Innovation Distribution Co Supply Chain Risk
A Total Cost Approach to Understanding Supply Chain Risk Using the current exchange rate, what is the initial purchase cost per unit (in U.S. dollars) paid to Dong Hai Supply? (Do not include transportation costs.) The exchange rate between the U.S. Dollar and the Chinese Renminbi is: Dollar = 6.92 CNY China Yuan Renminbi CNY China Yuan Renminbi = 0.1445 U.S. Dollar The quoted price by Dong Hai Supply at the factory is 547 China Yuan Renminbi. Therefore, the initial purchase cost per unit is The initial purchase cost is $79.04 for every unit (Frankel, 2013).… Continue Reading...