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Question 1

As the purchasing manager, discuss in detail the five steps in choosing a supplier and apply these steps to your company. Use relevant examples to support your answer.



Answer :

GinnyAnswer

Final answer:

The five steps in choosing a supplier are identified and explained, with examples provided for application to a business scenario.


Explanation:

Steps in Choosing a Supplier:

  1. Identify Needs: Clearly define what the company requires from a supplier.
  2. Conduct Market Research: Evaluate potential suppliers based on relevant criteria.
  3. Request Proposals: Invite qualified suppliers to submit proposals based on the company's needs.
  4. Evaluate Proposals: Assess and score proposals against predetermined criteria.
  5. Communicate: Ensure clarity and understanding throughout the process.

Applying these steps to the company's scenario, they can assess suppliers like QlikTech, IBM, and SAP based on factors such as usability, functionality, quality, price, education, reputation, and supplier networks.


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