Calculate the supplier price index with volume adjustment (SPI/Q) for the following situation
1st quarter deliveries = 30
Total value of deliveries = $88,000
Nonconformance charges = $4,700
Average delivery from all suppliers = $5,000
Homework Answers
SPI = (Cost of material + Non conformance cost) / (Cost of material)
Q1 SPI = ($88000+$4700) / ($88000) = 1.053
it implies the additional cost incurred by doing business with the supplier 5.3% higher (cost of unit is higher than others by 5.3%) than other suppliers. this is used to prioritize suppliers on the basis of cost and eliminate high cost suppliers.
Q Adj Factor = (Average cost of lot or delivery by supplier) / ( Average cost of a lot or delivery from all suppliers)
Q Adj Factor = ($88000/30) / ($5000) = 0.587
Adj SPI for volume = Total Value of deliveries + (Non conf Chgs * Q Adj Factor) / Total Value of deliveries
= ($88000+($4700*0.587)) / $ 88000 = 1.03135
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