ePass system‚ there is no risk affecting the company’s core business. Based on the facts‚ having a large number of capable suppliers with a high annual expenditure and limited supply risk‚ global hotels issue is a leverage item meaning that reverse auctions would be a solution to cost saving. For the raw materials (Malic Acid) issue‚ changing supplier from Tao is risky to Betapharm. Tao has the reputation in the pharmaceutical industry‚ and is one of the leading suppliers. Tao had been Betapharm’s
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Commodity Trading Division‚ was in the process of producing her annual sourcing report for the company’s three-year plan. While NEP seems to have had success using the competitive bidding process‚ reverse auctions may be the wave of the future. Mrs. Houston was wondering if the reverse auction sourcing approach would work for purchasing the company’s coal requirements. Questions 1. As purchasing manager for NEP‚ what is your evaluation of the various alternatives open to Deon for the purchase
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1. Why has eBay succeeded as an online auction marketplace while so many others have failed? eBay’s success truly created a pricing revolution by allowing buyers to determine what they would pay for an item; the result pleases both sides because customers gain control and receive the best possible
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operation say-so from China to California. EBay also underestimated the strong ties that Asians felt toward the online auction media already in place. In addition‚ eBay failed to understand the political implication of doing business in China. Ebay entered the Asian market in 2003 with the purchase of EachNet. Ebay‚ through EachNet cornered 90% of the market share for online auctions in China at the time. Loyal EachNet users kept coming back. Then‚ decision making responsibilities moved to eBay headquarters
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Suppliers. Investing in an e-procurement system BAL would seek short term improvement tool that would simplify the procurement process across different division and support complex interfaces with suppliers. We can broaden our scope to include reverse auctions tool as well. Key Assumptions I would assume that the management has approved a reasonable amount for the cost of setup‚ implementation‚ training‚ interface and support of e-Procurement system with the BAL legacy system. Assuming that the BAL
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There are three different organizational markets: industrial‚ reseller‚ and government. Industrial firms in some way reprocess a product or service they buy before selling it to the next buyer. Resellers—wholesalers and retailers—buy physical products and resell them again without any reprocessing. Government agencies‚ at the federal‚ state‚ and local levels‚ buy goods and services for the constituents they serve. The North American Industry Classification System (NAICS) provides common industry
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eBay: Connecting in China December 1‚ 2005 The Problem: Causes and Symptoms The problem for eBay is how to factor the new Chinese business landscape‚ its conditions‚ culture and constraints so that it can penetrate into the large Chinese market. This is the challenge identified because Whitman‚ the company’s CEO‚ has announced that the goal for the company is to reach the $3 Billion sales level by 2005. In order to reach this new milestone‚ the company would need to look for key markets
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day in May three years ago when my Dad and I went to an auction to buy myself a new car. We were surrounded by people as we stood in the middle of a muddy yard. I was holding a white card with a number on it‚ waiting for the Mustang I wanted to place a bid on. The auctioneer was a short old man with white wiry hair‚ two fingers missing on his left hand and the rough voice of a chain smoker. His name was named Mickey. Mickey began to auction off items like a TV‚ couch‚ stove‚ microwave‚ bed and
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that Stevie pay for the cologne. Is Michael O right? Give your reasons. 2. Rahman is at an auction when he sees a Manchester United shirt. The starting bid is RM 1.00. Rahman raises his hand and the auctioneer asks whether there are higher bids. There is none. The auctioneer says “Going to the gentleman who has bid RM 1.00…going…going…” but before he could say “Gone”‚ Rahman withdraws the bid. The auction house wants to sue Rahman for non-payment. Is Rahman liable? Would your advice be different
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EBAY in Japan Pierre Omidyar‚ a software programmer created Auction Web which later became eBay in 1995. Over the next 11 years it would acquire 24 companies making it a very successful company. In the late 1990’s eBay began to explore opportunities in the international market. It’s website was gaining popularity in Canada‚ the UK‚ and Germany. As its popularity increased it began to set up websites in several European Countries including Korea and Australia. It soon began to venture out
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