Operations and Supply Chain Management: The Core 5th Edition by F. Robert Jacobs Solution manual

they do in serving their market, but be very wasteful in doing so. Alternatively, a firm could
squeeze every last dollar out of their processes but fail to deliver what the market expects and
desires. Of course, the best firms will provide the goods and services that the market desires,
exactly as the market desires, and do so at a minimum cost. Firms that are both inefficient and
ineffective do not survive for long in any market.
Chapter 01 - Operations and Supply Chain Management
Copyright ©2020 McGraw-Hill Education. All rights reserved. No reproduction or distribution without
the prior written consent of McGraw-Hill Education.
7. Two of the efficiency ratios mentioned in the chapter are the receivable turnover ratio and the
inventory turnover ratio. While they are two completely separate measures, they are very
similar in one way. What is the common thread between these two?
(There are a number of answers that students may come up with, from simplistic to more
thoughtful. Following is one of the latter.) Both are measuring the average amount of a
valuable asset that is not generating value for the company. Accounts receivable are an asset,
but they do not create value for the firm until the money is received. Reducing the average
amount of accounts receivable frees up that money for use by the company on a recurring
basis. Inventory is another asset, but while inventory is being held by the company it is not
making any money for the firm. Reducing inventory allows the firm to invest the money that
would otherwise be spent on the inventory.
8. Look at the job postings at http://jobs.apics.org and evaluate the opportunities for an OSCM
major with several years of experience.
There are pages and pages of these in the APICS Career Center. Here are some examples:
Purchasing and Planning Manager
Sennheiser New Mexico
Sennheiser is seeking an innovative and enthusiastic individual to manage the purchasing and
planning areas at our Albuquerque manufacturing facility. This key role is responsible for
leading the Purchasing, Planning and Warehouse departments to achieve outstanding results.
You will be charged with ensuring cost effective on-time delivery, as well as building solid
relationships with other internal departments and international sister facilities. You will use
production planning, procurement, inventory and materials management concepts to solve
problems and provide continuous improvement in the supply chain process.
Senior Manager Supply Chain Financer
Pharmavite
This role contributes to Pharmavite's success by providing decision support to the organization
to drive business growth and improve profitability. Responsible for supporting company
innovation with respect to total delivered cost. Also supports direct sourcing team on reporting
& analyzing purchase price variance and seeking out new cost savings projects. Performs ad-
hoc analysis and/or support cross-functional projects to improve operational efficiencies and
optimize profitability. Also manages the control function around headquarters-based
operations overhead expenditures as well as capital investments.
Medical Device Supply Chain Manager
Cadwell
The Supply Chain Manager provides overall leadership and mentoring for the purchasing,
shipping, and receiving functions for Cadwell Industries, Inc., a leading medical device
manufacturer. This position oversees the organization wide management of strategic sourcing,
procurement, contract negotiations, and evaluation of services while collaborating closely with
staff in Engineering, Marketing, Regulatory, Sales, and Service.
Chapter 01 - Operations and Supply Chain Management
Copyright ©2020 McGraw-Hill Education. All rights reserved. No reproduction or distribution without
the prior written consent of McGraw-Hill Education.
Production/Operations Planner
CG Industrial Specialties
US - Nationwide
Reporting to the Operations Manager or Branch Manager; this position is responsible for
preparing assembly schedules for shop technicians; coordinate material requirements with
purchasing as well as coordinate shipping / receiving activities with warehouse staff.
9. Recent outsourcing of parts and services that had previously been produced internally is
addressed by which current issue facing operations and supply management today?
The coordination of relationships between mutually supportive but separate organizations.
10. What factors account for the resurgence of interest in OSCM today?
With companies facing competition on a global scale, and ever-advancing manufacturing and
information technologies, firms realize the competitive advantage their OSCM functions can
provide if properly managed. Many have found that the same old way of doing business