Asked by
jhamaela marco
on Dec 05, 2024
Verified
If the decision has been made that a new requirement cannot be made in-house and no existing supplier is adequate,then:
A) one option exists: search the marketplace for an untried/unknown,new supplier.
B) two options exist: search the marketplace for a new supplier or convince an existing supplier to develop the capability.
C) three options exist: search the marketplace for a new supplier,engage in reverse marketing,or redesign/respecify the requirement so that it is procurable.
D) three options exist: search the marketplace for a new supplier,convince an existing supplier to develop the capability,or engage in reverse marketing.
E) three options exist: search the marketplace for a new supplier,convince an existing supplier to develop the capability,or inform the internal user the item cannot be purchased.
Reverse Marketing
A strategy where the consumer influences the supplier of a good or service, rather than the traditional supplier-to-consumer dynamic.
Untried/Unknown
Refers to methods, technologies, or concepts that have not been tested or verified, thus presenting an element of risk or uncertainty.
- Understand the critical role and breadth of supplier development efforts.
- Familiarize oneself with the principles and consequences of requests for information (RFI), quotations (RFQ), and proposals (RFP) in the processes of selecting suppliers.
Verified Answer
JH
Learning Objectives
- Understand the critical role and breadth of supplier development efforts.
- Familiarize oneself with the principles and consequences of requests for information (RFI), quotations (RFQ), and proposals (RFP) in the processes of selecting suppliers.