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Question 1) Why should Whirlpool Corporation be interested in cost modeling? How can they use supplier cost models in procurement?
Question 2) Consider Exhibit 2 in the Whirlpool Corporation Global Procurement Case (available in your readings) and address the following bullet points.
Thinking of the range of services a company might source from outside suppliers-simple things like custodial or security services, versus complex services like legal or consulting-how would the applicability of cost modeling vary?Question 3) Analyze the compressor data that is provided in the case (also made available in the Microsoft Excel file uploaded below) to determine which drivers are most important? (Note: To answer this question you can use one or more of the following techniques using Microsoft Excel or any other statistical package: Pivot table, correlation, graphing relationship between variables, regression.)
Please provide a list of 10 or more services and discuss frequency and the process of procurement (tender. Bid, sole source Contract, Negotiation etc.) please d
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