Mars Incorporated - Mars 1 Nova Southeastern University H....

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Mars 1 Nova Southeastern University H. Wayne Huizenga School Assignment for Course: QNT 5040 Submitted to: Professor David Hinds, PhD Submitted by: Nicole Gerber, Mariel Ramirez, Jose Canizanes, Edward DiCrosta, and Robert Sando Date of Submission: September 20, 2009 Title of Assignment: Mars Incorporated – Assignment #5 CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student's Signature: ______NICOLE GERBER, MARIEL RAMIREZ, JOSE CANIZANES, EDWARD DiCROSTA, and ROBERT SANDO________________________ ***************************************************************** Instructor's Grade on Assignment: 88 Instructor's Comments:
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Mars 2 Your description of the model was complete although too drawn out and mechanical. You did identify most of the additional requirements but you did not discuss how to go about addressing them (either with the model or through some other means). I see your attempt to extend the spreadsheet but it doesn’t seem to meet any of these additional requirements. You have a data entry error for Bid 7. A Case Study Mars Incorporated Team #2 Nicole Gerber, Mariel Ramirez, Jose Canizanes, Edward DiCrosta, and Robert B Sando Nova Southeastern University
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Mars 3 Management Report for Mars Incorporated Executive Summary
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Mars Incorporated, (referred herein as “Mars”) is one of the world's largest privately owned businesses, and has grown into a company with global businesses in food, pet care, drinks’ vending, and electronic automated payment systems. Mars relies on a small number of suppliers and vendors for each market it serves. Traditionally these relationships between the company and their vendors were based on long standing trading relationships and pre-established protocols of order quality, volume, delivery, customer service, etc. The company faced a difficult dilemma of incentivizing long-term vendor relationships while encouraging vendors to bid on materials using their most competitive pricing sheets. Established company buyer and vendor relationships did not allow for leveraging competitive supply conditions and did not always permit the company to enjoy supply synergies or economies of scale across different brand names or market segments. Electronic procurement auctions have emerged as a popular on- line mechanism for conducting negotiations between a company buyer and a supplier. Procurement auctions take the form of reverse auctions with a single corporate buyer and a number of pre-defined vendors negotiating within a context of a private, company sponsored on-line procurement ordering exchange. Principle to Mars was that any auction system the company implements must safeguard some
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This note was uploaded on 03/31/2011 for the course QNT 5040 taught by Professor Rok during the Spring '08 term at Nova Southeastern University.

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Mars Incorporated - Mars 1 Nova Southeastern University H....

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