What criteria are used to evaluate bids

Assignment Help Operation Management
Reference no: EM131250720

Why is it important to review the market for new suppliers, or options, to fulfill a procurement need?

What role does legal and regulatory compliance play in procurement?

What criteria are used to evaluate bids? How are these criteria defined?

Discussion question responses should be at least 200-300 words, referenced, and submitted by Thursday midnight. Reference the Required/Recommended reading materials or provide reference to a CSU-Global Library article of your choice.

Reference no: EM131250720

Questions Cloud

Cournot equilibrium price for industry : An industry has two firms. The inverse demand function for this industry is p = 74 - 4 q. Both firms produce at a constant unit cost of $26 per unit. What is the Cournot equilibrium price for this industry?
How much bread is each person buying or selling : Find the equilibrium price of roasted chickens. At the equilibrium price, who is buying chickens and who is selling them? How many chickens is each person buying or selling?
Share of the market means higher profitability : Many firms have set their goal as to maximize their market share, while some companies consider higher profitability as their main objective. However, some people believe that higher share of the market means higher profitability.
Six steps of the marketing research process : Briefly discuss the marketing research process. How can a firm leverage its marketing information systems (MIS) to yield the greatest value for its research efforts? Your discussion should cover the six steps of the marketing research process.
What criteria are used to evaluate bids : Why is it important to review the market for new suppliers, or options, to fulfill a procurement need? What role does legal and regulatory compliance play in procurement?
Why might bargaining not be costless : How would your answer to part (a) change if the waste reduces the profits for the fishing industry by $40,000? (Assume, as before, that the firm could eliminate the waste at a cost of $60,000 per year.)
What is the economically efficient level of production : The marginal cost of the public good is $180. What is the economically efficient level of production of the good? Illustrate your answer on a clearly labeled graph.
Was the board in violation of the business judgment rule : The Paramount board rejected QVC's bid on the grounds that a Viacom merger would be more in keeping with Paramount's business strategy. Was the board in violation of the business judgment rule? Explain.
Summary before deciding to read the entire report : CEOs often read and assess an Executive Summary before deciding to read the entire report, so this must be high quality narrative that demonstrates the significance of the work undertaken, the objectivity of research and analysis underpinning the ..

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