Question: Supplier Selection: You are working as a procurement executive in company XYZ, your company is planning to host an annual event and you have been

Supplier Selection:

You are working as a procurement executive in company XYZ, your company is planning to host an annual event and you have been given the responsibility of arranging food & beverages. Against the RFQ, you have received 04 quotations from the suppliers. You are required to evaluate the suppliers and select the best one keeping in mind the following factors:

Cost.

Quality.

You have obtained following details / feedback from the suppliers who placed a bid against your RFQ.

ABC Supplier:

Factor

Details

Cost

9.75

Quality

Reliability

Good Quality

Always delivers on time

Location

Around 5 miles from the company

Payment options

Flexible

XYZ Supplier:

Factor

Details

Cost

9.50 + Unloading Charges

Quality

Reliability

Good Quality

Delivers on time

Location

Around 7 miles from the company

Payment options

50% Advance and 50% on Delivery

LMN Supplier:

Factor

Details

Cost

9.80

Quality

Reliability

Good Quality

Always delivers on time

Location

Around 2 miles from the company

Payment options

100% Advance

TMQ Supplier:

Factor

Details

Cost

9.60 + Transportation

Quality

Reliability

Good Quality

Always delivers on time

Location

Around 3 miles from the company

Payment options

100% on Delivery

Q1. Which Supplier you will select? Justify your answer.

Q2. Apart from these factors listed here list some of the other factors which can help you in taking the decision to select best supplier.

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