Areas of Proc Cycle that add value Flashcards
1
Q
Defining needs / specification
A
Quality standards are met
Saves time - ensure need for requotes are not needed due to lack of info or misinterpretation
2
Q
Market analysis
A
Ensure all potential suppliers are included (don’t lose out on something great because a supplier was left out)
Suppliers briefed on T&Cs and ‘must haves’ - eliminates at an early stage if they cannot meet demand
3
Q
Supplier selection
A
Remove unethical suppliers
Remove unsuitable suppliers
Remove suppliers in financial difficulty
4
Q
Contract award
A
Ensure good sourcing against ongoing needs