As a general understanding, which of the following is preferred as a result of the bidding phase of procurement, and why: A. Lowest bidder declared as winner. B. Highest bidder declared as winner.
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As a general understanding, which of the following is preferred as a result of the bidding phase of procurement, and why:
A. Lowest bidder declared as winner.
B. Highest bidder declared as winner.
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Solved in 2 steps
- List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods or strategies to improve the system by having other forms of procurement systems. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.You have been asked to analyze the bids for 200polished disks used in solar panels. These bids have been submittedby three suppliers: Thailand Polishing, India Shine, andSacramento Glow. Thailand Polisillng has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that $1 = 10 baht and $1 = 8 rupees.Which company should you choose? If the final destination is NewDelhi, India, and there is a 30% import tax, which firm shouldyou choose?You have been asked to analyze the bids for 200polished disks used in solar panels. These bids have been submittedby three suppliers: Thailand Polishing, India Shine, andSacramento Glow. Thailand Polisillng has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that $1 = 10 baht and $1 = 8 rupees.Which company should you choose?
- What is Long -Lead Procurement?How to Develop a procurement strategy, to prepare a matrix showing, the nature of purchases, types and requisitions required for any new setup?How would you approach the sourcing of bed linens and terrycloth items? That is, would you use a reverse auction or request for proposal? Under what circumstances would you change suppliers?How would you approach the sourcing of bed linens and terrycloth items? That is, would you use a reverse auction or request for proposal? Under what circumstances would you change suppliers?
- Can you help me? 1. List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods/ strategies to improve the system by having other forms of procurement systems. 2. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.Of the following, which is a major drawback to using production contracts as part of a vertically integrated supply system? A. Supply chain efficiency B. Capturing additional margins C. A means of addressing "holdup" in a market D. Limited decision-making ability of the producera) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms today
- Wanda Lux must select a supplier for a plastic bottle and proprietary dispenser for its new hair shampoo. Three suppliers have placed bids; at Wanda’s request, all bids are for a shipping quantity of 20,000 bottles with annual requirements of 40,000 units. Wanda’s factory operates 250 days a year. The first table (below) shows each supplier’s price, estimated annual freight costs, and current lead times; management has added estimates for holding costs and administrative oversight costs for each supplier. Beyond costs, however, Wanda has three other criteria considered important in the selection of a supplier. The second table (see below) shows all the criteria, their weights, and the scores for all of them except total costs, where a score of 1 indicates “poor” and 10 indicates “superior.” Because all three suppliers have done business with Wanda Lux before, management will assign a score of “10” to the supplier with the lowest total annual cost, a score of “8.5” for the next lowest…You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been sub-mitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of2,000 baht. India Shine has submitted a bid of 2,000 rupees.Sacramento Glow has submitted a bid of $200. You check withyour local bank and find that +1 = 10 baht and +1 = 8 rupees.Which company should you choose?In a procurement strategy, when does the Kraljic matrix work and when does it doesn’t