CompanyThis assessment will cover:
- Elaborate MODNL in order to manage the selection and qualifying areas.
INTRODUCTION
Selection of a good purveyor is crucial task, effective assortment aids in minimising risk and gaining higher profit for the business (Dargi and et.al, 2014). The present study is based on procuring textiles made from recycled fibres project. The report will analyse various factors that need to be considered by MODNL (Ministry of Defence of the Kingdom of the Netherlands) while selecting suppliers.
QUESTION 1
Factors Need to Be Considered By MODNL While Qualifying and Selecting Suppliers
Vendor selection process is time consuming process and directly impact on overall profitability of organisation to great extent. There are several factors that need to be considered when qualifying or selecting the potential suppliers. These are described as below:
Process of Design Capabilities:
It is very important for MODNL that to ensure abilities of vendor whether they have adequate knowledge or not (Rezaei, Fahim and Tavasszy, 2014). Apart from this, authorities have to analyse their process techniques. Both these things can help in selecting the most deserving and experienced supplier who can deliver high quality raw material to the organisation. By selecting qualifying suppliers product development time can be reduced.
Quality and Reliability:
It is another important element that can directly impact on overall quality of finished goods. Before selecting purveyor, MODNL has to ensure that whether delivery lead time of purveyor is reliable or not otherwise production of procuring textiles made from recycled fibres may get affected because of shortage of raw material (Mohammaditabar, Ghodsypour and Hafezalkotob, 2016).
Services and Cost:
both these are important considering points, it needs to be ensured that unit price of material remain in budget and suppliers take responsibility of their delivered material. Purveyor must respond to warranty on timely basis.
Location:
If raw material is being supplied from outside location then it may impact on delivery timing and can enhance overall cost of project because logistics and transportation cost will enhance expenditures. MODNL has to selects such suppliers those who are located within certain distance so that they can deliver raw material for procuring textiles within specified period (Wu and et.al, 2016).
Financial Condition:
It is another essential component that can impact on overall success of project to great extent. MODNL's evaluator team members have to look upon financial ratios of vendors. This can support in identifying whether supplier has capability to invest or not, by this way entity can measure the reliability of purveyors (Supplier selection and evaluation, 2018).
Willingness to Share Information:
Authorities are required to consider this essential element, they have to ensure willingness of particular suppliers to share information about process and services of company. It might be possible that vendors make changes in its process design and technologies then such kind of situation can hamper working of buyer thus, purveyors have to share all necessary information with consumers so that consumers can make proper decision of buying martial (5 factors to consider before choosing the right supplier, 2018). If suppliers do not share such kind of details then it might create difficulty in completing project within specified period. Thus, MODNL has to emphases on willingness of suppliers to share information significantly.
Also Read:- Impact of workers satisfaction on Business Growth
CONCLUSION
From the above study it can be concluded that selection of purveyors needs to be done carefully, otherwise company might get failed to finish its project on time. Location, financial capability, quality aspects need to be considered so that entity can complete the project within specified duration. get more details about online assignment help from our experts.
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