Learning Outcome 1 Flashcards
Understand how to devise a business case for requirements to be sourced from external suppliers.
1
Q
Summarise
1. Straight re-buy
2. Modified re-buy
3. New purchase
A
- Bought before, already and existing and agreed specification.
- Bought before, small changes to existing specification.
- Completely new requirement.
2
Q
List the sections that would be included in a typical business case.
A
- Executive summary
- Long term Strategy
- Business requirements
- Price + Cost Analysis
- Return on investment
- Market analysis
- Risk analysis
- Supplier analysis
- Technical developments
- Vulnerability analysis
- Sourcing objectives
- Implementation plan
- Longer term benefits
- Sustainability
- Competitive advantage
3
Q
Define desk research
A
- Seconary research
- Gathering information from already available published sources.
- Market reports, official statistics, trade publications.
4
Q
Define field research
A
- Primary data
- Original or raw data
- Qualititive, peoples thoughts and feelings.
- Quantitive, numerical information.
5
Q
what is the starting point in the risk assessment process?
A
- List all potential sources of risk.
- Assess each risk on the impact to the organisation.
- Assess each risk on probability.
6
Q
what are the 4 types of benchmarking?
A
- Internal
- Competitive
- Functional
- Generic
