Answer to Question #233993 in Management for Sukoluhle

Question

Q1 - Explain how you will identify stakeholders in terms of their role in the Distribution process.
Q2 - Name and explain three strategies to optimize the effectiveness of the distribution network.
Q3 - Describe the process and implications of returning goods
Q4 - Describe safe transportation
Q5 - Describe the acceptable conduct of the following regarding procurements : Contractor, employee and employer.
Q6 - Describe the importance of assessing suppliers liquidity and solvency and information security

Answer 1

Q1 - Explain how you will identify stakeholders in terms of their role in the Distribution process.

Answer- Begin by identifying your key stakeholders. Consider all of the people who are impacted by your work, those who have influence or control over it, and those who have a stake in its success or failure.

Q2 - Name and explain three strategies to optimize the effectiveness of the distribution network.

Answer-

·        Analysis of customers: Detailed order shipments and buyer demand history; transportation history; demand volumes by customer point.

·        Supplier(s): Purchase Orders history; points of origin and ports of entry; paid inbound transportation/transfers history on, and ports of entry by containers.

·        Product(s): One year movement inventory history by SKU by distribution location; cube/weight data by distribution location by SKU; product and inventory assessment.

Q3 - Describe the process and implications of returning goods.

Answer- A product return in retail is the process of a customer returning previously purchased products to the merchant and receiving a refund in the original mode of payment, an exchange for a similar or different item, or a shop credit.

Q4 - Describe safe transportation.

Answer- this is the movement of goods and persons from place to place and the various means by which such movement is accomplished.

Q5 - Describe the acceptable conduct of the following regarding procurements: Contractor, employee and employer.

Answer- the conduct provide a policy instrument for enhancing integrity in the entire procurement cycle. It takes a holistic view by addressing various risks to integrity, from needs assessment, through the award stage, Contract management and up to final payment following hierarchy from employer, contractor and to employee. Public procurement reforms should adhere to good governance principles and reform.

Q6 - Describe the importance of assessing supplier’s liquidity and solvency and information security.

Answer- Liquidity ratios are important to investors and creditors to determine if a company can cover their short-term obligations, and to what degree. The higher the ratio is, the more likely a company is able to pay its short-term bills. While Solvency is the ability of a company to meet its long-term debts and financial obligations. Solvency can be an important measure of financial health, since its one way of demonstrating a company's ability to manage its operations into the foreseeable future.