Globetrot Electronics, a growing manufacturer of smart home devices, is planning to launch a new line of smart thermostats.
The procurement team has determined that the microcontrollers in these devices are crucial for their functionality and competitive edge in the market.
In response to recent global supply chain disruptions, the team has conducted extensive research and shortlisted three reputable suppliers:
Supplier X, Supplier Y, and Supplier Z, each capable of meeting Globetrot's quality and volume requirements.
Given the strategic importance of maintaining a resilient supply chain, the team now faces a decision on which supplier to choose.
They recognize the value of having a sole supplier for streamlined operations and enhanced partnership management.
Which option should Globetrot Electronics choose to best meet its procurement needs for the smart thermostat project?
A. Option 2: Select Supplier Y, renowned for the highest quality and reliability.
B. Option1: Choose Supplier X, who offers the most competitive pricing.
C. Option 4: Award the contract to multiple suppliers to diversify supply risks.
D. Option 3: Go with Supplier Z, who provides the best scalability and flexible production capabilities.