Tiny Dolls

Tiny Dolls is a toy manufacturing company that has been in business for the past decade. The manufacturing unit and warehouse are situated in Tshwane. Sales and marketing are spread over a large geographical area. Since the beginning of the COVID-19 pandemic, the company has seen a dramatic profit decline. One of the areas identified for improvement is procurement.

Questions:

1. Management has tasked you with developing a turnaround strategy for the company. It would help if you addressed the following matter:

• Apply the nine procurement objectives to become more profitable.

2. Provide Tiny Dolls with guidance on how to improve their supplier selection process.

• Supplier survey
• Supplier investigation and assessment
• Supplier choice