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

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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

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3
Q

Supplier selection

A

Remove unethical suppliers

Remove unsuitable suppliers

Remove suppliers in financial difficulty

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4
Q

Contract award

A

Ensure good sourcing against ongoing needs

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