The political scene in the UK at the moment is fractious, the economic scene is too scary to think about. In a recent political panel discussion there was debate about the failure of the chancellors mini-budget to calm the nerves of the markets. A pro-government voice said that mistakes are to be embraced and learned from, whilst an opposition voice said that when an aeroplane is landing in high winds a mistake can be fatal. Putting all the politics and "mistakes" that kill people, aside no one wants them to happen, but mistakes happen. What mistakes have you made in your procurement life and what did you learn from them?
Answered by 1 member
(A) Technology, design, cost, co-development, quality, intellectual property, and risk management
(B) Delivery, cost, and quality
(C)Supplier contract and relationship
(D) The supplier's history with the buying company
Answered by 4 members
A. Contracting with multiple suppliers
B. Entering a joint venture
C. Focusing on full and open competition
D. Focusing on supply continuity
Can you identify the best option and can say why it is so?
Answered by 3 members
(A) Set up a meeting with all the key stakeholders to discuss the upcoming negotiations and what they should say and send a follow-up email to all attendees plus those who could not attend.
(B) Send an email to all employees, letting them know that negotiations are being conducted with this supplier and that no one should have any interaction with the supplier while negotiations continue.
(C) Contact the head of each department and explain that negotiations will be conducted with the supplier and ask the department heads to share the information with their teams.
(D) Start negotiations with the supplier and instruct them not to talk to other people within the company during the negotiation period.
Can you identify the best option and can say why it is so?
Answered by 3 members
