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MNP3701 ASSIGNMENT 3 SEMESTER 2 2024 Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industr$2.82
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MNP3701 ASSIGNMENT 3 SEMESTER 2 2024 Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industr
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Course
Strategic Sourcing (MNP3701)
Institution
University Of South Africa (Unisa)
MNP3701 ASSIGNMENT 3 SEMESTER 2 2024
Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements
to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industry-standard parts wherever
possible. If Toyot...
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Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements
to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industry-standard parts wherever
possible. If Toyota requires custom design and tooling for a component, which of the following statements accurately
reflects the impact on price and cost?
a. Custom design and tooling will likely decrease the cost of the component as it reduces the complexity of the
production process.
b. Specifying industry-standard parts will generally increase the price of the component because of higher
customisation costs.
c. Custom design and tooling will typically increase the cost and price of the component due to additional design,
tooling, or engineering requirements.
d. Using industry-standard parts will lead to higher costs but lower prices because of reduced design and tooling
expenses.
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Question 2
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Which strategy best shows how rationalising Toyota's supply base would directly contribute to cost reductions and efficiency
improvements?
a. Streamlining the supplier base to consolidate procurement activities, negotiate larger-volume contracts, and
capitalise on economies of scale.
b. Fostering innovation by accessing a broader range of supplier technologies and expertise.
c. Stimulating supplier competition by expanding the pool of potential suppliers, fostering price competition.
d. Integrating suppliers from various industries to diversify the experience pool.
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Which one of the following options is the most important principle of the Malcolm Baldrige National Quality Award (MBNQA)?
a. Continuous improvement
b. Sustainable environmental management
c. Value analysis/Value engineering
d. Leadership capabilities
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Question 4
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According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behaviour designed to
benefit the workplace and, by extension, the individual, the organisation, and the community.
a. sustainability
b. social responsibility
c. supplier development
d. supply chain risk management
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Question 5
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Which one of the following would be an example of external failure cost at ABCD Retailers?
a. Production of a new line of dresses is interrupted because of defective machinery
b. A new quality control process is introduced to reduce the number of defective dresses manufactured
c. Following the manufacturing of low-quality dresses, new dress designs are submitted for approval
d. An in-store customer returns a dress because it tore after only wearing it once
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