1. Obtain a copy of your company RFQ/ RFT documents and review them. a. What wor

ID: 413329 • Letter: 1

Question

1. Obtain a copy of your company RFQ/ RFT documents and review them.

a. What works well?

b. What is missing from them?

c. How user-friendly are they?

d. If you were selecting a supplier using these documents how easy or hard do you think it would be? Explain.

2. Develop a list of criteria that you would use to evaluate supplier services.

a. In an accompanying document, outline why you have selected each of the criteria and why you think each one is important (this will need to link back to the organisation’s business plan and approach).

b. From this, design a template to be used in the supplier evaluation process

Explanation / Answer

1. RFQ (Request For Quotation)

a. The main advantage of RFQ is, to begin with, a quotation with the potential suppliers to do inquiry about your completion of the job. It gives the idea about the price of the items required to begin with the work.

b. The missing part of the quotation is the lack skills and training guidance.

c. They are very user-friendly irrespective of contracts and delivery requirements. They show the best response for the purpose of quality.

d. It would not be so easy, many factors like necessary requirements of delivery, volumes, descriptions, terms, and conditions, other requirements etc are important to be judged before finalizing the quotations.

2. Lists are:

1. Volumes of product

2. Quality levels

3. Delivery

4. Terms and other conditions

5. Product descriptions

6. Skills and training

7. Contract drafting

8. Other requirements

9. Specifications

10. Drawings

11. Contract terms

a. Each of the criteria is necessary to be judged by the organization from the potential supplier’s quotation so that it can give the organizations an idea to choose the best standard service in the organization.

Each one is an important part of the business to justify well before granting a supplier for the manufacturing purpose in the organization, so to avoid any false measures in future.

b. For the evaluation process the template can be:

Volumes of product

Quality levels

Delivery

Terms and other conditions

Product descriptions

Skills and training

Contract drafting

Other requirements

Specifications

Drawings

Contract terms