Typically, buying organizations will use several rounds of the competitive bidding process to pick a low cost supplier. Buying organizations will send out RFQs to get bids from suppliers. RFQ stands for a Request for Quotation. In other words, please give us a quote for this business. Unfortunately, several iterations of the competitive bidding process can be very resource intensive, especially for smaller companies.

Sime Curkovic

February 10, 2025February 10, 2025

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Here are the video lectures to accompany the next few emails (tons of exam questions from these, treat these like a podcast, you can speed it up also) – note, when you watch/listen to these, make sure to rewind it to the beginning: Part 1 – Part 2 – Part 3 – https://www.youtube.com/watch?v=T5SD4ugLMks&t=107s My notes:Typically, buying...

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

Sime Curkovic February 10, 2025February 10, 2025
TRUE OR FALSE? MOST FIRMS WILL CONTINUE TO REDUCE THE TOTAL NUMBER OF SUPPLIERS THEY MAINTAIN, AND THE REDUCTION WILL CONTINUE TO BE AS DRAMATIC AS THEY HAVE BEEN IN THE LAST 8 TO 10 YEARS.

Sime Curkovic February 10, 2025February 10, 2025
Students (see the crazy import data below, AI is coming soon in a very big way):Supply chain management (SCM) presents unique challenges largely due to the lack of real-time visibility and the unpredictable nature of lead times. In an ideal world, companies would have full visibility into every stage of the supply chain—from sourcing raw materials to delivering the final product. If we knew exactly where every component was at any given moment, and if lead times were always consistent and predictable, the supply chain would be much easier to manage. In other words, SCM would be a piece of cake if we knew where everything was all the time from beginning to end. You can make a trillion dollars if you invent a technology that does that.

Sime Curkovic February 10, 2025February 10, 2025

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

TRUE OR FALSE? MOST FIRMS WILL CONTINUE TO REDUCE THE TOTAL NUMBER OF SUPPLIERS THEY MAINTAIN, AND THE REDUCTION WILL CONTINUE TO BE AS DRAMATIC AS THEY HAVE BEEN IN THE LAST 8 TO 10 YEARS.