Answer the question in own language . Use the case study please and apply your understanding to answer the question . NO SHORT ANSWER NEEDED

Based on the case study i have provided please answer the following question in own language taking the points from case study and your understanding

Question -

Discuss the different criteria (strategic, traditional and additional current) for deciding the lime supply presented by the guest speaker in the case study ?

CASE STUDY -

Lime Supply to a facility in NL Mining company with mature Procurement practices Yearly consumption: 55,000MT Two vendors currently supplying, with challenges for both to overcome: Yearly Spend approximately CAD 16MM Drivers: adherence to specs, assurance of supply, process optimization, saving: Vendor A - lime supplied in bags, from a plant in Turkey, prices in USD Challenges: HSE, logistic costs Vendor B - lime supplied in containers, from a plant in NB, prices in CAD Challenges: price, operational aspects Carry out two separate RFPs for MATERIAL and LOGISIICS AsK MATERIAL vendors to provide pricing "DDP Port in NL", in 1.6MT, single loop BAGS. Evaluation criteria: - Price - Ability to meet specs and consumption LOGISTICS vendors would collect lime at the port, send it to a facility, store it and truck it daily to the plant. Evaluation criteria: - Price - Capabilities - based on feedback from other customers on the island. Results and Way Forward Proposed award scenarios: - Material 70/30 split between vendors A and B - Logistics: one vendor selected Savings achieved were of 19% compared to original scenario - from 16MM to 13MM Risks mitigated: Reliance on one supplier; quality issues; potential distuption; currency fluctuation; geopolitical changes, price increases Management of change: company now responsible to track inventory and place POs; moreew stakeholders; savings were contingent on split being respected. Bottom line: KNOWLEDGE Of YOUR SUPPLIERS, PRODUCTS, INTERNAL STAKEHOLDERS, LOCATION YIELD BETTER RESULTS