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

  Assume role of senior level executive in your organization

Assume the role of a senior level executive in your organization.

  What is average total number of customers in checkout area

What is the average total number of customers in the checkout area? This includes customers waiting to be checked out and customers being checked out.

  Budgeting is to be associated with performance monitoring

What are the guidelines that should be followed if budgeting is to be associated with performance monitoring?

  Know which product mix needs to be manufactured

As Operations Manager, you would like to know which product mix needs to be manufactured.

  Describing the boston consulting group portfolio model

After describing the Boston Consulting Group Portfolio Model, apply the model to classify the SBUs into the appropriate categories, and to prepare a portfolio matrix.

  Define the word service and use hospitality related

Define the word "service" and use a hospitality related example in your answer.

  Project risk events tend to be unlikely

Project risk events tend to be unlikely __________ a project, but that's also when they tend to be the __________.

  Develop preliminary strategies for risk mitigation

Generate a set of likely risk factors, and discuss them in terms of probability and consequences.

  Why do you need scanning system

Why do you need a scanning system? Where do you look for your scanning? List 5 places where you can scan

  Select one idea each from the modern philosophers

Select one idea each from the modern philosophers - Sartre, Arendt, and Rawls - and discuss how that idea is influencing a modern government today.

  Discuss the impact that you believe social networking

Discuss the impact that you believe social networking has on society .original post should be at least one developed and detailed paragraph in length

  Benefits of organizational diversity

Evaluate how organizational cultures are perceived and how problem solving and creativity are promoted with organizational diversity.

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