Develop formal process to select suppliers

Assignment Help Operation Management
Reference no: EM132837984

Your CEO wants to develop a formal process to select suppliers and vendors to meet the company's needs. These needs include office supplies, equipment maintenance, etc. In a two page business memo, explain why selection criteria is needed, identify the specific criteria you recommend and why. Your criteria list should be no less than five elements.

To strengthen your memo, investigate other companies. Provide an example of a company and its criteria and explain how it relates to your recommendations.

Reference no: EM132837984

Questions Cloud

What amount should the land be shown on the consolidated : A parent sells land to its subsidiary for $40,000, and shows a loss of $5,000. At what amount should the land be shown on the consolidated balance sheet?
What psychological disorders are characterized by a profound : What psychological disorders are characterized by a profound and persistent feeling of sadness, despair, guilt, loss of interest in things
Should governments regulate the cost of drugs : Visit the Drug Cost Facts organization page and review the comprehensive drug ecosystem. Start at the beginning (Why are drugs so expensive?)
Optimal solution and maximum value of objective function : How much additional profit would the restaurant realize each week if it increased its freezer capacity to accommodate 20 extra gallons of ice cream and yogurt?
Develop formal process to select suppliers : Your CEO wants to develop a formal process to select suppliers and vendors to meet the company's needs.
What is her yearly amortization : If money is worth 8% compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year
Result of trade and investment liberalization : Today's economy is becoming increasingly globalized as a result of trade and investment liberalization and consequently businesses are looking beyond
Distinctions between social change and advocacy : Post your perspective on the distinctions between social change and advocacy. Discuss the implications of these distinctions and differences.
Explain the optimal communication for each stakeholder : Explain the optimal communication for each stakeholder (e.g., oral, written, face-to-face) and the considerations that would be best practices in any plan.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd