The Florida Retail Company is a collection of small consumer electronic retail stores. The company...

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The Florida Retail Company is a collection of small consumer electronic retail stores. The company is known for its personal and efficient service. Susan Bender, the Vice President of Operations, prides herself on running one of the most efficient operations in the electronics retail industry. One of the main tools for this efficiency is a computer system that allows FRC to closely monitor sales progress and inventory turnover rates. The computer system was bought and is currently maintained by ACME Retail Computer Services. ACME and Florida Retail have had an excellent and mutually profitable relationship for the past 10 years. FRC maintains a small staff of three people to run the ACME retail system.

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ASSIGNMENT 1 JAN 2013 SEMESTERSUBJECT CODE : MPP636SUBJECT TITLE :PURCHASING AND PROCUREMENT MANAGEMENT LEVEL:MASTER’S LEVEL STUDENT’S NAME :MATRIC NO. :PROGRAMME :ACADEMIC FACILITATOR :LEARNING CENTRE : INSTRUCTIONS TO STUDENTS This assignment consists of TWO (2) questions. Answer ALL questions. Plagiarism in all forms is forbidden. Students who submit plagiarised assignment will be penalised. This assignment carries a 30% weightage toward final grade. Please submit your assignment answer via myAeU LMS (online submission). THERE ARE 4 PAGES OF QUESTION, EXCLUDING THIS PAGE. INSTRUCTION: Answer ALL questions based on the case study given. CASE STUDY FLORIDA RETAIL COMPANY Overview The Florida Retail Company is a collection of small consumer electronic retail stores. The company is known for its personal and efficient service. Susan Bender, the Vice President of Operations, prides herself on running one of the most efficient operations in the electronics retail industry. One of the main tools for this efficiency is a computer system that allows FRC to closely monitor sales progress and inventory turnover rates. The computer system was bought and is currently maintained by ACME Retail Computer Services. ACME and Florida Retail have had an excellent and mutually profitable relationship for the past 10 years. FRC maintains a small staff of three people to run the ACME retail system. New Strategy The Florida Retail Company is planning a bold strategic move into the consumer electronic retail industry. The company plans to phase out all of its current smaller retail stores and mold its business around large super-stores. The first store will be the showcase and model for future stores. Jack Murphy, the owner of FRC, has envisioned a futuristic computer system to support his new store concept. The new computer system will provide all the functionality of the current system (accounts payable, accounts...

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David · Accepted Answer

Solution 1 a)
The four advantages of the inclusion of supply managers and pre-qualified suppliers are as follows:
1. They will help in the development of greater cost benefit analysis for the company.
2. They will help to develop quality and product delivery for the company.
3. They will help and suggest important technical factors to improve supply chain for the company.
They will also help to develop following things:-
1) Develop a Quality Supervision system
a. Buildings of direct supervision system s for indirect suppliers.
b. Supervisors in the logistic department to give feedback and information about direct suppliers and also help in supervising materials quality and transportation process
c. Introduction of Hazard Analysis Critical Control Point (HACCP) to check the finish goods and deliver goods, if or not match our standard. 
2) World Class R & D Process
It can be used to bring innovation in every links of supply chain from suppliers to customers. It will help them to build world class centralized supply chain system
3) Sustainable packaging and waste management 
Find new sustainable ways of reducing the environmental impacts of packaging and waste management in the current supply chain process. 
Solution 1 b)
The four disadvantages of excluding supply management and suppliers from the new product development process are as follows:
1. Longer material pipelines and lead times
2. complex transactions across international borders
3. cultural and legal differences
4. international trade regulations
5. currency fluctuations
6. customs requirements
7. language and time differences
8. Additional documentation requirements
9. Resistance to change
10. Buy American philosophy
Solution 2 a) 
ANS: According to me the fixed price contract agreed to by FRC was not the best way to procure ACME’s computer system.

The Florida Retail Company is a collection of small consumer electronic retail stores. The company is known for its personal and efficient service. Susan Bender, the Vice President of Operations,...

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