For this assignment, answer the following questions:What are the top three supplier performance...

Question

For this assignment, answer the following questions:

What are the top three supplier performance dimensions that your organization (Tesla Motors)is most concerned about? You may use table 3.1 for a list of relevant factors. Explain why your company prioritizes each of these. Do you think they are using the right ones?
How does your organization manage its relationship with its key suppliers? Is there an established program, is it based on personal connections, or something else? Should they change the way they do this? Explain.
How does your organization use forecasting? Explain.

- What do they forecast and how frequently do they generate new forecasts?
- Where do they get their data and any issues with data collection?
- Which methodology do they use?
- How do they evaluate the performance of their forecasts? Are the error metrics (MAD, MSE, etc.) good? Would you recommend using a different methodology?

Respond using the critical elements below:

Compose your original response in Standard English, paying special attention to grammar, style, and mechanics.
Respond to the questions in a thorough manner, following the prescribed format and citing your sources using the current APA guidelines.
Ensure that your viewpoint and purpose are clearly stated.
Demonstrate logical and appropriate transitions from one idea to another.
Your paper should be highly organized, logical, and focused.

Parul · Accepted Answer

Normal.dotm A4 US English
Assignment
Tesla's supplier performance is measured by the following three dimensions, as explained in Table 3.1 which is taken as the primary reference to answer these specific dimensions.
Excellence & Overall Quality 
Tesla's vehicles are highly valued for their advanced technology and superior craftsmanship. The use of high-quality materials and components contributes to the long-lasting, safe, and dependable nature of electric vehicles, ultimately enhancing customer satisfaction and brand image. Tesla demands stringent manufacturing precision for batteries and other crucial components to ensure optimal range and performance. Evaluation: Tesla's emphasis on continuous quality improvement (e.g., zero-defect policies and ISO 9000-certified suppliers) demonstrates its focus on long-term customer satisfaction and minimal warranty costs. The prioritization reflects Tesla's dedication to producing high-performance and sustainable electric vehicles.
Advancement in technology
Tesla's competitive edge in the EV market is driven by its focus on innovation. Suppliers must offer components that enable progress in energy efficiency, autonomous driving, and battery innovation. Tesla's reliance on advanced technology from partners like Panasonic for batteries gives it a significant advantage in the market. This prioritization is essential for achieving innovation goals and maintaining market dominance. Shipment
Due to its JIT manufacturing approach,

For this assignment, answer the following questions:What are the top three supplier performance dimensions that your organization (Tesla Motors)is most concerned about? You may use table 3.1 for a...

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