

  True

  False