We need to start an investigative process to find a range of suitable possible suppliers and as such a key element of a procurement (purchasing) policy is to understand the requirements of all the processes within our Company, and the identities and capabilities of suppliers who could potentially supply us with products. Choosing appropriate suppliers will involve trading off their alternative attributes. It is rare to find a supplier that is so clearly superior to their competitors that the decision to buy is self-evident. This is especially so given the nature of our business and dependency on the annual crop production cycle. With our recent supply difficulties it is important that we constantly review and match our output requirements with our procurement requirements to ensure reliable ingredients of the correct quality are always available. It is possible to apply some industry standard procedures to this process, and it is worth considering the following criteria and adopting a supplier ‘scoring’ or assessment procedure, rating alternative suppliers in terms of factors relevant to the Company These will include, in terms of: Short Term Ability to Supply Range of products or services provided Quality of products or services Responsiveness Dependability of supply Delivery and volume flexibility Total cost of being supplied Ability to supply in the required quantity Long Term Ability to Supply Potential for innovation Ease of doing business Willingness to share risk Long-term commitment Technical capability Operations capability Financial capability Managerial capability Given the possible expansion and changes in the business we need to discuss the above criteria, discuss the most and least relevant and assess potential suppliers accordingly. Currently quality dependability and flexibility of supply are very important to us in the short term, but in the longer term as our business expands the other long term supply abilities are likely to become increasingly relevant. Justify your arguments analytically and support with academic and theories closely related to your explanation. References will be compulsory. (20 marks)
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Looking for a Similar Assignment? Our Experts can help. Use the coupon code SAVE30 to get your first order at 30% off!