CW Ltd is looking for a new supplier for its facilities management contract. The procurement department opens a tendering process and send the ITTs to several suppliers. Three suppliers submit their bids with detailed quotations and their quality accreditations. The procurement department realises that there are slight differences in the prices that these suppliers offer. Which of the following should be considered by CW procurement team to ensure that the best supplier is selected?
A university wants to improve its information systems by moving all student records and data files to a new database system. A contractor has been hired just for this project. The procurement manager cares a lot about keeping the business running smoothly. He checks the contractor’s past performance, the market and other outside factors to list all possible risks. At what stage in business continuity planning should the procurement manager do this activity?
Eric works as a senior buyer for a mobile manufacturer and faces a problem with a supplier. The supplier delivers a key component for Eric’s company, but the supply market has few alternatives. What should Eric do in this situation?