Purchase Solution

Optimal method for procuring

Not what you're looking for?

Ask Custom Question

Discuss the Optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. What are the primary advantages and disadvantages of acquiring inputs through this means? Give an example that uses this method of procurement.

Purchase this Solution
Solution Summary

The solution answers the question regarding the optimal method for procuring.

Solution Preview

The optimal method for procuring inputs if the contracting cost are not more than the cost of setting up specialized investment will be to create a contract. The following are some of the features of a contract:

- Involve upfront expenditures
- Extended relationship created between firm and supplier
- ...

Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

View More Free Quizzes
Related BrainMass Solutions

  • Method for procuring a modest number of standardized inputs

    129827 Method for procuring a modest number of standardized inputs Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace.

  • Government Contracting

    A performance-based acquisition method is the preferred method of procuring service with the exception of procuring what kind of services?

  • EOQ

    It indicates the optimal order size that minimizes total variable costs required to order and hold inventory. The model was originally developed by F. W. Harris in 1913, though R. H. Wilson is credited for his early in-depth analysis of the model.

  • Strategic Management - Business Strategy & Policy (Coffee Industry) question.

    If climate is more suitable for optimal growth of coffee beans, there will be an abundance of coffee supply and companies will pay less for the raw materials. The cost savings can then be passed on to consumers.

  • Capital Vs. Revenue Expenditure

    Capital expenditure is incurred for procuring fixed assets that are expected to be productive for a long period of time. It may also involve an expenditure on an existing fixed asset to increase its life span or residual value.

  • Project management plan and phases

    A very important item that belongs within a project management plan is the procurement management methodology or plan, due to the fact that this aspect of a project management plan aptly describes the method that will be utilized in efficiently procuring

  • Optimal solution using the graphical method

    SO, the optimal solution is x=15 and y=30, and the maximum value of Z is 105. The expert examines the optimal solution for graphical methods.

  • A True/False on Stepping stone method

    FALSE The stepping-stone method is an iterative technique for moving from an initial feasible solution to an optimal feasible solution.

  • Quantitative Methods Optimal Location

    to determine the optimal location. (5 points) b) Use the conservative method to determine the optimal location. (5 points) c) Use the minimum/maximum regret method to determine the optimal location. (7 points) d) Suppose the p(s1)=0.60, p(s2

View More Related Solutions