Assume you work in the procurement department of a small aerospace parts manufacturer. Your company builds switches
Question:
Assume you work in the procurement department of a small aerospace parts manufacturer. Your company builds switches and relays used in airplanes to control heating and ventilation systems. The parts your company buys must meet precise specifications and the parts are not generally interchangeable; that is, your company’s engineers must work with your suppliers to design specific parts for particular systems. Your director of purchasing is interested in using online reverse auctions to buy these parts. In approximately 200 words, outline arguments for and against using online reverse auctions in this situation and conclude with a specific recommendation.
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May include the following Advantages Achieving a competitive market price and substantial cost savi...View the full answer
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Ali Khawaja
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