2 discussion questions....short but sweet

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Business Finance

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1. Case 7-1 The Power Line Poles. Please respond to the following:

  • Discuss the bidding procedure.
  • Discuss and explain whether you agree or disagree with the final decision in this case.
  • Determine to what degree you would insist on the utmost high quality, knowing that this pursuit impacts costs significantly. State your rationale..(will give link)

  • 2. 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.
  • Planning systems such as MRP and CRP might be overkills for a small-business owner. Devise a simplified version of a MRP and/or CRP such as a supply planning chart or a supply planning template for a small local business. 

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